Overview / Commentary
MVB Bank is headquartered in Fairmont and is the 4th largest bank in the state of West Virginia. It is also the 404th largest bank in the nation. It was established in 1999 and as of June of 2021, it had grown to 359 employees at 16 locations. MVB Bank has an A health rating.
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Reviews (1)
Nightmare
Posted by: lisak2020 | Feb 2, 2021
I definitely wish I would have chosen a different bank. Since I opened my account 10/2019 it has been nothing but, a nightmare. I will not be recommending this bank to anyone. Welcome to the clown house were they think life is all fun and games. No my account is not overdrawn I have overdrawn one time due to the fact there was 2 transactions for the same amount that apparently can not be stopped so 2 transactions for the same purchase went through.
Health
A
Data as of Q2 2021
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 34603 |
| Year Established | 1999 |
| Employees | 359 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.71% |
| Return on Equity - YTD | 16.12% |
| Annual Interest Income | $40.0MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2021vs Q2 2020 | $2.74B$2.21B |
| Loans | Q2 2021vs Q2 2020 | $1.73B$1.72B |
| Deposits | Q2 2021vs Q2 2020 | $2.40B$1.87B |
| Equity Capital | Q2 2021vs Q2 2020 | $282.4MM$225.3MM |
| Loan Loss Allowance | Q2 2021vs Q2 2020 | $24.9MM$17.7MM |
| Unbacked Noncurrent Loans | Q2 2021vs Q2 2020 | $21.4MM$18.5MM |
| Real Estate Owned | Q2 2021vs Q2 2020 | $4.3MM$8.9MM |
