Lee Bank and Trust Company

Lee Bank and Trust Company is headquartered in Pennington Gap and is the 79^th largest bank in the state of Virginia. It is also the 3,429^th largest bank in the nation. It was established in 1932 and as of March of 2012, it had grown to 54 employees at 4 locations. Lee Bank and Trust Company has a 4-star health rating.

Data for Q1 2012

Institution Statistics Lee Bank and Trust Company FDIC Certificate # 11582 BankRate Report View Year Established 1932 Employees 54 Primary Regulator FDIC Assets and Liabilities Assets $177.26 million Loans $117.32 million Deposits $155.94 million Equity Capital $19.87 million Loan Loss Allowance $2.60 million Unbacked Noncurrent Loans $6.35 million Real Estate Owned $3.74 million Historic Data - March 2011 Assets $171.47 million Equity Capital $19.83 million Loan Loss Allowance $2.18 million Unbacked Noncurrent Loans $7.92 million Real Estate Owned $4.13 million Profit Margin - Quarterly Net Interest Margin 4.21% Return on Assets 0.8% Return on Equity 7.24% Interest Income $2.10 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 March 31, 2012 Lee Bank and Trust Company had $10.09 million in non-current loans and owned real-estate with $22.47 million in equity and loan loss allowances on hand to cover it. This gives Lee Bank and Trust Company a Texas Ratio of 44.90% which is below average. Any bank with a Texas Ratio near or greater than 100% is considered at risk. Texas Ratio Trend The Texas Ratio for Lee Bank and Trust Company decreased slightly from 54.71% as of March 31, 2011 to 44.90% as of March 31, 2012, resulting in a positive change of 17.93%.This indicates that the balance sheet and financial strength for Lee Bank and Trust Company has improved slightly in recent periods. Deposit Growth In the past year, Lee Bank and Trust Company has increased its total deposits by $5.29 million, resulting in 3.51% 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 Lee Bank and Trust Company has shown is above 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. Lee Bank and Trust Company has $177.26 million in assets with $22.47 million in equity, resulting in a capitalization level of 12.67%, which is excellent.

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