The Bank of Charlotte County: how it compares with its peers
Against 13 VA banks with half to twice its assets, The Bank of Charlotte County's strongest measure in Q2 2026 is return on assets (3.44% vs. a 0.96% peer median). Its weakest relative measure is assets per employee ($4.6M vs. $6.3M).
| Measure | The Bank of Charlotte County | Peer median | Rank |
|---|---|---|---|
| Return on assets Annualized net income over average assets. | 3.44% | 0.96% | Top third Ahead of 100% of peers |
| Net interest margin Annualized net interest income over earning assets. | 4.54% | 3.67% | Top third Ahead of 77% of peers |
| Efficiency ratio Noninterest expense per dollar of revenue. Lower is better. | 44.61% | 69.67% | Top third Ahead of 92% of peers |
| Assets per employee Total assets over full-time-equivalent staff. | $4.6M | $6.3M | Bottom third Ahead of 15% of peers |
| Loans to deposits Net loans and leases over total deposits. | 71.29% | 82.37% | Context |
What it means for lending operations
Its efficiency ratio of 44.61% is better than the 69.67% peer median. Banks that already run lean usually find their next gains in loan growth: faster digital applications and fewer borrowers abandoning a slow document chase.
Banks closest in size
- CornerStone Bank Lexington, VA · $233M
- Farmers and Miners Bank Pennington Gap, VA · $193M
- Highlands Community Bank Covington, VA · $189M
- Lee Bank and Trust Company Pennington Gap, VA · $257M
- Movement Bank Danville, VA · $165M
- Community Bankers' Bank Midlothian, VA · $139M
Questions about The Bank of Charlotte County
How big is The Bank of Charlotte County?
The Bank of Charlotte County, established in 1912, is headquartered in Phenix, VA. It reported $223M in total assets in its Q2 2026 FDIC call report and operates 6 offices.
What is The Bank of Charlotte County's return on assets?
3.44% annualized in Q2 2026, against a 0.96% median for 13 VA banks with half to twice its assets, ahead of 100% of them.
What is The Bank of Charlotte County's efficiency ratio?
44.61% in Q2 2026: it spent about 45 cents in noninterest expense for each dollar of revenue. The peer median is 69.67%, and lower is better.
Is The Bank of Charlotte County growing its loans?
Net loans shrank 6.6% over the year to Q2 2026, while deposits grew 8.7%.
Sources and method
Figures are from the FDIC’s public call report data for the quarter ending 06/30/2026, via FDIC BankFind. Return on assets and net interest margin are annualized year to date. Peers are VA banks with half to twice its assets in the same quarter, excluding this bank. The page refreshes daily, so new quarters appear as banks file. Compare another bank or see every Virginia bank ranked.