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Overview / Commentary
301 Virginia Avenue
Fairmont, WV 26554

MVB Bank is headquartered in Fairmont and is the 5th largest bank in the state of West Virginia. It is also the 676th largest bank in the nation. It was established in 1999 and as of March of 2014, it had grown to 254 employees at 9 locations. MVB Bank has a A health rating.

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Data for Q1 2014

Institution Health


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 MVB Bank had $4.68 million in non-current loans and owned real-estate with $104.84 million in equity and loan loss allowances on hand to cover it. This gives MVB Bank a Texas Ratio of 4.46% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for MVB Bank experienced no significant changes from 4.10% as of March 31, 2013 to 4.46% as of March 31, 2014, resulting in a negative change of 8.90%. This indicates that the balance sheet and financial strength for MVB Bank has had no significant changes in recent periods.

Deposit Growth


In the past year, MVB Bank has increased its total deposits by $236.67 million, resulting in 45.48% 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 MVB Bank 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. MVB Bank has $995.2 million in assets with $104.84 million in equity, resulting in a capitalization level of 10.53%, which is above average.

Institution Statistics

FDIC Certificate #34603
Year Established1999
Primary RegulatorFDIC
Assets and Liabilities
Assets$995.20 million
Loans$720.31 million
Deposits$757.03 million
Equity Capital$99.39 million
Loan Loss Allowance$5.45 million
Unbacked Noncurrent Loans$4.30 million
Real Estate Owned$375,000
Historic Data - March 2013
Assets$756.43 million
Equity Capital$85.69 million
Loan Loss Allowance$4.64 million
Unbacked Noncurrent Loans$4.30 million
Real Estate Owned$204,000
Profit Margin - Quarterly
Net Interest Margin2.8%
Return on Assets0.26%
Return on Equity2.6%
Interest Income$7.63 million
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MVB Bank Savings Account Rates

0.50%--Most Valuable Savings - Qualifying
0.10%--IRA Savings
0.05%--Most Valuable Savings - Non Qualifying

MVB Bank Checking Account Rates

1.25%-$10kMost Valuable Checking with Interest - Qualifying
0.70%$100k-Brokerage Buster
0.05%--Most Valuable Checking with Interest - Non Qualifying
0.05%$25k-Relationship Checking Plus Interest

MVB Bank CD Rates

1.35%$1k-60 Month CD
1.00%$1k-48 Month CD
0.75%$1k-36 Month CD
0.60%$1k-24 Month CD
0.50%$1k-18 Month CD
0.35%$1k-12 Month CD
0.35%$1k-6 Month CD

MVB Bank IRA Rates

1.35%$1k-60 Month IRA
1.00%$1k-48 Month IRA
0.75%$1k-36 Month IRA
0.60%$1k-24 Month IRA
0.50%$1k-18 Month IRA
0.35%$1k-12 Month IRA
0.35%$1k-6 Month IRA

MVB Bank Locations
Sabraton Office Branch10 Sterling DriveMorgantown, WV 26505
Bridgeport Office1000 Johnson AvenueBridgeport, WV 26330
Edwin Miller Branch231 Aikens CenterMartinsburg, WV 25401
Monongalia Branch2400 Cranberry SqMorgantown, WV 26508
Middletown Mall Branch2500 Fairmont Avenue, Room 510Fairmont, WV 26554
Mvb Bank, Inc301 Virginia AvenueFairmont, WV 26554
Clarksburg Office Branch406 West Main StreetClarksburg, WV 26301
Foxcroft Branch651 Foxcroft AvenueMartinsburg, WV 25401
Somerset Branch88 Somerset BoulevardCharles Town, WV 25414