Bank of Botetourt


Overview / Commentary
540-254-1721
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 1,319th 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.

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

Health Grade Components

Overall
FDIC Certificate #6137
Year Established1899
Employees123
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.9%
Return on Equity - YTD10.41%
Annual Interest Income$5.5MM
Assets and Liabilities
AssetsQ1 2022vs Q1 2021$700.5MM$641.1MM
LoansQ1 2022vs Q1 2021$416.8MM$456.3MM
DepositsQ1 2022vs Q1 2021$635.0MM$577.7MM
Equity CapitalQ1 2022vs Q1 2021$59.5MM$55.5MM
Loan Loss AllowanceQ1 2022vs Q1 2021$5.7MM$5.3MM
Unbacked Noncurrent LoansQ1 2022vs Q1 2021$1.7MM$1.6MM
Real Estate OwnedQ1 2022vs Q1 2021$27.00K$1.4MM
Rates

Rates for Bank of Botetourt are currently being reviewed.

Locations

Availability



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