Central Virginia Bank

Central Virginia Bank is headquartered in Powhatan and is the 51^st largest bank in the state of Virginia. It is also the 1,644^th largest bank in the nation. It was established in 1973 and as of September of 2011, it had grown to 84 employees at 8 locations. Central Virginia Bank has a 1-star health rating.

Central Virginia Bank Routing Number: 051402987

Related Posts

Central Virginia Bank Checking Account Rates

Central Virginia Bank Money Market Rates

Central Virginia Bank CD Rates

Data for Q3 2011

Institution Statistics Central Virginia Bank FDIC Certificate # 21225 BankRate Report View Year Established 1973 Employees 84 Primary Regulator FED Assets and Liabilities Assets $400.70 million Loans $224.38 million Deposits $338.71 million Equity Capital $17.02 million Loan Loss Allowance $9.91 million Unbacked Noncurrent Loans $25.87 million Real Estate Owned $6.12 million Historic Data - September 2010 Assets $422.11 million Equity Capital $20.28 million Loan Loss Allowance $10.50 million Unbacked Noncurrent Loans $24.87 million Real Estate Owned $3.00 million Profit Margin - Quarterly Net Interest Margin 2.97% Return on Assets 0.28% Return on Equity 6.74% Interest Income $12.93 million

Institution Health Overall Score: 1 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 Central Virginia Bank had $31.99 million in non-current loans and owned real-estate with $26.93 million in equity and loan loss allowances on hand to cover it. This gives Central Virginia Bank a Texas Ratio of 118.76% which is poor. Any bank with a Texas Ratio near or greater than 100% is considered at risk. Texas Ratio Trend The Texas Ratio for Central Virginia Bank increased slightly from 90.53% as of September 30, 2010 to 118.76% as of September 30, 2011, resulting in a negative change of 31.19%. This indicates that the balance sheet and financial strength for Central Virginia Bank has declined slightly in recent periods. Deposit Growth In the past year, Central Virginia Bank has decreased its total deposits by -$16.72 million, resulting in -4.71% 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 Central Virginia Bank has shown is below average. 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. Central Virginia Bank has $400.7 million in assets with $26.93 million in equity, resulting in a capitalization level of 6.72%, which is below average.

No reviews have been left for this bank yet. Be the first to review.