Safest Banks in Virginia 2026
Virginia has 49 FDIC-insured banks with an average Bank Health Score of 79/100 (B). The safest bank is Bank of Southside Virginia with a score of 100/100.
Data from FDIC Q2 2024
49 Virginia banks are ranked below by the BankHealth composite score. The composite weights Tier 1 capital ratio (35%), inverted non-performing loan ratio (30%), liquidity ratio (25%), and return on assets (10%) into a 0-100 grade.
Top-of-list banks combine strong capital with clean loan books and reasonable profitability. Bottom-of-list banks face pressure on one or more scoring factors — most often elevated NPL ratios or thin profitability margins. Each bank links to its full profile with multi-quarter trend charts, the four composite factor breakdowns, and the underlying FDIC Call Report data.
Virginia's 49 FDIC-insured banks hold a combined $730.7B in assets. Their average Bank Health Score of 79/100 sits 1.0 points in line with the national average of 80/100. Across the state, 92% of banks earn an A or B grade for financial health, while 2% fall to a D or F.
The largest bank headquartered in Virginia is Capital One National Assn with $477.3B in assets and a Bank Health Score of 78/100. The strongest by score is Bank of Southside Virginia in Carson (100/100, Tier 1 capital 19.03%). The weakest is Carter Bank&Trust at 41/100, dragged down by an NPL ratio of 8.46%.
All scores below come from the latest FDIC BankFind Call Report (Q2 2024). The Bank Health Score weights Tier 1 capital ratio (35%), nonperforming loan ratio (30%), liquidity ratio (25%), and return on assets (10%) — the four metrics regulators watch most closely when judging whether a bank is well-capitalized. Every bank with FDIC insurance covers up to $250,000 per depositor per ownership category, but the score helps you tell apart banks that are comfortably well-capitalized from those operating closer to the line.
Top 3 Safest Banks in Virginia
Bank of Southside Virginia
Carson, VA
Virginia's top-rated bank, with a Tier 1 capital ratio of 19.03% — well above the federal "well-capitalized" threshold of 8%. Holds $683M in assets.
Old Point Trust&Finl Service
Newport News, VA
Second-strongest in the state on capital and loan quality. NPL ratio sits at 0.00% with $7M in total assets.
Chain Bridge Bank NA
Mclean, VA
Third in the rankings on the Bank Health Score. Liquidity ratio of 77.14% and ROA of 2.03%.
Top 20 of 49 Banks in Virginia
| # | Bank | City | Grade | Score | Tier 1 Capital | NPL Ratio |
|---|---|---|---|---|---|---|
| 1 | Bank of Southside Virginia | Carson | A | 100 | 19.03% | 0.04% |
| 2 | Old Point Trust&Finl Service | Newport News | A | 100 | 88.48% | 0.00% |
| 3 | Chain Bridge Bank NA | Mclean | A | 100 | 28.76% | 0.00% |
| 4 | Oak View National Bank | Warrenton | A | 98 | 15.26% | 0.01% |
| 5 | Farmers&Merchants Bk Craig C | New Castle | A | 96 | 16.61% | 0.15% |
| 6 | National Bank of Blacksburg | Blacksburg | A | 93 | 16.32% | 0.28% |
| 7 | Lee Bank&Trust Co | Pennington Gap | A | 91 | 16.45% | 1.10% |
| 8 | Farmers Bank of Appomattox | Appomattox | A | 91 | 19.20% | 0.70% |
| 9 | Farmers&Miners Bank | Pennington Gap | A | 90 | 12.86% | 0.29% |
| 10 | Integrity Bank for Business | Virginia Beach | A | 90 | 44.62% | 0.00% |
| 11 | Bank of Charlotte County | Phenix | A | 89 | 16.17% | 0.09% |
| 12 | Bank of Marion | Marion | A | 89 | 17.42% | 0.87% |
| 13 | Bank of the James | Lynchburg | A | 88 | 12.45% | 0.13% |
| 14 | Chesapeake Bank | Kilmarnock | A | 88 | 12.28% | 0.14% |
| 15 | Martinsville First Sb | Martinsville | A | 87 | 30.96% | 1.30% |
| 16 | HSBC Bank USA National Assn | Tysons | A | 87 | 16.29% | 1.41% |
| 17 | John Marshall Bank | Reston | A | 85 | 15.39% | 0.00% |
| 18 | Trupoint Bank | Grundy | A | 84 | 11.65% | 0.24% |
| 19 | Miners Exchange Bank | Coeburn | A | 84 | 21.74% | 1.48% |
| 20 | Virginia National Bank | Charlottesville | A | 84 | 17.65% | 0.34% |
Bank Health Scores for Virginia are calculated from FDIC Call Report data including Tier 1 capital ratios, nonperforming loan ratios, liquidity ratios, and return on assets.
Frequently Asked Questions
Based on our Bank Health Score analysis of FDIC data, Bank of Southside Virginia in Carson is currently the safest bank in Virginia with a score of 100/100 (Grade A). It posts a Tier 1 capital ratio of 19.03% and a nonperforming loan ratio of 0.04%.
Virginia has 49 FDIC-insured banks with a combined $730.7B in total assets. The average Bank Health Score across the state is 79/100 (Grade B).
Virginia's average Bank Health Score of 79/100 is 1.0 points in line with the national average of 80/100. 92% of banks in Virginia earn an A or B grade, compared with the national average grade of A.
Of 49 FDIC-insured banks headquartered in Virginia, 22 earn an A, 23 a B, 3 a C, 1 a D, and 0 an F. The most common grade is B.
The Bank Health Score (0-100) is based on four FDIC-reported metrics: Tier 1 capital ratio (35% weight), nonperforming loan ratio (30%), liquidity ratio (25%), and return on assets (10%). Higher scores indicate stronger financial health. Every score uses the latest FDIC Call Report data.
Bank Health Scores are computed from quarterly FDIC Call Report data. Tier 1 capital ratio (35%), nonperforming loan ratio (30%), liquidity ratio (25%), and return on assets (10%).