Select Bank (VA)


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

Select Bank (VA) is headquartered in Forest and is the 46th largest bank in the state of Virginia. It is also the 2,073rd largest bank in the nation. It was established in 2007 and as of December of 2021, it had grown to 55 employees at 6 locations. Select Bank (VA) has an A health rating.

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Health

Health Grade Components

Overall
FDIC Certificate #58563
Year Established2007
Employees55
Primary RegulatorFED
Profit Margin
Return on Assets - YTD0.64%
Return on Equity - YTD8.11%
Annual Interest Income$15.2MM
Assets and Liabilities
AssetsQ4 2021vs Q4 2020$396.1MM$329.5MM
LoansQ4 2021vs Q4 2020$294.2MM$288.6MM
DepositsQ4 2021vs Q4 2020$356.1MM$256.7MM
Equity CapitalQ4 2021vs Q4 2020$33.0MM$27.0MM
Loan Loss AllowanceQ4 2021vs Q4 2020$2.1MM$1.6MM
Unbacked Noncurrent LoansQ4 2021vs Q4 2020$1.9MM$2.0MM
Real Estate OwnedQ4 2021vs Q4 2020$35.00K$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
0.48%--Kasasa Saver

Select Bank (VA) Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.03%*-$50kKasasa Cash Checking
OTHER TIERS: 0.25% $50k+
Locations


Select Bank (VA) Locations
Select Bank211 Gristmill DriveForest, 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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