Mountain Valley Bank, N.A. is headquartered in Elkins and is the 37th largest bank in the state of West Virginia. It is also the 3,647th largest bank in the nation. It was established in 1909 and as of September of 2017, it had grown to 40 employees at 4 locations. Mountain Valley Bank, N.A. has an A+ health rating.
Mountain Valley Bank is a great small town bank. They offer standard services such as personal checking, personal savings and business checking and business savings. On a business aspect the fees and requirements aren't very up with the times. They require minimum balances and do not offer a debit card for business accounts. If you run a business in which you purchase goods or supplies online this makes it difficult to bank with them as a business. On a personal level it is really nice to have that one on one personal relationship where you walk in and they all know you by name. When you explain your situation and what you need you are a person and not just an account number. The friendly staff makes the behind the times online banking system well worth it to bank with them over a large chain where you are only an account number in their large system of customers.
I bank with Mountain Valley Bank in north central West Virginia. The bank staff are usually friendly and know you by name, they go out of their way to be nice. My experience with the people is almost always a positive. They do charge high fees for overdraws, they charge $33 for each overdraft and are very reluctant to return the fees. Also the tellers are given almost no authority to reverse overdrafts, and you have to call and speak with someone to try and get the fees removed. One time I was 7 minutes late on a deposit the cutoff was 2pm and I was there at 2:07 making a $6 deposit to avoid an overdraft, they put it on next day and gave me a $33 fee on a $5 overdraft, and would not budge on returning the fee. It was my fault, but $33 seems a bit excessive.
|FDIC Certificate #||6786|
|Return on Assets - YTD||0.72%|
|Return on Equity - YTD||5.87%|
|Annual Interest Income||$3.9MM|
|Assets and Liabilities|
|Assets||Q3 2017vs Q3 2016||$141.7MM$135.2MM|
|Loans||Q3 2017vs Q3 2016||$89.6MM$88.9MM|
|Deposits||Q3 2017vs Q3 2016||$118.6MM$113.3MM|
|Equity Capital||Q3 2017vs Q3 2016||$17.8MM$17.4MM|
|Loan Loss Allowance||Q3 2017vs Q3 2016||$1.1MM$1.0MM|
|Unbacked Noncurrent Loans||Q3 2017vs Q3 2016||$223.00K$798.00K|
|Real Estate Owned||Q3 2017vs Q3 2016||$0$0|
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|Mountain Valley Bank, N.A. Locations|
|Mountain Valley Bank, N.A.||317 Davis Avenue||Elkins, WV 26241|
|Parsons Branch||401 First Street||Parsons, WV 26287|
|Elkins Branch||1955 Beverly Pike||Elkins, WV 26241|
|Mill Creek Branch||9896 Seneca Trail||Mill Creek, WV 26280|