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Overview / Commentary
150 Main Street
Clay, WV 25043

Clay County Bank, Inc. is headquartered in Clay and is the 53rd largest bank in the state of West Virginia. It is also the 5,205th largest bank in the nation. It was established in 1902 and as of March of 2014, it had grown to 25 employees at 2 locations. Clay County Bank, Inc. has a A health rating.

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Health

Data for Q1 2014

Institution Health

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

Texas Ratio

GRADE:
A+

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 Clay County Bank, Inc. had $530,000 in non-current loans and owned real-estate with $11.56 million in equity and loan loss allowances on hand to cover it. This gives Clay County Bank, Inc. a Texas Ratio of 4.59% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
C+

The Texas Ratio for Clay County Bank, Inc. experienced no significant changes from 4.00% as of March 31, 2013 to 4.59% as of March 31, 2014, resulting in a negative change of 14.65%. This indicates that the balance sheet and financial strength for Clay County Bank, Inc. has had no significant changes in recent periods.

Deposit Growth

GRADE:
B

In the past year, Clay County Bank, Inc. has increased its total deposits by $652,000, resulting in 0.95% 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 Clay County Bank, Inc. has shown is above average.

Capitalization

GRADE:
A+

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. Clay County Bank, Inc. has $80.5 million in assets with $11.56 million in equity, resulting in a capitalization level of 14.36%, which is excellent.

Institution Statistics

Overall
FDIC Certificate #2444
Year Established1902
Employees25
Primary RegulatorFDIC
Assets and Liabilities
Assets$80.50 million
Loans$47.56 million
Deposits$69.55 million
Equity Capital$10.48 million
Loan Loss Allowance$1.08 million
Unbacked Noncurrent Loans$530,000
Real Estate Owned$0
Historic Data - March 2013
Assets$80.28 million
Equity Capital$10.88 million
Loan Loss Allowance$1.08 million
Unbacked Noncurrent Loans$530,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin4%
Return on Assets1.03%
Return on Equity7.71%
Interest Income$917,000
Rates

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Locations


Clay County Bank, Inc. Locations
Clay County Bank, Inc.150 Main StreetClay, WV 25043
Clay BranchState Routes 4 and 16Clay, WV 25043