Bank of Mount Hope, Inc. in Mount Hope, West Virginia (WV)



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Bank of Mount Hope, Inc. routing number info

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Bank of Mount Hope, Inc.
GeneralFDIC 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
WWW: http://www.mthopebank.com
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
LocationAddress: 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 ChangesMerge BIF and SAIF Funds into DIF
Financial SummaryTotal 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)
Total employees (full-time equivalent)34
Total assets$126,606
Cash and due from depository institutions$8,048
Interest-bearing balances$4,390
Securities$57,137
Federal funds sold & reverse repurchase agreements$530
Net loans & leases$58,076
Loan loss allowance $676
Trading account assets$0
Bank premises and fixed assets$1,149
Other real estate owned$0
Goodwill and other intangibles$0
All other assets$1,666
Life insurance assets$126,606
Total liabilities and capital$112,536
Total liabilities$97,738
Total deposits$73,940
Interest-bearing deposits$97,738
Deposits held in domestic offices$91
% insured (estimated)524.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$13,500
Other borrowed funds $0
Subordinated debt $774
All other liabilities $14,070
Total equity capital$14,070
Total bank equity capital$14,070
Perpetual preferred stock$0
Common stock$775
Surplus$910
Undivided profits $12,385
Memoranda
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $150
Earning assets $0
Long-term assets (5+ years) $558
Average Assets, year-to-date $120,133
Average Assets, quarterly $67,028
Volatile liabilities $123,663
Insider loans $127,459
FHLB advances $53,757
Loans and leases held for sale $129,085
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $13,309
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $6,784
Derivatives$1,819
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $4,733
Total interest expense $965
Net interest income $3,768
Provision for loan and lease losses $34
Total noninterest income $1,149
Fiduciary activities $0
Service charges on deposit accounts $1,097
Trading account gains & fees $0
Additional noninterest income $52
Total noninterest expense $2,996
Salaries and employee benefits $1,597
Premises and equipment expense $273
Additional noninterest expense $1,126
Pre-tax net operating income $1,887
Securities gains (losses) -$2
Applicable income taxes $591
Income before extraordinary items $1,294
Extraordinary gains - net $0
Net income attributable to bank $1,294
Net charge-offs $0
Cash dividends $1,294
Sale, conversion, retirement of capital stock, net $12
Net operating income $408
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.03%
Cost of funding earning assets 0.82%
Net interest margin 3.21%
Noninterest income to earning assets 0.98%
Noninterest expense to earning assets 2.55%
Net operating income to assets 1.05%
Return on assets (ROA) 1.05%
Pretax return on assets 1.52%
Return on equity (ROE) 9.65%
Retained earnings to average equity (YTD only) 6.61%
Net charge-offs to loans 0.02%
Credit loss provision to net charge-offs 283.33%
Efficiency ratio160.08%
Assets per employee$60,931
Cash dividends to net income (YTD only)3.72%
Condition Ratios (%)
Loss allowance to loans 31.53%
Loss allowance to noncurrent loans 1.15%
Noncurrent assets plus other real estate owned to assets 450.67%
Noncurrent loans to loans 0.12%
Net loans and leases to deposits0.26%
Net loans and leases to core deposits 59.42%
Equity capital to assets 62.48%
Core capital (leverage) ratio 11.11%
Tier 1 risk-based capital ratio 10.31%
Total risk-based capital ratio 24.76%
Memoranda
Average assets$26
Average earning assets$123,663
Average equity $13,403
Average loans $117,300
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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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