MVB Bank

Overview / Commentary
301 Virginia Avenue
Fairmont, WV 26554

MVB Bank is headquartered in Fairmont and is the 4th largest bank in the state of West Virginia. It is also the 448th largest bank in the nation. It was established in 1999 and as of June of 2020, it had grown to 440 employees at 14 locations. MVB Bank has a B+ health rating.


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Health Grade Components

FDIC Certificate #34603
Year Established1999
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD2.18%
Return on Equity - YTD21.09%
Annual Interest Income$42.9MM
Assets and Liabilities
AssetsQ2 2020vs Q2 2019$2.21B$1.83B
LoansQ2 2020vs Q2 2019$1.72B$1.44B
DepositsQ2 2020vs Q2 2019$1.87B$1.38B
Equity CapitalQ2 2020vs Q2 2019$225.3MM$210.6MM
Loan Loss AllowanceQ2 2020vs Q2 2019$17.7MM$11.2MM
Unbacked Noncurrent LoansQ2 2020vs Q2 2019$18.5MM$6.8MM
Real Estate OwnedQ2 2020vs Q2 2019$8.9MM$1.4MM

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Clarksburg Area

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