Belmont Savings Bank (OH)
Belmont Savings Bank (OH) is headquartered in Bellaire and is the 37th largest bank in the state of Ohio. It is also the 1,153rd largest bank in the nation. It was established in 1886 and as of December of 2013, it had grown to 58 employees at 4 locations. Belmont Savings Bank (OH)'s savings rates are 40% higher than the national average, and it has a B+ health rating.
1-44 Family Mortgage Ratio As Reported.
Please note the following:
Per UBPR of 3/31/2011, Belmont Savings Bank's UBPR Report, page 9, breaks out the Bank's percentage of assets as follows: Loans net 15.91% of assets, GNMA-FNMA--FHLMC MBS Passthroughs HTM 54.99% and AFS 26.02. The PASSTHROUGHS carry the full faith and credit of the US Treasury. When you report that the 1-4 family mortgage/loans is 75.28%, I believe that distorts the true financial makeup of the bank's balance sheet. You are correct that the bank's dependency ratio is high, but please note that only 1/3rd of the bank's MBS' are pledged and that the bank's MBS portfolio was $$349,458,287 as of 3/31/2011, and that makes up 81% of the bank's assets. The issue over fees being low is recognized by Management and the Board of Directors, and also that the deposit customer s of the bank are the actual owners in a mutual institution. You are correct in the analysis of the dependency ratio, however, only 1/3rd of the MBS' are pledged, and that leaves over $200,000,000.00 not pledged. Liquidity is an issue that is viewed in many ways and this is open to how one views liquidity. The Teaxs ratio of this Bank was 5.88% as of 3/31/2011. I believe that covers any questions about the coverage ratio of Belmont Savings Bank. Thank you for allowing me to comment on your website. Thomas Poe, President and CEO of Belmont Savings Bank- Bellaire, Ohio.
Data for Q4 2013
Institution Health
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, 2013 Belmont Savings Bank (OH) had $4.29 million in non-current loans and owned real-estate with $49.65 million in equity and loan loss allowances on hand to cover it. This gives Belmont Savings Bank (OH) a Texas Ratio of 8.65% 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 Belmont Savings Bank (OH) experienced no significant changes from 7.06% as of December 31, 2012 to 8.65% as of December 31, 2013, resulting in a negative change of 22.59%. This indicates that the balance sheet and financial strength for Belmont Savings Bank (OH) has had no significant changes in recent periods.
Deposit Growth
In the past year, Belmont Savings Bank (OH) has increased its total deposits by $259,000, resulting in 0.07% 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 Belmont Savings Bank (OH) 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. Belmont Savings Bank (OH) has $574.28 million in assets with $49.65 million in equity, resulting in a capitalization level of 8.64%, which is average.
Institution Statistics
| Overall | |
|---|---|
| FDIC Certificate # | 28348 |
| Year Established | 1886 |
| Employees | 58 |
| Primary Regulator | FDIC |
| Assets and Liabilities | |
|---|---|
| Assets | $574.28 million |
| Loans | $84.33 million |
| Deposits | $349.74 million |
| Equity Capital | $47.91 million |
| Loan Loss Allowance | $1.73 million |
| Unbacked Noncurrent Loans | $4.29 million |
| Real Estate Owned | $0 |
| Historic Data - December 2012 | |
|---|---|
| Assets | $481.04 million |
| Equity Capital | $46.20 million |
| Loan Loss Allowance | $1.04 million |
| Unbacked Noncurrent Loans | $4.29 million |
| Real Estate Owned | $0 |
| Profit Margin - Quarterly | |
|---|---|
| Net Interest Margin | 2.37% |
| Return on Assets | 0.52% |
| Return on Equity | 5.85% |
| Interest Income | $16.72 million |
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Belmont Savings Bank (OH) Savings Account Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 0.73% | $75k | - | Golden Passbook | |
| 0.13% | $50 | - | IRA Passbook | |
| 0.13% | $50 | - | ROTH IRA Passbook | |
| 0.13% | $50 | - | ED IRA Passbook | |
| 0.13% | $100 | - | Regular Passbook Savings | |
| 0.13% | - | - | Christmas Club |
Belmont Savings Bank (OH) Checking Account Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 0.13% | $100 | - | Now Account |
Belmont Savings Bank (OH) CD Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 1.46% | $500 | - | 48 Month CD | |
| 1.46% | $2,500 | - | 48 Month Step Up CD | |
| 1.36% | $500 | - | 30 Month CD | |
| 1.36% | $2,500 | - | 30 Month Step Up CD | |
| 1.26% | $500 | - | 24 Month CD | |
| 1.21% | $500 | - | 18 Month CD | |
| 1.11% | $500 | - | 12 Month CD | |
| 0.76% | $500 | - | 6 Month CD |
Belmont Savings Bank (OH) IRA Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 1.46% | $500 | - | 48 Month IRA | |
| 1.46% | $500 | - | 48 Month ROTH IRA | |
| 1.46% | $500 | - | 48 Month ED IRA | |
| 1.36% | $500 | - | 36 Month IRA | |
| 1.36% | $500 | - | 36 Month ROTH IRA | |
| 1.36% | $500 | - | 36 Month ED IRA | |
| 1.26% | $500 | - | 24 Month IRA | |
| 1.26% | $500 | - | 24 Month ROTH IRA | |
| 1.26% | $500 | - | 24 Month ED IRA | |
| 1.21% | $500 | - | 18 Month IRA | |
| 1.21% | $500 | - | 18 Month ROTH IRA | |
| 1.21% | $500 | - | 18 Month ED IRA |
| Belmont Savings Bank (OH) Locations | ||
|---|---|---|
| 215 West Main Street Branch | 215 West Main Street | St. Clairsville, OH 43950 |
| 298 Highway #7 Branch | 298 Sthwy 7 | Powhatan Point, OH 43942 |
| Belmont Savings Bank | 3301 Guernsey Street | Bellaire, OH 43906 |
| 915 East Main St Branch | 915 East Main St | Barnesville, OH 43713 |