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Overview / Commentary
10 Commerce Bank
Williamson, WV 25661

Bank of Mingo is headquartered in Williamson and is the 48th largest bank in the state of West Virginia. It is also the 4,635th largest bank in the nation. It was established in 1976 and as of March of 2014, it had grown to 49 employees at 6 locations. Bank of Mingo has a C+ health rating.

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Data for Q1 2014

Institution Health


Texas Ratio


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 Mingo had $3.54 million in non-current loans and owned real-estate with $15.71 million in equity and loan loss allowances on hand to cover it. This gives Bank of Mingo a Texas Ratio of 22.53% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for Bank of Mingo experienced no significant changes from 17.99% as of March 31, 2013 to 22.53% as of March 31, 2014, resulting in a negative change of 25.24%. This indicates that the balance sheet and financial strength for Bank of Mingo has had no significant changes in recent periods.

Deposit Growth


In the past year, Bank of Mingo has decreased its total deposits by -$6.37 million, resulting in -6.72% 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 Mingo has shown is below average.



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 Mingo has $104.17 million in assets with $15.71 million in equity, resulting in a capitalization level of 15.08%, which is excellent.

Institution Statistics

FDIC Certificate #22273
Year Established1976
Primary RegulatorFDIC
Assets and Liabilities
Assets$104.17 million
Loans$43.47 million
Deposits$88.43 million
Equity Capital$13.31 million
Loan Loss Allowance$2.40 million
Unbacked Noncurrent Loans$2.69 million
Real Estate Owned$847,000
Historic Data - March 2013
Assets$112.07 million
Equity Capital$17.04 million
Loan Loss Allowance$1.15 million
Unbacked Noncurrent Loans$2.69 million
Real Estate Owned$757,000
Profit Margin - Quarterly
Return on Assets-0.02%
Return on Equity-0.18%
Interest Income$1.04 million

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Bank of Mingo Locations
Bank Of Mingo10 Commerce BankWilliamson, WV 25661
Williamson Branch406 Dickinson StreetWilliamson, WV 25661
Naugatuck BranchIntersection Of US Route 52 and State Route 65Naugatuck, WV 25685
Matewan BranchSouthwest Corner Of Bridge and Mate StreetMatewan, WV 25678
Gilbert BranchStafford Street and Second AvenueGilbert, WV 25621
Delbarton BranchU.S. Highway 52 and State Route 65Delbarton, WV 25670