Bank of Mingo
Bank of Mingo
Overview / Commentary
Bank of Mingo is headquartered in Williamson and is the 52nd largest bank in the state of West Virginia. It is also the 4,868th largest bank in the nation. It was established in 1976 and as of June of 2016, it had grown to 41 employees at 5 locations. Bank of Mingo has a C- health rating.
Health
C-
Data as of Q2 2016
Learn more about bank healthAdditional Factors: Institutions with a small asset base, a short operating history, or negative return on equity can represent an instability risk beyond what their financial ratios indicate. Bank of Mingo has a relatively low asset base, and a negative return on equity.
Health Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 22273 |
| Year Established | 1976 |
| Employees | 41 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | -1.16% |
| Return on Equity - YTD | -18.03% |
| Annual Interest Income | $1.5MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2016vs Q2 2015 | $77.4MM$87.8MM |
| Loans | Q2 2016vs Q2 2015 | $32.8MM$30.9MM |
| Deposits | Q2 2016vs Q2 2015 | $69.9MM$80.3MM |
| Equity Capital | Q2 2016vs Q2 2015 | $4.9MM$5.8MM |
| Loan Loss Allowance | Q2 2016vs Q2 2015 | $586.00K$568.00K |
| Unbacked Noncurrent Loans | Q2 2016vs Q2 2015 | $598.00K$246.00K |
| Real Estate Owned | Q2 2016vs Q2 2015 | $169.00K$281.00K |
Rates
Sorry, we do not have rate data for Bank of Mingo.
Locations
| Bank of Mingo Locations | ||
|---|---|---|
| Bank Of Mingo | 10 Commerce Drive | Williamson, WV 25661 |
| Williamson Branch | 406 Dickinson Street | Williamson, WV 25661 |
| Matewan Branch | State Hwy 1056 | Matewan, WV 25678 |
| Gilbert Branch | 82 Second Avenue | Gilbert, WV 25621 |
| Delbarton Branch | U.S. Highway 52 And State Route 65 | Delbarton, WV 25670 |