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First National Bank (VA)


Overview / Commentary
www.1stnatbk.com
434-369-3000
622 Broad Street
Altavista, VA 24517

First National Bank (VA) is headquartered in Altavista and is the 41st largest bank in the state of Virginia. It is also the 1,442nd largest bank in the nation. It was established in 1908 and as of September of 2020, it had grown to 119 employees at 11 locations. First National Bank (VA) has an A health rating.

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Reviews (1)

WORST BANK EVER

Posted by: |

worst bank ever especially if you own a business. they will try to sell you on what they say is better treatment because they're a small bank, but in reality you're better off dealing with the big banks. my brother and i had a business that we were selling and the sale could not go through by first national's self imposed closing date. they responded by extorting $25000 from us to keep the lines of credit open another month until we could close on the sale. don't even think about using them. you'll be sorry if you do.

1


Health
A

Data as of Q3 2020

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #6811
Year Established1908
Employees119
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD0.64%
Return on Equity - YTD7.58%
Annual Interest Income$14.5MM
Assets and Liabilities
AssetsQ3 2020vs Q3 2019$572.3MM$480.5MM
LoansQ3 2020vs Q3 2019$416.5MM$387.9MM
DepositsQ3 2020vs Q3 2019$521.6MM$431.4MM
Equity CapitalQ3 2020vs Q3 2019$46.0MM$45.2MM
Loan Loss AllowanceQ3 2020vs Q3 2019$3.5MM$3.5MM
Unbacked Noncurrent LoansQ3 2020vs Q3 2019$1.4MM$1.1MM
Real Estate OwnedQ3 2020vs Q3 2019$18.00K$645.00K
Rates
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Always verify rates and promotions with the bank or credit union. We are not First National Bank (VA); we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

First National Bank (VA) Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.10%$100-Statement Savings Account
0.10%$250-Business Savings

First National Bank (VA) Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.50%*$1.5m*-Business Money Market Account
OTHER TIERS: 0.10% → $2.5k - $100k | 0.20% → $100k - $500k | 0.35% → $500k - $1.5m
0.15%*$500k*-Personal Money Market Checking Account
OTHER TIERS: 0.05% → $2.5k - $50k | 0.10% → $50k - $500k
0.15%*$500k*-First Index
OTHER TIERS: 0.05% → $1k - $50k | 0.10% → $50k - $500k
0.15%*$500k*-IRA Money Market Account
OTHER TIERS: 0.05% → $100 - $50k | 0.10% → $50k - $500k

First National Bank (VA) Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.50%*-$30kKa-Ching! Checking
OTHER TIERS: 0.10% → $30k+
0.01%$500-Interest Checking
0.01%$1k-1st Choice Club Checking
0.01%$100-Business Interest Checking

First National Bank (VA) CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.45%$500-5 Year CD
0.40%$500-4 Year CD
0.30%$500-18 Month 1st Choice Club CD
0.30%$500-2 Year CD
0.30%$500-2 1/2 Year CD
0.30%$500-37 Month CD
0.25%$500-18 Month CD
0.20%$500-1 Year CD
0.15%$500-1 Year No Penalty CD
0.10%$2.5k-182 Day CD
0.05%$2.5k-91 Day CD

First National Bank (VA) IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.45%$100-5 Year Fixed IRA
0.45%$100-5 Year Fixed Roth IRA
0.40%$100-4 Year Fixed IRA
0.30%$100-2 Year Fixed IRA
0.30%$100-3 Year Fixed IRA
0.25%$100-18 Month Variable IRA
0.25%$100-18 Month Variable Roth IRA
0.25%$100-18 Month CESA IRA
0.20%$100-12 Month Variable IRA
0.20%$100-1 Year Fixed IRA
0.20%$100-1 Year Fixed Roth IRA
Locations

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