MRV Banks is headquartered in Sainte Genevieve and is the 193rd largest bank in the state of Missouri. It is also the 4,674th largest bank in the nation. It was established in 2007 and as of December of 2013, it had grown to 17 employees at 2 locations. MRV Banks' CD rates are 17% higher than the national average, and it has a B+ health rating.
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Data for Q4 2013
Institution Health
Texas Ratio
The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2013 MRV Banks had $1.63 million in non-current loans and owned real-estate with $12.37 million in equity and loan loss allowances on hand to cover it. This gives MRV Banks a Texas Ratio of 13.16% 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 MRV Banks held steady from 9.07% as of December 31, 2012 to 13.16% as of December 31, 2013, resulting in a negative change of 45.09%. This indicates that the balance sheet and financial strength for MRV Banks has held steady in recent periods.
Deposit Growth
In the past year, MRV Banks has increased its total deposits by $18.94 million, resulting in 26.35% 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
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 $103.2 million in assets with $12.37 million in equity, resulting in a capitalization level of 11.99%, which is excellent.
Institution Statistics
| Overall | |
|---|---|
| FDIC Certificate # | 58619 |
| Year Established | 2007 |
| Employees | 17 |
| Primary Regulator | FDIC |
| Assets and Liabilities | |
|---|---|
| Assets | $103.20 million |
| Loans | $85.99 million |
| Deposits | $90.84 million |
| Equity Capital | $11.04 million |
| Loan Loss Allowance | $1.34 million |
| Unbacked Noncurrent Loans | $704,000 |
| Real Estate Owned | $925,000 |
| Historic Data - December 2012 | |
|---|---|
| Assets | $83.54 million |
| Equity Capital | $10.34 million |
| Loan Loss Allowance | $1.18 million |
| Real Estate Owned | $1.05 million |
| Profit Margin - Quarterly | |
|---|---|
| Net Interest Margin | 4.06% |
| Return on Assets | 0.89% |
| Return on Equity | 7.8% |
| Interest Income | $4.10 million |
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MRV Banks Savings Account Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 0.30% | $25k | - | Health Savings Account | |
| 0.30% | - | - | Regular Savings | |
| 0.30% | - | - | Minor Savings |
MRV Banks Money Market Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 0.50% | $25k | - | Personal Money Market | |
| 0.45% | $25k | - | Business Money Market |
MRV Banks Checking Account Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 0.40% | $25k | - | Premium Interest Checking | |
| 0.30% | $25k | - | Interest Checking | |
| 0.30% | $25k | - | 50+ Checking |
MRV Banks CD Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 1.20% | $1k | - | 48 Month CD | |
| 1.20% | $1k | - | 60 Month CD | |
| 1.05% | $1k | - | 12 Month CD | |
| 1.05% | $1k | - | 15 Month CD Special | |
| 1.00% | $1k | - | 36 Month CD | |
| 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
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 1.20% | $1k | - | 48 Month IRA | |
| 1.20% | $1k | - | 60 Month IRA | |
| 1.05% | $1k | - | 12 Month IRA | |
| 1.00% | $1k | - | 36 Month IRA | |
| 0.80% | $1k | - | 24 Month IRA | |
| 0.80% | $1k | - | 30 Month IRA | |
| 0.55% | $1k | - | 18 Month IRA | |
| 0.35% | $1k | - | 6 Month IRA |
| MRV Banks Locations | ||
|---|---|---|
| Mrv Banks | 1610 North Kingshighway | Cape Girardeau, MO 63701 |
| Mrv Banks | 871 Ste. Genevieve Drive | Sainte Genevieve, MO 63670 |