Asset Quality ranking · Virginia · Call report data as of September 30, 2026
Virginia Banks: Highest Auto Loan Charge-Offs
Citizens and Farmers Bank has the highest auto loan net charge-off rate of the 9 ranked banks headquartered in Virginia, at 2.90% as of September 30, 2026. The median among the 9 ranked Virginia banks is 0.40%, against 0.39% for all US banks.
This list ranks Virginia banks by auto loan net charge-off rate. For the largest banks headquartered in Virginia, see largest banks in Virginia.
- No. 1 in Virginia
- Citizens and Farmers Bank
- Its Auto charge-off rate
- 2.90%
- Virginia median
- 0.40%
- Banks ranked
- 9
Ranked among banks headquartered in Virginia, numbered 1 to 9 within the state from the same population as the national list. Browse every bank in the Virginia bank directory.
Top 9 Virginia banks by auto loan net charge-off rate
Highest first. Select a column heading to sort. The gap column shows each bank's distance from the Virginia median of 0.40%. Missing values show as a dash and sort last.
| 1 | Citizens and Farmers Bank West Point, VA | 2.90% | $2.79B $1B to $10B |
| 2 | Capital One, N.A. McLean, VA | 1.59% | $661.46B $100B and over |
| 3 | Farmers & Merchants Bank Timberville, VA | 1.58% | $1.42B $1B to $10B |
| 4 | TowneBank Portsmouth, VA | 0.53% | $22.18B $10B to $100B |
| 5 | Atlantic Union Bank Richmond, VA | 0.40% | $38.27B $10B to $100B |
| 6 | First National Bank Altavista, VA | 0.33% | $1.09B $1B to $10B |
| 7 | First Sentinel Bank Richlands, VA | 0.29% | $413.6M $100M to $1B |
| 8 | United Bank Fairfax, VA | 0.28% | $34.12B $10B to $100B |
| 9 | The Bank of Southside Virginia Carson, VA | 0.06% | $683.8M $100M to $1B |
Screen every bank in Virginia by size, capital, credit and earnings in the screener. Free account, no card. Open the screener →
Definition and formula
The auto loan net charge-off rate is automobile loans written off as uncollectible, less recoveries on loans written off earlier, as an annualized percent of average automobile loans.
Auto loan net charge-off rate = (Automobile loan charge-offs - Automobile loan recoveries), annualized / Average automobile loans
The glossary entry for Auto Loans explains each term, the call report items behind it and a worked example.
Which banks are ranked
This list ranks the 9 banks headquartered in Virginia that meet every rule below, using each bank's latest FFIEC call report (data as of September 30, 2026).
- Banks with at least $100M in total assets, so a ratio on a very small balance sheet cannot lead the list.
- Banks with at least $25M in automobile loans, so a rate on a few loans cannot lead the list.
- Lending institutions only: charters with loans under 5% of assets, mostly trust and custody banks, are not ranked.
- Charters the regulator has closed, merged or converted are excluded.
- Each bank charter ranks on its own; holding companies are not combined.
What moves the auto loan net charge-off rate
Auto charge-offs rise when borrowers fall behind and the repossessed vehicle sells for less than the loan balance, so used-car prices matter as much as borrower credit. Lenders that buy loans through dealers, lend to borrowers with lower credit scores or offer long terms run higher rates. The rate is net of what the bank recovers from selling repossessed cars, so a fall in used-car prices can raise it even when delinquency is flat.
Frequently asked questions
Which bank in Virginia has the highest auto loan net charge-off rate?
Citizens and Farmers Bank has the highest auto loan net charge-off rate of the 9 ranked banks headquartered in Virginia, at 2.90% as of September 30, 2026, according to its FFIEC call report. Capital One, N.A. ranks second at 1.59%. The median is 0.40%.
What is the median auto loan net charge-off rate among ranked US banks?
As of Q3 2026, auto loan net charge-off rate for the middle half of the 199 ranked US banks ran from 0.10% to 0.72%, and the median was 0.39%. Compare a bank with peers of the same size and business model rather than with the top of this list. See the Auto Loans glossary entry.
How is the auto loan net charge-off rate calculated?
Auto loan net charge-off rate = (Automobile loan charge-offs - Automobile loan recoveries), annualized / Average automobile loans. Each bank charter is ranked on its own; holding companies are not combined. See the Auto Loans glossary entry.
The same ranking in other states
Other Virginia rankings
More asset quality rankings
Source: FFIEC call reports for the quarter ended September 30, 2026, refreshed as each quarter's filings are processed. See data updates for the current freshness window. Next update: Q4 2026 Call Reports are due February 1, 2027; we expect them on the platform by mid-February 2027.
All bank rankings · Bank metrics glossary · List of all US banks