Clear Mountain Bank is headquartered in Bruceton Mills and is the 6th largest bank in the state of West Virginia. It is also the 1,152nd largest bank in the nation. It was established in 1931 and as of December of 2020, it had grown to 152 employees at 11 locations. Clear Mountain Bank has an A+ health rating.
Simply awesome! Easy to understand products, low fees, great service. Locally owned. What a bank should be.
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.
Overall | |
---|---|
FDIC Certificate # | 2443 |
Year Established | 1931 |
Employees | 152 |
Primary Regulator | FED |
Profit Margin | |
---|---|
Return on Assets - YTD | 1.4% |
Return on Equity - YTD | 11.82% |
Annual Interest Income | $29.4MM |
Assets and Liabilities | ||
---|---|---|
Assets | Q4 2020vs Q4 2019 | $765.5MM$648.6MM |
Loans | Q4 2020vs Q4 2019 | $538.4MM$479.9MM |
Deposits | Q4 2020vs Q4 2019 | $669.7MM$563.6MM |
Equity Capital | Q4 2020vs Q4 2019 | $90.6MM$79.4MM |
Loan Loss Allowance | Q4 2020vs Q4 2019 | $9.5MM$7.9MM |
Unbacked Noncurrent Loans | Q4 2020vs Q4 2019 | $3.2MM$2.9MM |
Real Estate Owned | Q4 2020vs Q4 2019 | $110.00K$283.00K |
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
---|---|---|---|---|---|
0.50%* | $5k* | - | Health Savings Account (HSA) | ||
OTHER TIERS: 0.30% → Up to $5k | |||||
0.08% | $1 | - | PayDay IRA | ||
0.05% | $1 | - | Regular Savings Account | ||
0.05% | $1 | - | Christmas Club Account |
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
---|---|---|---|---|
0.03% | - | - | Interest Checking Account | |
0.03% | - | - | Prime 50 Checking |