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Overview / Commentary
573-883-8222
871 Ste. Genevieve Drive
Sainte Genevieve, MO 63670

MRV Banks is headquartered in Sainte Genevieve and is the 179th largest bank in the state of Missouri. It is also the 4,406th largest bank in the nation. It was established in 2007 and as of March of 2014, it had grown to 18 employees at 2 locations. MRV Banks has a B+ health rating.

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Health

Data for Q1 2014

Institution Health

B+

Texas Ratio

GRADE:
B+

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 MRV Banks had $1.56 million in non-current loans and owned real-estate with $13.64 million in equity and loan loss allowances on hand to cover it. This gives MRV Banks a Texas Ratio of 11.43% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
C+

The Texas Ratio for MRV Banks experienced no significant changes from 7.88% as of March 31, 2013 to 11.43% as of March 31, 2014, resulting in a negative change of 45.14%. This indicates that the balance sheet and financial strength for MRV Banks has had no significant changes in recent periods.

Deposit Growth

GRADE:
A+

In the past year, MRV Banks has increased its total deposits by $25.1 million, resulting in 33.06% 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 MRV Banks 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. MRV Banks has $114.66 million in assets with $13.65 million in equity, resulting in a capitalization level of 11.90%, which is excellent.

Institution Statistics

Overall
FDIC Certificate #58619
Year Established2007
Employees18
Primary RegulatorFDIC
Assets and Liabilities
Assets$114.66 million
Loans$92.50 million
Deposits$101.02 million
Equity Capital$12.25 million
Loan Loss Allowance$1.40 million
Unbacked Noncurrent Loans$683,000
Real Estate Owned$877,000
Historic Data - March 2013
Assets$87.77 million
Equity Capital$10.53 million
Loan Loss Allowance$1.21 million
Real Estate Owned$925,000
Profit Margin - Quarterly
Net Interest Margin3.92%
Return on Assets0.72%
Return on Equity6.7%
Interest Income$1.17 million
Rates
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MRV Banks CD Rates

DetailsAPYMINMAXPRODUCT
1.20%$1k-48 Month CD
1.20%$1k-60 Month CD
1.00%$1k-36 Month CD
0.85%$1k-12 Month CD
0.85%$1k-12 Month CD Special
0.80%$1k-24 Month CD
0.80%$1k-30 Month CD
0.55%$1k-18 Month CD
0.35%$1k-6 Month CD
0.25%$1k-1 Month CD
0.25%$1k-3 Month CD

MRV Banks IRA Rates

DetailsAPYMINMAXPRODUCT
1.20%$1k-48 Month IRA
1.20%$1k-60 Month IRA
1.00%$1k-36 Month IRA
0.85%$1k-12 Month IRA
0.85%$1k-12 Month IRA Special
0.80%$1k-24 Month IRA
0.80%$1k-30 Month IRA
0.55%$1k-18 Month IRA
0.35%$1k-6 Month IRA
Locations


MRV Banks Locations
Mrv Banks1610 North KingshighwayCape Girardeau, MO 63701
Mrv Banks871 Ste. Genevieve DriveSainte Genevieve, MO 63670