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

EVB Bank

EVB Bank Locations
330 Hospital Rd.
Tappahannock, VA 22560
1-888-464-BANK
www.bankevb.com



EVB Bank is headquartered in Tappahannock and is the 19st largest bank in the state of Virginia. It is also the 625th largest bank in the nation. It was established in 1910 and as of September of 2011, it had grown to 305 employees at 28 locations. EVB Bank's savings rates are 44% higher than the national average, and it has a 3-star health rating.

Related Posts

High-Yield Reward Checking Account at a Virginia Bank (EVB) - 4/27/2008

Update 6/27/09: The rate cap has fallen to $25K. Refer to the bottom of the post for the rate history.EVB Bank is offering a reward checking account that pays 3.01% APY on balances up to $25,000 (1.45% for above) and refunds ATM fees if the following...



See Rates for: Checking | Savings | Money Market | CD | IRA

EVB Bank Checking Account Rates

ApyMinMaxProduct
1.51%-$15kReward Checking
1.45%-$75kCommunity Connection Non-Profit Checking
0.10%$100-Interest Checking
0.10%$100-Business Interest Checking

EVB Bank Savings Account Rates

ApyMinMaxProduct
0.75%$100-Reward IRA Savings
0.75%$100-Reward SEP IRA Savings
0.75%$100-Reward Roth IRA Savings
0.20%$100-Statement Savings
0.20%$100-Business Statement Savings

EVB Bank Money Market Rates

ApyMinMaxProduct
0.60%$250k-Personal Money Market

EVB Bank CD Rates

ApyMinMaxProduct
1.75%$1k-60 Month CD
1.75%$1k-Business 60 Month CD
0.95%$1k-48 Month CD
0.95%$1k-Business 48 Month CD
0.90%$1k-36 Month CD
0.90%$1k-Business 36 Month CD
0.80%$1k-24 Month CD
0.80%$1k-Business 24 Month CD
0.60%$1k-13 - 23 Month CD
0.60%$1k-Business 13 - 23 Month CD
0.40%$1k-12 Month CD
0.40%$1k-Business 12 Month CD
0.20%$1k-90 - 364 days CD
0.20%$1k-Business 90 - 364 days CD

EVB Bank IRA Rates

ApyMinMaxProduct
1.75%$500-5 Year IRA
1.75%$500-5 Year SEP IRA
1.75%$500-5 Year Roth IRA
0.95%$500-4 Year IRA
0.95%$500-4 Year SEP IRA
0.95%$500-4 Year Roth IRA
0.90%$500-3 Year IRA
0.90%$500-3 Year SEP IRA
0.90%$500-3 Year Roth IRA
0.80%$500-2 Year IRA
0.80%$500-2 Year SEP IRA
0.80%$500-2 Year Roth IRA
0.60%$500-13 - 23 Month IRA
0.60%$500-13 - 23 Month SEP IRA
0.60%$500-13 - 23 Month Roth IRA
0.40%$500-1 Year IRA
0.40%$500-1 Year SEP IRA
0.40%$500-1 Year Roth IRA

Rates updated: 2/10/2012

Data for Q3 2011


Institution Statistics


EVB
FDIC Certificate #11584
BankRate ReportView
Year Established1910
Employees305
Primary RegulatorFED

Assets and Liabilities

Assets$1.07 billion
Loans$718.43 million
Deposits$845.69 million
Equity Capital$101.33 million
Loan Loss Allowance$25.67 million
Unbacked Noncurrent Loans$26.60 million
Real Estate Owned$7.77 million

Historic Data - September 2010

Assets$1.11 billion
Equity Capital$97.18 million
Loan Loss Allowance$18.40 million
Unbacked Noncurrent Loans$26.92 million
Real Estate Owned$8.31 million

Profit Margin - Quarterly

Net Interest Margin3.6%
Return on Assets0.17%
Return on Equity1.94%
Interest Income$37.75 million

Institution Health


Overall Score:
3 out of 5
3
Texas Ratio3
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 EVB Bank had $34.36 million in non-current loans and owned real-estate with $127 million in equity and loan loss allowances on hand to cover it. This gives EVB Bank a Texas Ratio of 27.06% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend3
The Texas Ratio for EVB Bank held steady from 30.48% as of September 30, 2010 to 27.06% as of September 30, 2011, resulting in a positive change of 11.23%.This indicates that the balance sheet and financial strength for EVB Bank has held steady in recent periods.
Deposit Growth2
In the past year, EVB Bank has decreased its total deposits by -$8.78 million, resulting in -1.03% 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 EVB Bank has shown is below average.
Capitalization4
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. EVB Bank has $1.07 billion in assets with $127 million in equity, resulting in a capitalization level of 11.85%, which is above average.
Write Review

Ok Bank But No Customer Service
2 stars - MichaelHottman - Wednesday, December 28, 2011 - 5:46 PM

I have been banking with EVB for over a year. The reason I chose them was because it was a local bank and offered a great (1+% - ok not a great rate unless you compare it to other types of bank accounts, including "high yield" money market or CD rates) on balances in the account for their internet focused account. But throughout my relationship with them it has been a comedy of errors and poor service that has me contemplating a different local bank. The first issue was when the teller set up my account they put my full name on the account, full first name, full middle name, full last name. I was willing to dismiss this, but I've never had someone put my full name on any account, ever, and I've worked with lots of banks.

Then the teller ordered my first checks without mentioning there was a nearly $30 fee for those checks. When I opened my first statement I nearly went through the roof! I wrote the bank telling them my issue and there was silence, no acknowledgement of my complaint, no call, no letter, nothing.

One of the features they offer with this account is the ability to transfer funds to other accounts. I pay most of the family bills through my wife’s account at another bank so I need to transfer funds there on a regular basis. The one problem is that the feature at EVB only works about 50% of the time. I have made several attempts to solve this issue and a friendly customer service person over the phone finally told me that they have to restart services on their servers on a nearly daily basis and that’s the reason it fails at times. Hmmm, my confidence in this bank is waning even more.

My last attempt to work on this transfer issue was via an email to their customer service. I sent the e-mail over a week ago, and guess what… no answer still. I guess customer service isn’t one of their hallmarks. But this is a “community bank” I thought that is why people want to work with local banks, the personal service, the responsiveness to issues, their willingness to attend to the customer, something lost with many bigger banks. 

2