Clear Mountain Bank


160 Morgantown St
Bruceton Mills, WV 26525
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Notable Rates APY Vs.Others
Savings 0.07% 0.66% →
1-Year CD 0.20% 0.71% →
2-Year CD 0.40% 0.81% →
5-Year CD 0.75% 1.15% →
30-Year Mortgage 3.74% 2.72% →
15-Year Mortgage 3.12% 2.36% →
HELOC N.A. 2.79% →

2021 Overview

General Bank Information

Clear Mountain Bank is an FDIC insured institution located in Bruceton Mills, WV. It was founded in 1931 and has approximately $0.76 billion in assets. Customers can open an account at one of its 13 branches.

FDIC Insured Yes
FDIC Certificate # 2443
Date Established 1931
Assets $ 761.90 million
Loans $ 541.51 million
Deposits $ 668.69 million
Capital $ 87.68 million

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

Deposit Rates - February 27, 2021

Your Current Location: Connecticut, CT 06828

Savings and Money Market Rates APY MIN MAX
0.07% $1 - Learn More
Money Market
0.05% $1,000 $24,999 Learn More
Money Market
0.07% $25,000 $99,999 Learn More
6 Mo CD
0.10% $1,000 - Learn More
12 Mo CD
0.20% $500 - Learn More
18 Mo CD
0.30% $500 - Learn More
24 Mo CD
0.40% $500 - Learn More
30 Mo CD
0.40% $500 - Learn More
36 Mo CD
0.50% $500 - Learn More
48 Mo CD
0.65% $500 - Learn More
60 Mo CD
0.75% $500 - Learn More

Int Checking Rates APY MIN MAX
Int Ckg
0.04% $1 - Learn MoreShow Less

Loan Rates - February 27, 2021

Your Current Location: Connecticut, CT 06828

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.


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Financial Details

Clear Mountain Bank Ratio Analysis

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

Texas Ratio
Clear Mountain Bank U.S. Bank Average
3.18% 6.14%

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 September 30, 2020, Clear Mountain Bank had $2,793,000 in non-current loans and $291,000 in owned real estate. To cover these potential losses it had $87,676,000 in equity and $9,171,000 in loans loss reserves. That gives it a Texas Ratio of 3.18%.

Return on Equity
Clear Mountain Bank U.S. Bank Average
11.55% 9.23%

Clear Mountain Bank has a Return on Equity of 11.55% versus the BestCashCow average of 9.23%. 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.

Clear Mountain Bank U.S. Bank Average
11.51% 12.07%

Clear Mountain Bank has a Capitalization of 11.51% versus the BestCashCow average of 12.07. 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.

Clear Mountain Bank Balance Sheet Analysis

As of September 30, 2020, Clear Mountain Bank had assets of $761,902,000, loans of $541,513,000, and deposits of $668,689,000. 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

September 30, 2020
Cash & Balances due from depository institutions $ 33.47 million
Interest-bearing balances $ 24.32 million
Total securities $ 152.63 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 541.51 million
Loan loss allowance $ 9.17 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.29 million
Goodwill and other intangibles $ 0.38 million
All other assets $ 19.67 million
     Total Assets $ 674.23 million
Total deposits $ 668.69 million
      Interest-bearing deposits $ 456.28 million
      Deposits held in domestic offices $ 668.69 million
      % insured (estimated) 82.33%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 5.54 million
      Total Liabilities $ 674.23 million
      Shareholders’ Equity $ 87.68 million

Summary Income Statement

September 30, 2020
Total Interest Income $ 22.06 million
Total Interest Expense $ 3.06 million
Net interest income $ 19.01 million
Provision for loan and lease losses $ 1.38 million
Total non interest income $ 6.93 million
Total non interest expense $ 15.31 million
Pre-tax Net Operating Income $ 9.24 million

Bank Loan Profile?

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

Compared to other banks in West Virginia, Clear Mountain Bank has a significantly higher percent of Credit Card Loans, Construction and Development 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.

Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 46.33
Credit Card Loans 0.36
Consumer Auto Loans 1.27
Small Business Loans 0.00
Construction and Development Loans 8.48
Commercial Real Estate 19.67
Commercial and Industrial Loans 18.22
Farm Loans 0.00

Frequently Asked Questions About Clear Mountain Bank

Branches and Savings

Is Clear Mountain Bank FDIC insured?

Yes. It is covered under FDIC Certificate #2443.

Why does Clear Mountain Bank pay such low interest on savings accounts?

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

Why are Clear Mountain Bank CD rates not competitive?

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

Is Clear Mountain Bank a commercial bank?


Where are Clear Mountain Bank locations?

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Is Clear Mountain Bank open on Saturdays?

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Does Clear Mountain Bank require US citizenship to open account?

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Does Clear Mountain Bank offer mortgages?

Compare mortgage rates here.

Does Clear Mountain Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Clear Mountain Bank offer personal loans?

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Does Clear Mountain Bank offer student loans?

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Background on The Bank

Who owns Clear Mountain Bank?

How long has Clear Mountain Bank been around?

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Does Clear Mountain Bank have quick pay?

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