Belmont Savings Bank (OH)

Overview / Commentary
3301 Guernsey Street
Bellaire, OH 43906

Belmont Savings Bank (OH) is headquartered in BELLAIRE and is the 55th largest bank in the state of Ohio. It is also the 1,799th largest bank in the nation. It was established in 1886 and as of September of 2023, it had grown to 62 employees at 4 locations. Belmont Savings Bank (OH) has a B+ health rating.

Reviews (1)

1-44 Family Mortgage Ratio As Reported.

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Please note the following:

Per UBPR of 3/31/2011, Belmont Savings Bank's UBPR Report, page 9, breaks out the Bank's percentage of assets as follows: Loans net 15.91% of assets, GNMA-FNMA--FHLMC MBS Passthroughs HTM 54.99% and AFS 26.02. The PASSTHROUGHS carry the full faith and credit of the US Treasury. When you report that the 1-4 family mortgage/loans is 75.28%, I believe that distorts the true financial makeup of the bank's balance sheet. You are correct that the bank's dependency ratio is high, but please note that only 1/3rd of the bank's MBS' are pledged and that the bank's MBS portfolio was $$349,458,287 as of 3/31/2011, and that makes up 81% of the bank's assets. The issue over fees being low is recognized by Management and the Board of Directors, and also that the deposit customer s of the bank are the actual owners in a mutual institution. You are correct in the analysis of the dependency ratio, however, only 1/3rd of the MBS' are pledged, and that leaves over $200,000,000.00 not pledged. Liquidity is an issue that is viewed in many ways and this is open to how one views liquidity. The Teaxs ratio of this Bank was 5.88% as of 3/31/2011. I believe that covers any questions about the coverage ratio of Belmont Savings Bank. Thank you for allowing me to comment on your website. Thomas Poe, President and CEO of Belmont Savings Bank- Bellaire, Ohio.


Health Grade Components

FDIC Certificate #28348
Year Established1886
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.42%
Return on Equity - YTD3.49%
Annual Interest Income$12.3MM
Assets and Liabilities
AssetsQ3 2023vs Q3 2022$483MM$418.5MM
LoansQ3 2023vs Q3 2022$250.9MM$192.5MM
DepositsQ3 2023vs Q3 2022$346MM$339MM
Equity CapitalQ3 2023vs Q3 2022$49.2MM$49MM
Loan Loss AllowanceQ3 2023vs Q3 2022$2MM$1.8MM
Unbacked Noncurrent LoansQ3 2023vs Q3 2022$1.9MM$1.2MM
Real Estate OwnedQ3 2023vs Q3 2022$0$0
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Belmont Savings Bank (OH) Savings Account Rates

0.30%*$75k*-Golden Savings
OTHER TIERS: 0.20% $100 - $75k
0.20%$100-Statement Savings
0.20%--Christmas Club

Belmont Savings Bank (OH) Money Market Rates

0.30%*$75k*-Money Market
OTHER TIERS: 0.20% $100 - $40k | 0.25% $40k - $75k

Belmont Savings Bank (OH) Checking Account Rates

2.50%*-$10kKasasa Cash
OTHER TIERS: 0.10% $10k+
0.50%*-$10kValue Checking
OTHER TIERS: 0.10% $10k+

Belmont Savings Bank (OH) Locations
215 West Main Street Branch215 West Main StreetSt. Clairsville, OH 43950
298 Highway #7 Branch298 Sthwy 7Powhatan Point, OH 43942
Belmont Savings Bank3301 Guernsey StBellaire, OH 43906
915 East Main St Branch915 East Main StBarnesville, OH 43713

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