Virginia Savings Bank, F.S.B.

Virginia Savings Bank, F.S.B. is headquartered in Front Royal and is the 91^st largest bank in the state of Virginia. It is also the 4,184^th largest bank in the nation. It was established in 1980 and as of March of 2012, it had grown to 47 employees at 5 locations. Virginia Savings Bank, F.S.B. has a 4-star health rating.

Data for Q1 2012

Institution Statistics Virginia Savings Bank, F.S.B. OTS # 07774 FDIC Certificate # 32039 BankRate Report View Year Established 1980 Employees 47 Primary Regulator OCC Assets and Liabilities Assets $132.91 million Loans $83.67 million Deposits $120.16 million Equity Capital $12.13 million Loan Loss Allowance $885,000 Unbacked Noncurrent Loans $539,000 Real Estate Owned $990,000 Historic Data - March 2011 Assets $129.35 million Equity Capital $11.78 million Loan Loss Allowance $980,000 Unbacked Noncurrent Loans $1.39 million Real Estate Owned $1.27 million Profit Margin - Quarterly Net Interest Margin 3.7% Return on Assets 0.31% Return on Equity 3.34% Interest Income $1.37 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 Savings Bank, F.S.B. had $1.53 million in non-current loans and owned real-estate with $13.01 million in equity and loan loss allowances on hand to cover it. This gives Virginia Savings Bank, F.S.B. a Texas Ratio of 11.75% 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 Savings Bank, F.S.B. decreased significantly from 20.78% as of March 31, 2011 to 11.75% as of March 31, 2012, resulting in a positive change of 43.43%.This indicates that the balance sheet and financial strength for Virginia Savings Bank, F.S.B. has improved significantly in recent periods. Deposit Growth In the past year, Virginia Savings Bank, F.S.B. has increased its total deposits by $2.89 million, resulting in 2.46% 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 Savings Bank, F.S.B. 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. Virginia Savings Bank, F.S.B. has $132.91 million in assets with $13.01 million in equity, resulting in a capitalization level of 9.79%, which is average.

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