Bank of Charles Town

111 East Washington Street
Charles Town, WV 25414

Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 9023
Date Established 1870
Assets $0.41 billion
Loans $0.35 billion
Deposits $0.36 billion
Capital $0.03 billion

Bank of Charles Town is an FDIC insured institution located in Charles Town, WV. It was founded in 1870 and has approximately $0.41 billion in assets. Customers can open an account at one of its 7 branches.

For a more detailed analysis of Bank of Charles Town's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Bank Loan Profile?

The top three loan types in Bank of Charles Town’s loan portfolio are 1-4 Family Residential Loans, Commercial Real Estate, and Small Business Loans.

Compared to other banks, Bank of Charles Town’s loan portfolio does not show any specific loan specialty.

Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 47.69
Multifamily
Mortgages
3.74
Credit Card Loans 0.00
Consumer Auto Loans 0.85
Small Business Loans 9.92
Construction and Development Loans 7.15
Commercial Real Estate 31.49
Commercial and Industrial Loans 5.11
Farm Loans 0.26

Savings Rates

Your Current Location: Virginia, VA 20146

CD Rates APY MIN MAX
3 Mo CD 10K
0.10% $1,000 - Learn MoreShow Less
6 Mo CD 10K
0.15% $1,000 - Learn MoreShow Less
Savings Rates APY MIN MAX
Savings 2.5K
0.05% $1 - Learn MoreShow Less
Fixed IRA Rates APY MIN MAX
Fixed IRA 0K
0.25% $500 - Learn MoreShow Less
MM Rates APY MIN MAX
MM 10K
0.05% $1 $24,999 Learn MoreShow Less
MM 25K
0.10% $25,000 $49,999 Learn MoreShow Less

Loan Rates

Your Current Location: Virginia, VA 20146

Refinance Mortgage Rates APR Rate Monthly Payment
Purchase Mortgage Rates APR Rate Monthly Payment

Monthly payments for mortgage products are based on a loan amount of $200,000. Home equity monthly payments are based on a loan amount of $50,000. Auto loan monthly payments are based on a loan amount of $25,000. Rates for each product are based on a variety of factors including credit score and loan amount. For specific requirements please check with the lender. Rates may change at any time.

Branches

Bank of Charles Town branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Ashburn,Virginia


Bank Of Charles Town Locations

Financial Details

Bank of Charles Town Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Bank of Charles Town. The data is provided by the FDIC. All banks listed on BestCashCow.com are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
Bank of Charles Town U.S. Bank Average
4.29% 8.45

The Texas Ratio compares the amount of loans at risk and the amount of owned real estate with the amount a bank has on hand to cover any losses. As of June 30, 2017, Bank of Charles Town had $1,351,000 in non-current loans and $247,000 in owned real estate. To cover these potential losses it had $33,878,000 in equity and $3,385,000 in loans loss reserves. That gives it a Texas Ratio of 4.29%. The closer the Texas Ratio is to 100% and over, the less capital and reserves a bank has to absorb its loan losses.

Return on Equity
Bank of Charles Town U.S. Bank Average
14.09% 8.58

Bank of Charles Town has a Return on Equity of 14.09% versus the BestCashCow average of 8.58. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.

Capitalization
Bank of Charles Town U.S. Bank Average
8.24% 12.11

Bank of Charles Town has a Capitalization of 8.24% versus the BestCashCow average of 12.11. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.

Bank of Charles Town Balance Sheet Analysis

As of June 30, 2017, Bank of Charles Town had assets of $411,004,000, loans of $345,505,000, and deposits of $358,748,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.

Frequently Asked Questions About Bank of Charles Town

Branches and Savings

Is Bank of Charles Town FDIC insured?

Yes. It is covered under FDIC Certificate #9023.

Why does Bank of Charles Town pay such low interest on savings accounts?

See the best online savings rates here. See the best local savings rates here.

Why are Bank of Charles Town CD rates not competitive?

See the best online CD rates here. See the best local CD rates here.

Is Bank of Charles Town a commercial bank?

Yes

Where are Bank of Charles Town locations?

See branch locations nearby.

Is Bank of Charles Town open on Saturdays?

Is Bank of Charles Town open on Sundays?

What time does Bank of Charles Town open?

What time does Bank of Charles Town close?

Are Bank of Charles Town ATMs Open 24/7?

Do Bank of Charles Town ATMs accept cash deposits?

Can Bank of Charles Town customers use other ATMs?

Do Bank of Charles Town branches have notaries?

Will Bank of Charles Town notarize my document?

What address for Bank of Charles Town should I put for incoming ACH transfers?

Will the Bank of Charles Town branch print checks?

Do Bank of Charles Town checks expire?

Does Bank of Charles Town require US citizenship to open account?

Can Bank of Charles Town close my account?

Does Bank of Charles Town Report to credit bureaus?

Does Bank of Charles Town Use Equifax?

What is Bank of Charles Town's ACH Routing Number?

What is Bank of Charles Town's SWIFT code?

Products

Does Bank of Charles Town offer mortgages?

Compare mortgage rates here.

Does Bank of Charles Town offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Bank of Charles Town offer personal loans?

Compare personal loan rates here.

Does Bank of Charles Town offer student loans?

Will Bank of Charles Town cash a check?

Will Bank of Charles Town redeem a savings bond?

Does Bank of Charles Town cash savings bonds?

Will Bank of Charles Town cash money orders?

Can Bank of Charles Town issue a money order?

Does Bank of Charles Town do currency exchange?

Background on The Bank

Who owns Bank of Charles Town?

How long has Bank of Charles Town been around?

Can Bank of Charles Town transfer to other banks?

Does Bank of Charles Town have quick pay?

Does Bank of Charles Town accept rolled coins?

Will Bank of Charles Town accept loose change?

Where is Bank of Charles Town headquarters?

Customer Reviews for Bank of Charles Town

There are currently no comments for Bank of Charles Town. Be the first to share your experience. Please provide comments that will help others.

Add Your Review

Rate it here →