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 61st largest bank in the state of Virginia. It is also the 3,361st largest bank in the nation. It was established in 1932 and as of June of 2019, it had grown to 44 employees at 4 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 - YTD0.82%
Return on Equity - YTD5.4%
Annual Interest Income$3.5MM
Assets and Liabilities
AssetsQ2 2019vs Q2 2018$149.8MM$148.6MM
LoansQ2 2019vs Q2 2018$110.9MM$115.2MM
DepositsQ2 2019vs Q2 2018$122.7MM$123.8MM
Equity CapitalQ2 2019vs Q2 2018$23.1MM$21.9MM
Loan Loss AllowanceQ2 2019vs Q2 2018$1.7MM$1.8MM
Unbacked Noncurrent LoansQ2 2019vs Q2 2018$1.0MM$1.3MM
Real Estate OwnedQ2 2019vs Q2 2018$1.9MM$2.0MM
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Lee Bank and Trust Company Savings Account Rates

0.50%-$10kKasasa Saver
0.10%--Passbook/Statement Savings

Lee Bank and Trust Company Money Market Rates

0.15%--Insured Money Fund Account

Lee Bank and Trust Company Checking Account Rates

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

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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