Bank of Botetourt is headquartered in Buchanan and is the 34th largest bank in the state of Virginia. It is also the 1,319th largest bank in the nation. It was established in 1899 and as of March of 2022, it had grown to 123 employees at 13 locations. Bank of Botetourt 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.
|FDIC Certificate #||6137|
|Return on Assets - YTD||0.9%|
|Return on Equity - YTD||10.41%|
|Annual Interest Income||$5.5MM|
|Assets and Liabilities|
|Assets||Q1 2022vs Q1 2021||$700.5MM$641.1MM|
|Loans||Q1 2022vs Q1 2021||$416.8MM$456.3MM|
|Deposits||Q1 2022vs Q1 2021||$635.0MM$577.7MM|
|Equity Capital||Q1 2022vs Q1 2021||$59.5MM$55.5MM|
|Loan Loss Allowance||Q1 2022vs Q1 2021||$5.7MM$5.3MM|
|Unbacked Noncurrent Loans||Q1 2022vs Q1 2021||$1.7MM$1.6MM|
|Real Estate Owned||Q1 2022vs Q1 2021||$27.00K$1.4MM|
Rates for Bank of Botetourt are currently being reviewed.