The Bank of Charlotte County, Financial Information

AboutThe Bank of Charlotte County

 Address:
101 Berkley Street
Phenix,VA
Charlotte County,Virginia
 Established:
Nov 1912
 Number of domestic offices:
4
Total assets$157M
Net income$1M
Net income,quarterly$0M
Total deposits$135M
Domestic deposits$135M
Equity capital$22M
ROA0.99%
ROAQ,quarterly1.04%
ROA,pretax1.04%
ROAQ,quarterly,pretax1.28%
ROE6.77%
ROEQ,quarterly7.42%
UpdatedMay 20, 2021

Terms and Definitions

  • Domestic deposits
    The sum of all domestic deposits, including demand deposits, money market deposits and time deposits.
  • Equity capital
    Total equity capital (includes preferred and common stock, surplus and undivided profits).
  • ROA
    Return on assets, net income after taxes and extraordinary items (annualized) as a percent of average total assets.
  • ROE
    Return on equity, annualized net income as a percent of average equity on a consolidated basis.

The Bank of Charlotte County (formerly The Bank of Phenix, Inc.) was founded in 1912. The bank's main office location has remained unchanged since its' opening. It is the oldest continuously operated business in the Town of Phenix. In November 2012, the bank celebrated its 100th year of operations as an independent community bank. The Bank of Charlotte County is a full service community bank dedicated to its customer's needs.

The Bank of Charlotte County has never closed since it opened in 1912, and was one of the few banks in Southside Virginia to remain open even during the Great Depression of the 1930's. Thus, it rightfully has earned the nickname "The Old Reliable". Over the years the Bauer Financial Reports, Inc. has awarded the bank its' Five Star Rating. This company is a nationally known independent bank rating system company. The Five-star rating is the highest they give. The rating indicates The Bank of Charlotte County to be one of the strongest banks in the United States based on its' capitalization, operating and income performance.

Phenix - Main Office
Address: P.O. Box 336
101 Berkley Street
Phenix, VA 23959
Phone: (434)-542-5111
Fax: (434)-542-5639

Charlotte Court House - Branch Office
Address: P.O. Box 466
111 David Bruce Avenue
Charlotte Court House, VA 23923
Phone: (434)-542-5161
Fax: (434)-542-4445

Brookneal - Branch Office
Address: P.O. Box 880
308 Lynchburg Avenue
Brookneal, VA 24528
Phone:(434)-376-3616
Fax: (434)-376-1940

Keysville - Branch Office
Address: P.O. Box 538
208 King Street
Keysville, VA 23947
Phone: (434)-736-8411
Fax: (434)-736-8386

Loan Office
Address: 216 North Main Street
Farmville, VA 23901
Phone: (434) 391-1136
Fax: (434) 391-1151