The Bank of Monroe in Union, West Virginia (WV)



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The Bank of Monroe routing number info

Table of contents:
The Bank of Monroe
GeneralFDIC 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
LocationAddress: 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 ChangesChange in Location
Financial SummaryTotal 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)
Total employees (full-time equivalent)29
Total assets$118,402
Cash and due from depository institutions$10,480
Interest-bearing balances$7,975
Securities$36,321
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$65,527
Loan loss allowance $570
Trading account assets$0
Bank premises and fixed assets$4,935
Other real estate owned$0
Goodwill and other intangibles$0
All other assets$1,139
Life insurance assets$118,402
Total liabilities and capital$103,172
Total liabilities$101,897
Total deposits$80,357
Interest-bearing deposits$101,897
Deposits held in domestic offices$97
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $1,275
All other liabilities $15,230
Total equity capital$15,230
Total bank equity capital$15,230
Perpetual preferred stock$0
Common stock$100
Surplus$300
Undivided profits $14,830
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 $484
Earning assets $0
Long-term assets (5+ years) $509
Average Assets, year-to-date $109,823
Average Assets, quarterly $12,996
Volatile liabilities $116,977
Insider loans $118,793
FHLB advances $61,653
Loans and leases held for sale $118,727
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $15,713
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $3,647
Derivatives$545
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $5,355
Total interest expense $891
Net interest income $4,464
Provision for loan and lease losses $98
Total noninterest income $591
Fiduciary activities $0
Service charges on deposit accounts $253
Trading account gains & fees $0
Additional noninterest income $338
Total noninterest expense $3,365
Salaries and employee benefits $1,639
Premises and equipment expense $400
Additional noninterest expense $1,326
Pre-tax net operating income $1,592
Securities gains (losses) $3
Applicable income taxes $476
Income before extraordinary items $1,119
Extraordinary gains - net $0
Net income attributable to bank $1,119
Net charge-offs $0
Cash dividends $1,119
Sale, conversion, retirement of capital stock, net $22
Net operating income $140
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.92%
Cost of funding earning assets 0.82%
Net interest margin 4.10%
Noninterest income to earning assets 0.54%
Noninterest expense to earning assets 3.09%
Net operating income to assets 0.95%
Return on assets (ROA) 0.96%
Pretax return on assets 1.36%
Return on equity (ROE) 7.54%
Retained earnings to average equity (YTD only) 6.59%
Net charge-offs to loans 0.03%
Credit loss provision to net charge-offs 445.45%
Efficiency ratio76.82%
Assets per employee$66,568
Cash dividends to net income (YTD only)4.08%
Condition Ratios (%)
Loss allowance to loans 12.51%
Loss allowance to noncurrent loans 0.86%
Noncurrent assets plus other real estate owned to assets 117.77%
Noncurrent loans to loans 0.41%
Net loans and leases to deposits0.73%
Net loans and leases to core deposits 64.31%
Equity capital to assets 65.77%
Core capital (leverage) ratio 12.86%
Tier 1 risk-based capital ratio 13.23%
Total risk-based capital ratio 25.49%
Memoranda
Average assets$26
Average earning assets$116,977
Average equity $14,846
Average loans $108,898
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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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