Clear Mountain Bank in Bruceton Mills, West Virginia (WV), MD
Overview, Financial Summary, Detailed Financial Reports, Branches


  • Clear Mountain Bank in Bruceton Mills, West Virginia (WV), MD
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Clear Mountain Bank - Overview

  • General
  • FDIC Certificate #: 2443
    Status: Active
    Federal Reserve ID: 886624
    Bank Holding Company (Regulatory Top Holder): State Bancorp, Inc. (RSSDID: 1076150, Location: Bruceton Mills, WV)
    Date Established: January 01, 1931
    WWW: http://www.clearmountainbank.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 11 (Domestic: 11, Interstate: Yes)
    OTS Docket #: 12776
    FDIC's unique #: 1598
    Numeric code: 13
    Regulator: FED
    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: Commercial Lending Specialization
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: May 28, 2010
    Last Structure Change Process Date: May 28, 2010
    Last Data Update: May 28, 2010
    Data Source Date: April 05, 2012
  • Location
  • Address: 160 Morgantown St, Bruceton Mills, WV 26525
    County: Preston
    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
    Core Based Statistical Area (CBSA): Morgantown, WV (#34060)
    CBSA Metro Statistical Area: Morgantown, WV (#34060)
  • History of Changes
  • Change in Location
  • Financial Summary
  • Total assets: $425.8 mil
    Equity capital: $40.5 mil
    Deposits held in domestic offices: $376.0 mil
    Return on assets (ROA): 1.06% ($4.5 mil)
    Quarterly return on assets: 0.94% ($4.0 mil)
    Return on Equity (ROE): 11.22% ($4.6 mil)
    Quarterly return on equity: 9.78% ($4.0 mil)
    Net income: $4.3 mil
    Quarterly Net income: $1.0 mil
    Pretax return on assets: 1.67% ($7,111.1 mil)
    Quarterly Pretax return on assets: 1.62% ($6,898.2 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
  • 130Total employees (full-time equivalent)
  • $425,815Total assets
  • $22,190Cash and due from depository institutions
  • $12,591Interest-bearing balances
  • $54,647Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $327,660Net loans & leases
  • $4,421Loan loss allowance
  • $0Trading account assets
  • $11,362Bank premises and fixed assets
  • $1,098Other real estate owned
  • $6Goodwill and other intangibles
  • $425,815Life insurance assets
  • $8,852All other assets
  • $385,290Total liabilities and capital
  • $376,002Total liabilities
  • $293,738Total deposits
  • $376,002Interest-bearing deposits
  • $95Deposits held in domestic offices
  • 7385.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $1,903Subordinated debt
  • $40,525All other liabilities
  • $40,525Total equity capital
  • $40,525Total bank equity capital
  • $0Perpetual preferred stock
  • $376Common stock
  • $1,574Surplus
  • $38,575Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $1,208Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $3,296Income earned, not collected on loans
  • $0Earning assets
  • $1,412Long-term assets (5+ years)
  • $394,898Average Assets, year-to-date
  • $197,207Average Assets, quarterly
  • $410,755Volatile liabilities
  • $419,300Insider loans
  • $282,722FHLB advances
  • $417,198Loans and leases held for sale
  • $4,252Unused loan commitments
  • $4,252Tier 1 (core) risk-based capital
  • $40,481Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $42,498Restructured Loans and leases
  • $5,172Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $20,812Total interest income
  • $5,009Total interest expense
  • $15,803Net interest income
  • $1,900Provision for loan and lease losses
  • $5,535Total noninterest income
  • $0Fiduciary activities
  • $2,652Service charges on deposit accounts
  • $0Trading account gains & fees
  • $2,883Additional noninterest income
  • $12,598Total noninterest expense
  • $6,349Salaries and employee benefits
  • $1,330Premises and equipment expense
  • $4,919Additional noninterest expense
  • $6,840Pre-tax net operating income
  • $0Securities gains (losses)
  • $2,491Applicable income taxes
  • $4,349Income before extraordinary items
  • $0Extraordinary gains - net
  • $4,349Net income attributable to bank
  • $0Net charge-offs
  • $4,349Cash dividends
  • $1,510Sale, conversion, retirement of capital stock, net
  • $757Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.42%Yield on earning assets
  • 1.30%Cost of funding earning assets
  • 4.12%Net interest margin
  • 1.44%Noninterest income to earning assets
  • 3.28%Noninterest expense to earning assets
  • 1.06%Net operating income to assets
  • 1.06%Return on assets (ROA)
  • 1.67%Pretax return on assets
  • 11.22%Return on equity (ROE)
  • 9.27%Retained earnings to average equity (YTD only)
  • 0.47%Net charge-offs to loans
  • 125.83%Credit loss provision to net charge-offs
  • 5.79%Efficiency ratio
  • 58,712Assets per employee
  • 3.28%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 17.41%Loss allowance to loans
  • 1.33%Loss allowance to noncurrent loans
  • 134.13%Noncurrent assets plus other real estate owned to assets
  • 1.03%Noncurrent loans to loans
  • 0.99%Net loans and leases to deposits
  • 87.14%Net loans and leases to core deposits
  • 94.69%Equity capital to assets
  • 9.52%Core capital (leverage) ratio
  • 9.70%Tier 1 risk-based capital ratio
  • 14.32%Total risk-based capital ratio
  • Memoranda
  • $16Average assets
  • $410,755Average earning assets
  • $38,769Average equity
  • $383,891Average loans

List of branches

  • 1 Maryland Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    8334313Oakland Branch12730 Garrett Highway, Oakland, MD 21550September 03, 1998Full Service Brick and Mortar
  • 10 West Virginia Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    01598Clear Mountain Bank160 Morgantown St, Bruceton Mills, WV 26525January 01, 1931Full Service Brick and Mortar
    1192658Reedsville OfficeRoute 7 & 92, Reedsville, WV 26547September 09, 1982Full Service Brick and Mortar
    2192659Kingwood Office330 East Main Street, Kingwood, WV 26537October 29, 1984Full Service Brick and Mortar
    3192660Glenmark Centre102 Venture Dr., Suite 1, Morgantown, WV 26508April 17, 1988Full Service Brick and Mortar
    4192661Sabraton Branch- Kroger Store1851 Earl Core Rd., Morgantown, WV 26505March 05, 1990Full Service Retail
    5192662Suncrest Office - Kroger Store350 Patteson Drive, Morgantown, WV 26505January 21, 1991Full Service Retail
    6439672Earl Core Road1889 Earl Core Road, Morgantown, WV 26505March 21, 2005Full Service Brick and Mortar
    79671The Terra Alta Bank Branch1101 East State Street, Terra Alta, WV 26764October 21, 1891Full Service Brick and Mortar
    94569Rowlesburg Branch30 East Main Street, Rowlesburg, WV 26425January 01, 1912Full Service Brick and Mortar
    10474008Towne Centre Branch502 Suncrest Town Center Drive, Morgantown, WV 26505March 31, 2008Full Service Retail

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