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33785 Main Street
Jonesville, VA 24263

Powell Valley National Bank is headquartered in Jonesville and is the 64th largest bank in the state of Virginia. It is also the 2,579th largest bank in the nation. It was established in 1888 and as of March of 2014, it had grown to 68 employees at 5 locations. Powell Valley National Bank has a A health rating.

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Data for Q1 2014

Institution Health


Texas Ratio


The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 Powell Valley National Bank had $3.05 million in non-current loans and owned real-estate with $44.06 million in equity and loan loss allowances on hand to cover it. This gives Powell Valley National Bank a Texas Ratio of 6.93% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for Powell Valley National Bank decreased slightly from 9.49% as of March 31, 2013 to 6.93% as of March 31, 2014, resulting in a positive change of 26.97%.This indicates that the balance sheet and financial strength for Powell Valley National Bank has improved slightly in recent periods.

Deposit Growth


In the past year, Powell Valley National Bank has decreased its total deposits by -$2.44 million, resulting in -1.19% 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 Powell Valley National Bank has shown is average.



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. Powell Valley National Bank has $247.53 million in assets with $44.06 million in equity, resulting in a capitalization level of 17.80%, which is excellent.

Institution Statistics

FDIC Certificate #6863
Year Established1888
Primary RegulatorOCC
Assets and Liabilities
Assets$247.53 million
Loans$141.80 million
Deposits$202.82 million
Equity Capital$41.05 million
Loan Loss Allowance$3.00 million
Unbacked Noncurrent Loans$2.84 million
Real Estate Owned$211,000
Historic Data - March 2013
Assets$249.70 million
Equity Capital$40.19 million
Loan Loss Allowance$3.31 million
Unbacked Noncurrent Loans$2.84 million
Real Estate Owned$229,000
Profit Margin - Quarterly
Net Interest Margin4.23%
Return on Assets0.99%
Return on Equity6.03%
Interest Income$2.58 million

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Powell Valley National Bank Locations
Big Stone Gap Branch211 East Fifth StreetBig Stone Gap, VA 24219
Duffield Branch301 Duff Patt HwyDuffield, VA 24244
Powell Valley National Bank33785 Main StreetJonesville, VA 24263
Pennington Gap Branch42180 East Morgan AvenuePennington Gap, VA 24277
Wise Branch540 West Main StreetWise, VA 24293