MVB Bank, Inc

Headquarters

301 Virginia Avenue
Fairmont, WV 26554
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.01% 1.05% →
1-Year CD 0.20% 0.95% →
2-Year CD 0.25% 1.05% →
5-Year CD 0.75% 1.30% →
30-Year Mortgage N.A. 2.80% →
15-Year Mortgage N.A. 2.37% →
HELOC N.A. 2.79% →

2020 Overview

General Bank Information

MVB Bank, Inc is an FDIC insured institution located in Fairmont, WV. It was founded in 1999 and has approximately $2.09 billion in assets. Customers can open an account at one of its 14 branches.

FDIC Insured Yes
FDIC Certificate # 34603
Date Established 1999
Assets $ 2.09 billion
Loans $ 1,606.75 million
Deposits $ 1,786.47 million
Capital $ 209.47 million
 

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

Deposit Rates - September 22, 2020

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates APY MIN MAX
Savings
0.01% $2,500 $4,999 Learn More
Money Market
0.01% $10,000 $14,999 Learn More
Money Market
0.01% $25,000 $29,999 Learn More
Premium Money Market Account
0.25% $10,000 $14,999 Learn More
Premium Money Market Account
0.25% $25,000 $34,999 Learn More
CD Rates APY MIN MAX
6 Mo CD
0.20% $10,000 $14,999 Learn More
6 Mo CD
0.20% $100,000 $199,999 Learn More
12 Mo CD
0.20% $10,000 $14,999 Learn More
12 Mo CD
0.20% $100,000 $199,999 Learn More
18 Mo CD
0.25% $10,000 $14,999 Learn More
18 Mo CD
0.25% $100,000 $199,999 Learn More
24 Mo CD
0.25% $10,000 $14,999 Learn More
24 Mo CD
0.25% $100,000 $199,999 Learn More
30 Mo CD
0.40% $10,000 $14,999 Learn More
30 Mo CD
0.40% $100,000 $199,999 Learn More
36 Mo CD
0.40% $10,000 $14,999 Learn More
36 Mo CD
0.40% $100,000 $199,999 Learn More
48 Mo CD
0.50% $10,000 $14,999 Learn More
48 Mo CD
0.50% $100,000 $199,999 Learn More
60 Mo CD
0.75% $10,000 $14,999 Learn More
60 Mo CD
0.75% $100,000 $199,999 Learn More

Variable IRA Rates APY MIN MAX
Var IRA
0.01% $1 $499 Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.01% $1 $99 Learn MoreShow Less
Int Ckg
0.01% $2,500 $3,499 Learn MoreShow Less

Loan Rates - September 22, 2020

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for MVB Bank, 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 2020

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
AimLoan.com
NMLS ID: 2890
License#: MC-3098
2.816% 2.750% 0.88 $2,132 $1,021 Learn More
Rocket Mortgage
NMLS ID: 3030
4.114% 3.990% 1.00 $3,750 $1,193 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loans
Third Federal Savings and Loans
See Table
2.990 %
$0 Learn More
More Info
Bethpage Federal Credit Union
Bethpage Federal Credit Union
See Table
3.500 %
$25,000 Learn More
More Info

Note to MVB Bank, Inc
To upload and update your bank's rates please register. It is free to register and add rates.

Branches

MVB Bank, 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


MVB Bank, Inc Locations


Financial Details

MVB Bank, Inc Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of MVB Bank, 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
MVB Bank, Inc U.S. Bank Average
3.22% 6.94%

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 March 31, 2020, MVB Bank, Inc had $5,909,000 in non-current loans and $1,206,000 in owned real estate. To cover these potential losses it had $209,472,000 in equity and $11,161,000 in loans loss reserves. That gives it a Texas Ratio of 3.22%.

Return on Equity
MVB Bank, Inc U.S. Bank Average
4.95% 7.80%

MVB Bank, Inc has a Return on Equity of 4.95% versus the BestCashCow average of 7.80%. 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
MVB Bank, Inc U.S. Bank Average
10.01% 12.68%

MVB Bank, Inc has a Capitalization of 10.01% versus the BestCashCow average of 12.68. 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.

