The catalogue › United States › Southeast › Virginia
The state note · prepared 3 November 2026

Virginia

56 banks and 95 credit unions read from their latest filings, every institution ranked against the rest of the state.

Small-business lending ↓

Banks

56 banks filing · read from the 30 June 2026 Call Report
56
banks filing
$1.00T in assets
+5.0%
Loans, year over year
median; 10 above 10%, 12 shrinking
31.8%
CRE / loans
median
85.7%
Loans / deposits
median
0.41%
NPA / loans
median
10.9%
Equity / assets
median

Virginia's 56 banks hold $1.00T in assets at 30 June 2026. Capital One National Association is the largest at $662B, and the five largest hold 93% of the total; 29 institutions are above $1B, holding $991B.

Loans grew a median +5.0% in the year to 30 June 2026: 10 institutions grew faster than 10% and 12 shrank. The median bank lends 86% of its deposits and holds commercial real estate at 31.8% of loans. Nonperforming loans sit at a median 0.41% of the book, return on assets at 1.22%, and equity at 10.9% of assets.

20 of the 56 are in the catalogue, each read from its own filing beside the banks its size in the state: Capital One National Association, HSBC Bank USA National Association, Atlantic Union Bank, United Bank, Townebank, Burke & Herbert Bank & Trust Co., Carter Bank & Trust, Primis Bank, First Bank & Trust Co., First Community Bank, Citizens & Farmers Bank, John Marshall Bank, Fvcbank, Blue Ridge Bank N.A., Mainstreet Bank, Chain Bridge Bank N.A., First Bank, Oak View National Bank, New Peoples Bank Inc, Bank of Botetourt.

Who holds the state's assetseach institution's share of the $1.00T the state's 56 hold; the largest first, amber in the catalogue
Capital One National Association: 66.1%CO66%HSBC Bank USA National Association: 17.3%HB17%Atlantic Union Bank: 3.8%AUUnited Bank: 3.4%UBTownebank: 2.3%Burke & Herbert Bank & Trust Co.: 1.1%Carter Bank & Trust: 0.5%Primis Bank: 0.4%First Bank & Trust Co.: 0.4%First Community Bank: 0.4%46 others 4%COCapital One National …66.1%HBHSBC Bank USA Nationa…17.3%AUAtlantic Union Bank3.8%UBUnited Bank3.4%TTownebank2.3%BHBurke & Herbert Bank …1.1%CBCarter Bank & Trust0.5%PBPrimis Bank0.4%FBFirst Bank & Trust Co.0.4%FCFirst Community Bank0.4%

Capital One National Association holds 66.1% of the state's bank assets; the five largest hold 93%, and 29 of the 56 are above $1B.

How concentrated that iscumulative share of assets against the share of institutions, largest first; the Gini from the drawn curve
0%0%25%25%50%50%75%75%100%100%equal sharesThe largestCapital One National Asso…: 66% of the totalThe five largest93% of the totalThe ten largest96% of the totalGINI0.90 = equal shares · 1 = one holds everythingshare of institutions, largest first →↑ share of the total

The curve's distance from the diagonal is the concentration: 93% of the assets in 9% of the institutions. A Gini near zero would mean equal shares; one would mean a single holder.

What the state's banks lendthe loan book of every bank in the state, summed by category as filed
Credit card39.5%$251BAuto14.5%$92.0BCommercial & industrial11.6%$73.5BOther loans and leases8.7%$55.3BNonfarm nonresidential, non-owner-occupied7.3%$46.5B1-4 family residential, closed-end7.0%$44.6BNonfarm nonresidential, owner-occupied2.7%$17.1BMultifamily2.6%$16.6BConstruction & land2.0%$12.7BConsumer, other1.6%$10.0BStates & municipalities1.4%$8.9BHome equity lines0.7%$4.5BFarmland0.2%$1.4BAgricultural production0.1%$612M

Credit card is the largest category at 39.5% of the state's $635B in loans, then Auto at 14.5% and Commercial & industrial at 11.6%.

