First National Bank (VA)

Overview / Commentary
622 Broad Street
Altavista, VA 24517

First National Bank (VA) is headquartered in Altavista and is the 28th largest bank in the state of Virginia. It is also the 981st largest bank in the nation. It was established in 1908 and as of June of 2022, it had grown to 180 employees at 19 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 - YTD0.71%
Return on Equity - YTD10.81%
Annual Interest Income$14.0MM
Assets and Liabilities
AssetsQ2 2022vs Q2 2021$994.5MM$931.4MM
LoansQ2 2022vs Q2 2021$588.0MM$549.4MM
DepositsQ2 2022vs Q2 2021$925.4MM$857.7MM
Equity CapitalQ2 2022vs Q2 2021$62.4MM$66.1MM
Loan Loss AllowanceQ2 2022vs Q2 2021$3.7MM$3.6MM
Unbacked Noncurrent LoansQ2 2022vs Q2 2021$1.2MM$845.00K
Real Estate OwnedQ2 2022vs Q2 2021$0$519.00K

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



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