1st Commonwealth Bank of Virginia

1st Commonwealth Bank of Virginia is headquartered in Arlington and is the 105^th largest bank in the state of Virginia. It is also the 6,384^th largest bank in the nation. It was established in 2009 and as of September of 2011, it had grown to 30 employees at 1 location. 1st Commonwealth Bank of Virginia's savings rates are 92% higher than the national average, and it has a 4-star health rating.

1st Commonwealth Bank of Virginia Routing Number: 056073654

Related Posts

2010

• 6/20 - Top CD, Savings Account and Reward Checking Rates at 1st Commonwealth Bank of Virginia - DC Metro Area
• 3/8 - The Staff Is Very Polite And Accounts Are Opened Only At The Branch (Forum)
• 1/22 - High-Yield Reward Checking Account at 1st Commonwealth Bank of Virginia in Arlington - Local Only
• 1/20 - New Reward Checking Option With Pretty Easy Qualifications (Forum)

2009

• 9/23 - 3.00% 12-Month CD & 2.70% 6-Month CD at 1st Commonwealth Bank of Virginia - Local Only to DC Metro Area
• 7/20 - 3.25% 12-Month CD & 3.00% 6-Month CD at 1st Commonwealth Bank of Virginia - Local Only

1st Commonwealth Bank of Virginia Checking Account Rates

1st Commonwealth Bank of Virginia Savings Account Rates

1st Commonwealth Bank of Virginia Money Market Rates

1st Commonwealth Bank of Virginia CD Rates

1st Commonwealth Bank of Virginia IRA Rates

Data for Q3 2011

Institution Statistics 1st Commonwealth Bank of Virginia OTS # 18086 FDIC Certificate # 58773 BankRate Report View Year Established 2009 Employees 30 Primary Regulator OCC Assets and Liabilities Assets $51.46 million Loans $44.86 million Deposits $43.02 million Equity Capital $4.28 million Loan Loss Allowance $357,000 Historic Data - September 2010 Assets $57.90 million Equity Capital $6.67 million Loan Loss Allowance $241,000 Profit Margin - Quarterly Net Interest Margin 2.63% Return on Assets -3.69% Return on Equity -36.61% Interest Income $1.35 million

Institution Health Overall Score: 4 out of 5 Texas Ratio The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of September 30, 2011 1st Commonwealth Bank of Virginia had $0 in non-current loans and owned real-estate with $4.63 million in equity and loan loss allowances on hand to cover it. This gives 1st Commonwealth Bank of Virginia a Texas Ratio of 0.00% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk. Deposit Growth In the past year, 1st Commonwealth Bank of Virginia has decreased its total deposits by -$8.03 million, resulting in -15.73% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth 1st Commonwealth Bank of Virginia has shown is poor. Capitalization Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. 1st Commonwealth Bank of Virginia has $51.46 million in assets with $4.63 million in equity, resulting in a capitalization level of 9.00%, which is average.