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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 49th largest bank in the state of Virginia. It is also the 2,734th largest bank in the nation. It was established in 1932 and as of March of 2023, it had grown to 44 employees at 4 locations. Lee Bank and Trust Company has an A+ health rating.

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Health
A+

Data as of Q1 2023

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Health Grade Components

Overall
FDIC Certificate #11582
Year Established1932
Employees44
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.01%
Return on Equity - YTD9.69%
Annual Interest Income$2.8MM
Assets and Liabilities
AssetsQ1 2023vs Q1 2022$251.0MM$181.3MM
LoansQ1 2023vs Q1 2022$128.9MM$121.0MM
DepositsQ1 2023vs Q1 2022$223.6MM$154.9MM
Equity CapitalQ1 2023vs Q1 2022$26.8MM$24.9MM
Loan Loss AllowanceQ1 2023vs Q1 2022$2.3MM$2.1MM
Unbacked Noncurrent LoansQ1 2023vs Q1 2022$887.00K$1.2MM
Real Estate OwnedQ1 2023vs Q1 2022$359.00K$725.00K
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 W Morgan AvePennington Gap, VA 24277
Bristol Branch743 Gate City HwyBristol, VA 24201

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