Bank of Mount Hope, Inc. in Mount Hope, West Virginia (WV)
Overview, Financial Summary, Detailed Financial Reports, Branches

Bank of Mount Hope, Inc. - Overview

  • General
  • FDIC Certificate #: 13017
    Status: Active
    Federal Reserve ID: 352820
    Bank Holding Company (Regulatory Top Holder): Mount Hope Bankshares, Inc. (RSSDID: 3186428, Location: Mount Hope, WV)
    Date Established: August 14, 1914
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 3 (Domestic: 3, Interstate: No)
    OTS Docket #: 9635
    FDIC's unique #: 8224
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: All Other Specialization < 1 Billion
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 602 Main Street, Mount Hope, WV 25880
    County: Fayette
    Quarterly Banking Profile Region: Atlanta
    FDIC Geographic Region: Atlanta
    FDIC Supervisory Region: Atlanta
    FDIC Field Office: Scott Depot
    Office of the Comptroller the Currency (OCC) District: Northeast
    Office of Thrift Supervision Region: Northeast
    Combined Statistical Area (CSA): Beckley-Oak Hill, WV (#138)
    Core Based Statistical Area (CBSA): Oak Hill, WV (#36060)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $126.6 mil
    Equity capital: $14.1 mil
    Deposits held in domestic offices: $97.7 mil
    Return on assets (ROA): 1.05% ($1.3 mil)
    Quarterly return on assets: 1.31% ($1.7 mil)
    Return on Equity (ROE): 9.65% ($1.4 mil)
    Quarterly return on equity: 11.90% ($1.7 mil)
    Net income: $1.3 mil
    Quarterly Net income: $0.4 mil
    Pretax return on assets: 1.52% ($1,924.4 mil)
    Quarterly Pretax return on assets: 1.82% ($2,304.2 mil)

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2011)

  • Dollar figures in thousands
  • 34Total employees (full-time equivalent)
  • $126,606Total assets
  • $8,048Cash and due from depository institutions
  • $4,390Interest-bearing balances
  • $57,137Securities
  • $530Federal funds sold & reverse repurchase agreements
  • $58,076Net loans & leases
  • $676Loan loss allowance
  • $0Trading account assets
  • $1,149Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $126,606Life insurance assets
  • $1,666All other assets
  • $112,536Total liabilities and capital
  • $97,738Total liabilities
  • $73,940Total deposits
  • $97,738Interest-bearing deposits
  • $91Deposits held in domestic offices
  • 524.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $13,500Trading liabilities
  • $0Other borrowed funds
  • $774Subordinated debt
  • $14,070All other liabilities
  • $14,070Total equity capital
  • $14,070Total bank equity capital
  • $0Perpetual preferred stock
  • $775Common stock
  • $910Surplus
  • $12,385Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $150Income earned, not collected on loans
  • $0Earning assets
  • $558Long-term assets (5+ years)
  • $120,133Average Assets, year-to-date
  • $67,028Average Assets, quarterly
  • $123,663Volatile liabilities
  • $127,459Insider loans
  • $53,757FHLB advances
  • $129,085Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $13,309Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $6,784Restructured Loans and leases
  • $1,819Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $4,733Total interest income
  • $965Total interest expense
  • $3,768Net interest income
  • $34Provision for loan and lease losses
  • $1,149Total noninterest income
  • $0Fiduciary activities
  • $1,097Service charges on deposit accounts
  • $0Trading account gains & fees
  • $52Additional noninterest income
  • $2,996Total noninterest expense
  • $1,597Salaries and employee benefits
  • $273Premises and equipment expense
  • $1,126Additional noninterest expense
  • $1,887Pre-tax net operating income
  • -$2Securities gains (losses)
  • $591Applicable income taxes
  • $1,294Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,294Net income attributable to bank
  • $0Net charge-offs
  • $1,294Cash dividends
  • $12Sale, conversion, retirement of capital stock, net
  • $408Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.03%Yield on earning assets
  • 0.82%Cost of funding earning assets
  • 3.21%Net interest margin
  • 0.98%Noninterest income to earning assets
  • 2.55%Noninterest expense to earning assets
  • 1.05%Net operating income to assets
  • 1.05%Return on assets (ROA)
  • 1.52%Pretax return on assets
  • 9.65%Return on equity (ROE)
  • 6.61%Retained earnings to average equity (YTD only)
  • 0.02%Net charge-offs to loans
  • 283.33%Credit loss provision to net charge-offs
  • 160.08%Efficiency ratio
  • 60,931Assets per employee
  • 3.72%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 31.53%Loss allowance to loans
  • 1.15%Loss allowance to noncurrent loans
  • 450.67%Noncurrent assets plus other real estate owned to assets
  • 0.12%Noncurrent loans to loans
  • 0.26%Net loans and leases to deposits
  • 59.42%Net loans and leases to core deposits
  • 62.48%Equity capital to assets
  • 11.11%Core capital (leverage) ratio
  • 10.31%Tier 1 risk-based capital ratio
  • 24.76%Total risk-based capital ratio
  • Memoranda
  • $26Average assets
  • $123,663Average earning assets
  • $13,403Average equity
  • $117,300Average loans

List of branches

  • 3 West Virginia Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    08224Bank Of Mount Hope, Inc.602 Main Street, Mount Hope, WV 25880August 14, 1914Full Service Brick and Mortar
    3228745Beckley Branch204 Pinewood Drive, Beckley, WV 25801Febuary 15, 1995Full Service Brick and Mortar
    4228746Oak Hill Branch835 East Main Street, Oak Hill, WV 25901March 08, 1999Full Service Brick and Mortar

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