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Overview / Commentary
304-455-1850
610 North State Route 2
New Martinsville, WV 26155

Doolin Security Savings Bank, FSB is headquartered in New Martinsville and is the 58th largest bank in the state of West Virginia. It is also the 6,013st largest bank in the nation. It was established in 1906 and as of March of 2014, it had grown to 13 employees at 3 locations. Doolin Security Savings Bank, FSB has a B+ health rating.

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Health

Data for Q1 2014

Institution Health

B+
Additional Factors: Institutions with a small asset base or a short operating history can represent an instability risk beyond what their financial ratios indicate. Doolin Security Savings Bank, FSB has a 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 Doolin Security Savings Bank, FSB had $0 in non-current loans and owned real-estate with $6.16 million in equity and loan loss allowances on hand to cover it. This gives Doolin Security Savings Bank, FSB 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

GRADE:
A+

In the past year, Doolin Security Savings Bank, FSB has increased its total deposits by $2.33 million, resulting in 5.92% 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 Doolin Security Savings Bank, FSB 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. Doolin Security Savings Bank, FSB has $47.68 million in assets with $6.16 million in equity, resulting in a capitalization level of 12.92%, which is excellent.

Institution Statistics

Overall
FDIC Certificate #29617
Year Established1906
Employees13
Primary RegulatorOCC
Assets and Liabilities
Assets$47.68 million
Loans$9.83 million
Deposits$41.60 million
Equity Capital$6.03 million
Loan Loss Allowance$128,000
Real Estate Owned$0
Historic Data - March 2013
Assets$45.36 million
Equity Capital$6.01 million
Loan Loss Allowance$128,000
Unbacked Noncurrent Loans$0
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin2.44%
Return on Assets-0.31%
Return on Equity-2.38%
Interest Income$286,000
Rates
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Doolin Security Savings Bank, FSB CD Rates

DetailsAPYMINMAXPRODUCT
0.80%$500-60 Month CD
0.75%$500-48 Month CD
0.45%$500-30 Month CD
0.45%$500-36 Month CD
0.35%$500-24 Month CD
0.30%$500-18 Month CD
0.25%$2,500-17 Month CD Special
0.20%$500-13 Month CD
0.20%$500-15 Month CD
0.15%$500-12 Month CD
0.10%$500-9 Month CD
0.10%$2,500-6 Month CD
0.05%$2,500-5 Month CD Special
0.05%$2,500-91 Day CD
Locations


Doolin Security Savings Bank, FSB Locations
New Martinsville Drive Thru Branch155 Jefferson StreetNew Martinsville, WV 26155
3850 Emerson Ave Branch3850 Emerson AveParkersburg, WV 26101
Doolin Security Savings Bank, FSB610 North State Route 2New Martinsville, WV 26155