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.
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WORST BANK EVER
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.
Data as of Q2 2022
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 6811 |
| Year Established | 1908 |
| Employees | 180 |
| Primary Regulator | OCC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.71% |
| Return on Equity - YTD | 10.81% |
| Annual Interest Income | $14.0MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2022vs Q2 2021 | $994.5MM$931.4MM |
| Loans | Q2 2022vs Q2 2021 | $588.0MM$549.4MM |
| Deposits | Q2 2022vs Q2 2021 | $925.4MM$857.7MM |
| Equity Capital | Q2 2022vs Q2 2021 | $62.4MM$66.1MM |
| Loan Loss Allowance | Q2 2022vs Q2 2021 | $3.7MM$3.6MM |
| Unbacked Noncurrent Loans | Q2 2022vs Q2 2021 | $1.2MM$845.00K |
| Real Estate Owned | Q2 2022vs Q2 2021 | $0$519.00K |
