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Overview / Commentary
39 Main Street
Union, WV 24983

The Bank of Monroe is headquartered in Union and is the 37th largest bank in the state of West Virginia. It is also the 3,615th largest bank in the nation. It was established in 1903 and as of March of 2018, it had grown to 32 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 - YTD1.12%
Return on Equity - YTD8.24%
Annual Interest Income$1.3MM
Assets and Liabilities
AssetsQ1 2018vs Q1 2017$138.7MM$136.2MM
LoansQ1 2018vs Q1 2017$73.7MM$65.0MM
DepositsQ1 2018vs Q1 2017$119.5MM$116.2MM
Equity CapitalQ1 2018vs Q1 2017$18.8MM$19.1MM
Loan Loss AllowanceQ1 2018vs Q1 2017$882.00K$845.00K
Unbacked Noncurrent LoansQ1 2018vs Q1 2017$137.00K$163.00K
Real Estate OwnedQ1 2018vs Q1 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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