Loans, year over yearVirginia banks, 30 June 2026 against a year earlier · no better direction, largest first · the 25 highest of 56 · amber, in the catalogue
state median +5.0% NH New Horizon Bank N.A. +68.5% TB Trupoint Bank +50.6% BH Burke & Herbert Bank & Trust Co. +43.1% T Townebank +22.9% CB Chesapeake Bank +18.5% TB Trustar Bank +17.2% OV Oak View National Bank +17.0% PB Primis Bank +13.6% LB Legacy Bank +12.8% Bo Bank of Botetourt +10.2% Bo Bank of Marion +10.0% FB Farmers Bank of Appomattox +9.6% FM Farmers & Merchants Bank +9.0% MB Mainstreet Bank +9.0% FM Farmers & Merchants Bank Craig C +8.6% PB Pioneer Bank +8.6% LB Locus Bank Inc +8.4% OD Old Dominion National Bank +8.2% SN Skyline National Bank +7.9% BC Benchmark Community Bank +7.3% FB First Bank & Trust Co. +6.1% FM Farmers & Miners Bank +6.1% CF Citizens & Farmers Bank +6.0% Bo Bank of the James +5.9% PV Powell Valley National Bank +5.8%

New Horizon Bank N.A. grew fastest at +68.5%; 10 grew faster than 10% and 12 shrank, Highlands Community Bank the most at -13.4%. The median is +5.0%.

Commercial real estate, share of loansVirginia banks, 30 June 2026 · construction, multifamily and non-owner-occupied nonresidential; listed largest first · the 25 highest of 56 · amber, in the catalogue
state median 31.8% CB Carter Bank & Trust 65.9% CB Community Bankers Bank 64.7% MB Mainstreet Bank 58.9% BH Burke & Herbert Bank & Trust Co. 54.4% JM John Marshall Bank 54.1% TB Trustar Bank 52.8% LB Locus Bank Inc 49.8% IB Integrity Bank for Business 49.1% UB United Bank 48.1% OD Old Dominion National Bank 47.4% F Fvcbank 46.2% LB Legacy Bank 45.1% NH New Horizon Bank N.A. 44.6% CB Chesapeake Bank 42.3% CF Citizens & Farmers Bank 41.9% T Townebank 41.8% VN Virginia National Bank 41.2% BC Benchmark Community Bank 41.0% AU Atlantic Union Bank 40.4% FB First Bank 40.0% BR Blue Ridge Bank N.A. 39.6% NB National Bank of Blacksburg 39.4% Bo Bank of the James 35.7% MB Movement Bank 35.3% TB Trupoint Bank 34.2%

Carter Bank & Trust is the most CRE-weighted at 65.9% of loans; 19 of the 56 are above 40%, against a median of 31.8%.

Commercial real estate against capital, the 300% screenVirginia banks, 30 June 2026 · the 2006 interagency guidance's screen; total risk-based capital where filed, Tier 1 for a CBLR filer; listed largest first · the 25 highest of 56 · amber, in the catalogue
state median 198% 300% screen TB Trustar Bank 422% CB Carter Bank & Trust 395% MB Mainstreet Bank 379% JM John Marshall Bank 337% BH Burke & Herbert Bank & Trust Co. 335% BC Benchmark Community Bank 321% OD Old Dominion National Bank 312% UB United Bank 299% SB Select Bank 298% CB Community Bankers Bank 286% F Fvcbank 284% FB First Bank 283% SN Skyline National Bank 277% CF Citizens & Farmers Bank 267% AU Atlantic Union Bank 264% NH New Horizon Bank N.A. 264% BR Blue Ridge Bank N.A. 255% CB Cornerstone Bank 251% T Townebank 249% FB First Bank & Trust Co. 240% Bo Bank of the James 236% CB Chesapeake Bank 226% VN Virginia National Bank 226% TB Trupoint Bank 218% Bo Bank of Botetourt 209%

7 of the 56 banks sit above the 300% screen, Trustar Bank the highest at 422% of capital; the median is 198%. Crossing the screen is not a violation; it is the level at which examiners expect the risk-management practices the guidance describes.

Construction and land development against capital, the 100% screenVirginia banks, 30 June 2026 · the guidance's first prong; listed largest first · the 25 highest of 56 · amber, in the catalogue
state median 42% 100% screen SB Select Bank 146% TB Trustar Bank 144% BC Benchmark Community Bank 141% MB Mainstreet Bank 103% Bo Bank of Botetourt 91% FB First Bank & Trust Co. 85% UB United Bank 83% CB Carter Bank & Trust 79% JM John Marshall Bank 70% TB Trupoint Bank 67% OD Old Dominion National Bank 66% PV Powell Valley National Bank 65% MB Movement Bank 60% CF Citizens & Farmers Bank 59% FB First Bank 54% SN Skyline National Bank 52% T Townebank 51% FM Farmers & Merchants Bank 49% LB Locus Bank Inc 47% NP New Peoples Bank Inc 47% FB Farmers Bank of Appomattox 46% Bo Bank of the James 46% PB Pioneer Bank 46% NH New Horizon Bank N.A. 45% F Fvcbank 45%

4 of the 56 banks sit above the 100% construction screen, Select Bank the highest at 146%; the median is 42%.

