Highlands Community Bank
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Data as of · sourced from FFIEC call reports. How we update
Highlands Community Bank is an FDIC-insured commercial bank headquartered in Covington, VA, established in 2002 (FDIC certificate 57420), and it is supervised by the Federal Reserve. At Q2 2026 it reported total assets of $188.9M, down 1.4% from Q2 2025, the 49th largest of 56 banks headquartered in Virginia. It reports no CET1 ratio; its Tier 1 leverage ratio was 12.63% at Q2 2026, above the 9% community bank leverage ratio requirement for being considered well capitalized.
- Charter
- Commercial bank
- Regulator
- Federal Reserve
- Deposit insurance
- FDIC
- FDIC certificate
- 57420
- Headquarters
- Covington, VA
- Established
- 2002
- Total assets, Q2 2026
- $188.9M
- Assets vs Q2 2025
- -1.4%
- Tier 1 leverage ratio, Q2 2026
- 12.63%
- Domestic offices
- 3 FDIC institution directory, current count
- Routing number
- 051409171
- Latest call report
- Q2 2026, FFIEC 051 · Highlands Community Bank call report
- Asset rank in state
- 49th of 56 in Virginia
Problem loans are rising at Highlands Community Bank. The Covington, Virginia bank had $189 million in assets at June 30, 2026, down 1.4% from a year earlier. Loans on nonaccrual or 90 or more days past due, net of government guarantees, rose to 2.51% of loans from 1.51% a year earlier. It earns about $0.33 a year on every $100 of assets, a small fraction of the median of $1.28 for the 2,660 banks with $100 million to $1 billion in assets. It also spends about 89 cents to bring in each dollar of revenue, higher than about 9 in 10 banks its size (median 61 cents).
The balance sheet shrank over the year: over the year loans fell 13.4% and deposits fell 2.2%. Its $12 million commercial and industrial book is improving, with 0.76% past due or on nonaccrual, down from 3.46% a year earlier. Its margin is thin by comparison: it keeps 3.32 cents of net interest income on every dollar of earning assets, lower than about three-quarters of banks its size (median 3.95 cents).
As of June 30, 2026, Highlands Community Bank reported a return on assets of 0.33%, a nonperforming-loan ratio of 2.51% and a Texas ratio of 9.63%. The figures come from its call report filed with the FFIEC.
Highlands Community Bank ranks as the 49th largest of the 56 banks based in Virginia, by total assets at Q2 2026. Between Q1 2026 and Q2 2026, its total assets fell 0.4% to $188.9M, loans fell 2.2% and deposits fell 0.5%. Its loan book on June 30, 2026 was led by 1-4 family residential loans, at 34.7% of total loans, followed by commercial and industrial loans at 15.0%. The FDIC Summary of Deposits lists 3 offices for it, in Covington, VA, Clifton Forge, VA and Hot Springs, VA; its Covington office books 74% of its branch deposits. By the capital ratios in its Q2 2026 call report, Highlands Community Bank meets the community bank leverage ratio test for well capitalized.
Headquarters Profile
- Address
- 307 Thacker Ave, Covington, VA 24426
- County
- Covington City
- Charter
- Commercial bank, state charter, Fed member, FRB-supervised
- Primary Regulator
- Federal Reserve
- FDIC Region
- Atlanta (Region 5)
- Federal Reserve member
- Yes
- Federal Reserve district
- District 5, Richmond
- Fiduciary (trust) powers
- —
- Call Report form
- FFIEC 051
- Established
- September 16, 2002
- Domestic offices
- 3 FDIC institution directory, current count
- Employees (FTE)
- 32
- Domestic deposits
- $167.3M
- Allowance for credit losses
- $1.1M
- Net charge-offs (YTD)
- $113K
- Average total assets
- $189.4M
- Average total loans
- $83.7M
- Average interest-bearing deposits
- $124.7M
- Tax status
- C corporation
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- September 16, 2002
- FDIC Cert
- 57420
- Fed RSSD
- 3125315
- Website
- www.hc.bank →
Profitability
Q2 annualizedBalance Sheet
Income Statement
Operating & Funding
Ratios tagged annualized use the Q2 income alone. The UBPR and FDIC annualize the year to date instead. FDIC BankFind divides by the average of quarter-end total assets, the UBPR by RC-K average assets. The YTD margin is the UBPR's tax-equivalent figure over its own average earning assets; FDIC BankFind's margin is not tax-equivalent. As a community bank leverage ratio filer, Highlands Community Bank reports no risk-based capital ratios; its Tier 1 leverage ratio applies. How we compute these figures
Quarterly trends
From Q3 2023 to Q2 2026, Highlands Community Bank's total assets ranged from $188.9M (Q2 2026) to $202.3M (Q1 2024), and it earned a profit in all 12 quarters. The line under each chart compares Q2 2026 with Q2 2025. How these charts are built
$188.9M total assets against $191.6M; $168.5M total liabilities against $172.3M.
