First National Bank (VA)

Overview / Commentary
622 Broad Street
Altavista, VA 24517

First National Bank (VA) is headquartered in Altavista and is the 31st largest bank in the state of Virginia. It is also the 1,053rd largest bank in the nation. It was established in 1908 and as of December of 2020, it had grown to 187 employees at 18 locations. First National Bank (VA) has an A health rating.

Reviews (1)


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.


Health Grade Components

FDIC Certificate #6811
Year Established1908
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD0.8%
Return on Equity - YTD9.68%
Annual Interest Income$20.8MM
Assets and Liabilities
AssetsQ4 2020vs Q4 2019$860.1MM$499.4MM
LoansQ4 2020vs Q4 2019$560.1MM$389.8MM
DepositsQ4 2020vs Q4 2019$783.2MM$450.3MM
Equity CapitalQ4 2020vs Q4 2019$67.3MM$44.3MM
Loan Loss AllowanceQ4 2020vs Q4 2019$3.5MM$3.5MM
Unbacked Noncurrent LoansQ4 2020vs Q4 2019$950.00K$1.1MM
Real Estate OwnedQ4 2020vs Q4 2019$519.00K$666.00K
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* 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

0.10%$100-Statement Savings Account
0.10%$250-Business Savings

First National Bank (VA) Money Market Rates

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

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

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

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


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