BCBank, Inc.
BCBank, Inc. is headquartered in Philippi and is the 47th largest bank in the state of West Virginia. It is also the 4,491st largest bank in the nation. It was established in 1970 and as of March of 2014, it had grown to 32 employees at 3 locations. BCBank, Inc. has a B health rating.
Community Bank
Excellent customer service. Nice to still have community owned and operated banks in existence.
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 BCBank, Inc. had $3.35 million in non-current loans and owned real-estate with $12.34 million in equity and loan loss allowances on hand to cover it. This gives BCBank, Inc. a Texas Ratio of 27.19% 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 BCBank, Inc. decreased slightly from 31.72% as of March 31, 2013 to 27.19% as of March 31, 2014, resulting in a positive change of 14.31%.This indicates that the balance sheet and financial strength for BCBank, Inc. has improved slightly in recent periods.
Deposit Growth
In the past year, BCBank, Inc. has decreased its total deposits by $-587,000, resulting in -0.6% 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 BCBank, Inc. has shown is 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. BCBank, Inc. has $110.01 million in assets with $12.34 million in equity, resulting in a capitalization level of 11.21%, which is excellent.
Institution Statistics
| Overall | |
|---|---|
| FDIC Certificate # | 20215 |
| Year Established | 1970 |
| Employees | 32 |
| Primary Regulator | FED |
| Assets and Liabilities | |
|---|---|
| Assets | $110.01 million |
| Loans | $61.03 million |
| Deposits | $96.57 million |
| Equity Capital | $11.41 million |
| Loan Loss Allowance | $925,000 |
| Unbacked Noncurrent Loans | $870,000 |
| Real Estate Owned | $2.48 million |
| Historic Data - March 2013 | |
|---|---|
| Assets | $109.98 million |
| Equity Capital | $11.08 million |
| Loan Loss Allowance | $901,000 |
| Unbacked Noncurrent Loans | $870,000 |
| Real Estate Owned | $2.71 million |
| Profit Margin - Quarterly | |
|---|---|
| Net Interest Margin | 3.58% |
| Return on Assets | 0.58% |
| Return on Equity | 5.58% |
| Interest Income | $956,000 |
Sorry, we do not have rate data for BCBank, Inc.
| BCBank, Inc. Locations | ||
|---|---|---|
| Bcbank, Inc. | 107 Pike Street | Philippi, WV 26416 |
| Nutter Fort Office | 1105 Buckhannon Pike | Nutter Fort, WV 26301 |
| Fairmont Branch | 936 East Park Avenue | Fairmont, WV 26554 |