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Overview / Commentary
95 East Main Street
Romney, WV 26757

The Bank of Romney is headquartered in Romney and is the 23rd largest bank in the state of West Virginia. It is also the 2,587th largest bank in the nation. It was established in 1888 and as of March of 2014, it had grown to 83 employees at 6 locations. The Bank of Romney has a C+ health rating.

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Health

Data for Q1 2014

Institution Health

C+

Texas Ratio

GRADE:
C

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 Romney had $9.45 million in non-current loans and owned real-estate with $27.57 million in equity and loan loss allowances on hand to cover it. This gives The Bank of Romney a Texas Ratio of 34.27% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
C+

The Texas Ratio for The Bank of Romney experienced no significant changes from 34.50% as of March 31, 2013 to 34.27% as of March 31, 2014, resulting in a positive change of 0.68%.This indicates that the balance sheet and financial strength for The Bank of Romney has had no significant changes in recent periods.

Deposit Growth

GRADE:
C

In the past year, The Bank of Romney has decreased its total deposits by -$4.58 million, resulting in -2.36% 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 Romney has shown is average.

Capitalization

GRADE:
A

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 Romney has $246.94 million in assets with $27.57 million in equity, resulting in a capitalization level of 11.17%, which is excellent.

Institution Statistics

Overall
FDIC Certificate #845
Year Established1888
Employees83
Primary RegulatorFED
Assets and Liabilities
Assets$246.94 million
Loans$165.57 million
Deposits$189.51 million
Equity Capital$25.86 million
Loan Loss Allowance$1.71 million
Unbacked Noncurrent Loans$6.06 million
Real Estate Owned$3.39 million
Historic Data - March 2013
Assets$248.30 million
Equity Capital$25.28 million
Loan Loss Allowance$2.36 million
Unbacked Noncurrent Loans$6.06 million
Real Estate Owned$2.64 million
Profit Margin - Quarterly
Net Interest Margin3.91%
Return on Assets0.64%
Return on Equity6.18%
Interest Income$2.72 million
Rates

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The Bank of Romney Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.10%--Saving Account

The Bank of Romney Money Market Rates

DetailsAPYMINMAXPRODUCT
0.12%$10k-Money Market Account

The Bank of Romney Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.25%$50k-NOW Account

The Bank of Romney CD Rates

DetailsAPYMINMAXPRODUCT
1.21%--60 Month CD
0.60%--30 Month CD
0.50%--24 Month CD
0.40%--18 Month CD
0.35%--12 Month CD
0.30%--9 Month CD
0.25%--182 Day CD
0.20%--91 Day CD

The Bank of Romney IRA Rates

DetailsAPYMINMAXPRODUCT
1.00%--Individual Retirement Account
Locations


The Bank of Romney Locations
The Bank Of Romney95 East Main StreetRomney, WV 26757
Capon Bridge BranchMain StreetCapon Bridge, WV 26711
Springfield BranchRoute 28Springfield, WV 26763
Augusta BranchRoute 50Augusta, WV 26704
Sunrise BranchRoute 50 and Stayman DriveRomney, WV 26757
Paw Paw BranchWinchester & Lee StreetsPaw Paw, WV 25434