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Overview / Commentary
39 Main Street
Union, WV 24983

The Bank of Monroe is headquartered in Union and is the 45th largest bank in the state of West Virginia. It is also the 4,229th largest bank in the nation. It was established in 1903 and as of March of 2014, it had grown to 26 employees at 2 locations. The Bank of Monroe 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 The Bank of Monroe had $353,000 in non-current loans and owned real-estate with $17.2 million in equity and loan loss allowances on hand to cover it. This gives The Bank of Monroe a Texas Ratio of 2.05% 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 The Bank of Monroe decreased slightly from 2.72% as of March 31, 2013 to 2.05% as of March 31, 2014, resulting in a positive change of 24.40%.This indicates that the balance sheet and financial strength for The Bank of Monroe has improved slightly in recent periods.

Deposit Growth


In the past year, The Bank of Monroe has decreased its total deposits by -$2.52 million, resulting in -2.34% 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 Monroe has shown is average.



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 Monroe has $122.36 million in assets with $17.2 million in equity, resulting in a capitalization level of 14.06%, which is excellent.

Institution Statistics

FDIC Certificate #6180
Year Established1903
Primary RegulatorFED
Assets and Liabilities
Assets$122.36 million
Loans$63.14 million
Deposits$105.48 million
Equity Capital$16.44 million
Loan Loss Allowance$755,000
Unbacked Noncurrent Loans$281,000
Real Estate Owned$72,000
Historic Data - March 2013
Assets$125.86 million
Equity Capital$16.04 million
Loan Loss Allowance$604,000
Unbacked Noncurrent Loans$281,000
Real Estate Owned$372,000
Profit Margin - Quarterly
Net Interest Margin3.77%
Return on Assets0.81%
Return on Equity6.08%
Interest Income$1.15 million

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The Bank of Monroe Savings Account Rates

0.35%$100-IRA Accounts
0.10%--Passbook Savings
0.10%--Christmas Club

The Bank of Monroe Money Market Rates

0.15%$100k-Money Market Account

The Bank of Monroe Checking Account Rates

0.05%$1,200-NOW Account

The Bank of Monroe CD Rates

0.55%$500-36 Month CD
0.35%$500-30 Month CD
0.30%$500-24 Month CD
0.25%$500-18 Month CD
0.20%$500-12 Month CD
0.15%$500-6 Month CD
0.10%$500-91 Day CD

The Bank of Monroe Locations
The Bank Of Monroe39 Main StreetUnion, WV 24983
Lewisburg Branch790 North Jefferson StreetLewisburg, WV 24901