The Bank of Monroe in Union, West Virginia (WV)
Overview, Financial Summary, Detailed Financial Reports, Branches


The Bank of Monroe - Overview

  • General
  • FDIC Certificate #: 6180
    Status: Active
    Federal Reserve ID: 849432
    Bank Holding Company (Regulatory Top Holder): Union Bankshares, Inc. (RSSDID: 2722892, Location: Union, WV)
    Date Established: November 03, 1903
    WWW: http://www.bomwv.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 2 (Domestic: 2, Interstate: No)
    FDIC's unique #: 4164
    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: All Other Specialization < 1 Billion
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: June 02, 2010
    Last Structure Change Process Date: June 02, 2010
    Last Data Update: June 02, 2010
    Data Source Date: April 05, 2012
  • Location
  • Address: 39 Main Street, Union, WV 24983
    County: Monroe
    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
  • Change in Location
  • Financial Summary
  • Total assets: $118.4 mil
    Equity capital: $15.2 mil
    Deposits held in domestic offices: $101.9 mil
    Return on assets (ROA): 0.96% ($1.1 mil)
    Quarterly return on assets: 0.82% ($1.0 mil)
    Return on Equity (ROE): 7.54% ($1.1 mil)
    Quarterly return on equity: 6.42% ($1.0 mil)
    Net income: $1.1 mil
    Quarterly Net income: $0.2 mil
    Pretax return on assets: 1.36% ($1,610.3 mil)
    Quarterly Pretax return on assets: 1.40% ($1,657.6 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
  • 29Total employees (full-time equivalent)
  • $118,402Total assets
  • $10,480Cash and due from depository institutions
  • $7,975Interest-bearing balances
  • $36,321Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $65,527Net loans & leases
  • $570Loan loss allowance
  • $0Trading account assets
  • $4,935Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $118,402Life insurance assets
  • $1,139All other assets
  • $103,172Total liabilities and capital
  • $101,897Total liabilities
  • $80,357Total deposits
  • $101,897Interest-bearing deposits
  • $97Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $1,275Subordinated debt
  • $15,230All other liabilities
  • $15,230Total equity capital
  • $15,230Total bank equity capital
  • $0Perpetual preferred stock
  • $100Common stock
  • $300Surplus
  • $14,830Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $484Income earned, not collected on loans
  • $0Earning assets
  • $509Long-term assets (5+ years)
  • $109,823Average Assets, year-to-date
  • $12,996Average Assets, quarterly
  • $116,977Volatile liabilities
  • $118,793Insider loans
  • $61,653FHLB advances
  • $118,727Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $15,713Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $3,647Restructured Loans and leases
  • $545Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $5,355Total interest income
  • $891Total interest expense
  • $4,464Net interest income
  • $98Provision for loan and lease losses
  • $591Total noninterest income
  • $0Fiduciary activities
  • $253Service charges on deposit accounts
  • $0Trading account gains & fees
  • $338Additional noninterest income
  • $3,365Total noninterest expense
  • $1,639Salaries and employee benefits
  • $400Premises and equipment expense
  • $1,326Additional noninterest expense
  • $1,592Pre-tax net operating income
  • $3Securities gains (losses)
  • $476Applicable income taxes
  • $1,119Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,119Net income attributable to bank
  • $0Net charge-offs
  • $1,119Cash dividends
  • $22Sale, conversion, retirement of capital stock, net
  • $140Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.92%Yield on earning assets
  • 0.82%Cost of funding earning assets
  • 4.10%Net interest margin
  • 0.54%Noninterest income to earning assets
  • 3.09%Noninterest expense to earning assets
  • 0.95%Net operating income to assets
  • 0.96%Return on assets (ROA)
  • 1.36%Pretax return on assets
  • 7.54%Return on equity (ROE)
  • 6.59%Retained earnings to average equity (YTD only)
  • 0.03%Net charge-offs to loans
  • 445.45%Credit loss provision to net charge-offs
  • 76.82%Efficiency ratio
  • 66,568Assets per employee
  • 4.08%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 12.51%Loss allowance to loans
  • 0.86%Loss allowance to noncurrent loans
  • 117.77%Noncurrent assets plus other real estate owned to assets
  • 0.41%Noncurrent loans to loans
  • 0.73%Net loans and leases to deposits
  • 64.31%Net loans and leases to core deposits
  • 65.77%Equity capital to assets
  • 12.86%Core capital (leverage) ratio
  • 13.23%Tier 1 risk-based capital ratio
  • 25.49%Total risk-based capital ratio
  • Memoranda
  • $26Average assets
  • $116,977Average earning assets
  • $14,846Average equity
  • $108,898Average loans

List of branches

  • 2 West Virginia Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    04164The Bank Of Monroe39 Main Street, Union, WV 24983November 03, 1903Full Service Brick and Mortar
    1363364Lewisburg Branch790 North Jefferson Street, Lewisburg, WV 24901Febuary 19, 2002Full Service Brick and Mortar

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