Sonabank is headquartered in Tappahannock and is the 11th largest bank in the state of Virginia. It is also the 349th largest bank in the nation. It was established in 2005 and as of December of 2020, it had grown to 372 employees at 45 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.
Overall | |
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FDIC Certificate # | 57968 |
Year Established | 2005 |
Employees | 372 |
Primary Regulator | FED |
Profit Margin | |
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Return on Assets - YTD | 0.92% |
Return on Equity - YTD | 6.33% |
Annual Interest Income | $117.8MM |
Assets and Liabilities | ||
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Assets | Q4 2020vs Q4 2019 | $3.09B$2.72B |
Loans | Q4 2020vs Q4 2019 | $2.40B$2.18B |
Deposits | Q4 2020vs Q4 2019 | $2.49B$2.13B |
Equity Capital | Q4 2020vs Q4 2019 | $445.8MM$423.3MM |
Loan Loss Allowance | Q4 2020vs Q4 2019 | $36.3MM$10.3MM |
Unbacked Noncurrent Loans | Q4 2020vs Q4 2019 | $11.6MM$4.6MM |
Real Estate Owned | Q4 2020vs Q4 2019 | $3.1MM$6.2MM |
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
---|---|---|---|---|---|
0.75%* | - | $50k | Kasasa Saver | ||
OTHER TIERS: 0.25% → $50k+ | |||||
0.10% | - | - | Statement Savings | ||
0.10% | - | - | Business Statement Savings |
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
---|---|---|---|---|---|
0.50%* | $250k* | - | Business Money Market | ||
OTHER TIERS: 0.15% → Up to $25k | 0.25% → $25k - $100k | 0.35% → $100k - $250k |