How profitable a bank is has an effect on its long-term survivability. A bank can retain its earnings, giving a boost to its capital cushion, or use them to address problematic loans, potentially making the bank more resilient in tough times. Losses, on the other hand, reduce a bank's ability to do those things.
The Trust Company of Virginia did above-average on Bankrate's test of earnings, achieving a score of 22 out of a possible 30.
Return on equity, calculated by dividing net income (essentially, profit) by total equity, is one important measure of a bank's earnings. The most recent annualized quarterly return on equity for The Trust Company of Virginia was 12.29 percent, above the national average of 9.28 percent.
The bank recorded net income of $480,000 on total equity of $7.4 million for the twelve months ended June 30, 2017. The bank experienced an annualized return on average assets, or ROA, of 10.90 percent, above the 1 percent deemed satisfactory in accordance with industry standards, and above the average for U.S. banks of 1.14 percent.