Burke & Herbert Bank & Trust Company
Headquarters
100 S Fairfax St
Alexandria, VA 22314
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2024 Overview
General Bank Information
Burke & Herbert Bank & Trust Company is an FDIC insured institution located in Alexandria, VA. It was founded in 1852 and has approximately $7.8 billion in assets. Customers can open an account at one of its 25 branches.
| FDIC Insured | Yes |
| FDIC Certificate | # 11578 |
| Date Established | 1852 |
| Assets | $ 7.80 billion |
| Loans | $ 5.55 billion |
| Deposits | $ 6.66 billion |
| Capital | $ 777.19 million |
For a more detailed analysis of Burke & Herbert Bank & Trust Company's financial condition and a description of what these numbers mean, please visit the Financial Details section.
Deposit Rates - November 21, 2024
Your Current Location: Ohio, OH 43085
Loan Rates - November 21, 2024
Your Current Location: Ohio, OH 43085
There are currently no loan rates available for Burke & Herbert Bank & Trust Company
Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:
Featured - Ohio 30 Year Fixed Mortgage Rates 2024
| Lender | APR | Rate (%) | Monthly Payment |
Learn More |
|---|---|---|---|---|
NMLS ID: 2578474 |
6.494% |
6.375% 0.88 points $4,010 fees |
$1,997 | Learn More |
NMLS ID: 1025894 |
6.955% |
6.875% 0.63 points $2,594 fees |
$2,103 | Learn More |
NMLS ID: 3030 |
7.325% |
7.250% 0.75 points $2,400 fees |
$2,183 | Learn More |
NMLS ID: Not a Lender |
points fees |
Learn More |
Featured - Ohio Home Equity Line Of Credit Rates 2024
| Lender | APR (%)? | Monthly Payment? | Learn More |
|---|---|---|---|
Third Federal Savings and Loan See Table |
Intro APR
7.240 %
After Intro: 7.240 % |
$0 |
Learn More
More Info |
Note to Burke & Herbert Bank & Trust Company
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Branches
Burke & Herbert Bank & Trust Company branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.
Your Location:
Columbus,Ohio
Burke & Herbert Bank & Trust Company Locations around zip code 43085
| Branch | Distance | Map | View Lobby Hours |
|---|---|---|---|
| 304.89 | A | View Lobby Hours | |
| 312.40 | B | View Lobby Hours | |
| 312.41 | C | View Lobby Hours | |
| 313.57 | D | View Lobby Hours | |
| 314.25 | E | View Lobby Hours | |
| 315.46 | F | View Lobby Hours | |
| 316.74 | G | View Lobby Hours | |
| 317.28 | H | View Lobby Hours | |
| 317.63 | I | View Lobby Hours | |
| 318.33 | J | View Lobby Hours | |
| 318.67 | K | View Lobby Hours | |
| 320.74 | L | View Lobby Hours | |
| 320.74 | M | View Lobby Hours | |
| 321.32 | N | View Lobby Hours | |
| 321.48 | O | View Lobby Hours | |
| 321.61 | P | View Lobby Hours | |
| 322.93 | Q | View Lobby Hours | |
| 323.05 | R | View Lobby Hours | |
| 323.76 | S | View Lobby Hours | |
| 324.27 | T | View Lobby Hours | |
| 324.63 | U | View Lobby Hours | |
| 324.74 | V | View Lobby Hours | |
| 325.01 | W | View Lobby Hours | |
| 325.43 | X | View Lobby Hours | |
| 325.64 | Y | View Lobby Hours |
Climate Policy and Initiatives
Burke & Herbert Bank & Trust Company is encouraged to provide us with this information. When we receive this information from the bank, we will provide it here.
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Financial Details
Burke & Herbert Bank & Trust Company Ratio Analysis
The following ratios and data are available to help you better understand the financial condition of Burke & Herbert Bank & Trust Company. The data is provided by the FDIC. All banks listed on BestCashCow.com are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.
