Select Bank (VA)


Overview / Commentary
434-455-1700
211 Gristmill Drive
Forest, VA 24551

Select Bank (VA) is headquartered in FOREST and is the 42nd largest bank in the state of Virginia. It is also the 1,874th largest bank in the nation. It was established in 2007 and as of September of 2023, it had grown to 54 employees at 6 locations. Select Bank (VA) has a B+ health rating.

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Health
B+

Health Grade Components

Overall
FDIC Certificate #58563
Year Established2007
Employees54
Primary RegulatorFED
Profit Margin
Return on Assets - YTD0.84%
Return on Equity - YTD12.21%
Annual Interest Income$16.2MM
Assets and Liabilities
AssetsQ3 2023vs Q3 2022$455.1MM$416MM
LoansQ3 2023vs Q3 2022$382.6MM$338.2MM
DepositsQ3 2023vs Q3 2022$422.1MM$385.9MM
Equity CapitalQ3 2023vs Q3 2022$31.1MM$28.8MM
Loan Loss AllowanceQ3 2023vs Q3 2022$3MM$2.1MM
Unbacked Noncurrent LoansQ3 2023vs Q3 2022$2.1MM$1.3MM
Real Estate OwnedQ3 2023vs Q3 2022$0$0
Rates
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Select Bank (VA) Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.30%*-$250kKasasa Saver
OTHER TIERS: 0.48% $250k+

Select Bank (VA) Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.50%*-$50kKasasa Cash Checking
OTHER TIERS: 0.25% $50k+
Locations


Select Bank (VA) Locations
Select Bank211 Gristmill DrForest, VA 24551
Timberlake Office Branch7113 Timberlake RoadLynchburg, VA 24502
Bedford Office Branch1387 American Way CourtBedford, VA 24523
Boonsboro Office Branch4925 Boonsboro RdLynchburg, VA 24503
Staunton Office Branch1111 Greenville AveStaunton, VA 24401
Huffman Mill Road Burlington Branch166 Huffman Mill RoadBurlington, NC 27215

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