Bank of Gassaway

Bank of Gassaway is headquartered in Gassaway and is the 33^rd largest bank in the state of West Virginia. It is also the 3,561^st largest bank in the nation. It was established in 1905 and as of December of 2011, it had grown to 50 employees at 6 locations. Bank of Gassaway has a 5-star health rating.

Bank of Gassaway Routing Number: 051502748

Data for Q4 2011

Institution Statistics Bank of Gassaway FDIC Certificate # 15397 BankRate Report View Year Established 1905 Employees 50 Primary Regulator FED Assets and Liabilities Assets $166.50 million Loans $87.38 million Deposits $142.34 million Equity Capital $23.09 million Loan Loss Allowance $1.35 million Unbacked Noncurrent Loans $1.04 million Real Estate Owned $38,000 Historic Data - December 2010 Assets $162.10 million Equity Capital $21.49 million Loan Loss Allowance $1.36 million Unbacked Noncurrent Loans $1.15 million Profit Margin - Quarterly Net Interest Margin 4.16% Return on Assets 0.57% Return on Equity 4.27% Interest Income $7.51 million

Institution Health Overall Score: 5 out of 5 Texas Ratio The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2011 Bank of Gassaway had $1.07 million in non-current loans and owned real-estate with $24.44 million in equity and loan loss allowances on hand to cover it. This gives Bank of Gassaway a Texas Ratio of 4.39% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk. Texas Ratio Trend The Texas Ratio for Bank of Gassaway held steady from 5.02% as of December 31, 2010 to 4.39% as of December 31, 2011, resulting in a positive change of 12.55%.This indicates that the balance sheet and financial strength for Bank of Gassaway has held steady in recent periods. Deposit Growth In the past year, Bank of Gassaway has increased its total deposits by $2.7 million, resulting in 1.93% 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 Gassaway has shown is above average. Capitalization 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 Gassaway has $166.5 million in assets with $24.44 million in equity, resulting in a capitalization level of 14.68%, which is excellent.

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