Burke & Herbert Bank & Trust Company
Alexandria, Virginia, Alexandria City County
$11.0B in total assets, the 155th largest of 4,309 US banks and 6th of 57 headquartered in Virginia.
- FDIC certificate
- 11578
- Established
- 1852
- Owned by
- Burke&herbert Finl Services
- Primary regulator
- FED
- Website
- www.burkeandherbertbank.com
At a glance
Compared with 132 US banks with $10 billion to $100 billion in assets, as of June 30, 2026.
| Measure | This bank | Percentile | Peer range, middle 90% | Peer median |
|---|---|---|---|---|
| Total assets | $11.0B | 8% | $22.5B | |
| Loans | $8.0B | 12% | $14.5B | |
| Deposits | $9.0B | 9% | $18.4B | |
| Return on assets | 1.36% | 60% | 1.29% | |
| Net interest margin | 4.20% | 82% | 3.61% | |
| Efficiency ratio | 64.3% | 82% | 55.1% | |
| Equity to assets | 12.10% | 64% | 11.57% | |
| Loans to deposits | 89% | 56% | 87% |
Growth
Total assets grew 25.3% a year over the last 5 years and 14.3% a year over 10 years, including 2 acquisitions in the last 10 years.
Acquisitions
| Closed | Acquired bank | Assets at acquisition |
|---|---|---|
| May 2026 | LINKBANK Camp Hill, PA | $3.1B |
| May 2024 | Summit Community Bank, Inc Moorefield, WV | $4.6B |
Where they operate
105 branches in 53 counties.
Largest markets by deposits
| County | Deposits | Market share | Rank |
|---|---|---|---|
| Alexandria City County, VA | $1.6B | 25.9% | 1 of 14 |
| Fairfax County, VA | $1.4B | 1.2% | 12 of 38 |
| Wicomico County, MD | $371M | 16.0% | 2 of 10 |
| Hardy County, WV | $337M | 56.1% | 1 of 4 |
| Mercer County, WV | $284M | 22.8% | 3 of 7 |
| Kanawha County, WV | $255M | 3.8% | 8 of 13 |
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 80 branches since 2016 (25 to 105, +320.0%). 5 opened, 80 acquired, 5 closed or sold.
| Period | What happened | Opened or acquired | Closed or sold | Net change | Branches at end |
|---|---|---|---|---|---|
| Start of 2016 | Starting point | 25 | |||
| 2020 | Closed Alexandria and Dumfries | 0 | 2 | −2 | 23 |
| 2021 | Opened Fredericksburg | 1 | 0 | +1 | 24 |
| 2022 | Closed Alexandria | 0 | 1 | −1 | 23 |
| 2024 | Acquired Summit Community Bank, IncOpened 3 in 2 states, closed Arlington | 58 | 1 | +57 | 80 |
| 2025 | Opened BethesdaClosed Alexandria | 1 | 1 | 0 | 80 |
| 2026 through Q2 | Acquired LINKBANK | 25 | 0 | +25 | 105 |
Balance sheet and earnings
Loans by type
| Type | Share | This bank | Peers |
|---|---|---|---|
| Commercial real estate | 53% | 25% | |
| 1-4 family residential | 20% | 21% | |
| Multifamily | 10% | 8% | |
| Business (C&I) | 9% | 17% | |
| Construction and land | 6% | 6% | |
| Farmland | 1% | 1% | |
| Consumer | 1% | 10% | |
| Other | 0% | 13% |
Deposits by type
| Type | Share | This bank | Peers |
|---|---|---|---|
| Other interest-bearing | 58% | 62% | |
| Noninterest-bearing | 23% | 20% | |
| Time deposits | 19% | 18% |
Brokered deposits are 1.3% of deposits (peers 7.3%).
Return on assets
Trailing four quarters, with the peer median.
Credit and capital
| This bank | Peer median | |
|---|---|---|
| Noncurrent loans | 1.19% | 0.63% |
| Net charge-offs, annualized | 0.04% | 0.14% |
| Reserves to loans | 1.18% | 1.14% |
| Leverage ratio | 12.26% | 10.25% |
Noncurrent loans exclude government-guaranteed portions.
Related banks
Similar size in Virginia
Largest competitors in Alexandria City 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/burke-herbert