Lee Bank and Trust Company

Overview / Commentary
41371 West Morgan Avenue
Pennington Gap, VA 24277

Lee Bank and Trust Company is headquartered in PENNINGTON GAP and is the 47th largest bank in the state of Virginia. It is also the 2,730th largest bank in the nation. It was established in 1932 and as of March of 2024, it had grown to 43 employees at 3 locations. Lee Bank and Trust Company has an A health rating.


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Health Grade Components

FDIC Certificate #11582
Year Established1932
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1%
Return on Equity - YTD8.72%
Annual Interest Income$3.5MM
Assets and Liabilities
AssetsQ1 2024vs Q1 2023$251MM$251MM
LoansQ1 2024vs Q1 2023$126MM$128.9MM
DepositsQ1 2024vs Q1 2023$219.5MM$223.6MM
Equity CapitalQ1 2024vs Q1 2023$28.9MM$26.8MM
Loan Loss AllowanceQ1 2024vs Q1 2023$2.7MM$2.3MM
Unbacked Noncurrent LoansQ1 2024vs Q1 2023$875K$887K
Real Estate OwnedQ1 2024vs Q1 2023$81K$359K
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Lee Bank and Trust Company Savings Account Rates

0.50%$0$10kKasasa Saver
0.15%$0-Christmas Club Account
0.10%$0-Passbook/Statement Savings
0.10%$0-Business Savings

Lee Bank and Trust Company Money Market Rates

0.15%$0-Insured Money Fund Account

Lee Bank and Trust Company Checking Account Rates

2.53%$0$10kFree Kasasa Cash Checking
0.10%$0-Personal NOW Account
0.10%$0-Business NOW Account

Lee Bank and Trust Company CD Rates

0.10%$500-7- 29 Days CD

Lee Bank and Trust Company Locations
Abingdon Branch17510 Lee HighwayAbingdon, VA 24210
Jonesville Branch32739 Main StreetJonesville, VA 24263
Lee Bank and Trust Company41371 W Morgan AvePennington Gap, VA 24277
Bristol Branch743 Gate City HwyBristol, VA 24201

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