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Overview / Commentary
3 North Main Street
Petersburg, WV 26847

The Grant County Bank is headquartered in Petersburg and is the 26th largest bank in the state of West Virginia. It is also the 2,687th largest bank in the nation. It was established in 1902 and as of March of 2014, it had grown to 75 employees at 7 locations. The Grant County Bank has a B+ 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 Grant County Bank had $7.52 million in non-current loans and owned real-estate with $32.92 million in equity and loan loss allowances on hand to cover it. This gives The Grant County Bank a Texas Ratio of 22.86% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for The Grant County Bank decreased dramatically from 50.43% as of March 31, 2013 to 22.86% as of March 31, 2014, resulting in a positive change of 54.67%.This indicates that the balance sheet and financial strength for The Grant County Bank has improved dramatically in recent periods.

Deposit Growth


In the past year, The Grant County Bank has increased its total deposits by $1.35 million, resulting in 0.67% 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 Grant County Bank has shown is above 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 Grant County Bank has $236.24 million in assets with $32.92 million in equity, resulting in a capitalization level of 13.93%, which is excellent.

Institution Statistics

FDIC Certificate #11953
Year Established1902
Primary RegulatorFDIC
Assets and Liabilities
Assets$236.24 million
Loans$185.09 million
Deposits$201.55 million
Equity Capital$29.18 million
Loan Loss Allowance$3.74 million
Unbacked Noncurrent Loans$4.42 million
Real Estate Owned$3.10 million
Historic Data - March 2013
Assets$239.77 million
Equity Capital$27.45 million
Loan Loss Allowance$4.22 million
Unbacked Noncurrent Loans$4.42 million
Real Estate Owned$5.01 million
Profit Margin - Quarterly
Net Interest Margin4.56%
Return on Assets0.7%
Return on Equity5.69%
Interest Income$2.73 million

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The Grant County Bank Savings Account Rates

0.10%--Statement Savings Account

The Grant County Bank Money Market Rates

0.17%$25k-Plateau Premium Investment
0.15%$20k-Insured Money Market

The Grant County Bank Checking Account Rates

0.07%$2,500-Super Now Interest Checking
0.05%$1k-Regular Now Checking

The Grant County Bank CD Rates

1.21%$500-5 Year CD
0.60%$500-3 Year CD
0.55%$500-30 Month CD
0.50%$5k-30 Month Bump CD Special
0.45%$500-2 Year CD
0.37%$500-18 Month CD
0.33%$500-1 Year CD
0.23%$1k-182 Day CD
0.17%$1k-91 Day CD

The Grant County Bank IRA Rates

1.31%$500-5 Year IRA
0.55%$500-2 Year IRA
0.43%$500-1 Year IRA

The Grant County Bank Locations
The Grant County Bank3 North Main StreetPetersburg, WV 26847
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The Canaan Valley BranchRoute 32, Canaan ValleyDavis, WV 26260
Riverton BranchU.S. Highway 33Riverton, WV 26814
The National Bank Of Davis/BranchWilliam AvenueDavis, WV 26260