MVB Bank, Inc Balance Sheet Analysis

As of March 31, 2020, MVB Bank, Inc had assets of $2,092,598,000, loans of $1,606,751,000, and deposits of $1,786,471,000. 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

March 31, 2020
ASSETS
Cash & Balances due from depository institutions $ 101.42 million
Interest-bearing balances $ 75.75 million
Total securities $ 239.52 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 1,606.75 million
Loan loss allowance $ 11.16 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 1.21 million
Goodwill and other intangibles $ 23.26 million
All other assets $ 78.69 million
     Total Assets $ 1,883.13 million
LIABILITIES
Total deposits $ 1,786.47 million
      Interest-bearing deposits $ 1,376.52 million
      Deposits held in domestic offices $ 1,786.47 million
      % insured (estimated) 81.38%
Federal funds purchased and repurchase agreements $ 9.35 million
Trading liabilities N.A.
Other borrowed funds $ 31.01 million
Subordinated debt N.A.
All other liabilities $ 56.30 million
      Total Liabilities $ 1,883.13 million
      Shareholders’ Equity $ 209.47 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 20.96 million
Total Interest Expense $ 4.49 million
Net interest income $ 16.46 million
Provision for loan and lease losses $ 1.14 million
Total non interest income $ 10.21 million
Total non interest expense $ 22.54 million
Pre-tax Net Operating Income $ 2.99 million

Bank Loan Profile?

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

Compared to other banks in West Virginia, MVB Bank, Inc has a significantly higher percent of Construction and Development 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 25.18
Multifamily
Mortgages
3.98
Credit Card Loans 0.00
Consumer Auto Loans 0.07
Small Business Loans 3.24
Construction and Development Loans 15.78
Commercial Real Estate 32.27
Commercial and Industrial Loans 22.33
Farm Loans 0.00

Frequently Asked Questions About Mvb Bank, Inc

Branches and Savings

Is Mvb Bank, Inc FDIC insured?

Yes. It is covered under FDIC Certificate #34603.

Why does Mvb Bank, Inc pay such low interest on savings accounts?

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

Why are Mvb Bank, Inc CD rates not competitive?

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

Is Mvb Bank, Inc a commercial bank?

Yes

Where are Mvb Bank, Inc locations?

See branch locations nearby.

Is Mvb Bank, Inc open on Saturdays?

Is Mvb Bank, Inc open on Sundays?

What time does Mvb Bank, Inc open?

What time does Mvb Bank, Inc close?

Are Mvb Bank, Inc ATMs Open 24/7?

Do Mvb Bank, Inc ATMs accept cash deposits?

Can Mvb Bank, Inc customers use other ATMs?

Do Mvb Bank, Inc branches have notaries?

Will Mvb Bank, Inc notarize my document?

What address for Mvb Bank, Inc should I put for incoming ACH transfers?

Will the Mvb Bank, Inc branch print checks?

Do Mvb Bank, Inc checks expire?

Does Mvb Bank, Inc require US citizenship to open account?

Can Mvb Bank, Inc close my account?

Does Mvb Bank, Inc Report to credit bureaus?

Does Mvb Bank, Inc Use Equifax?

What is Mvb Bank, Inc's ACH Routing Number?

What is Mvb Bank, Inc's SWIFT code?

Products

Does Mvb Bank, Inc offer mortgages?

Compare mortgage rates here.

Does Mvb Bank, Inc offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Mvb Bank, Inc offer personal loans?

Compare personal loan rates here.

Does Mvb Bank, Inc offer student loans?

Will Mvb Bank, Inc cash a check?

Will Mvb Bank, Inc redeem a savings bond?

Does Mvb Bank, Inc cash savings bonds?

Will Mvb Bank, Inc cash money orders?

Can Mvb Bank, Inc issue a money order?

Does Mvb Bank, Inc do currency exchange?

Background on The Bank

Who owns Mvb Bank, Inc?

How long has Mvb Bank, Inc been around?

Can Mvb Bank, Inc transfer to other banks?

Does Mvb Bank, Inc have quick pay?

Does Mvb Bank, Inc accept rolled coins?

Will Mvb Bank, Inc accept loose change?

Where is Mvb Bank, Inc headquarters?

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