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304-379-2265
160 Morgantown St
Bruceton Mills, WV 26525

Clear Mountain Bank is headquartered in Bruceton Mills and is the 10st largest bank in the state of West Virginia. It is also the 1,389th largest bank in the nation. It was established in 1931 and as of March of 2014, it had grown to 149 employees at 12 locations. Clear Mountain Bank's savings rates are 25% higher than the national average, and it boasts a A+ health rating.

Reviews (2)

Horrible Service

Rates are very attractive, but their customer service is terrible. We've been approved for a loan for over three months. Every time we get close to closing they need some other esoteric paper work. The bank officer won't return calls, won't give us straight answers, and we have to go through a third party with connections in the bank to get them to return messages. Do not use this bank unless you have plenty of time to waste and enjoy frustration.

Simply Awesome!

Simply awesome! Easy to understand products, low fees, great service. Locally owned. What a bank should be.



Health

Data for Q1 2014

Institution Health

A+

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 Clear Mountain Bank had $3.95 million in non-current loans and owned real-estate with $54.6 million in equity and loan loss allowances on hand to cover it. This gives Clear Mountain Bank a Texas Ratio of 7.24% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
B+

The Texas Ratio for Clear Mountain Bank decreased slightly from 10.24% as of March 31, 2013 to 7.24% as of March 31, 2014, resulting in a positive change of 29.35%.This indicates that the balance sheet and financial strength for Clear Mountain Bank has improved slightly in recent periods.

Deposit Growth

GRADE:
A

In the past year, Clear Mountain Bank has increased its total deposits by $15.51 million, resulting in 3.73% 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 Clear Mountain Bank has shown is excellent.

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. Clear Mountain Bank has $485.06 million in assets with $54.6 million in equity, resulting in a capitalization level of 11.26%, which is excellent.

Institution Statistics

Overall
FDIC Certificate #2443
Year Established1931
Employees149
Primary RegulatorFED
Assets and Liabilities
Assets$485.06 million
Loans$372.87 million
Deposits$431.16 million
Equity Capital$48.70 million
Loan Loss Allowance$5.90 million
Unbacked Noncurrent Loans$3.11 million
Real Estate Owned$838,000
Historic Data - March 2013
Assets$467.94 million
Equity Capital$45.38 million
Loan Loss Allowance$5.70 million
Unbacked Noncurrent Loans$3.11 million
Real Estate Owned$875,000
Profit Margin - Quarterly
Net Interest Margin4.13%
Return on Assets1.02%
Return on Equity10.22%
Interest Income$5.38 million
Rates

Always verify rates and promotions with the bank or credit union. We are not Clear Mountain Bank, we are a rate comparison website and can not provide official rates or promotions.

Clear Mountain Bank Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.65%$5k-Health Savings Account
0.10%--PayDay IRA
0.10%--PayDay Roth IRA
0.10%--PayDay Coverdell ESA
0.08%--Regular Savings
0.05%--Christmas Club

Clear Mountain Bank Money Market Rates

DetailsAPYMINMAXPRODUCT
0.22%$100k-Money Market Deposit Account
0.22%$100k-Investor Money Market Deposit Account

Clear Mountain Bank Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.04%--Interest Checking

Clear Mountain Bank CD Rates

DetailsAPYMINMAXPRODUCT
1.35%$500-60 Month CD
1.35%$500-84 Month CD
1.35%$500-96 Month CD
0.90%$500-48 Month CD
0.51%$500-36 Month CD
0.51%$500-36 Month Freedom CD
0.41%$500-30 Month CD
0.36%$500-24 Month CD
0.27%$500-18 Month CD
0.20%$1k-12 Month CD
0.11%$1k-182 Day CD
0.08%$1k-91 Day CD
0.07%$1k-31 Day CD
0.06%$1k-7 Day CD

Clear Mountain Bank IRA Rates

DetailsAPYMINMAXPRODUCT
0.32%--18 Month Variable IRA
Locations

Clear Mountain Bank has 12 locations. Click to view all Clear Mountain Bank locations.