First Bank (VA)

Overview / Commentary
112 West King Street
Strasburg, VA 22657

First Bank (VA) is headquartered in STRASBURG and is the 21st largest bank in the state of Virginia. It is also the 760th largest bank in the nation. It was established in 1907 and as of June of 2023, it had grown to 200 employees at 20 locations. First Bank (VA) has a B+ health rating.


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Health Grade Components

FDIC Certificate #6917
Year Established1907
Primary RegulatorFED
Profit Margin
Return on Assets - YTD1.15%
Return on Equity - YTD14%
Annual Interest Income$27.8MM
Assets and Liabilities
AssetsQ2 2023vs Q2 2022$1.37B$1.41B
LoansQ2 2023vs Q2 2022$921.3MM$873.9MM
DepositsQ2 2023vs Q2 2022$1.26B$1.30B
Equity CapitalQ2 2023vs Q2 2022$114.9MM$104.1MM
Loan Loss AllowanceQ2 2023vs Q2 2022$8.9MM$6.2MM
Unbacked Noncurrent LoansQ2 2023vs Q2 2022$903.00K$534.00K
Real Estate OwnedQ2 2023vs Q2 2022$44.00K$1.7MM

Rates for First Bank (VA) are currently being reviewed.



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