Loans to depositsVirginia banks, 30 June 2026 · listed highest first · the 25 highest of 56 · amber, in the catalogue
state median 86% LB Locus Bank Inc 114% PB Primis Bank 107% SB Select Bank 102% JM John Marshall Bank 101% MB Mainstreet Bank 100% BR Blue Ridge Bank N.A. 98% TB Trustar Bank 98% PB Pioneer Bank 98% FS First Sentinel Bank 97% CB Community Bankers Bank 96% Bo Bank of Botetourt 95% FB First Bank & Trust Co. 95% Bo Bank of Clarke 94% SN Skyline National Bank 94% AU Atlantic Union Bank 94% CB Cornerstone Bank 93% F Fvcbank 92% UB United Bank 92% OD Old Dominion National Bank 91% CF Citizens & Farmers Bank 91% BC Benchmark Community Bank 90% CO Capital One National Association 89% CB Carter Bank & Trust 89% BH Burke & Herbert Bank & Trust Co. 89% FB Freedom Bank of Virginia 89%

5 of the 56 lend more than they hold in deposits, Locus Bank Inc the furthest at 114%; the median is 86%.

Nonperforming loans, share of loansVirginia banks, 30 June 2026 · listed highest first · the 25 highest of 56 · amber, in the catalogue
state median 0.41% FB Freedom Bank of Virginia 3.26% ME Miners Exchange Bank 3.16% MB Mainstreet Bank 3.15% HC Highlands Community Bank 2.51% PB Primis Bank 1.83% LB Legacy Bank 1.78% BR Blue Ridge Bank N.A. 1.68% CO Capital One National Association 1.49% HB HSBC Bank USA National Association 1.45% LB Lee Bank & Trust Co. 1.37% BG Blue Grass Valley Bank 1.20% BH Burke & Herbert Bank & Trust Co. 1.19% Bo Bank of Marion 1.12% Bo Bank of Clarke 1.07% SB Select Bank 1.06% CB Carter Bank & Trust 1.01% CB Cornerstone Bank 0.87% OD Old Dominion National Bank 0.85% FC First Community Bank 0.70% MF Martinsville First Savings Bank 0.65% LB Locus Bank Inc 0.62% F Fvcbank 0.59% FB Farmers Bank of Appomattox 0.59% AU Atlantic Union Bank 0.50% VN Virginia National Bank 0.47%

Freedom Bank of Virginia carries the most nonperforming loans at 3.26% of the book; 16 of the 56 are above 1%, and the median is 0.41%.

The allowance against nonperforming loansthe twenty widest gaps between the reserve and the trouble it covers, both as shares of loans · bold, in the catalogue
0.00%1.00%2.00%3.00%4.00%5.00%NPA / loansAllowance / loansCOCapital One National Association+3.53%CBCommunity Bankers Bank+2.01%CFCitizens & Farmers Bank+1.74%CBChain Bridge Bank N.A.+1.35%BoBank of Southside Virginia+1.32%FMFarmers & Miners Bank+1.23%FMFarmers & Merchants Bank Craig C+1.22%TBTrupoint Bank+1.17%PVPowell Valley National Bank+1.10%TTownebank+1.07%FBFirst Bank & Trust Co.+1.07%CBCitizens Bank & Trust Co.+1.05%JMJohn Marshall Bank+0.99%FSFirst Sentinel Bank+0.94%NBNational Bank of Blacksburg+0.93%BoBank of Charlotte County+0.92%OVOak View National Bank+0.91%LBLee Bank & Trust Co.+0.90%BoBank of Botetourt+0.88%CBChesapeake Bank+0.83%

The distance between the two dots is the reserve's headroom over the loans already in trouble. 12 of the 56 hold an allowance smaller than their nonperforming loans.

