Essex Bank

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Essex Bank Locations

Deposit Rates - May 8, 2021

Overview 2021

General Bank Information

FDIC Insured Yes
FDIC Certificate # 8675
Date Established 1926
Assets $ 1,644.59 million
Loans $ 1,193.91 million
Deposits $ 1,399.91 million
Capital $ 172.40 million

Summary Balance Sheet

ASSETS
Cash & Balances due from depository institutions $ 62.96 million
Interest-bearing balances $ 45.12 million
Total securities $ 292.52 million
Federal funds sold and reverse repurchase $ 0.22 million
Net loans and leases $ 1,193.91 million
Loan loss allowance $ 12.50 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 4.36 million
Goodwill and other intangibles N.A.
All other assets $ 55.69 million
     Total Assets $ 1,472.19 million

LIABILITIES
Total deposits $ 1,399.91 million
      Interest-bearing deposits $ 1,099.80 million
      Deposits held in domestic offices $ 1,399.91 million
      % insured (estimated) 70.97%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 57.83 million
Subordinated debt N.A.
All other liabilities $ 14.45 millionn
      Total Liabilities $ 1,472.19 million
      Shareholders’ Equity $ 172.40 million

Summary Income Statement

INCOME AND EXPENSES
Total Interest Income $ 63.62 million
Total Interest Expense $ 12.14 million
Net interest income $ 51.48 million
Provision for loan and lease losses $ 4.20 million
Total non interest income $ 6.34 million
Total non interest expense $ 33.88 million
Pre-tax Net Operating Income $ 19.74 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.