Essex Bank

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Deposit Rates - September 21, 2021

Overview 2021

General Bank Information

FDIC Insured Yes
FDIC Certificate # 8675
Date Established 1926
Assets $ 1,698.66 million
Loans $ 1,214.20 million
Deposits $ 1,439.74 million
Capital $ 175.99 million

Summary Balance Sheet

ASSETS
Cash & Balances due from depository institutions $ 95.17 million
Interest-bearing balances $ 74.34 million
Total securities $ 293.40 million
Federal funds sold and reverse repurchase $ 0.23 million
Net loans and leases $ 1,214.20 million
Loan loss allowance $ 10.98 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 4.31 million
Goodwill and other intangibles N.A.
All other assets $ 56.96 million
     Total Assets $ 1,522.67 million

LIABILITIES
Total deposits $ 1,439.74 million
      Interest-bearing deposits $ 1,105.39 million
      Deposits held in domestic offices $ 1,439.74 million
      % insured (estimated) 71.17%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 67.67 million
Subordinated debt N.A.
All other liabilities $ 15.26 millionn
      Total Liabilities $ 1,522.67 million
      Shareholders’ Equity $ 175.99 million

Summary Income Statement

INCOME AND EXPENSES
Total Interest Income $ 15.86 million
Total Interest Expense $ 1.75 million
Net interest income $ 14.11 million
Provision for loan and lease losses N.A.
Total non interest income $ 1.82 million
Total non interest expense $ 8.81 million
Pre-tax Net Operating Income $ 8.52 million

Essex Bank is an FDIC insured institution headquartered at 9954 Mayland Drive, Richmond, VA 23233.
It was founded in 1926 and has approximately $2 billion in assets. Customers can open an account at one of its 26 branches.

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