Bank of Botetourt is headquartered in BUCHANAN and is the 33rd largest bank in the state of Virginia. It is also the 1,287th largest bank in the nation. It was established in 1899 and as of March of 2023, it had grown to 127 employees at 13 locations. Bank of Botetourt's CD rates are 11% higher than the national average, and it has an A health rating.
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.
Overall | |
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FDIC Certificate # | 6137 |
Year Established | 1899 |
Employees | 127 |
Primary Regulator | FDIC |
Profit Margin | |
---|---|
Return on Assets - YTD | 1.28% |
Return on Equity - YTD | 13.59% |
Annual Interest Income | $7.8MM |
Assets and Liabilities | ||
---|---|---|
Assets | Q1 2023vs Q1 2022 | $714.8MM$700.5MM |
Loans | Q1 2023vs Q1 2022 | $507.9MM$416.8MM |
Deposits | Q1 2023vs Q1 2022 | $640.4MM$635.0MM |
Equity Capital | Q1 2023vs Q1 2022 | $68.7MM$59.5MM |
Loan Loss Allowance | Q1 2023vs Q1 2022 | $7.2MM$5.7MM |
Unbacked Noncurrent Loans | Q1 2023vs Q1 2022 | $1.9MM$1.7MM |
Real Estate Owned | Q1 2023vs Q1 2022 | $0$27.00K |
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
---|---|---|---|---|---|
0.50%* | $1 | $2.5k | Kids$ave (Children's Savings) | ||
OTHER TIERS: 0.15% → $2.5k+ | |||||
0.15% | $100 | - | Business Savings | ||
0.15% | $100 | - | Personal Savings | ||
0.15% | - | - | Club Savings |
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
---|---|---|---|---|
0.10% | $1.3k | - | Alliance Banking | |
0.05% | $5k | - | Business Interest Banking | |
0.05% | $750 | - | Timeless Banking |
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
---|---|---|---|---|
4.05% | $100 | - | 24 Month IRA Special | |
1.10% | $100 | - | 5 Year IRA | |
1.00% | $100 | - | 4 Year IRA | |
0.85% | $100 | - | 3 Year IRA | |
0.65% | $100 | - | 2 Year IRA | |
0.55% | $100 | - | 1 Year IRA |