Virginia Company Bank

Virginia Company Bank is headquartered in Newport News and is the 89^th largest bank in the state of Virginia. It is also the 4,083^rd largest bank in the nation. It was established in 2005 and as of March of 2012, it had grown to 31 employees at 3 locations. Virginia Company Bank has a 4-star health rating.

Virginia Company Bank Routing Number: 051409304

Data for Q1 2012

Institution Statistics Virginia Company Bank FDIC Certificate # 58147 BankRate Report View Year Established 2005 Employees 31 Primary Regulator FDIC Assets and Liabilities Assets $137.67 million Loans $101.82 million Deposits $113.36 million Equity Capital $13.86 million Loan Loss Allowance $1.41 million Unbacked Noncurrent Loans $364,000 Real Estate Owned $933,000 Historic Data - March 2011 Assets $120.28 million Equity Capital $14.07 million Loan Loss Allowance $1.28 million Unbacked Noncurrent Loans $158,000 Real Estate Owned $165,000 Profit Margin - Quarterly Net Interest Margin 4.13% Return on Assets 0.52% Return on Equity 4.99% Interest Income $1.53 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 Virginia Company Bank had $1.3 million in non-current loans and owned real-estate with $15.27 million in equity and loan loss allowances on hand to cover it. This gives Virginia Company Bank a Texas Ratio of 8.50% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk. Texas Ratio Trend The Texas Ratio for Virginia Company Bank increased slightly from 2.10% as of March 31, 2011 to 8.50% as of March 31, 2012, resulting in a negative change of 303.65%. This indicates that the balance sheet and financial strength for Virginia Company Bank has declined slightly in recent periods. Deposit Growth In the past year, Virginia Company Bank has increased its total deposits by $22.01 million, resulting in 24.1% 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 Virginia Company Bank has shown is excellent. 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. Virginia Company Bank has $137.67 million in assets with $15.27 million in equity, resulting in a capitalization level of 11.09%, which is above average.

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