Blue Ridge Bank, National Association
Blue Ridge Bank, National Association is an FDIC insured institution headquartered at
1 E Market St, Martinsville, VA 24112.
It was founded in
2000 and has approximately $3 billion in
assets. Customers can open an account at one of its 9 branches.
Deposit Rates - March 19, 2024
SAVINGS RATES | APY | MIN | |
---|---|---|---|
Savings
|
0.03% | $2,500 | Compare |
CD RATES | APY | MIN | |
---|---|---|---|
6 Mo CD
|
0.20% | $10,000 | Compare |
6 Mo CD
|
0.20% | $100,000 | Compare |
12 Mo CD
|
0.30% | $10,000 | Compare |
12 Mo CD
|
0.30% | $100,000 | Compare |
18 Mo CD
|
0.35% | $10,000 | Compare |
18 Mo CD
|
0.35% | $100,000 | Compare |
24 Mo CD
|
0.50% | $10,000 | Compare |
24 Mo CD
|
0.50% | $100,000 | Compare |
30 Mo CD
|
0.50% | $10,000 | Compare |
30 Mo CD
|
0.50% | $100,000 | Compare |
36 Mo CD
|
0.50% | $10,000 | Compare |
36 Mo CD
|
0.50% | $100,000 | Compare |
48 Mo CD
|
0.50% | $10,000 | Compare |
48 Mo CD
|
0.50% | $100,000 | Compare |
60 Mo CD
|
0.50% | $10,000 | Compare |
60 Mo CD
|
0.50% | $100,000 | Compare |
MM RATES | APY | MIN | |
---|---|---|---|
Money Market
|
0.01% | $2,500 | Compare |
Money Market
|
0.01% | $10,000 | Compare |
Money Market
|
0.05% | $25,000 | Compare |
INT CHECKING RATES | APY | MIN |
---|---|---|
Special:
|
0.20% | $100 |
Special:
|
1.00% | $100 |
Special:
|
0.05% | $100,001 |
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Overview 2024
General Bank Information
FDIC Insured | Yes |
FDIC Certificate | # 35274 |
Date Established | 2000 |
Assets | $ 3.23 billion |
Loans | $ 2.47 billion |
Deposits | $ 2.78 billion |
Capital | $ 196.39 million |
Summary Balance Sheet as of June 30, 2023
ASSETS | |
Cash & Balances due from depository institutions | $ 238.26 million |
Interest-bearing balances | $ 227.37 million |
Total securities | $ 314.15 million |
Federal funds sold and reverse repurchase | $ 2.58 million |
Net loans and leases | $ 2.47 billion |
Loan loss allowance | $ 49.63 million |
Trading account assets | N.A. |
Bank premises and fixed assets | N.A. |
Other real estate owned | N.A. |
Goodwill and other intangibles | $ 34.66 million |
All other assets | $ 98.84 million |
Total Assets | $ 3.03 billion |
LIABILITIES | |
Total deposits | $ 2.78 billion |
Interest-bearing deposits | $ 2.20 billion |
Deposits held in domestic offices | $ 2.78 billion |
% insured (estimated) | 68.90% |
Federal funds purchased and repurchase agreements | N.A. |
Trading liabilities | N.A. |
Other borrowed funds | $ 142.60 million |
Subordinated debt | N.A. |
All other liabilities | $ 16.11 millionn |
Total Liabilities | $ 3.03 billion |
Shareholders’ Equity | $ 196.39 million |
Summary Income Statement as of June 30, 2023
INCOME AND EXPENSES | |
Total Interest Income | $ 125.82 million |
Total Interest Expense | $ 52.89 million |
Net interest income | $ 72.93 million |
Provision for loan and lease losses | $ 19.55 million |
Total non interest income | $ 24.25 million |
Total non interest expense | $ 116.07 million |
Pre-tax Net Operating Income | $ 16.20 million |
Customer Reviews for Blue Ridge Bank, National Association
Branches
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Savings Comparison
This analysis is for demonstrative purposes only. Savings rates may go up or down, and CD rates may not be renewable for the length of the term of the analysis.
PRODUCT
BANK
BANK TYPE
STATE
AMOUNT
TERM
APY
VS.NATL'L AV.
MIN
MILES
Tax Rate: 30%
All calculations are for demonstration purposes only.
- 1LOCAL CDBankVIRGINIA$50,0006 Month0.20%0.51x (National Avg. - 0.40%)$10,000-SCENARIO
Year Rate
0.20%Annual
InterestAnnual Interest
(After Tax)1 50,000 100 70 2 50,100 100 70 3 50,200 100 70 4 50,301 101 70 5 50,401 101 71 6 50,502 101 71 7 50,603 101 71 8 50,704 101 71 9 50,806 102 71 10 50,907 102 71 11 51,009 102 71 12 51,111 102 72 13 51,213 102 72 14 51,316 103 72 15 51,418 103 72 16 51,521 103 72 17 51,624 103 72 18 51,727 103 72 19 51,831 104 73 20 51,935 104 73 TOTAL $2,038 $1,427 - 2LOCAL CDOnline Bank-$50,0006 Month5.15%13.01x (National Avg. - 0.40%)$1,000-SCENARIO
Year Rate
5.15%Annual
InterestAnnual Interest
(After Tax)1 50,000 2,575 1,803 2 52,575 2,708 1,895 3 55,283 2,847 1,993 4 58,130 2,994 2,096 5 61,123 3,148 2,203 6 64,271 3,310 2,317 7 67,581 3,480 2,436 8 71,062 3,660 2,562 9 74,721 3,848 2,694 10 78,569 4,046 2,832 11 82,616 4,255 2,978 12 86,870 4,474 3,132 13 91,344 4,704 3,293 14 96,049 4,946 3,463 15 100,995 5,201 3,641 16 106,196 5,469 3,828 17 111,665 5,751 4,026 18 117,416 6,047 4,233 19 123,463 6,358 4,451 20 129,821 6,686 4,680 TOTAL $86,507 $60,555 - 3LOCAL CDOnline Bank-$50,00012 Month5.20%9.42x (National Avg. - 0.55%)$1,000-SCENARIO
Year Rate
5.20%Annual
InterestAnnual Interest
(After Tax)1 50,000 2,600 1,820 2 52,600 2,735 1,915 3 55,335 2,877 2,014 4 58,213 3,027 2,119 5 61,240 3,184 2,229 6 64,424 3,350 2,345 7 67,774 3,524 2,467 8 71,298 3,708 2,595 9 75,006 3,900 2,730 10 78,906 4,103 2,872 11 83,009 4,316 3,022 12 87,326 4,541 3,179 13 91,867 4,777 3,344 14 96,644 5,025 3,518 15 101,669 5,287 3,701 16 106,956 5,562 3,893 17 112,518 5,851 4,096 18 118,369 6,155 4,309 19 124,524 6,475 4,533 20 130,999 6,812 4,768 TOTAL $87,811 $61,468
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