Sonabank is headquartered in Glen Allen and is the 12th largest bank in the state of Virginia. It is also the 343rd largest bank in the nation. It was established in 2005 and as of September of 2018, it had grown to 368 employees at 47 locations. Sonabank has an A health rating.
This bank is probably ripe for an audit from state and federal regulators, the FBI and the IRS. The problems I have had with them are serious and their arrogance is alarming. I am of the opinion that they do not play by the rules and I hope that some agency notices - sooner rather than later.
|FDIC Certificate #||57968|
|Return on Assets - YTD||1.42%|
|Return on Equity - YTD||10.03%|
|Annual Interest Income||$87.6MM|
|Assets and Liabilities|
|Assets||Q3 2018vs Q3 2017||$2.71B$2.60B|
|Loans||Q3 2018vs Q3 2017||$2.15B$2.03B|
|Deposits||Q3 2018vs Q3 2017||$2.03B$1.91B|
|Equity Capital||Q3 2018vs Q3 2017||$388.6MM$371.5MM|
|Loan Loss Allowance||Q3 2018vs Q3 2017||$11.5MM$9.3MM|
|Unbacked Noncurrent Loans||Q3 2018vs Q3 2017||$757.00K$11.3MM|
|Real Estate Owned||Q3 2018vs Q3 2017||$0$8.1MM|
Rates for Sonabank are currently being reviewed.