Martinsville First Savings Bank

Overview / Commentary
25 W Church Street
Martinsville, VA 24114

Martinsville First Savings Bank is headquartered in Martinsville and is the 72nd largest bank in the state of Virginia. It is also the 5,022nd largest bank in the nation. It was established in 1924 and as of June of 2019, it had grown to 5 employees at 1 location. Martinsville First Savings Bank's money market rates are 70% higher than the national average, but it has a C health rating.


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Additional Factors: Institutions with a small asset base, a short operating history, or negative return on equity can represent an instability risk beyond what their financial ratios indicate. Martinsville First Savings Bank has a low asset base.

Health Grade Components

FDIC Certificate #29685
Year Established1924
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD0.52%
Return on Equity - YTD3.08%
Annual Interest Income$756.00K
Assets and Liabilities
AssetsQ2 2019vs Q2 2018$38.5MM$40.8MM
LoansQ2 2019vs Q2 2018$20.5MM$22.0MM
DepositsQ2 2019vs Q2 2018$31.8MM$34.3MM
Equity CapitalQ2 2019vs Q2 2018$6.7MM$6.4MM
Loan Loss AllowanceQ2 2019vs Q2 2018$230.00K$273.00K
Unbacked Noncurrent LoansQ2 2019vs Q2 2018$1.6MM$2.6MM
Real Estate OwnedQ2 2019vs Q2 2018$866.00K$533.00K
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Martinsville First Savings Bank Savings Account Rates

0.40%$50-Passbook Savings Account
0.40%$50-Christmas Club Account

Martinsville First Savings Bank Money Market Rates

0.75%$1k-Money Market Account

Martinsville First Savings Bank CD Rates

2.57%$500-5 Year CD
2.02%$500-4 Year CD
1.76%$500-3 Year CD
1.51%$500-2 Year CD
1.26%$500-1 Year CD
0.90%$500-6 Month CD

Martinsville First Savings Bank IRA Rates

1.51%$500-18 Month IRA

Martinsville First Savings Bank Locations
Martinsville First Savings Bank25 W Church StreetMartinsville, VA 24114

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