Martinsville First Savings Bank
LOCATIONS
1
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HEALTH RATING
C
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CURRENT TOP RATE
2.27% APY
5 Year CD
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Popular Accounts at this Bank
| APY | ACCOUNT TYPE | ACCOUNT NAME |
|---|---|---|
| 2.27% | 5-year CD | 5 Year CD 2.50% - Ally Bank High Yield 5 Year CD |
| 0.95% | 1-year CD | 1 Year CD |
| 0.40% | Savings | Passbook Savings Account |
Overview / Commentary
Martinsville First Savings Bank is headquartered in Martinsville and is the 77th largest bank in the state of Virginia. It is also the 5,311th largest bank in the nation. It was established in 1924 and as of December of 2017, it had grown to 6 employees at 1 location. Martinsville First Savings Bank's money market rates are 25% higher than the national average, but it has a C health rating.
Health
C
Data as of Q4 2017
Learn why bank health mattersAdditional 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
| Overall | |
|---|---|
| FDIC Certificate # | 29685 |
| Year Established | 1924 |
| Employees | 6 |
| Primary Regulator | OCC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.42% |
| Return on Equity - YTD | 2.86% |
| Annual Interest Income | $1.6MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2017vs Q4 2016 | $41.6MM$43.4MM |
| Loans | Q4 2017vs Q4 2016 | $22.2MM$22.1MM |
| Deposits | Q4 2017vs Q4 2016 | $35.1MM$37.1MM |
| Equity Capital | Q4 2017vs Q4 2016 | $6.4MM$6.2MM |
| Loan Loss Allowance | Q4 2017vs Q4 2016 | $206.00K$219.00K |
| Unbacked Noncurrent Loans | Q4 2017vs Q4 2016 | $2.2MM$1.8MM |
| Real Estate Owned | Q4 2017vs Q4 2016 | $751.00K$762.00K |
Rates
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Martinsville First Savings Bank Savings Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.40% | $50 | - | Passbook Savings Account | |
| 0.40% | $50 | - | Christmas Club Account |
Martinsville First Savings Bank Money Market Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.55% | $1k | - | Money Market Account |
Martinsville First Savings Bank CD Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 2.27% | $500 | - | 5 Year CD | |
| 1.66% | $500 | - | 4 Year CD | |
| 1.51% | $500 | - | 3 Year CD | |
| 1.26% | $500 | - | 2 Year CD | |
| 0.95% | $500 | - | 1 Year CD | |
| 0.70% | $500 | - | 6 Month CD |
Martinsville First Savings Bank IRA Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 1.26% | $500 | - | 18 Month IRA |
Locations
| Martinsville First Savings Bank Locations | ||
|---|---|---|
| Martinsville First Savings Bank | 25 W Church Street | Martinsville, VA 24114 |