Clear Mountain Bank is headquartered in Bruceton Mills and is the 6th largest bank in the state of West Virginia. It is also the 1,178th largest bank in the nation. It was established in 1931 and as of December of 2019, it had grown to 154 employees at 13 locations. Clear Mountain Bank has an A+ health rating.
Rates are very attractive, but their customer service is terrible. We've been approved for a loan for over three months. Every time we get close to closing they need some other esoteric paper work. The bank officer won't return calls, won't give us straight answers, and we have to go through a third party with connections in the bank to get them to return messages. Do not use this bank unless you have plenty of time to waste and enjoy frustration.
|FDIC Certificate #||2443|
|Return on Assets - YTD||1.34%|
|Return on Equity - YTD||11.21%|
|Annual Interest Income||$29.2MM|
|Assets and Liabilities|
|Assets||Q4 2019vs Q4 2018||$648.6MM$603.5MM|
|Loans||Q4 2019vs Q4 2018||$479.9MM$457.8MM|
|Deposits||Q4 2019vs Q4 2018||$563.6MM$526.2MM|
|Equity Capital||Q4 2019vs Q4 2018||$79.4MM$71.2MM|
|Loan Loss Allowance||Q4 2019vs Q4 2018||$7.9MM$7.6MM|
|Unbacked Noncurrent Loans||Q4 2019vs Q4 2018||$2.9MM$5.3MM|
|Real Estate Owned||Q4 2019vs Q4 2018||$283.00K$307.00K|
Rates for Clear Mountain Bank are currently being reviewed.