Overview / Commentary
The Blue Grass Valley Bank is headquartered in Blue Grass and is the 71st largest bank in the state of Virginia. It is also the 4,954th largest bank in the nation. It was established in 1915 and as of June of 2019, it had grown to 12 employees at 2 locations. The Blue Grass Valley Bank's money market rates are 2X the national average, and it has a C+ health rating.
Health
C+
Data as of Q2 2019
Learn why bank health mattersAdditional Factors: Institutions with a small asset base, a short operating history, or negative return on equity can represent an instability risk beyond what their financial ratios indicate. The Blue Grass Valley Bank has a low asset base.
Health Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 8672 |
| Year Established | 1915 |
| Employees | 12 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.69% |
| Return on Equity - YTD | 6.3% |
| Annual Interest Income | $925.00K |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2019vs Q2 2018 | $43.7MM$46.9MM |
| Loans | Q2 2019vs Q2 2018 | $27.9MM$28.8MM |
| Deposits | Q2 2019vs Q2 2018 | $38.5MM$42.0MM |
| Equity Capital | Q2 2019vs Q2 2018 | $5.0MM$4.8MM |
| Loan Loss Allowance | Q2 2019vs Q2 2018 | $472.00K$564.00K |
| Unbacked Noncurrent Loans | Q2 2019vs Q2 2018 | $1.2MM$1.6MM |
| Real Estate Owned | Q2 2019vs Q2 2018 | $324.00K$269.00K |
Rates
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.
The Blue Grass Valley Bank Savings Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 1.15% | $100 | - | Individual Retirement Account | |
| 0.50% | $1 | - | Christmas Club Account | |
| 0.15% | $50 | - | Savings Account |
The Blue Grass Valley Bank Money Market Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 0.95%* | $125k* | - | Money Market Account | ||
| OTHER TIERS: 0.15% → $500 - $2.5k | 0.30% → $2.5k - $10k | 0.40% → $10k - $50k | 0.65% → $50k - $125k | |||||
The Blue Grass Valley Bank Checking Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 0.15%* | $15k* | - | Investor's Checking Account | ||
| OTHER TIERS: 0.05% → $1k - $7.5k | 0.10% → $7.5k - $15k | |||||
The Blue Grass Valley Bank CD Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 1.56% | $500 | - | 60 Month CD | |
| 1.51% | $500 | - | 36 Month CD | |
| 1.40% | $1k | - | 30 Month CD | |
| 1.35% | $1k | - | 24 Month CD | |
| 1.20% | $1k | - | 18 Month CD | |
| 1.15% | $1k | - | 12 Month CD | |
| 0.80% | $2.5k | - | 182 Day CD |
Locations
| The Blue Grass Valley Bank Locations | ||
|---|---|---|
| The Blue Grass Valley Bank | 2583 Blue Grass Valley Road | Blue Grass, VA 24413 |
| Monterey Branch | East Main Street | Monterey, VA 24465 |