$81.3M net loans and leases against $93.8M; $167.3M total deposits against $171.1M.
$86.7M securities against $76.0M; $10.0M cash and balances due against $10.5M.
$2.1M total interest income against $2.1M; $596K total interest expense against $587K.
$1.5M net interest income against $1.5M.
$205K total noninterest income against $215K; $1.5M total noninterest expense against $1.5M.
$0 provision for credit losses against $65K.
$155K net income against $129K.
0.33% return on assets against 0.27%; 3.32% net interest margin against 3.23%.
12.63% tier 1 leverage ratio against 12.32%.
Inside the full Highlands Community Bank terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this bank, freeHighlands Community Bank rankings
Its closest position to the top of a national ranking is 674 of 3,640, for Texas Ratio; its furthest is 3,464 of 3,606, for efficiency ratio.
Quarterly trend: last 8 quarters
Across the 8 quarters to Q2 2026, its return on assets ran from 0.04% (Q4 2024) to 0.44% (Q1 2026) and its net interest margin ran from 2.86% (Q3 2024) to 3.32% (Q2 2026).
| Quarter | Leverage | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 12.63% | 0.33% | 2.51% | 9.63% | 3.32% |
| Q1 2026 | 12.35% | 0.44% | 2.20% | 8.62% | 3.21% |
| Q4 2025 | 12.46% | 0.36% | 1.80% | 7.25% | 3.20% |
| Q3 2025 | 12.31% | 0.27% | 1.56% | 6.55% | 3.26% |
| Q2 2025 | 12.32% | 0.27% | 1.51% | 7.02% | 3.23% |
| Q1 2025 | 12.03% | 0.22% | 1.23% | 6.21% | 3.10% |
| Q4 2024 | 11.63% | 0.04% | 1.08% | 5.87% | 2.94% |
| Q3 2024 | 11.61% | 0.17% | 1.09% | 5.64% | 2.86% |
Swipe the table sideways to see every column.
Branch Network
View all 3 branches → Branch count from the FDIC Summary of Deposits, June 30, 2026. The domestic office count above is the FDIC's current figure, so the two can differ.
| Branch | Location | ZIP | Deposits |
|---|---|---|---|
| Highlands Community Bank (main office) | Covington , VA | 24426 | $123.7M |
| Highlands Community Bank Branch | Clifton Forge , VA | 24422 | $33.8M |
| Hot Springs Branch | Hot Springs , VA | 24445 | $9.8M |
Regulatory record
Facts as filed or published, not a rating.
- Enforcement actions
- 1 against the institution (Federal Reserve)
- October 9, 2013, Federal Reserve: Civil Money Penalty, $2,565: Highlands Community Bank, Covington, Virginia
- Period: Most recent institution action October 9, 2013. Source: FDIC, Federal Reserve and OCC enforcement releases.
- Deposit market share
- <0.1% of deposits in VA, rank 77 of 102 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- Not on file
- Mortgage lending (HMDA), SBA 7(a) lending, Consumer complaints, CFPB enforcement, CRA examination rating. No record from these sources, which is not the same as a clean record. Sources
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Frequently asked about Highlands Community Bank
What are Highlands Community Bank's total assets?
As of the Q2 2026 filing, Highlands Community Bank reported total assets of $188.9 million in its FFIEC call report.
Where is Highlands Community Bank headquartered?
It is headquartered in Covington, VA, United States.
When was Highlands Community Bank founded?
It was established in 2002, per the FDIC institution directory.
Is Highlands Community Bank FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #57420). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates Highlands Community Bank?
Highlands Community Bank's primary federal regulator is the Federal Reserve.
How many branches does Highlands Community Bank operate?
It operates 3 domestic offices, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is Highlands Community Bank's Texas Ratio?
Its Texas Ratio is 9.63% in its Q2 2026 call report, within the healthy range (at or below 50%, the level at which problem assets reach half of the capital cushion). The Texas Ratio measures non-performing assets against the bank's capital and reserves.
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