Dedicated to Deposits: Deals, Data, and Discussion
Featured Savings Rates
Featured Accounts
Overview / Commentary
804-897-3900
13531 Midlothian Turnpike
Midlothian, VA 23113

Village Bank (VA) is headquartered in Midlothian and is the 44th largest bank in the state of Virginia. It is also the 1,510st largest bank in the nation. It was established in 1999 and as of March of 2014, it had grown to 200 employees at 13 locations. Village Bank (VA) has a C- health rating.

Related Posts



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



Health

Data for Q1 2014

Institution Health

C-

Texas Ratio

GRADE:
D

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 Village Bank (VA) had $31.71 million in non-current loans and owned real-estate with $34.83 million in equity and loan loss allowances on hand to cover it. This gives Village Bank (VA) a Texas Ratio of 91.05% which is below average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
B

The Texas Ratio for Village Bank (VA) decreased slightly from 106.41% as of March 31, 2013 to 91.05% as of March 31, 2014, resulting in a positive change of 14.44%.This indicates that the balance sheet and financial strength for Village Bank (VA) has improved slightly in recent periods.

Deposit Growth

GRADE:
D

In the past year, Village Bank (VA) has decreased its total deposits by -$25.33 million, resulting in -6% 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 Village Bank (VA) has shown is below average.

Capitalization

GRADE:
C-

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. Village Bank (VA) has $447.5 million in assets with $34.83 million in equity, resulting in a capitalization level of 7.78%, which is below average.

Institution Statistics

Overall
FDIC Certificate #35111
Year Established1999
Employees200
Primary RegulatorFDIC
Assets and Liabilities
Assets$447.50 million
Loans$276.85 million
Deposits$396.64 million
Equity Capital$28.23 million
Loan Loss Allowance$6.60 million
Unbacked Noncurrent Loans$16.02 million
Real Estate Owned$15.69 million
Historic Data - March 2013
Assets$486.98 million
Equity Capital$32.70 million
Loan Loss Allowance$10.32 million
Unbacked Noncurrent Loans$16.02 million
Real Estate Owned$21.38 million
Profit Margin - Quarterly
Net Interest Margin3.69%
Return on Assets-0.51%
Return on Equity-8.09%
Interest Income$4.34 million
Rates

Always verify rates and promotions with the bank or credit union. We are not Village Bank (VA), we are a rate comparison website and can not provide official rates or promotions.

Village Bank (VA) Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.50%-$10kVillage Kids Club
0.45%$100-IRA Savings
0.45%$100-Roth IRA Savings
0.45%$100-CESA Savings
0.15%--Village Savings
0.15%--Village Business Savings

Village Bank (VA) Money Market Rates

DetailsAPYMINMAXPRODUCT
0.40%$50k-Village Platinum MM
0.35%$50k$1mVillage Money Market
0.35%$50k$1mVillage Business Money Market

Village Bank (VA) Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.45%-$25kVillage eRewards Plus - Qualifying
0.20%--Village Non-Profit Checking
0.20%$10k-IOLTA
0.20%$15k-Village Platinum
0.15%$15k-Village Silver
0.10%$15k-Village Interest Checking

Village Bank (VA) CD Rates

DetailsAPYMINMAXPRODUCT
1.26%$500-60 Month Certificate
1.11%$500-48 Month Certificate
0.90%$500-36 Month Certificate
0.70%$500-30 Month Certificate
0.65%$500-24 Month Certificate
0.60%$500-18 Month Certificate
0.55%$500-15 Month Certificate
0.50%$500-12 Month Certificate
0.35%$1k-9 Month Certificate
0.30%$1k-6 Month Certificate
0.25%$500-19 Month 1 Time Penalty Free W/D
0.20%$15k-12 Month No Penalty Certificate
0.05%$1k-1 Month Certificate
0.05%$1k-3 Month Certificate

Village Bank (VA) IRA Rates

DetailsAPYMINMAXPRODUCT
1.26%$500-5 Year IRA
1.11%$500-4 Year IRA
0.90%$500-3 Year IRA
0.65%$500-2 Year IRA
0.60%$500-18 Month Fixed Rate IRA
0.50%$500-1 Year IRA
Locations

Village Bank (VA) has 13 locations. Click to view all Village Bank (VA) locations.