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The Bank of Marion, Financial Information

About The Bank of Marion

 Address:
102 West Main Street
Marion, VA
Smyth County, Virginia
 Established:
Apr 1874
 Number of domestic offices:
16
Total assets$484M
Net income$5M
Net income, quarterly$1M
Total deposits$423M
Domestic deposits$423M
Equity capital$56M
ROA1.08%
ROAQ, quarterly1.1%
ROA, pretax1.1%
ROAQ, quarterly, pretax1.26%
ROE9.03%
ROEQ, quarterly9.6%
UpdatedMay 20, 2021

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.

The Bank of Marion was founded in 1874. The Bank's first home was "the old Jackson Building" which was located on the comer of Main and Park Streets in Marion next to the Smyth County Courthouse. At that time, The Bank of Marion was the only bank between Abingdon and Wytheville, as well as the only one in Smyth, Tazewell and Grayson counties.

The Bank of Marion continues to change to meet customer's needs. The Bank of Marion have continued to modernize its facilities and services to insure quality banking and convenience for the customers.

With constant bank mergers and buyouts of many community banks, The Bank of Marion has vowed to maintain its independence as a hometown bank, and to expand into nearby communities to provide more customers with local hometown banking service.

Mailing Address
P. O. Box 1067, Marion, VA 24354
Telephone:
Local (276) 783-3116
Long Distance (800) 772-1807
General Information:(276) 783-3116

24-Hour Account Information:
(276) 783-0502 or (800) 772-1807

Historical Data