Clear Mountain Bank is headquartered in BRUCETON MILLS and is the 5th largest bank in the state of West Virginia. It is also the 1,096th largest bank in the nation. It was established in 1931 and as of March of 2023, it had grown to 159 employees at 10 locations. Clear Mountain Bank has an A health rating.
Simply Awesome!
Simply awesome! Easy to understand products, low fees, great service. Locally owned. What a bank should be.
Horrible Service
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.
Data as of Q1 2023
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 2443 |
| Year Established | 1931 |
| Employees | 159 |
| Primary Regulator | FED |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.06% |
| Return on Equity - YTD | 11.51% |
| Annual Interest Income | $9.5MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2023vs Q1 2022 | $896.9MM$870.6MM |
| Loans | Q1 2023vs Q1 2022 | $605.2MM$532.3MM |
| Deposits | Q1 2023vs Q1 2022 | $787.9MM$776.3MM |
| Equity Capital | Q1 2023vs Q1 2022 | $84.8MM$88.1MM |
| Loan Loss Allowance | Q1 2023vs Q1 2022 | $8.7MM$9.7MM |
| Unbacked Noncurrent Loans | Q1 2023vs Q1 2022 | $1.0MM$2.1MM |
| Real Estate Owned | Q1 2023vs Q1 2022 | $116.00K$99.00K |