Return on assetsVirginia banks, 30 June 2026 · listed highest first · the 25 highest of 56 · amber, in the catalogue
state median 1.22% Bo Bank of Southside Virginia 3.69% CB Carter Bank & Trust 3.60% Bo Bank of Charlotte County 3.40% LB Lee Bank & Trust Co. 3.38% PB Pioneer Bank 2.75% PV Powell Valley National Bank 2.23% T Townebank 2.07% CB Citizens Bank & Trust Co. 2.07% FC First Community Bank 1.97% VN Virginia National Bank 1.86% FB First Bank & Trust Co. 1.83% CB Chain Bridge Bank N.A. 1.81% Bo Bank of Botetourt 1.78% FN First National Bank 1.73% CB Chesapeake Bank 1.72% CO Capital One National Association 1.64% BC Benchmark Community Bank 1.63% AU Atlantic Union Bank 1.62% FM Farmers & Miners Bank 1.60% UB United Bank 1.55% SN Skyline National Bank 1.47% NP New Peoples Bank Inc 1.44% F Fvcbank 1.42% Bo Bank of Marion 1.40% FM Farmers & Merchants Bank Craig C 1.30%

Bank of Southside Virginia earns the most at 3.69% and Miners Exchange Bank the least at -0.51%; 8 of the 56 earn under 0.50%, and the median is 1.22%.

The efficiency ratio, with the return beside itVirginia banks, 30 June 2026 · cost as a share of revenue, lowest first; return on assets at the right · the 25 lowest of 56 · amber, in the catalogue
state median 60.8% LB Lee Bank & Trust Co. 32.8% ROA 3.38% Bo Bank of Southside Virginia 36.3% ROA 3.69% CB Carter Bank & Trust 38.6% ROA 3.60% FB First Bank & Trust Co. 40.0% ROA 1.83% CB Chain Bridge Bank N.A. 40.4% ROA 1.81% Bo Bank of Charlotte County 44.6% ROA 3.40% VN Virginia National Bank 44.6% ROA 1.86% PB Pioneer Bank 44.9% ROA 2.75% UB United Bank 46.3% ROA 1.55% CB Citizens Bank & Trust Co. 46.9% ROA 2.07% F Fvcbank 48.8% ROA 1.42% JM John Marshall Bank 49.1% ROA 1.20% AU Atlantic Union Bank 50.4% ROA 1.62% Bo Bank of Botetourt 52.9% ROA 1.78% CO Capital One National Association 53.7% ROA 1.64% PV Powell Valley National Bank 54.1% ROA 2.23% FC First Community Bank 54.2% ROA 1.97% HB HSBC Bank USA National Association 55.4% ROA 0.96% SB Select Bank 55.4% ROA 1.23% FM Farmers & Merchants Bank Craig C 56.8% ROA 1.30% T Townebank 57.8% ROA 2.07% FM Farmers & Merchants Bank 58.2% ROA 1.22% FN First National Bank 58.5% ROA 1.73% SN Skyline National Bank 59.0% ROA 1.47% NB National Bank of Blacksburg 59.2% ROA 0.55%

Lee Bank & Trust Co. runs the leanest at 32.8% of revenue in cost; 8 of the 56 spend more than 80 cents of every revenue dollar, and the median is 60.8%.

The fifteen largest, 30 June 2026navy: the stronger half of each column; amber: the weaker; darker at the ends; bold rows are in the catalogue
InstitutionAssetsLoans YoYCRE / loansLoans / depositsNPA / loansROAEquity / assets
Capital One National Association$662B+2.2%5.0%89%1.49%1.64%14.9%
HSBC Bank USA National Association$173B-4.5%2.6%39%1.45%0.96%9.6%
Atlantic Union Bank$38.0B+4.9%40.4%94%0.50%1.62%15.2%
United Bank$33.6B+3.9%48.1%92%0.44%1.55%16.7%
Townebank$22.6B+22.9%41.8%82%0.22%2.07%13.2%
Burke & Herbert Bank & Trust Co.$11.0B+43.1%54.4%89%1.19%0.94%12.1%
Carter Bank & Trust$4.8B-0.3%65.9%89%1.01%3.60%11.3%
Primis Bank$4.3B+13.6%22.0%107%1.83%1.03%11.0%
First Bank & Trust Co.$4.3B+6.1%30.8%95%0.28%1.83%9.9%
First Community Bank$3.6B+4.5%31.6%81%0.70%1.97%14.2%
Citizens & Farmers Bank$2.8B+6.0%41.9%91%0.09%1.26%11.7%
John Marshall Bank$2.4B+5.1%54.1%101%0.01%1.20%12.3%
Fvcbank$2.4B+1.6%46.2%92%0.59%1.42%11.8%
Blue Ridge Bank N.A.$2.3B-6.9%39.6%98%1.68%0.01%10.6%
Mainstreet Bank$2.2B+9.0%58.9%100%3.15%0.91%12.5%
Five years, 2021 to 2026the 56 institutions filing at both dates; dollars as growth, ratios in points
20212026Change
Loans, in total$300B$635B+111%
Deposits, in total$564B$792B+40%
NPA / loans, median0.48%0.41%-0.07 pts
Efficiency, median69.2%60.8%-8.3 pts
ROA, median0.95%1.22%+0.27 pts

