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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 4,353rd largest bank in the nation. It was established in 2007 and as of June of 2014, it had grown to 17 employees at 2 locations. MRV Banks has a A+ health rating.

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Health

Data for Q2 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 June 30, 2014 MRV Banks had $153,000 in non-current loans and owned real-estate with $13.9 million in equity and loan loss allowances on hand to cover it. This gives MRV Banks a Texas Ratio of 1.10% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
A+

The Texas Ratio for MRV Banks decreased dramatically from 7.73% as of June 30, 2013 to 1.10% as of June 30, 2014, resulting in a positive change of 85.77%.This indicates that the balance sheet and financial strength for MRV Banks has improved dramatically in recent periods.

Deposit Growth

GRADE:
A+

In the past year, MRV Banks has increased its total deposits by $20.93 million, resulting in 25.93% 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 $114.79 million in assets with $13.9 million in equity, resulting in a capitalization level of 12.11%, which is excellent.

Institution Statistics

Overall
FDIC Certificate #58619
Year Established2007
Employees17
Primary RegulatorFDIC
Assets and Liabilities
Assets$114.79 million
Loans$93.63 million
Deposits$101.65 million
Equity Capital$12.50 million
Loan Loss Allowance$1.40 million
Unbacked Noncurrent Loans$153,000
Real Estate Owned$0
Historic Data - June 2013
Assets$92.77 million
Equity Capital$10.66 million
Loan Loss Allowance$1.30 million
Real Estate Owned$925,000
Profit Margin - Quarterly
Return on Assets0.78%
Return on Equity7.23%
Interest Income$2.36 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