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Overview / Commentary
172 East Ave
Thomas, WV 26292

Miners & Merchants Bank is headquartered in Thomas and is the 57th largest bank in the state of West Virginia. It is also the 5,897th largest bank in the nation. It was established in 1902 and as of March of 2014, it had grown to 18 employees at 3 locations. Miners & Merchants Bank 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. Miners & Merchants Bank has a relatively 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 Miners & Merchants Bank had $992,000 in non-current loans and owned real-estate with $8.33 million in equity and loan loss allowances on hand to cover it. This gives Miners & Merchants Bank a Texas Ratio of 11.91% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for Miners & Merchants Bank increased slightly from 5.51% as of March 31, 2013 to 11.91% as of March 31, 2014, resulting in a negative change of 116.30%. This indicates that the balance sheet and financial strength for Miners & Merchants Bank has declined slightly in recent periods.

Deposit Growth


In the past year, Miners & Merchants Bank has increased its total deposits by $913,000, resulting in 2.09% 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 Miners & Merchants Bank has shown is above 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. Miners & Merchants Bank has $52.73 million in assets with $8.33 million in equity, resulting in a capitalization level of 15.80%, which is excellent.

Institution Statistics

FDIC Certificate #13018
Year Established1902
Primary RegulatorFDIC
Assets and Liabilities
Assets$52.73 million
Loans$17.68 million
Deposits$44.55 million
Equity Capital$8.13 million
Loan Loss Allowance$200,000
Unbacked Noncurrent Loans$992,000
Real Estate Owned$0
Historic Data - March 2013
Assets$51.61 million
Equity Capital$7.94 million
Loan Loss Allowance$200,000
Unbacked Noncurrent Loans$992,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin2.86%
Return on Assets0.83%
Return on Equity5.4%
Interest Income$396,000

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Miners & Merchants Bank Locations
Oakland Maryland Branch13164 Garrett HighwayOakland, MD 21550
Miners & Merchants Bank172 East AveThomas, WV 26292
Front Street BranchFront StreetBayard, WV 26707