Locus Bank, Inc.
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Data as of · sourced from FFIEC call reports. How we update
Locus Bank, Inc. is an FDIC-insured commercial bank headquartered in Richmond, VA, established in 2008 (FDIC certificate 58658), and it is supervised by the Federal Reserve. At Q2 2026 it reported total assets of $359.4M, up 8.2% from Q2 2025, the 43rd largest of 56 banks headquartered in Virginia. It reports no CET1 ratio; its Tier 1 leverage ratio was 21.46% 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
- 58658
- Headquarters
- Richmond, VA
- Established
- 2008
- Total assets, Q2 2026
- $359.4M
- Assets vs Q2 2025
- +8.2%
- Tier 1 leverage ratio, Q2 2026
- 21.46%
- Domestic offices
- 2 FDIC institution directory, current count
- Routing number
- 051409524
- Latest call report
- Q2 2026, FFIEC 051 · Locus Bank, Inc. call report
- Holding company
- LOCUS
- Asset rank in state
- 43rd of 56 in Virginia
Locus Bank, Inc. pays more for its money than most banks of its size. Its balance sheet stood at $359 million at June 30, 2026, up 8.2% from a year earlier; it is based in Richmond, Virginia. It pays an average of 3.17% on its deposits and borrowings, higher than about 9 in 10 of the 2,660 banks with $100 million to $1 billion in assets (median 1.80%). On the other hand, it funds 21.46% of its assets with Tier 1 capital, about double the median of 10.99% for banks its size.
Its $80 million commercial and industrial book is improving, with 0.82% past due or on nonaccrual, down from 6.82% a year earlier. Net income for the quarter rose 21% from a year earlier, to $1.1 million. Profitability lags: it returns 6.1% a year on shareholders' equity, about half the median of 12.5% for banks its size.
As of June 30, 2026, Locus Bank, Inc. reported a return on assets of 1.28%, a nonperforming-loan ratio of 0.62% and a Texas ratio of 2.40%. The figures come from its call report filed with the FFIEC.
By total assets at Q2 2026, Locus Bank, Inc. is the 43rd largest of the 56 banks headquartered in Virginia. From Q1 2026 to Q2 2026, its total assets rose 4.1% to $359.4M, loans rose 2.0% and deposits rose 8.3%. The largest part of its loan book on June 30, 2026 was multifamily loans, at 30.6% of total loans, ahead of commercial and industrial loans at 27.2%. Its 2 offices in the FDIC Summary of Deposits are in Christiansburg, VA and Richmond, VA; its Christiansburg office books 63% of its branch deposits. On its Q2 2026 call report, Locus Bank, Inc. meets the community bank leverage ratio test for well capitalized.
Headquarters Profile
- Address
- 7814 Carousel Ln, Richmond, VA 23294
- County
- Henrico
- Metro Area
- Richmond, VA
- 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
- August 20, 2008
- Former names
- VCC Bank (2017-2023)
- Domestic offices
- 2 FDIC institution directory, current count
- Employees (FTE)
- 36
- Domestic deposits
- $259.3M
- Allowance for credit losses
- $1.7M
- Net charge-offs (YTD)
- -$16K
- Average total assets
- $350.4M
- Average total loans
- $290.1M
- Average interest-bearing deposits
- $218.6M
- Tax status
- C corporation
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- August 20, 2008
- FDIC Cert
- 58658
- Fed RSSD
- 3626858
- Website
- locusimpact.org →
- Parent Holding Company
- LOCUS (RSSD 5613759)
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, Locus Bank, Inc. reports no risk-based capital ratios; its Tier 1 leverage ratio applies. How we compute these figures
Quarterly trends
Over the 12 quarters to Q2 2026, Locus Bank, Inc.'s total assets ran between $294.8M (Q3 2023) and $359.4M (Q2 2026), 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
$359.4M total assets against $332.1M; $285.2M total liabilities against $261.5M.
$293.6M net loans and leases against $270.6M; $259.3M total deposits against $233.8M.
