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Overview / Commentary
304-636-0991
227 Davis Avenue
Elkins, WV 26241

Davis Trust Company is headquartered in Elkins and is the 38th largest bank in the state of West Virginia. It is also the 3,784th largest bank in the nation. It was established in 1901 and as of March of 2014, it had grown to 53 employees at 2 locations. Davis Trust Company has a C+ health rating.

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Health

Data for Q1 2014

Institution Health

C+

Texas Ratio

GRADE:
C

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 Davis Trust Company had $7.13 million in non-current loans and owned real-estate with $18.96 million in equity and loan loss allowances on hand to cover it. This gives Davis Trust Company a Texas Ratio of 37.59% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
B+

The Texas Ratio for Davis Trust Company decreased slightly from 49.22% as of March 31, 2013 to 37.59% as of March 31, 2014, resulting in a positive change of 23.63%.This indicates that the balance sheet and financial strength for Davis Trust Company has improved slightly in recent periods.

Deposit Growth

GRADE:
C-

In the past year, Davis Trust Company has decreased its total deposits by -$5.17 million, resulting in -3.92% 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 Davis Trust Company has shown is below 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. Davis Trust Company has $145.86 million in assets with $18.96 million in equity, resulting in a capitalization level of 13.00%, which is excellent.

Institution Statistics

Overall
FDIC Certificate #2453
Year Established1901
Employees53
Primary RegulatorFDIC
Assets and Liabilities
Assets$145.86 million
Loans$79.98 million
Deposits$126.80 million
Equity Capital$17.75 million
Loan Loss Allowance$1.21 million
Unbacked Noncurrent Loans$3.59 million
Real Estate Owned$3.54 million
Historic Data - March 2013
Assets$149.44 million
Equity Capital$16.21 million
Loan Loss Allowance$1.62 million
Unbacked Noncurrent Loans$3.59 million
Real Estate Owned$2.16 million
Profit Margin - Quarterly
Net Interest Margin4.09%
Return on Assets0.57%
Return on Equity4.68%
Interest Income$1.23 million
Rates

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Davis Trust Company Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.10%$100-Passbook Savings Account

Davis Trust Company Money Market Rates

DetailsAPYMINMAXPRODUCT
0.12%$1k-Money Market (Hi-Fi) Account

Davis Trust Company Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.07%$1k-Checking Plus Account

Davis Trust Company CD Rates

DetailsAPYMINMAXPRODUCT
1.15%$500-60 Month Certificate
0.60%$500-36 Month Certificate
0.55%$1k-30 Month Certificate
0.45%$10k-25 Month Certificate
0.40%$1k-24 Month Certificate
0.35%$1k-18 Month Certificate
0.30%$1k-12 Month Certificate
0.30%$10k-13 Month Certificate
0.20%$500-7 Month Certificate
0.17%$1k-182 Day Certificate
0.12%$1k-91 Day Certificate
0.10%$2,500-15-31 Day Certificate

Davis Trust Company IRA Rates

DetailsAPYMINMAXPRODUCT
0.60%$500-12 Month Maturity IRA Certificate
Locations


Davis Trust Company Locations
South Branch950 Beverly PikeElkins, WV 26241
Davis Trust CompanyDavis Avenue and Third StreetElkins, WV 26241