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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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.
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.
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.
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.
|FDIC Certificate #||58619|
|Assets and Liabilities|
|Equity Capital||$12.50 million|
|Loan Loss Allowance||$1.40 million|
|Unbacked Noncurrent Loans||$153,000|
|Real Estate Owned||$0|
|Historic Data - June 2013|
|Equity Capital||$10.66 million|
|Loan Loss Allowance||$1.30 million|
|Real Estate Owned||$925,000|
|Profit Margin - Quarterly|
|Return on Assets||0.78%|
|Return on Equity||7.23%|
|Interest Income||$2.36 million|
Always verify rates and promotions with the bank or credit union. We are not MRV Banks, we are a rate comparison website and can not provide official rates or promotions.
|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|
|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|
|MRV Banks Locations|
|Mrv Banks||1610 North Kingshighway||Cape Girardeau, MO 63701|
|Mrv Banks||871 Ste. Genevieve Drive||Sainte Genevieve, MO 63670|