Select Bank (VA) is headquartered in Forest and is the 48th largest bank in the state of Virginia. It is also the 2,246th largest bank in the nation. It was established in 2007 and as of December of 2020, it had grown to 45 employees at 5 locations. Select Bank (VA) has a B+ health rating.
Overall | |
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FDIC Certificate # | 58563 |
Year Established | 2007 |
Employees | 45 |
Primary Regulator | FED |
Profit Margin | |
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Return on Assets - YTD | 0.61% |
Return on Equity - YTD | 7.26% |
Annual Interest Income | $12.4MM |
Assets and Liabilities | ||
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Assets | Q4 2020vs Q4 2019 | $329.5MM$255.3MM |
Loans | Q4 2020vs Q4 2019 | $288.6MM$224.2MM |
Deposits | Q4 2020vs Q4 2019 | $256.7MM$220.1MM |
Equity Capital | Q4 2020vs Q4 2019 | $27.0MM$24.0MM |
Loan Loss Allowance | Q4 2020vs Q4 2019 | $1.6MM$1.2MM |
Unbacked Noncurrent Loans | Q4 2020vs Q4 2019 | $2.0MM$1.1MM |
Real Estate Owned | Q4 2020vs Q4 2019 | $35.00K$35.00K |
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
---|---|---|---|---|---|
1.05%* | - | $250k | Kasasa Saver | ||
OTHER TIERS: 0.25% → $250k+ |
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
---|---|---|---|---|---|
2.01%* | - | $50k | Kasasa Cash Checking | ||
OTHER TIERS: 0.25% → $50k+ |
Select Bank (VA) Locations | ||
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Select Bank | 211 Gristmill Drive | Forest, VA 24551 |
Timberlake Office Branch | 7113 Timberlake Road | Lynchburg, VA 24502 |
Bedford Office Branch | 1387 American Way Court | Bedford, VA 24523 |
Boonsboro Office Branch | 4925 Boonsboro Rd | Lynchburg, VA 24503 |
Staunton Office Branch | 1111 Greenville Ave | Staunton, VA 24401 |