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Overview / Commentary
304-877-5551
602 Main Street
Mount Hope, WV 25880

Bank of Mount Hope is headquartered in Mount Hope and is the 43rd largest bank in the state of West Virginia. It is also the 3,956th largest bank in the nation. It was established in 1914 and as of September of 2016, it had grown to 30 employees at 3 locations. Bank of Mount Hope has a B+ health rating.

Reviews (1)

Great Bank With Very Low Fees!

Posted by: MerryOne | Nov 28, 2016

The Bank Of Mt. Hope is really the best deal around this area for checking accounts. They have very low fees and sometimes 0 fees for your checking account. There is also not a minimum balance which is quite helpful. I also use this bank for my saving account. The bank manager was very helpful and went over all the individual offers with me. She was very kind and helped explain all the way I could invest some money I came into with their bank. We finally settled on a combination of CDs and IRAs which protects my money. The rates of return and interest I received were very favorable. I will keep coming to this bank and give them all of my business. They have exceeded all of my expectations going into my own personal experiences with the bank and their employees.



Health
B+

Health Grade Components

Overall
FDIC Certificate #13017
Year Established1914
Employees30
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.69%
Return on Equity - YTD5.65%
Annual Interest Income$2.9MM
Assets and Liabilities
AssetsQ3 2016vs Q3 2015$124.0MM$137.2MM
LoansQ3 2016vs Q3 2015$60.3MM$60.6MM
DepositsQ3 2016vs Q3 2015$101.3MM$111.8MM
Equity CapitalQ3 2016vs Q3 2015$16.0MM$15.5MM
Loan Loss AllowanceQ3 2016vs Q3 2015$689.00K$683.00K
Unbacked Noncurrent LoansQ3 2016vs Q3 2015$4.00K$4.00K
Real Estate OwnedQ3 2016vs Q3 2015$0$0
Rates

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Locations


Bank of Mount Hope Locations
Beckley Branch204 Pinewood DriveBeckley, WV 25801
Bank Of Mount Hope, Inc.602 Main StreetMount Hope, WV 25880
Oak Hill Branch835 East Main StreetOak Hill, WV 25901