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Overview / Commentary
265 High Street
Morgantown, WV 26505

Citizens Bank of Morgantown, Inc. is headquartered in Morgantown and is the 59th largest bank in the state of West Virginia. It is also the 6,336th largest bank in the nation. It was established in 1979 and as of March of 2014, it had grown to 9 employees at 1 location. Citizens Bank of Morgantown, Inc. has a B health rating.

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Data for Q1 2014

Institution Health

Additional Factors: Institutions with a small asset base or a short operating history can represent an instability risk beyond what their financial ratios indicate. Citizens Bank of Morgantown, Inc. has a low asset base.

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 Citizens Bank of Morgantown, Inc. had $0 in non-current loans and owned real-estate with $6.36 million in equity and loan loss allowances on hand to cover it. This gives Citizens Bank of Morgantown, Inc. a Texas Ratio of 0.00% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Deposit Growth


In the past year, Citizens Bank of Morgantown, Inc. has decreased its total deposits by $-640,000, resulting in -2.89% 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 Citizens Bank of Morgantown, Inc. 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. Citizens Bank of Morgantown, Inc. has $35.47 million in assets with $6.36 million in equity, resulting in a capitalization level of 17.94%, which is excellent.

Institution Statistics

FDIC Certificate #22954
Year Established1979
Primary RegulatorFDIC
Assets and Liabilities
Assets$35.47 million
Loans$21.51 million
Deposits$21.53 million
Equity Capital$6.10 million
Loan Loss Allowance$263,000
Real Estate Owned$0
Historic Data - March 2013
Assets$34.05 million
Equity Capital$6.01 million
Loan Loss Allowance$226,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin4.37%
Return on Assets0.68%
Return on Equity4.04%
Interest Income$387,000

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Citizens Bank of Morgantown, Inc. Locations
Citizens Bank Of Morgantown, Inc.265 High StreetMorgantown, WV 26505