Bank of the Mountains, Inc.

Headquarters

Main And Court Streets
West Liberty, KY 41472
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 0.85% →
1-Year CD N.A. 0.75% →
2-Year CD N.A. 0.80% →
5-Year CD N.A. 1.10% →
30-Year Mortgage N.A. 2.72% →
15-Year Mortgage N.A. 2.36% →
HELOC N.A. 2.79% →

2021 Overview

General Bank Information

Bank of the Mountains, Inc. is an FDIC insured institution located in West Liberty, KY. It was founded in 1973 and has approximately $0.08 billion in assets. Customers can open an account at one of its 3 branches.

FDIC Insured Yes
FDIC Certificate # 21219
Date Established 1973
Assets $ 81.48 million
Loans $ 54.06 million
Deposits $ 71.98 million
Capital $ 8.44 million
 

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

Deposit Rates - October 15, 2021

Your Current Location: Virginia, VA 20146

 

Loan Rates - October 15, 2021

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for Bank of the Mountains, Inc.

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:




Featured - Virginia 30 Year Fixed Mortgage Rates 2021

Lender APR Rate (%) Monthly
Payment
Learn More
CashCall Mortgage
NMLS ID: 128231
2.952% 2.875%
1.00 points
$2,500 fees
$1,038 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2021

Lender APR (%)? Monthly Payment? Learn More
Bethpage Federal Credit Union
Bethpage Federal Credit Union
See Table
Intro APR 2.990 %
After Intro: 3.750 %
Intro Period: 12 months
$25,000 Learn More
More Info
Third Federal Savings and Loan
Third Federal Savings and Loan
See Table
2.240 %
$0 Learn More
More Info

Note to Bank of the Mountains, Inc.
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Branches

Bank of the Mountains, 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 the Mountains, Inc. Locations



Climate Initiatives

Bank of the Mountains, Inc. is encouraged to provide us with this information. When we receive this information from the bank, we will provide it here.

Financial Details

Bank of the Mountains, Inc. Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Bank of the Mountains, 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 the Mountains, Inc. U.S. Bank Average
11.07% 4.78%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its 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 June 30, 2021, Bank of the Mountains, Inc. had $951,000 in non-current loans and $86,000 in owned real estate. To cover these potential losses it had $8,439,000 in equity and $927,000 in loans loss reserves. That gives it a Texas Ratio of 11.07%.

Return on Equity
Bank of the Mountains, Inc. U.S. Bank Average
9.64% 11.29%

Bank of the Mountains, Inc. has a Return on Equity of 9.64% versus the BestCashCow average of 11.29%. 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 the Mountains, Inc. U.S. Bank Average
10.36% 11.72%

Bank of the Mountains, Inc. has a Capitalization of 10.36% versus the BestCashCow average of 11.72. 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 the Mountains, Inc. Balance Sheet Analysis

As of June 30, 2021, Bank of the Mountains, Inc. had assets of $81,484,000, loans of $54,055,000, and deposits of $71,980,000. 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

June 30, 2021
ASSETS
Cash & Balances due from depository institutions $ 4.36 million
Interest-bearing balances $ 1.31 million
Total securities $ 7.98 million
Federal funds sold and reverse repurchase $ 9.04 million
Net loans and leases $ 54.06 million
Loan loss allowance $ 0.93 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.09 million
Goodwill and other intangibles N.A.
All other assets $ 3.39 million
     Total Assets $ 73.05 million
LIABILITIES
Total deposits $ 71.98 million
      Interest-bearing deposits $ 47.64 million
      Deposits held in domestic offices $ 71.98 million
      % insured (estimated) 89.34%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 0.48 million
Subordinated debt N.A.
All other liabilities $ 0.58 million
      Total Liabilities $ 73.05 million
      Shareholders’ Equity $ 8.44 million

Summary Income Statement

June 30, 2021
INCOME AND EXPENSES
Total Interest Income $ 2.00 million
Total Interest Expense $ 0.17 million
Net interest income $ 1.83 million
Provision for loan and lease losses N.A.
Total non interest income $ 0.27 million
Total non interest expense $ 1.59 million
Pre-tax Net Operating Income $ 0.51 million

Bank Loan Profile?

The top three loan types in Bank of the Mountains, Inc.’s loan portfolio are 1-4 Family Residential Loans, Commercial Real Estate, and Commercial and Industrial Loans.

Compared to other banks in Kentucky, Bank of the Mountains, Inc. has a significantly higher percent of Credit Card Loans, Consumer Auto 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 36.33
Multifamily
Mortgages
0.26
Credit Card Loans 0.37
Consumer Auto Loans 5.26
Small Business Loans 0.00
Construction and Development Loans 1.94
Commercial Real Estate 12.05
Commercial and Industrial Loans 6.39
Farm Loans 1.98

Frequently Asked Questions About Bank Of The Mountains, Inc.

Branches and Savings

Is Bank Of The Mountains, Inc. FDIC insured?

Yes. It is covered under FDIC Certificate #21219.

Why does Bank Of The Mountains, 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 The Mountains, Inc. CD rates not competitive?

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

Is Bank Of The Mountains, Inc. a commercial bank?

Yes

Where are Bank Of The Mountains, Inc. locations?

See branch locations nearby.

Is Bank Of The Mountains, Inc. open on Saturdays?

Is Bank Of The Mountains, Inc. open on Sundays?

What time does Bank Of The Mountains, Inc. open?

What time does Bank Of The Mountains, Inc. close?

Are Bank Of The Mountains, Inc. ATMs Open 24/7?

Do Bank Of The Mountains, Inc. ATMs accept cash deposits?

Can Bank Of The Mountains, Inc. customers use other ATMs?

Do Bank Of The Mountains, Inc. branches have notaries?

Will Bank Of The Mountains, Inc. notarize my document?

What address for Bank Of The Mountains, Inc. should I put for incoming ACH transfers?

Will the Bank Of The Mountains, Inc. branch print checks?

Do Bank Of The Mountains, Inc. checks expire?

Does Bank Of The Mountains, Inc. require US citizenship to open account?

Can Bank Of The Mountains, Inc. close my account?

Does Bank Of The Mountains, Inc. Report to credit bureaus?

Does Bank Of The Mountains, Inc. Use Equifax?

What is Bank Of The Mountains, Inc.'s ACH Routing Number?

What is Bank Of The Mountains, Inc.'s SWIFT code?

Products

Does Bank Of The Mountains, Inc. offer mortgages?

Compare mortgage rates here.

Does Bank Of The Mountains, Inc. offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Bank Of The Mountains, Inc. offer personal loans?

Compare personal loan rates here.

Does Bank Of The Mountains, Inc. offer student loans?

Will Bank Of The Mountains, Inc. cash a check?

Will Bank Of The Mountains, Inc. redeem a savings bond?

Does Bank Of The Mountains, Inc. cash savings bonds?

Will Bank Of The Mountains, Inc. cash money orders?

Can Bank Of The Mountains, Inc. issue a money order?

Does Bank Of The Mountains, Inc. do currency exchange?

Background on The Bank

Who owns Bank Of The Mountains, Inc.?

How long has Bank Of The Mountains, Inc. been around?

Can Bank Of The Mountains, Inc. transfer to other banks?

Does Bank Of The Mountains, Inc. have quick pay?

Does Bank Of The Mountains, Inc. accept rolled coins?

Will Bank Of The Mountains, Inc. accept loose change?

Where is Bank Of The Mountains, Inc. headquarters?

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