Small-business lending

SBA 7(a) approvals into Virginia since FY2008, across every lender type

$7.5B of 7(a) credit has been approved into Virginia since FY2008 across 17,201 loans. Accommodation & food services is the largest category at 19.7%, Professional & technical services at 13.6%, Health care & social assistance at 12.7%; the three together are 46% of the money. The heaviest losses fall in Construction, at 3.73% of approvals charged off.

7(a) lenders in the state, share of approvalssince FY2008, 333 lenders on record; SBA 7(a) release as of the 2026 file; loans credited to the institution holding them today; amber, in the catalogue
LO Live Oak Banking Company 9.4% $702M · 519 loans TB Truist Bank 6.6% $498M · 1,582 loans WF Wells Fargo Bank National Associa… 4.9% $368M · 1,553 loans AU Atlantic Union Bank 4.1% $304M · 773 loans Ma Manufacturers and Traders Trust C… 3.5% $266M · 1,657 loans TH The Huntington National Bank 3.0% $228M · 473 loans G Gbank 2.4% $182M · 72 loans PB Primis Bank 2.4% $179M · 523 loans FN First National Bank of Pennsylvan… 2.4% $176M · 195 loans TF The First Bank and Trust Company 2.1% $161M · 227 loans Newtek Small Business Finance, LLC 2.0% $149M · 236 loans Readycap Lending, LLC 1.9% $145M · 336 loans
What the state's 7(a) money financeseach industry's share of approvals since FY2008, the twelve largest
Accommodation & food services20.9%$1.5B · 2,351 loansProfessional & technical services14.4%$1.0B · 2,689 loansHealth care & social assistance13.5%$955M · 1,790 loansRetail trade9.5%$670M · 1,905 loansOther services9.4%$662M · 1,733 loansConstruction8.1%$574M · 1,650 loansManufacturing6.5%$457M · 933 loansArts, entertainment & recreation4.7%$336M · 720 loansAdministrative & waste services3.6%$253M · 905 loansWholesale trade3.5%$248M · 513 loansAgriculture, forestry & fishing3.4%$237M · 190 loansTransportation & warehousing2.6%$188M · 672 loans
The industries, with what defaultsapprovals, loans and charged-off dollars by industry since FY2008; a loss rate is charged-off over approved dollars, on settled and unsettled cohorts alike
IndustryApprovedLoansShareCharged offLoss rate
Accommodation & food services$1.5B2,35119.7%$34M2.32%
Professional & technical services$1.0B2,68913.6%$30M2.93%
Health care & social assistance$955M1,79012.7%$9M0.96%
Retail trade$670M1,9058.9%$24M3.58%
Other services$662M1,7338.8%$19M2.80%
Construction$574M1,6507.7%$21M3.73%
Manufacturing$457M9336.1%$13M2.95%
Arts, entertainment & recreation$336M7204.5%$11M3.33%
Administrative & waste services$253M9053.4%$9M3.41%
Wholesale trade$248M5133.3%$5M1.99%
Agriculture, forestry & fishing$237M1903.2%$454K0.19%
Transportation & warehousing$188M6722.5%$5M2.75%
The largest county marketsapprovals since FY2008 and how many lenders have written there
CountyApprovedLoansLenders
Fairfax$1.3B3,195170
Loudoun$619M1,462136
Prince William$385M1,129106
Virginia Beach City$374M882107
Henrico$359M776101
Chesterfield$301M72378
Alexandria City$227M49783
Chesapeake City$204M48476
Arlington$193M50874
Richmond City$181M49978

Each institution in the catalogue has its own read, prepared for its board and management from the public record. The full pack on any Virginia institution, twenty sections from its own filing, is prepared on request.

Ask for a pack

Prepared 3 November 2026
Sources FFIEC Call Report and NCUA 5300 via the FDIC and NCUA; SBA 7(a) release
Cohort every institution filing in Virginia

Computed from each institution's own filing as published; medians are unweighted; no estimate, no adjustment; not a rating, not an audited statement and not a supervisory judgement.
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