First National Bank
Altavista, Virginia, Campbell County
$1.1B in total assets, the 950th largest of 4,309 US banks and 27th of 57 headquartered in Virginia.
- FDIC certificate
- 6811
- Established
- 1908
- Owned by
- Pinnacle Bankshares Corp
- Primary regulator
- OCC
- Website
- http://www.1stnatbk.com
At a glance
Compared with 22 banks headquartered in Virginia with $1 billion to $10 billion in assets, as of June 30, 2026.
| Measure | This bank | Percentile | Peer range, middle 90% | Peer median |
|---|---|---|---|---|
| Total assets | $1.1B | 9% | $2.0B | |
| Loans | $748M | 9% | $1.4B | |
| Deposits | $1.0B | 14% | $1.7B | |
| Return on assets | 1.46% | 64% | 1.19% | |
| Net interest margin | 4.17% | 77% | 3.62% | |
| Efficiency ratio | 58.2% | 41% | 60.5% | |
| Equity to assets | 8.03% | 4% | 10.65% | |
| Loans to deposits | 72% | 9% | 90% |
Growth
Total assets grew 4.1% a year over the last 5 years and 11.4% a year over 10 years, including 1 acquisition in the last 10 years.
Acquisitions
| Closed | Acquired bank | Assets at acquisition |
|---|---|---|
| Oct 2020 | Virginia Bank and Trust Company Danville, VA | $237M |
| Mar 1992 | CorEast Federal Savings Bank Roanoke, VA | $538M |
Where they operate
19 branches in 8 counties.
Largest markets by deposits
| County | Deposits | Market share | Rank |
|---|---|---|---|
| Campbell County, VA | $546M | 46.7% | 1 of 11 |
| Danville City County, VA | $180M | 11.2% | 4 of 8 |
| Pittsylvania County, VA | $119M | 24.0% | 2 of 5 |
| Bedford County, VA | $72M | 3.8% | 9 of 12 |
| Lynchburg City County, VA | $64M | 3.0% | 7 of 12 |
| Amherst County, VA | $36M | 6.3% | 5 of 6 |
Deposits by branch from the FDIC Summary of Deposits, June 2026. Rank among all banks with branches in that county.
Branch history since 2016
Net gain of 11 branches since 2016 (8 to 19, +137.5%). 5 opened, 7 acquired, 1 closed or sold.
| Period | What happened | Opened or acquired | Closed or sold | Net change | Branches at end |
|---|---|---|---|---|---|
| Start of 2016 | Starting point | 8 | |||
| 2017 | Opened Timberlake | 1 | 0 | +1 | 9 |
| 2019 | Opened Lynchburg | 1 | 0 | +1 | 10 |
| 2020 | Acquired Virginia Bank and Trust Company | 7 | 0 | +7 | 17 |
| 2021 | Opened Forest | 1 | 0 | +1 | 18 |
| 2022 | Opened CharlottesvilleClosed Danville | 1 | 1 | 0 | 18 |
| 2025 | Opened South Boston | 1 | 0 | +1 | 19 |
Balance sheet and earnings
Loans by type
| Type | Share | This bank | Peers |
|---|---|---|---|
| Commercial real estate | 31% | 37% | |
| 1-4 family residential | 27% | 30% | |
| Consumer | 18% | 3% | |
| Business (C&I) | 12% | 11% | |
| Multifamily | 6% | 7% | |
| Construction and land | 4% | 8% | |
| Farmland | 0% | 2% | |
| Other | 2% | 2% |
Deposits by type
| Type | Share | This bank | Peers |
|---|---|---|---|
| Other interest-bearing | 52% | 51% | |
| Noninterest-bearing | 30% | 24% | |
| Time deposits | 18% | 25% |
Brokered deposits are 0.0% of deposits (peers 6.6%).
Return on assets
Trailing four quarters, with the peer median.
Credit and capital
| This bank | Peer median | |
|---|---|---|
| Noncurrent loans | 0.19% | 0.37% |
| Net charge-offs, annualized | 0.07% | 0.04% |
| Reserves to loans | 0.71% | 1.02% |
| Leverage ratio | 8.84% | 10.80% |
Noncurrent loans exclude government-guaranteed portions.
Related banks
Similar size in Virginia
Largest competitors in Campbell County, VA
Figures as of June 30, 2026 from the bank's Call Report, FDIC structure and branch data, and the Federal Reserve. Short link: bankingstats.com/banks/first-national-bank-altavista-va