Bank of Mount Hope, Inc.

602 Main Street
Mount Hope, WV 25880

Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 13017
Date Established 1914
Assets $0.12 billion
Loans $0.07 billion
Deposits $0.10 billion
Capital $0.02 billion

Bank of Mount Hope, Inc. is an FDIC insured institution located in Mount Hope, WV. It was founded in 1914 and has approximately $0.12 billion in assets. Customers can open an account at one of its 3 branches.

For a more detailed analysis of Bank of Mount Hope, Inc.'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 Mount Hope, Inc.’s loan portfolio are 1-4 Family Residential Loans, Commercial and Industrial Loans, and Commercial Real Estate.

Compared to other banks in West Virginia, Bank of Mount Hope, Inc. has a significantly higher percent of Consumer Auto Loans, Commercial and Industrial Loans on its balance sheet, potentially indicating a specialty in that lending area.

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 38.77
Multifamily
Mortgages
0.00
Credit Card Loans 0.00
Consumer Auto Loans 7.17
Small Business Loans 9.80
Construction and Development Loans 0.87
Commercial Real Estate 11.64
Commercial and Industrial Loans 30.23
Farm Loans 0.00

Deposit Rates

Your Current Location: Virginia, VA 20146

CD Rates APY MIN MAX
3 Mo CD 10K
0.06% $1,000 - Learn MoreShow Less
Savings Rates APY MIN MAX
Fixed IRA Rates APY MIN MAX
Fixed IRA 0K
1.01% $1,000 - Learn MoreShow Less
Variable IRA Rates APY MIN MAX
Var IRA 0K
1.77% $1,000 - Learn MoreShow Less
MM Rates APY MIN MAX
MM 10K
0.05% $2,500 - Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg 0K
0.01% $1,200 - Learn MoreShow Less

Loan Rates

Your Current Location: Virginia, VA 20146

Home Equity Rates APR Rate Monthly Payment
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 Mount Hope, Inc. 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 Mount Hope, Inc. Locations

Financial Details

Bank of Mount Hope, Inc. Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Bank of Mount Hope, Inc.. 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 Mount Hope, Inc. U.S. Bank Average
0% 8.32%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its the bank’s tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.

As of September 30, 2017, Bank of Mount Hope, Inc. had $0 in non-current loans and $0 in owned real estate. To cover these potential losses it had $15,937,000 in equity and $671,000 in loans loss reserves. That gives it a Texas Ratio of 0%.

Return on Equity
Bank of Mount Hope, Inc. U.S. Bank Average
7.63% 8.84%

Bank of Mount Hope, Inc. has a Return on Equity of 7.63% versus the BestCashCow average of 8.84%. 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 Mount Hope, Inc. U.S. Bank Average
12.75% 12.21%

Bank of Mount Hope, Inc. has a Capitalization of 12.75% versus the BestCashCow average of 12.21. 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 Mount Hope, Inc. Balance Sheet Analysis

As of December 31, 2017, Bank of Mount Hope, Inc. had assets of $124,990,000, loans of $66,471,000, and deposits of $104,392,000. 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.

Summary Balance Sheet

ASSETS
Cash & Balances due from depository institutions $0.01 billion
Interest-bearing balances $0.00 billion
Total securities $0.05 billion
Federal funds sold and reverse repurchase $0.00 billion
Net loans and leases $0.07 billion
Loan loss allowance $0.00 billion
Trading account assets $0.00 billion
Bank premises and fixed assets $0.00 billion
Other real estate owned $0.00 billion
Goodwill and other intangibles $0.00 billion
All other assets $0.00 billion
     Total Assets $0.11 billion
LIABILITIES
Total deposits $0.10 billion
      Interest-bearing deposits $0.07 billion
      Deposits held in domestic offices $0.10 billion
      % insured (estimated) 84.39%
Federal funds purchased and repurchase agreements $0.00 billion
Trading liabilities $0.00 billion
Other borrowed funds $0.00 billion
Subordinated debt $0.00 billion
All other liabilities $0.00 billion
      Total Liabilities $0.11 billion
      Shareholders’ Equity $0.02 billion

Summary Income Statement

INCOME AND EXPENSES
Total Interest Income $0.00 billion
Total Interest Expense $0.00 billion
Net interest income $0.00 billion
Provision for loan and lease losses $0.00 billion
Total non interest income $0.00 billion
Total non interest expense $0.00 billion
Pre-tax Net Operating Income $0.00 billion

Frequently Asked Questions About Bank Of Mount Hope, Inc.

Branches and Savings

Is Bank Of Mount Hope, Inc. FDIC insured?

Yes. It is covered under FDIC Certificate #13017.

Why does Bank Of Mount Hope, Inc. 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 Mount Hope, Inc. CD rates not competitive?

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

Is Bank Of Mount Hope, Inc. a commercial bank?

Yes

Where are Bank Of Mount Hope, Inc. locations?

See branch locations nearby.

Is Bank Of Mount Hope, Inc. open on Saturdays?

Is Bank Of Mount Hope, Inc. open on Sundays?

What time does Bank Of Mount Hope, Inc. open?

What time does Bank Of Mount Hope, Inc. close?

Are Bank Of Mount Hope, Inc. ATMs Open 24/7?

Do Bank Of Mount Hope, Inc. ATMs accept cash deposits?

Can Bank Of Mount Hope, Inc. customers use other ATMs?

Do Bank Of Mount Hope, Inc. branches have notaries?

Will Bank Of Mount Hope, Inc. notarize my document?

What address for Bank Of Mount Hope, Inc. should I put for incoming ACH transfers?

Will the Bank Of Mount Hope, Inc. branch print checks?

Do Bank Of Mount Hope, Inc. checks expire?

Does Bank Of Mount Hope, Inc. require US citizenship to open account?

Can Bank Of Mount Hope, Inc. close my account?

Does Bank Of Mount Hope, Inc. Report to credit bureaus?

Does Bank Of Mount Hope, Inc. Use Equifax?

What is Bank Of Mount Hope, Inc.'s ACH Routing Number?

What is Bank Of Mount Hope, Inc.'s SWIFT code?

Products

Does Bank Of Mount Hope, Inc. offer mortgages?

Compare mortgage rates here.

Does Bank Of Mount Hope, Inc. offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Bank Of Mount Hope, Inc. offer personal loans?

Compare personal loan rates here.

Does Bank Of Mount Hope, Inc. offer student loans?

Will Bank Of Mount Hope, Inc. cash a check?

Will Bank Of Mount Hope, Inc. redeem a savings bond?

Does Bank Of Mount Hope, Inc. cash savings bonds?

Will Bank Of Mount Hope, Inc. cash money orders?

Can Bank Of Mount Hope, Inc. issue a money order?

Does Bank Of Mount Hope, Inc. do currency exchange?

Background on The Bank

Who owns Bank Of Mount Hope, Inc.?

How long has Bank Of Mount Hope, Inc. been around?

Can Bank Of Mount Hope, Inc. transfer to other banks?

Does Bank Of Mount Hope, Inc. have quick pay?

Does Bank Of Mount Hope, Inc. accept rolled coins?

Will Bank Of Mount Hope, Inc. accept loose change?

Where is Bank Of Mount Hope, Inc. headquarters?

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