Overview / Commentary
39 Main Street
Union, WV 24983

The Bank of Monroe is headquartered in Union and is the 34th largest bank in the state of West Virginia. It is also the 3,544th largest bank in the nation. It was established in 1903 and as of December 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 - YTD1.28%
Return on Equity - YTD9.36%
Annual Interest Income$5.4MM
Assets and Liabilities
AssetsQ4 2018vs Q4 2017$140.0MM$137.5MM
LoansQ4 2018vs Q4 2017$81.1MM$72.2MM
DepositsQ4 2018vs Q4 2017$120.4MM$118.1MM
Equity CapitalQ4 2018vs Q4 2017$18.7MM$18.8MM
Loan Loss AllowanceQ4 2018vs Q4 2017$954.00K$880.00K
Unbacked Noncurrent LoansQ4 2018vs Q4 2017$207.00K$172.00K
Real Estate OwnedQ4 2018vs Q4 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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