Bank of Botetourt is headquartered in Buchanan and is the 43rd largest bank in the state of Virginia. It is also the 1,602nd largest bank in the nation. It was established in 1899 and as of December of 2018, it had grown to 102 employees at 12 locations. Bank of Botetourt has a B+ 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.
|FDIC Certificate #||6137|
|Return on Assets - YTD||1.03%|
|Return on Equity - YTD||11.21%|
|Annual Interest Income||$18.4MM|
|Assets and Liabilities|
|Assets||Q4 2018vs Q4 2017||$435.8MM$388.6MM|
|Loans||Q4 2018vs Q4 2017||$380.7MM$338.1MM|
|Deposits||Q4 2018vs Q4 2017||$386.3MM$341.9MM|
|Equity Capital||Q4 2018vs Q4 2017||$46.3MM$35.0MM|
|Loan Loss Allowance||Q4 2018vs Q4 2017||$3.4MM$3.1MM|
|Unbacked Noncurrent Loans||Q4 2018vs Q4 2017||$3.1MM$2.4MM|
|Real Estate Owned||Q4 2018vs Q4 2017||$4.2MM$3.6MM|
Rates for Bank of Botetourt are currently being reviewed.