Mountain Valley Bank, N.A. in Elkins, West Virginia (WV)
| Mountain Valley Bank, N.A. | |
|---|---|
| General | FDIC Certificate #: 6786 Status: Active Federal Reserve ID: 1011432 Bank Holding Company (Regulatory Top Holder): Mountain-Valley Bancshares, Inc. (RSSDID: 1404641, Location: Elkins, WV) Date Established: January 01, 1909 WWW: http://www.mountainvalleybank.com Trust Powers Granted: No Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC) Offices: 4 (Domestic: 4, Interstate: No) OTS Docket #: 11246 FDIC's unique #: 4560 Numeric code: 3 Regulator: OCC 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: No Subchapter S Corporations: No Asset Concentration Hierarchy: Commercial Lending Specialization 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: 317 Davis Avenue, Elkins, WV 26241 County: Randolph 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 |
| History of Changes | Merge BIF and SAIF Funds into DIF |
| Financial Summary | Total assets: $118.5 mil Equity capital: $15.1 mil Deposits held in domestic offices: $100.6 mil Return on assets (ROA): 0.74% ($0.9 mil) Quarterly return on assets: 0.75% ($0.9 mil) Return on Equity (ROE): 5.65% ($0.8 mil) Quarterly return on equity: 5.80% ($0.9 mil) Net income: $0.9 mil Quarterly Net income: $0.2 mil Pretax return on assets: 1.04% ($1,232.8 mil) Quarterly Pretax return on assets: 1.07% ($1,268.3 mil) |
| Assets and Liabilities (December 31, 2011) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 43 |
| Total assets | $118,535 |
| Cash and due from depository institutions | $5,138 |
| Interest-bearing balances | $87 |
| Securities | $27,959 |
| Federal funds sold & reverse repurchase agreements | $1,700 |
| Net loans & leases | $80,344 |
| Loan loss allowance | $1,238 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $1,411 |
| Other real estate owned | $0 |
| Goodwill and other intangibles | $0 |
| All other assets | $1,983 |
| Life insurance assets | $118,535 |
| Total liabilities and capital | $103,460 |
| Total liabilities | $100,633 |
| Total deposits | $74,300 |
| Interest-bearing deposits | $100,633 |
| Deposits held in domestic offices | $96 |
| % insured (estimated) | 1387.00% |
| Federal funds purchased & repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $0 |
| Subordinated debt | $1,440 |
| All other liabilities | $15,075 |
| Total equity capital | $15,075 |
| Total bank equity capital | $15,075 |
| Perpetual preferred stock | $0 |
| Common stock | $600 |
| Surplus | $609 |
| Undivided profits | $13,866 |
| 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 | $380 |
| Earning assets | $0 |
| Long-term assets (5+ years) | $376 |
| Average Assets, year-to-date | $110,090 |
| Average Assets, quarterly | $57,513 |
| Volatile liabilities | $115,298 |
| Insider loans | $117,279 |
| FHLB advances | $71,529 |
| Loans and leases held for sale | $116,353 |
| Unused loan commitments | $0 |
| Tier 1 (core) risk-based capital | $0 |
| Tier 2 risk-based capital | $15,662 |
| Total risk weighted assets | $0 |
| Total unused commitments | $0 |
| Restructured Loans and leases | $11,421 |
| Derivatives | $593 |
| Income and Expense (December 31, 2011) (Dollar figures in thousands) | |
| Total interest income | $5,388 |
| Total interest expense | $604 |
| Net interest income | $4,784 |
| Provision for loan and lease losses | $545 |
| Total noninterest income | $794 |
| Fiduciary activities | $0 |
| Service charges on deposit accounts | $437 |
| Trading account gains & fees | $0 |
| Additional noninterest income | $357 |
| Total noninterest expense | $3,830 |
| Salaries and employee benefits | $2,114 |
| Premises and equipment expense | $329 |
| Additional noninterest expense | $1,387 |
| Pre-tax net operating income | $1,203 |
| Securities gains (losses) | $1 |
| Applicable income taxes | $352 |
| Income before extraordinary items | $852 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | $852 |
| Net charge-offs | $0 |
| Cash dividends | $852 |
| Sale, conversion, retirement of capital stock, net | $612 |
| Net operating income | $355 |
| Performance and Condition Ratios (December 31, 2011) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 5.03% |
| Cost of funding earning assets | 0.56% |
| Net interest margin | 4.46% |
| Noninterest income to earning assets | 0.74% |
| Noninterest expense to earning assets | 3.57% |
| Net operating income to assets | 0.74% |
| Return on assets (ROA) | 0.74% |
| Pretax return on assets | 1.04% |
| Return on equity (ROE) | 5.65% |
| Retained earnings to average equity (YTD only) | 3.30% |
| Net charge-offs to loans | 0.76% |
| Credit loss provision to net charge-offs | 89.05% |
| Efficiency ratio | 2.86% |
| Assets per employee | $68,663 |
| Cash dividends to net income (YTD only) | 2.76% |
| Condition Ratios (%) | |
| Loss allowance to loans | 41.67% |
| Loss allowance to noncurrent loans | 1.52% |
| Noncurrent assets plus other real estate owned to assets | 325.79% |
| Noncurrent loans to loans | 0.32% |
| Net loans and leases to deposits | 0.47% |
| Net loans and leases to core deposits | 79.84% |
| Equity capital to assets | 82.26% |
| Core capital (leverage) ratio | 12.72% |
| Tier 1 risk-based capital ratio | 13.46% |
| Total risk-based capital ratio | 21.90% |
| Memoranda | |
| Average assets | $23 |
| Average earning assets | $115,298 |
| Average equity | $15,073 |
| Average loans | $107,155 |
| 4 West Virginia Branches as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 0 | 4560 | Mountain Valley Bank, N.A. | 317 Davis Avenue, Elkins, WV 26241 | January 01, 1909 | Full Service Brick and Mortar |  |
| 2 | 231595 | Mill Creek Branch | Conrad Street And Route 219 South, Mill Creek, WV 26280 | September 04, 1984 | Full Service Brick and Mortar |  |
| 3 | 231596 | Elkins Branch | Chenoweth Creek Rd & Route 219 South, Elkins, WV 26241 | Febuary 12, 1985 | Full Service Brick and Mortar | |
| 4 | 212190 | Parsons Branch | 401 First Street, Parsons, WV 26287 | October 01, 1992 | Full Service Brick and Mortar | |
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