$40.9M securities against $36.2M; $7.5M cash and balances due against $11.3M.
$5.2M total interest income against $4.9M; $2.2M total interest expense against $2.1M.
$3.1M net interest income against $2.8M.
$215K total noninterest income against $180K; $1.8M total noninterest expense against $1.6M.
$22K provision for credit losses against $244K.
$1.1M net income against $928K.
1.28% return on assets against 1.11%; 3.58% net interest margin against 3.45%.
21.46% tier 1 leverage ratio against 21.52%.
Inside the full Locus Bank, Inc. terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this bank, freeWatch flags
Automated conditions triggered on this bank's latest filing. Advisory only; see the source metric pages for full context. Each flag is tagged Regulatory when it cites an official supervisory threshold, or BRR analysis when it's our own band, informed by our data and models.
Loans outstanding are at or above total deposits. The bank reports little borrowing or brokered funding, so the difference is carried mainly by equity and other liabilities. Worth watching if loan growth continues to outpace deposits. Industry heuristic, not a supervisory threshold.
Locus Bank, Inc. rankings
Its closest position to the top of a national ranking is 1,394 of 3,606, for efficiency ratio; its furthest is 2,097 of 3,640, for Texas Ratio.
Quarterly trend: last 8 quarters
Across the 8 quarters to Q2 2026, its return on assets ran from 0.94% (Q1 2025) to 1.58% (Q3 2025) and its net interest margin ran from 2.86% (Q3 2024) to 3.58% (Q2 2026).
| Quarter | Leverage | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 21.46% | 1.28% | 0.62% | 2.40% | 3.58% |
| Q1 2026 | 21.63% | 1.25% | 0.65% | 2.52% | 3.48% |
| Q4 2025 | 21.72% | 0.97% | 0.79% | 2.95% | 3.48% |
| Q3 2025 | 21.81% | 1.58% | 0.60% | 2.25% | 3.42% |
| Q2 2025 | 21.52% | 1.11% | 0.64% | 2.41% | 3.45% |
| Q1 2025 | 20.95% | 0.94% | 1.02% | 3.94% | 3.23% |
| Q4 2024 | 21.22% | 1.37% | 1.11% | 4.12% | 3.12% |
| Q3 2024 | 22.01% | 1.21% | 1.30% | 4.94% | 2.86% |
Swipe the table sideways to see every column.
Branch Network
View all 2 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 |
|---|---|---|---|
| Christansburg Branch | Christiansburg , VA | 24073 | $164.6M |
| Locus Bank, Inc. (main office) | Richmond , VA | 23294 | $94.7M |
Regulatory record
Facts as filed or published, not a rating.
- Deposit market share
- <0.1% of deposits in VA, rank 64 of 102 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- SBA 7(a) lending
- 2 loans, $301K approved, $151K average. 0.00% of that year's loans have since been charged off
- Period: Federal fiscal year 2023 (October to September). Source: SBA 7(a) and 504 loan data (FOIA).
- Not on file
- Enforcement actions, Mortgage lending (HMDA), 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 Locus Bank, Inc.
What are Locus Bank, Inc.'s total assets?
As of the Q2 2026 filing, Locus Bank, Inc. reported total assets of $359.4 million in its FFIEC call report.
Where is Locus Bank, Inc. headquartered?
It is headquartered in Richmond, VA, United States.
When was Locus Bank, Inc. founded?
It was established in 2008, per the FDIC institution directory.
Is Locus Bank, Inc. FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #58658). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates Locus Bank, Inc.?
Locus Bank, Inc.'s primary federal regulator is the Federal Reserve.
How many branches does Locus Bank, Inc. operate?
It operates 2 domestic offices, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is Locus Bank, Inc.'s Texas Ratio?
Its Texas Ratio is 2.40% 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.
What was Locus Bank, Inc. previously called?
The charter now named Locus Bank, Inc. has also operated as VCC Bank (2017-2023), per FDIC structure-change records.
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