1 star ratingAverage User Rating:
1 star rating based on 1 review.

Bank of Hampton Roads

Bank of Hampton Roads Locations
999 Waterside Drive
Norfolk, VA 23510
www.bankofhamptonroads.com

FDIC

Bank of Hampton Roads is headquartered in Norfolk and is the 14st largest bank in the state of Virginia. It is also the 400th largest bank in the nation. It was established in 1987 and as of March of 2013, it had grown to 504 employees at 35 locations. Bank of Hampton Roads has a 3-star health rating.

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5.62% 40-Month CD at a Virginia Bank (Bank of Hampton Roads). - 8/27/2007

Update 9/22/07: CD rates have gone down. Please check bank's website for latest rates.Bank of Hampton Roads is offering a special 5.62% APY 40-month certificate of deposit. The minimum deposit is $10,000. Opening accounts seem to require a branch visit....


Data for Q1 2013


Institution Statistics


Bank of Hampton Roads
FDIC Certificate #27125
BankRate ReportView
Year Established1987
Employees504
Primary RegulatorFED

Assets and Liabilities

Assets$1.72 billion
Loans$1.18 billion
Deposits$1.37 billion
Equity Capital$166.05 million
Loan Loss Allowance$41.04 million
Unbacked Noncurrent Loans$75.11 million
Real Estate Owned$30.58 million

Historic Data - March 2012

Assets$1.85 billion
Equity Capital$122.99 million
Loan Loss Allowance$65.69 million
Unbacked Noncurrent Loans$121.06 million
Real Estate Owned$57.84 million

Profit Margin - Quarterly

Net Interest Margin3.54%
Return on Assets0.3%
Return on Equity3.18%
Interest Income$16.20 million

Institution Health


Overall Score:
3 out of 5
3
Texas Ratio2
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 March 31, 2013 Bank of Hampton Roads had $105.69 million in non-current loans and owned real-estate with $207.09 million in equity and loan loss allowances on hand to cover it. This gives Bank of Hampton Roads a Texas Ratio of 51.04% which is below average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend5
The Texas Ratio for Bank of Hampton Roads decreased significantly from 94.82% as of March 31, 2012 to 51.04% as of March 31, 2013, resulting in a positive change of 46.17%.This indicates that the balance sheet and financial strength for Bank of Hampton Roads has improved significantly in recent periods.
Deposit Growth1
In the past year, Bank of Hampton Roads has decreased its total deposits by -$170.37 million, resulting in -11.07% 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 Bank of Hampton Roads has shown is poor.
Capitalization5
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. Bank of Hampton Roads has $1.72 billion in assets with $207.09 million in equity, resulting in a capitalization level of 12.03%, which is excellent.
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First Hand
1 stars - disloyal - Thursday, October 20, 2011 - 6:11 PM

Having worked at this bank for four years, I have first hand experience with its inner workings. Trying to take over Gateway and Shore Bank-- I think we all know that was a big mistake. I mean, they couldn't even afford the raises promised to their employees after that. Then Jack Gibson is forced out... Embarrassing to say the least... In fact, all of their former "head honchos" are gone... Stocks have plummeted... Things are falling apart left and right. Not only do the high and mighty ones at corporate headquarters mistreat their employees, but the customers are allowed to curse at employees, say crude and vile things to employees, inappropriately touch employees, you name it-- it has probably happened. If you can't make your employees stick around, you certainly cannot make customers stick around. BoHR's fees are high, and their rates are lousy. It would be wise to take your money to a more stable institution.

1
 
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