Clear Mountain Bank is headquartered in BRUCETON MILLS and is the 4th largest bank in the state of West Virginia. It is also the 1,020th largest bank in the nation. It was established in 1931 and as of June of 2024, it had grown to 151 employees at 11 locations. Clear Mountain Bank has an A health rating.
Stay Away If You're A Small Business
I took out a business loan through them during COVID. I was elated they approved my loan, but then again, it wasn't very much in comparison to other businesses. However, after I signed the agreement and started payments, I was completely forgotten about. My loan specialist refused to return calls and e-mails for weeks at a time. When I would finally get through to speak with him, he did his best to end our call within a minute. No lie. One whole minute. He did not care about me or my business in the slightest, despite the fact that I always made my payments on time and did everything right.
Stay away from them. They might loan you money, but you'll be treated like garbage thereafter, especially if you're a small business owner.
Data as of Q2 2024
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 2443 |
| Year Established | 1931 |
| Employees | 151 |
| Primary Regulator | FED |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.11% |
| Return on Equity - YTD | 11.44% |
| Annual Interest Income | $25.7MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2024vs Q2 2023 | $998.7MM$938.7MM |
| Loans | Q2 2024vs Q2 2023 | $678.4MM$625.9MM |
| Deposits | Q2 2024vs Q2 2023 | $812.1MM$784.9MM |
| Equity Capital | Q2 2024vs Q2 2023 | $97.1MM$85.9MM |
| Loan Loss Allowance | Q2 2024vs Q2 2023 | $10MM$8.8MM |
| Unbacked Noncurrent Loans | Q2 2024vs Q2 2023 | $2.3MM$529K |
| Real Estate Owned | Q2 2024vs Q2 2023 | $0$48K |