Texas Ratio
| Burke & Herbert Bank & Trust Company | U.S. Bank Average |
|---|---|
| 4.28% | 4.48% |
The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.
As of June 30, 2024, Burke & Herbert Bank & Trust Company had $32,841,000 in non-current loans and $3,334,000 in owned real estate. To cover these potential losses it had $777,190,000 in equity and $68,017,000 in loans loss reserves. That gives it a Texas Ratio of 4.28%.
Return on Equity
| Burke & Herbert Bank & Trust Company | U.S. Bank Average |
|---|---|
| -0.55% | 10.46% |
Burke & Herbert Bank & Trust Company has a Return on Equity of -0.55% versus the BestCashCow average of 10.46%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.
Capitalization
| Burke & Herbert Bank & Trust Company | U.S. Bank Average |
|---|---|
| 9.96% | 10.84% |
Burke & Herbert Bank & Trust Company has a Capitalization of 9.96% versus the BestCashCow average of 10.84. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.
Burke & Herbert Bank & Trust Company Balance Sheet Analysis
As of June 30, 2024, Burke & Herbert Bank & Trust Company had assets of $7,803,852,000, loans of $5,551,975,000, and deposits of $6,663,550,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.
Summary Balance Sheet
June 30, 2024| ASSETS | |
|---|---|
| Cash & Balances due from depository institutions | $ 211.51 million |
| Interest-bearing balances | $ 166.06 million |
| Total securities | $ 1,419.10 million |
| Federal funds sold and reverse repurchase | N.A. |
| Net loans and leases | $ 5.55 billion |
| Loan loss allowance | $ 68.02 million |
| Trading account assets | N.A. |
| Bank premises and fixed assets | N.A. |
| Other real estate owned | $ 3.33 million |
| Goodwill and other intangibles | $ 102.13 million |
| All other assets | $ 207.01 million |
| Total Assets | $ 7.03 billion |
| LIABILITIES | |
|---|---|
| Total deposits | $ 6.66 billion |
| Interest-bearing deposits | $ 5.24 billion |
| Deposits held in domestic offices | $ 6.66 billion |
| % insured (estimated) | 71.03% |
| Federal funds purchased and repurchase agreements | $ 0.16 million |
| Trading liabilities | N.A. |
| Other borrowed funds | $ 312.82 million |
| Subordinated debt | N.A. |
| All other liabilities | $ 21.44 million |
| Total Liabilities | $ 7.03 billion |
| Shareholders’ Equity | $ 777.19 million |
Summary Income Statement
June 30, 2024| INCOME AND EXPENSES | |
|---|---|
| Total Interest Income | $ 135.08 million |
| Total Interest Expense | $ 51.09 million |
| Net interest income | $ 83.99 million |
| Provision for loan and lease losses | $ 23.24 million |
| Total non interest income | $ 12.39 million |
| Total non interest expense | $ 73.83 million |
| Pre-tax Net Operating Income | $ 23.25 million |
Bank Loan Profile?
The top three loan types in Burke & Herbert Bank & Trust Company’s loan portfolio are Commercial Real Estate, 1-4 Family Residential Loans, and Small Business Loans.
Compared to other banks, Burke & Herbert Bank & Trust Company’s loan portfolio does not show any specific loan specialty.
Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.
| % Loans |
% Comparison to Other Banks |
|||
|---|---|---|---|---|
| Low | Med | High | ||
| 1-4 Family Residential Loans | 7.95 | ✓ | ||
| Multifamily Mortgages |
1.92 | ✓ | ||
| Credit Card Loans | 0.00 | ✓ | ||
| Consumer Auto Loans | 0.00 | ✓ | ||
| Small Business Loans | 5.36 | ✓ | ||
| Construction and Development Loans | 2.14 | ✓ | ||
| Commercial Real Estate | 18.64 | ✓ | ||
| Commercial and Industrial Loans | 0.74 | ✓ | ||
| Farm Loans | 0.00 | ✓ | ||
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