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Overview / Commentary
2761 Main Street
Hurricane, WV 25526

Putnam County Bank is headquartered in Hurricane and is the 7th largest bank in the state of West Virginia. It is also the 1,071st largest bank in the nation. It was established in 1901 and as of March of 2014, it had grown to 65 employees at 3 locations. Putnam County Bank's savings rates are 2X the national average, and it 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 Putnam County Bank had $7.66 million in non-current loans and owned real-estate with $82.68 million in equity and loan loss allowances on hand to cover it. This gives Putnam County Bank a Texas Ratio of 9.26% 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 Putnam County Bank experienced no significant changes from 10.14% as of March 31, 2013 to 9.26% as of March 31, 2014, resulting in a positive change of 8.66%.This indicates that the balance sheet and financial strength for Putnam County Bank has had no significant changes in recent periods.

Deposit Growth


In the past year, Putnam County Bank has increased its total deposits by $16.69 million, resulting in 3.11% 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 Putnam County 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. Putnam County Bank has $635.16 million in assets with $82.68 million in equity, resulting in a capitalization level of 13.02%, which is excellent.

Institution Statistics

FDIC Certificate #15243
Year Established1901
Primary RegulatorFED
Assets and Liabilities
Assets$635.16 million
Loans$348.23 million
Deposits$554.06 million
Equity Capital$78.87 million
Loan Loss Allowance$3.82 million
Unbacked Noncurrent Loans$2.23 million
Real Estate Owned$5.43 million
Historic Data - March 2013
Assets$616.34 million
Equity Capital$76.92 million
Loan Loss Allowance$3.88 million
Unbacked Noncurrent Loans$2.23 million
Real Estate Owned$2.18 million
Profit Margin - Quarterly
Net Interest Margin2.44%
Return on Assets0.93%
Return on Equity7.51%
Interest Income$5.07 million

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Putnam County Bank Savings Account Rates

1.26%$100-Individual Retirement Account
1.26%$100-Simplified Employee Pension
1.26%$100-Roth IRA
1.26%$100-Coverdell Education Savings Account
0.15%--Passbook Savings
0.15%--Christmas Club

Putnam County Bank Money Market Rates

0.20%$1k-Money Market Account

Putnam County Bank Checking Account Rates

0.20%$1k-NOW Account

Putnam County Bank CD Rates

1.00%$1k-24 Month CD
1.00%$1k-36 Month CD
0.85%$1k-18 Month CD
0.60%$1k-12 Month CD
0.55%$1k-182 Day CD
0.35%$1k-91 Day CD
0.30%$1k-30 Day CD

Putnam County Bank Locations
Putnam County Bank2761 Main StreetHurricane, WV 25526
Vally Branch3058 Mount Vernon RoadHurricane, WV 25526
Interstate BranchState Route 19 and Interstate 64Hurricane, WV 25526