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Overview / Commentary
304-725-8431
111 East Washington Street
Charles Town, WV 25414

Bank of Charles Town is headquartered in Charles Town and is the 17st largest bank in the state of West Virginia. It is also the 2,182nd largest bank in the nation. It was established in 1870 and as of March of 2014, it had grown to 96 employees at 6 locations. Bank of Charles Town has a B+ health rating.

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Health

Data for Q1 2014

Institution Health

B+

Texas Ratio

GRADE:
B

The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 Bank of Charles Town had $6.54 million in non-current loans and owned real-estate with $32.54 million in equity and loan loss allowances on hand to cover it. This gives Bank of Charles Town a Texas Ratio of 20.10% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
A

The Texas Ratio for Bank of Charles Town decreased dramatically from 29.58% as of March 31, 2013 to 20.10% as of March 31, 2014, resulting in a positive change of 32.04%.This indicates that the balance sheet and financial strength for Bank of Charles Town has improved dramatically in recent periods.

Deposit Growth

GRADE:
C+

In the past year, Bank of Charles Town has decreased its total deposits by -$2.12 million, resulting in -0.81% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Bank of Charles Town has shown is average.

Capitalization

GRADE:
B+

Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Bank of Charles Town has $299.86 million in assets with $32.54 million in equity, resulting in a capitalization level of 10.85%, which is above average.

Institution Statistics

Overall
FDIC Certificate #9023
Year Established1870
Employees96
Primary RegulatorFDIC
Assets and Liabilities
Assets$299.86 million
Loans$239.11 million
Deposits$260.46 million
Equity Capital$29.09 million
Loan Loss Allowance$3.45 million
Unbacked Noncurrent Loans$3.88 million
Real Estate Owned$2.66 million
Historic Data - March 2013
Assets$295.91 million
Equity Capital$26.37 million
Loan Loss Allowance$3.49 million
Unbacked Noncurrent Loans$3.88 million
Real Estate Owned$4.63 million
Profit Margin - Quarterly
Net Interest Margin3.89%
Return on Assets0.5%
Return on Equity5.12%
Interest Income$2.95 million
Rates

Always verify rates and promotions with the bank or credit union. We are not Bank of Charles Town, we are a rate comparison website and can not provide official rates or promotions.

Bank of Charles Town Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.05%--Savings Account
0.05%--Centsables Savings
0.05%--Christmas Club

Bank of Charles Town Money Market Rates

DetailsAPYMINMAXPRODUCT
0.20%$100k-Peak Performance Money Market

Bank of Charles Town Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.10%$25k-Active Plus Checking
0.10%$25k-Experience Plus Checking
0.10%$25k-Community Plus Checking
0.10%$25k-Business Plus Checking

Bank of Charles Town CD Rates

DetailsAPYMINMAXPRODUCT
1.00%$1k-60 Month CD
0.75%$1k-48 Month CD
0.55%$1k-36 Month CD
0.40%$1k-30 Month CD
0.35%$1k-24 Month CD
0.25%$1k-18 Month CD
0.20%$1k-12 Month CD
0.10%$1k-182 Day CD
0.05%$1k-91 Day CD

Bank of Charles Town IRA Rates

DetailsAPYMINMAXPRODUCT
1.00%$500-60 Month IRA CD
0.75%$500-48 Month IRA CD
0.55%$500-36 Month IRA CD
0.40%$500-30 Month IRA CD
0.35%$500-24 Month IRA CD
0.25%$500-18 Month IRA CD
0.20%$500-12 Month IRA CD
Locations


Bank of Charles Town Locations
Bank Of Charles Town111 East Washington StreetCharles Town, WV 25414
Hedgesville Branch119 Cowardly Lion DriveHedgesville, WV 25427
Harpers Ferry Branch1318 Washington StreetHarpers Ferry, WV 25425
Kearneysville Branch5480 Charles Town RoadKearneysville, WV 25430
Martinsburg Branch9738 Tuscarora PikeMartinsburg, WV 25403