Bank of Botetourt

Overview / Commentary
19747 Main Street
Buchanan, VA 24066

Bank of Botetourt is headquartered in Buchanan and is the 34th largest bank in the state of Virginia. It is also the 1,297th largest bank in the nation. It was established in 1899 and as of June of 2022, it had grown to 123 employees at 13 locations. Bank of Botetourt has an A health rating.

Reviews (1)

Bank of Botetourt

This community bank is very "down-home" and comfortable. Everyone I've interacted with in this branch has been friendly and, whenever I had questions about my account or some other financial concern, they took the time to explain it until I was confident that I understood what was involved. Their website isn't always the greatest or the easiest to navigate. I've had problems in the past of my username and password not working and being forced to wait a couple days while the system reset so I could try again. Other times, I've been forced to re-register because my online account was deactivated without letting me know. They're very proactive about sending new debit/credit cards when there's been a breach in security.


Health Grade Components

FDIC Certificate #6137
Year Established1899
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.95%
Return on Equity - YTD11.26%
Annual Interest Income$11.4MM
Assets and Liabilities
AssetsQ2 2022vs Q2 2021$717.4MM$645.3MM
LoansQ2 2022vs Q2 2021$434.1MM$452.4MM
DepositsQ2 2022vs Q2 2021$657.0MM$581.3MM
Equity CapitalQ2 2022vs Q2 2021$57.6MM$56.9MM
Loan Loss AllowanceQ2 2022vs Q2 2021$5.9MM$5.2MM
Unbacked Noncurrent LoansQ2 2022vs Q2 2021$2.1MM$2.3MM
Real Estate OwnedQ2 2022vs Q2 2021$0$268.00K

Rates for Bank of Botetourt are currently being reviewed.



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