Ohio Valley Bank is headquartered in Gallipolis and is the 26th largest bank in the state of Ohio. It is also the 844th largest bank in the nation. It was established in 1872 and as of June of 2020, it had grown to 246 employees at 16 locations. Ohio Valley Bank's money market rates are 11% higher than the national average, and it has an A health rating.
Good Customer Service and Hometown Investment
My experience with Ohio Valley Bank has been very positive. I opened a RightStart checking account with them before I began college, and they have been very gracious with their service and help over the past few years. I have never been able to maintain more than a few thousand at a time in the account, due to my occupation as a student, but the bank has a very reasonable policy and doesn't charge fees on a low balance (a positive for a college junior with $10,000's in student debt). In addition, every time I visit, they are a bright and cheery face and make me feel welcomed and important to them. Attending college across the country, it would be easy to grow detached and cold towards a relatively low-investing client, but they have been very faithful to provide me with whatever resources I need. I fully intend to continue banking with them as I continue into medical school and into my career as a physician (a decision which will prove beneficial to them I hope).
Data as of Q2 2020
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 384 |
| Year Established | 1872 |
| Employees | 246 |
| Primary Regulator | FED |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.49% |
| Return on Equity - YTD | 4.03% |
| Annual Interest Income | $22.2MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2020vs Q2 2019 | $1.09B$1.02B |
| Loans | Q2 2020vs Q2 2019 | $813.5MM$758.9MM |
| Deposits | Q2 2020vs Q2 2019 | $916.3MM$853.0MM |
| Equity Capital | Q2 2020vs Q2 2019 | $126.7MM$119.6MM |
| Loan Loss Allowance | Q2 2020vs Q2 2019 | $7.7MM$7.0MM |
| Unbacked Noncurrent Loans | Q2 2020vs Q2 2019 | $8.2MM$10.3MM |
| Real Estate Owned | Q2 2020vs Q2 2019 | $226.00K$137.00K |
