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Lee Bank and Trust Company


Overview / Commentary
www.leebank24.com
276-546-2211
41371 West Morgan Avenue
Pennington Gap, VA 24277

Lee Bank and Trust Company is headquartered in Pennington Gap and is the 60th largest bank in the state of Virginia. It is also the 3,310th largest bank in the nation. It was established in 1932 and as of June of 2020, it had grown to 45 employees at 4 locations. Lee Bank and Trust Company has an A+ health rating.

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Health
A+

Data as of Q2 2020

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Health Grade Components

Overall
FDIC Certificate #11582
Year Established1932
Employees45
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.16%
Return on Equity - YTD7.57%
Annual Interest Income$3.5MM
Assets and Liabilities
AssetsQ2 2020vs Q2 2019$164.5MM$149.8MM
LoansQ2 2020vs Q2 2019$115.4MM$110.9MM
DepositsQ2 2020vs Q2 2019$128.9MM$122.7MM
Equity CapitalQ2 2020vs Q2 2019$24.0MM$23.1MM
Loan Loss AllowanceQ2 2020vs Q2 2019$1.6MM$1.7MM
Unbacked Noncurrent LoansQ2 2020vs Q2 2019$1.0MM$1.0MM
Real Estate OwnedQ2 2020vs Q2 2019$846.00K$1.9MM
Rates
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Lee Bank and Trust Company Savings Account Rates

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

Lee Bank and Trust Company Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.15%--Insured Money Fund Account

Lee Bank and Trust Company Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.53%-$10kFree Kasasa Cash Checking
0.10%--Personal NOW Account
0.10%--Business NOW Account

Lee Bank and Trust Company CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.10%$500-7- 29 Days CD
Locations


Lee Bank and Trust Company Locations
Abingdon Branch17510 Lee HighwayAbingdon, VA 24210
Jonesville Branch32739 Main StreetJonesville, VA 24263
Lee Bank and Trust Company41371 West Morgan AvenuePennington Gap, VA 24277
Bristol Branch707 Gate City HighwayBristol, VA 24201

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