The Bank of Marion

The Bank of Marion is headquartered in Marion and is the 57^th largest bank in the state of Virginia. It is also the 1,908^th largest bank in the nation. It was established in 1874 and as of September of 2011, it had grown to 111 employees at 15 locations. The Bank of Marion has a 4-star health rating.

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Data for Q3 2011

The Bank of Marion consists of multiple companies with separate FDIC numbers. Click on an FDIC number to view the health for that company:

9507 - The Bank of Marion
15565 - The Bank of Marion

Institution Statistics The Bank of Marion FDIC Certificate # 9507 BankRate Report View Year Established 1874 Employees 111 Primary Regulator FED Assets and Liabilities Assets $343.18 million Loans $208.96 million Deposits $295.67 million Equity Capital $37.07 million Loan Loss Allowance $3.42 million Unbacked Noncurrent Loans $5.49 million Real Estate Owned $225,000 Historic Data - September 2010 Assets $335.96 million Equity Capital $35.59 million Loan Loss Allowance $3.15 million Unbacked Noncurrent Loans $5.34 million Real Estate Owned $125,000 Profit Margin - Quarterly Net Interest Margin 3.65% Return on Assets 0.82% Return on Equity 7.89% Interest Income $10.83 million

Institution Health Overall Score: 4 out of 5 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 September 30, 2011 The Bank of Marion had $5.72 million in non-current loans and owned real-estate with $40.49 million in equity and loan loss allowances on hand to cover it. This gives The Bank of Marion a Texas Ratio of 14.12% 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 The Bank of Marion held steady from 14.12% as of September 30, 2010 to 14.12% as of September 30, 2011, resulting in a positive change of 0.00%.This indicates that the balance sheet and financial strength for The Bank of Marion has held steady in recent periods. Deposit Growth In the past year, The Bank of Marion has increased its total deposits by $6.4 million, resulting in 2.21% 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 The Bank of Marion has shown is above average. 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. The Bank of Marion has $343.18 million in assets with $40.49 million in equity, resulting in a capitalization level of 11.80%, which is above average.

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