Village Bank (VA)

15521 Midlothian Turnpike
Midlothian, VA 23113
(804) 897-3900
www.villagebank.com

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Village Bank (VA) is headquartered in Midlothian and is the 38^th largest bank in the state of Virginia. It is also the 1,228^th largest bank in the nation. It was established in 1999 and as of March of 2012, it had grown to 206 employees at 14 locations. Village Bank (VA)'s savings rates are 3X the national average, but it has a 1-star health rating.

Competitive Mid-Term CDs at Village Bank in Virginia - Local Only - 1/28/2010

Village Bank is offering a few competitive mid-term CD rates. The best ones include a 2.07% APY 15-month CD, a 2.12% APY 18-month CD and a 2.28% APY 24-month CD. Minimum deposit is $500. These rates ...

Unique High-Yield Reward Checking Account at Village Bank in Virginia - Local Only - 1/28/2010

Village Bank is offering a high-yield reward checking account called Village eRewards Plus . It has the following rates as of 1/28/2010 which don't appear to be dependent on monthly requirements: ...

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

Village Bank (VA) Checking Account Rates

Apy	Min	Max	Product
0.75%	-	$25k	Village eRewards Plus
0.35%	-	-	Non-Profit Checking
0.35%	$10k	-	IOLTA
0.35%	$25k	-	Village Platinum
0.30%	$25k	-	Village Silver
0.25%	$25k	-	Village Interest Checking

Village Bank (VA) Savings Account Rates

Apy	Min	Max	Product
1.51%	-	$10k	Village Kids Club
0.76%	$500	-	IRA Savings
0.76%	$500	-	Roth IRA Savings
0.76%	$500	-	CESA Savings
0.35%	-	-	Village Savings
0.35%	-	-	Village Business Savings

Village Bank (VA) Money Market Rates

Apy	Min	Max	Product
0.40%	$25k	$1m	Village Business MM
0.35%	$25k	$1m	Village Money Market

Village Bank (VA) IRA Rates

Apy	Min	Max	Product
1.61%	$500	-	5 Year IRA
1.61%	$500	-	5 Year Roth IRA
1.61%	$500	-	5 Year CESA
1.51%	$500	-	4 Year IRA
1.51%	$500	-	4 Year Roth IRA
1.51%	$500	-	4 Year CESA
1.16%	$500	-	3 Year IRA
1.16%	$500	-	3 Year Roth IRA
1.16%	$500	-	3 Year CESA
0.90%	$500	-	2 Year IRA
0.90%	$500	-	2 Year Roth IRA
0.90%	$500	-	2 Year CESA
0.85%	$500	-	18 Month Fixed Rate IRA
0.85%	$500	-	18 Month Fixed Rate Roth IRA
0.85%	$500	-	18 Month Fixed Rate CESA
0.50%	$500	-	1 Year IRA
0.50%	$500	-	1 Year Roth IRA
0.50%	$500	-	1 Year CESA

Rates updated: 5/27/2012

Data for Q1 2012

Institution Statistics

Village Bank
FDIC Certificate #	35111
BankRate Report	View
Year Established	1999
Employees	206
Primary Regulator	FDIC
Assets and Liabilities
Assets	$551.21 million
Loans	$414.76 million
Deposits	$467.54 million
Equity Capital	$38.65 million
Loan Loss Allowance	$14.36 million
Unbacked Noncurrent Loans	$54.90 million
Historic Data - March 2011
Assets	$603.79 million
Equity Capital	$50.46 million
Loan Loss Allowance	$7.43 million
Unbacked Noncurrent Loans	$18.01 million
Real Estate Owned	$13.51 million
Profit Margin - Quarterly
Net Interest Margin	3.65%
Return on Assets	-0.93%
Return on Equity	-13.21%
Interest Income	$6.08 million

Institution Health

Overall Score:

1 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 Village Bank (VA) had $54.9 million in non-current loans and owned real-estate with $53.01 million in equity and loan loss allowances on hand to cover it. This gives Village Bank (VA) a Texas Ratio of 103.57% which is poor. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend
The Texas Ratio for Village Bank (VA) increased slightly from 54.44% as of March 31, 2011 to 103.57% as of March 31, 2012, resulting in a negative change of 90.26%. This indicates that the balance sheet and financial strength for Village Bank (VA) has declined slightly in recent periods.
Deposit Growth
In the past year, Village Bank (VA) has decreased its total deposits by -$39.63 million, resulting in -7.81% 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 poor.
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. Village Bank (VA) has $551.21 million in assets with $53.01 million in equity, resulting in a capitalization level of 9.62%, which is average.