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Select Bank (VA)


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

Select Bank (VA) is headquartered in FOREST and is the 43rd largest bank in the state of Virginia. It is also the 1,871st largest bank in the nation. It was established in 2007 and as of March of 2023, it had grown to 52 employees at 6 locations. Select Bank (VA) has an A health rating.

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Health
A

Data as of Q1 2023

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Health Grade Components

Overall
FDIC Certificate #58563
Year Established2007
Employees52
Primary RegulatorFED
Profit Margin
Return on Assets - YTD0.88%
Return on Equity - YTD12.88%
Annual Interest Income$4.8MM
Assets and Liabilities
AssetsQ1 2023vs Q1 2022$455.4MM$393.2MM
LoansQ1 2023vs Q1 2022$368.7MM$299.4MM
DepositsQ1 2023vs Q1 2022$421.9MM$361.7MM
Equity CapitalQ1 2023vs Q1 2022$31.6MM$30.5MM
Loan Loss AllowanceQ1 2023vs Q1 2022$3.0MM$2.1MM
Unbacked Noncurrent LoansQ1 2023vs Q1 2022$592.00K$1.6MM
Real Estate OwnedQ1 2023vs Q1 2022$0$35.00K
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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