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 1,019th largest bank in the nation. It was established in 1908 and as of March of 2024, it had grown to 179 employees at 19 locations. First National Bank (VA)'s money market rates are 6X the national average, and it has a B+ 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 - YTD0.88%
Return on Equity - YTD11.48%
Annual Interest Income$11.2MM
Assets and Liabilities
AssetsQ1 2024vs Q1 2023$997.9MM$992MM
LoansQ1 2024vs Q1 2023$646.4MM$621MM
DepositsQ1 2024vs Q1 2023$915MM$918.7MM
Equity CapitalQ1 2024vs Q1 2023$78.4MM$69.4MM
Loan Loss AllowanceQ1 2024vs Q1 2023$4.5MM$4.5MM
Unbacked Noncurrent LoansQ1 2024vs Q1 2023$1.3MM$1.7MM
Real Estate OwnedQ1 2024vs Q1 2023$0$0
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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

0.50%$0-Business Savings
0.30%$0-Statement Savings Account

First National Bank (VA) Money Market Rates

2.71%$1k-First Index
2.52%*$1.5m*-Business Money Market Account
OTHER TIERS: 1.01% $2.5k - $100k | 1.51% $100k - $500k | 2.02% $500k - $1.5m
2.02%*$1.5m*-Municipal Money Market
OTHER TIERS: 0.75% $2.5k - $100k | 1.01% $100k - $500k | 1.51% $500k - $1.5m
1.51%*$500k*-Personal Money Market Checking Account
OTHER TIERS: 0.75% $2.5k - $50k | 1.01% $50k - $100k | 1.26% $100k - $500k
1.51%*$500k*-IRA Money Market Account
OTHER TIERS: 0.75% $100 - $50k | 1.01% $50k - $100k | 1.26% $100k - $500k

First National Bank (VA) Checking Account Rates

2.52%*$1.5m*-Business Sweep
OTHER TIERS: 1.01% $2.5k - $100k | 1.51% $100k - $500k | 2.02% $500k - $1.5m
1.26%*$0$30kKa-Ching! Checking
OTHER TIERS: 0.20% $30k+
0.40%$0-1st Choice Club Checking
0.25%$0-Business Interest Checking
0.20%$0-Interest Checking

First National Bank (VA) CD Rates

4.81%$2.5k-182 Day CD
3.80%$500-1 Year CD
3.55%$500-15 Month CD
3.34%$500-18 Month 1st Choice Club CD
3.29%$500-18 Month CD
2.78%$500-2 Year CD
2.52%$500-2 1/2 Year CD
2.02%$500-1 Year No Penalty CD
2.02%$500-3 Year CD
1.76%$500-4 Year CD
1.51%$500-5 Year CD
0.10%$2.5k-91 Day CD

First National Bank (VA) IRA Rates

4.06%$100-12 Month Variable IRA
4.06%$100-1 Year Fixed IRA
4.06%$100-1 Year Fixed Roth IRA
3.29%$100-18 Month Variable IRA
3.29%$100-18 Month Variable Roth IRA
3.29%$100-18 Month CESA IRA
2.78%$100-2 Year Fixed IRA
2.02%$100-3 Year Fixed IRA
1.76%$100-4 Year Fixed IRA
1.51%$100-5 Year Fixed IRA
1.51%$100-5 Year Fixed Roth IRA


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