Select Bank (VA)


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

Select Bank (VA) is headquartered in FOREST and is the 41st largest bank in the state of Virginia. It is also the 1,880th largest bank in the nation. It was established in 2007 and as of March of 2024, 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 - YTD0.62%
Return on Equity - YTD8.52%
Annual Interest Income$6.4MM
Assets and Liabilities
AssetsQ1 2024vs Q1 2023$461.4MM$455.4MM
LoansQ1 2024vs Q1 2023$384.3MM$368.7MM
DepositsQ1 2024vs Q1 2023$425.8MM$421.9MM
Equity CapitalQ1 2024vs Q1 2023$33.9MM$31.6MM
Loan Loss AllowanceQ1 2024vs Q1 2023$3.3MM$3MM
Unbacked Noncurrent LoansQ1 2024vs Q1 2023$1.6MM$592K
Real Estate OwnedQ1 2024vs Q1 2023$234K$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%*$0$250kKasasa Saver
OTHER TIERS: 0.48% $250k+

Select Bank (VA) Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.50%*$0$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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