Overview / Commentary
MVB Bank is headquartered in Fairmont and is the 4th largest bank in the state of West Virginia. It is also the 486th largest bank in the nation. It was established in 1999 and as of June of 2018, it had grown to 356 employees at 13 locations. MVB Bank has an A health rating.
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Health
A
Data as of Q2 2018
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 34603 |
| Year Established | 1999 |
| Employees | 356 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1% |
| Return on Equity - YTD | 9.03% |
| Annual Interest Income | $32.2MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2018vs Q2 2017 | $1.68B$1.50B |
| Loans | Q2 2018vs Q2 2017 | $1.30B$1.20B |
| Deposits | Q2 2018vs Q2 2017 | $1.20B$1.11B |
| Equity Capital | Q2 2018vs Q2 2017 | $178.7MM$171.1MM |
| Loan Loss Allowance | Q2 2018vs Q2 2017 | $10.7MM$9.7MM |
| Unbacked Noncurrent Loans | Q2 2018vs Q2 2017 | $9.4MM$5.1MM |
| Real Estate Owned | Q2 2018vs Q2 2017 | $1.8MM$1.1MM |
Rates
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MVB Bank CD Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 2.20% | $1k | $95k | 18 Month CD Special | |
| 2.00% | $1k | $95k | 13 Month CD Special |
