Overview / Commentary
39 Main Street
Union, WV 24983

The Bank of Monroe is headquartered in Union and is the 35th largest bank in the state of West Virginia. It is also the 3,573rd largest bank in the nation. It was established in 1903 and as of June of 2018, it had grown to 33 employees at 3 locations. The Bank of Monroe has an A+ health rating.


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Health Grade Components

FDIC Certificate #6180
Year Established1903
Primary RegulatorFED
Profit Margin
Return on Assets - YTD1.4%
Return on Equity - YTD10.23%
Annual Interest Income$2.6MM
Assets and Liabilities
AssetsQ2 2018vs Q2 2017$139.5MM$136.5MM
LoansQ2 2018vs Q2 2017$76.1MM$67.2MM
DepositsQ2 2018vs Q2 2017$119.7MM$117.1MM
Equity CapitalQ2 2018vs Q2 2017$19.3MM$18.3MM
Loan Loss AllowanceQ2 2018vs Q2 2017$958.00K$842.00K
Unbacked Noncurrent LoansQ2 2018vs Q2 2017$141.00K$188.00K
Real Estate OwnedQ2 2018vs Q2 2017$0$0

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The Bank of Monroe Locations
The Bank Of Monroe39 Main StreetUnion, WV 24983
Lewisburg Branch3268 Jefferson Street NLewisburg, WV 24901
Fairlea Branch9679 Seneca Trail SouthFairlea, WV 24902

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