The Bank of Fincastle, Financial Information

AboutThe Bank of Fincastle

 Address:
17 South Roanoke Street
Fincastle,VA
Botetourt County,Virginia
 Established:
Sep 1875
 Number of domestic offices:
6
Total assets$256M
Net income$1M
Net income,quarterly$1M
Total deposits$224M
Domestic deposits$224M
Equity capital$30M
ROA0.56%
ROAQ,quarterly0.84%
ROA,pretax0.84%
ROAQ,quarterly,pretax1.04%
ROE4.69%
ROEQ,quarterly7.37%
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 Farmers Bank preceded The Bank of Fincastle in serving area residents. Farmers Bank began serving the public in 1856. Unfortunately, with the beginning of the War Between the States in 1861, Farmers Bank converted its assets to Confederate securities. In 1865, after Robert E. Lee surrendered at Appomattox, its Confederate assets became worthless. The Farmers Bank, like other Virginia banks, was forced to discontinue operations.

The Bank of Fincastle has operated to satisfy its customers for over 135 years and plans to continue in an efficient and courteous manner, as a full service bank, for the next 135 years.

The Bank of Fincastle is a privately held local community bank dedicated to serving the banking needs of the communities in which we serve. Established in 1875, The Bank of Fincastle is Botetourt County's Oldest Bank serving the community for over 138 years. Banking staff offers a high level of personalized service to all of our banking clients. The Bank of Fincastle Board of Directors recently declared a 5 for 1 stock split effective June 1, 2013 for shareholders on record as of May 1, 2013.

P.O. Box 107, Fincastle, VA 24090
Phone: (540) 473-2761
Fax: (540) 473-7136