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Bank of Mount Hope, Financial Information

About Bank of Mount Hope

 Address:
602 Main Street
Mount Hope, WV
Fayette County, West Virginia
 Established:
Aug 1914
 Number of domestic offices:
3
Total assets$120M
Net income$1M
Net income, quarterly$0M
Total deposits$93M
Domestic deposits$93M
Equity capital$15M
ROA1.0%
ROAQ, quarterly1.27%
ROA, pretax1.27%
ROAQ, quarterly, pretax1.77%
ROE8.74%
ROEQ, quarterly10.7%
UpdatedApr 11, 2013

Terms and Definitions

  • Domestic deposits
    The sum of all domestic deposits, including demand deposits, money market deposits and time deposits.
  • Equity capital
    Total equity capital (includes preferred and common stock, surplus and undivided profits).
  • ROA
    Return on assets, net income after taxes and extraordinary items (annualized) as a percent of average total assets.
  • ROE
    Return on equity, annualized net income as a percent of average equity on a consolidated basis.

For over one hundred years the Bank of Mount Hope has been committed to effectively serving the financial needs of its customers. The Bank of Mount Hope was founded on March 17, 1902 and is one of the oldest banks in West Virginia.

In an effort to support the growth and development of its surrounding communities the Bank expanded into the Beckley, Raleigh County market by opening a branch office on Pinewood Drive in Beckley on February 15, 1995. The Beckley Branch was so well received that the Board of Directors felt that further expansion was needed for Fayette County and on March 9, 1999, a branch office was opened in the Fountain Terrace Shopping Center in Oak Hill.

The Bank of Mount Hope takes pride in being locally owned and operated and continually strives to provide quality products and competitively priced services.

Mount Hope
602 Main Street
P O Box 751
Mount Hope WV 25880
phone : 304-877-5551
fax : 304-877-3851

Beckley
204 Pinewood Drive
Beckley WV 25801
phone : 304-252-2265
fax : 304-252-7327

Oak Hill
835 E Main Street
Oak Hill WV 25901
phone : 304-469-8046
fax : 304-469-8890

Historical Data