The Old Point National Bank of Phoebus

The Old Point National Bank of Phoebus is headquartered in Hampton and is the 26^th largest bank in the state of Virginia. It is also the 768^th largest bank in the nation. It was established in 1922 and as of March of 2012, it had grown to 285 employees at 24 locations. The Old Point National Bank of Phoebus has a 4-star health rating.

The Old Point National Bank of Phoebus CD Rates

Data for Q1 2012

Institution Statistics The Old Point National Bank of Phoebus FDIC Certificate # 6892 BankRate Report View Year Established 1922 Employees 285 Primary Regulator OCC Assets and Liabilities Assets $865.30 million Loans $482.17 million Deposits $707.25 million Equity Capital $80.59 million Loan Loss Allowance $8.09 million Unbacked Noncurrent Loans $13.85 million Real Estate Owned $7.44 million Historic Data - March 2011 Assets $857.72 million Equity Capital $75.92 million Loan Loss Allowance $10.28 million Unbacked Noncurrent Loans $22.19 million Real Estate Owned $11.16 million Profit Margin - Quarterly Net Interest Margin 3.56% Return on Assets 0.46% Return on Equity 4.89% Interest Income $8.41 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 The Old Point National Bank of Phoebus had $21.29 million in non-current loans and owned real-estate with $88.67 million in equity and loan loss allowances on hand to cover it. This gives The Old Point National Bank of Phoebus a Texas Ratio of 24.01% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk. Texas Ratio Trend The Texas Ratio for The Old Point National Bank of Phoebus decreased slightly from 38.69% as of March 31, 2011 to 24.01% as of March 31, 2012, resulting in a positive change of 37.95%.This indicates that the balance sheet and financial strength for The Old Point National Bank of Phoebus has improved slightly in recent periods. Deposit Growth In the past year, The Old Point National Bank of Phoebus has increased its total deposits by $20.96 million, resulting in 3.05% 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 The Old Point National Bank of Phoebus 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. The Old Point National Bank of Phoebus has $865.3 million in assets with $88.67 million in equity, resulting in a capitalization level of 10.25%, which is above average.

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