Overview / Commentary
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.
Health
C
Data as of Q2 2019
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 | 5 |
| Primary Regulator | OCC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.52% |
| Return on Equity - YTD | 3.08% |
| Annual Interest Income | $756.00K |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2019vs Q2 2018 | $38.5MM$40.8MM |
| Loans | Q2 2019vs Q2 2018 | $20.5MM$22.0MM |
| Deposits | Q2 2019vs Q2 2018 | $31.8MM$34.3MM |
| Equity Capital | Q2 2019vs Q2 2018 | $6.7MM$6.4MM |
| Loan Loss Allowance | Q2 2019vs Q2 2018 | $230.00K$273.00K |
| Unbacked Noncurrent Loans | Q2 2019vs Q2 2018 | $1.6MM$2.6MM |
| Real Estate Owned | Q2 2019vs Q2 2018 | $866.00K$533.00K |
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 |
|---|---|---|---|---|
| 0.75% | $1k | - | Money Market Account |
Martinsville First Savings Bank CD Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 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
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 1.51% | $500 | - | 18 Month IRA |
Locations
| Martinsville First Savings Bank Locations | ||
|---|---|---|
| Martinsville First Savings Bank | 25 W Church Street | Martinsville, VA 24114 |