Highlands Community Bank
Covington, Virginia · FDIC Cert #57420
Highlands Community Bank is an FDIC-insured bank (Certificate #57420) with $201M in total assets and $183M in total deposits as of the Q2 2024 Call Report. Headquartered in Covington, Virginia, the bank maintains a Tier 1 capital ratio of 0.00% (Critically Undercapitalized) and a nonperforming loan ratio of 0.99%. BankHealthData assigns a composite Health Grade of C (51/100). All deposits up to $250,000 per depositor per ownership category are FDIC insured.
Highlands Community Bank (FDIC cert 57420) is a community bank — $201M in total assets, $183M in deposits, serving the Covington, Virginia area. Community banks make up the largest share of U.S. banks by count but a much smaller share by assets.
Tier 1 capital ratio is not disclosed in the most recent Call Report — unusual but possible for new institutions or those filing under specific regulatory exemptions. Asset quality is normal: non-performing loan ratio of 0.99% sits in the typical 0.5-2% range for healthy U.S. banks. Some NPL is unavoidable in any meaningful lending portfolio. Liquidity is very high: 40.9% of assets in liquid form, well above peer norms. Very high liquidity sometimes reflects a bank still building out its loan portfolio or one operating under specific regulatory liquidity requirements.
Profitability is minimal: ROA of 0.04% indicates the bank is barely profitable on an assets basis. Multiple quarters of minimal profitability eventually challenge capital growth and regulatory standing. Health-score trend is essentially stable across the recent-quarters window — the typical pattern for established banks operating in steady-state mode. Highlands Community Bank carries a composite BankHealth grade of C (51/100) as of the 2024-06 Call Report filing. The grade combines capital ratios (Tier 1), asset quality (non-performing loans), liquidity, and profitability into a single signal.
Source: FDIC BankFind API — Call Report data.
Key Facts: Highlands Community Bank
- Total Assets
- $201M
- Total Deposits
- $183M
- Tier 1 Capital Ratio
- 0.00%
- Capital Status
- Critically Undercapitalized
- Nonperforming Loans
- 0.99%
- Liquidity Ratio
- 40.88%
- Return on Assets
- 0.04%
- Headquarters
- Covington, Virginia
- FDIC Certificate
- #57420
- Health Grade
- C (51/100)
- Latest Call Report
- Q2 2024
Capital & Safety Analysis
According to FDIC financial data, Highlands Community Bank holds a Tier 1 capital ratio of 0.00%. This falls below the 6% threshold regulators require, which may subject Highlands Community Bank to additional regulatory scrutiny.
Key Financial Metrics
What This Means For Your Money
Highlands Community Bank shows average financial health. While not alarming, its Health Score of 51/100 suggests some areas could be stronger. Your FDIC-insured deposits (up to $250,000) remain fully protected regardless.
Remember: FDIC insurance covers up to $250,000 per depositor, per bank, per ownership category. Even if a bank fails, insured depositors typically have access to their funds within two business days.
How Highlands Community Bank Compares
Highlands Community Bank’s Health Score of 51 is 21 points below the Virginia state average of 72 across 49 FDIC-insured banks. Its 0.00% Tier 1 capital ratio is 14.0 points below the US banking industry average near 14%. The 0.99% nonperforming loan ratio is higher than the industry norm (~0.8%), indicating more credit stress than peers. Return on assets of 0.04% is below the national ROA benchmark of ~1.1%. Among 1524 similarly-sized banks, the average Health Score is 69, meaning this bank ranks below its size cohort. Site-wide, Highlands Community Bank is 19 points below the portfolio average of 70.
Frequently Asked Questions
Highlands Community Bank has a Bank Health Score of C (51/100), placing it in average financial health. It holds a Tier 1 capital ratio of 0.00%, which is below the 8% "well-capitalized" threshold. All deposits up to $250,000 per depositor are FDIC insured regardless of the bank's health.
Bank failures are uncommon — only ~5 of 4,000+ FDIC-insured banks fail in a typical year. Highlands Community Bank's Tier 1 capital ratio of 0.00% and nonperforming loan ratio of 0.99% indicate an average risk profile relative to the industry. Even in a failure scenario, insured deposits ($250K per depositor per ownership category) are typically available within two business days.
Money in checking, savings, money market, and CD accounts at Highlands Community Bank is FDIC-insured up to $250,000 per depositor per ownership category (FDIC Cert #57420). Joint accounts get $250K per co-owner. Funds above the limit are not insured — for higher balances, consider spreading across multiple banks or using a CDARS-like network.
Highlands Community Bank holds $201M in total assets and $183M in total deposits. It is headquartered in Covington, Virginia (FDIC Certificate #57420).
Highlands Community Bank has a Tier 1 capital ratio of 0.00%, classifying it as "Critically Undercapitalized." Federal regulators consider 8% the threshold for "well-capitalized." The bank's nonperforming loan ratio is 0.99%, and the return on assets is 0.04%.
Yes. Highlands Community Bank is FDIC-insured (Certificate #57420). The FDIC insures deposits up to $250,000 per depositor, per bank, per ownership category — covering checking, savings, money market deposit accounts, and CDs. Even if a bank fails, insured depositors typically regain access to funds within two business days.
An C grade on our Bank Health Score means 55-69/100 — average across capital, loan quality, and profitability. The grade combines Tier 1 capital ratio (35% weight), nonperforming loan ratio (30%), liquidity ratio (25%), and return on assets (10%).
Highlands Community Bank's metrics are around average for the industry. There's no urgent action needed for FDIC-insured deposits, but it's worth monitoring quarterly updates. The FDIC's $250K-per-depositor insurance applies regardless of the bank's health.