Bank of Mingo
Williamson, West Virginia · FDIC Cert #22273
This is the FDIC profile for Bank of Mingo, an FDIC-insured bank (Certificate #22273) with $141M in total assets and $117M in total deposits per its most recent FDIC Call Report filing (Q2 2024). Headquartered in Williamson, West Virginia, the bank maintains a Tier 1 capital ratio of 17.51% (Well-Capitalized) and a nonperforming loan ratio of 1.85%. BankHealthData assigns a composite Health Grade of C (64/100) based on quarterly FDIC filings. All deposits up to $250,000 per depositor per ownership category are FDIC insured.
Bank of Mingo (FDIC cert 22273) is a community bank — $141M in total assets, $117M in deposits, serving the Williamson, West Virginia area. Community banks make up the largest share of U.S. banks by count but a much smaller share by assets.
Capital position is strong: Tier 1 capital ratio of 17.51% sits comfortably above the 8% well-capitalized regulatory threshold and the 10% well-capitalized-plus floor for community banks. Strong capital is the first line of defense against unexpected loan losses. Asset quality is normal: non-performing loan ratio of 1.85% sits in the typical 0.5-2% range for healthy U.S. banks. Some NPL is unavoidable in any meaningful lending portfolio. Liquidity is thin: 9.4% liquid-asset ratio. Banks with thin liquidity buffers can face stress during deposit-outflow events or asset-quality shocks.
Profitability is solid: ROA of 1.04% sits at or near the 1% benchmark for healthy U.S. banks. Net interest income, fee income, and operating efficiency are all in workable shape. Health-score trend is declining materially over the most recent quarters. Declining trends warrant attention — banks in this pattern often face follow-on regulatory engagement and elevated supervisory scrutiny. Bank of Mingo carries a composite BankHealth grade of C (64/100) as of the 2024-06 Call Report filing. The grade combines capital ratios (Tier 1), asset quality (non-performing loans), liquidity, and profitability into a single signal.
Source: FDIC BankFind API — Call Report data.
Key Facts: Bank of Mingo
- Total Assets
- $141M
- Total Deposits
- $117M
- Tier 1 Capital Ratio
- 17.51%
- Capital Status
- Well-Capitalized
- Nonperforming Loans
- 1.85%
- Liquidity Ratio
- 9.42%
- Return on Assets
- 1.04%
- Headquarters
- Williamson, West Virginia
- FDIC Certificate
- #22273
- Health Grade
- C (64/100)
- Latest Call Report
- Q2 2024
FDIC Filings & Call Report Data
Bank of Mingo files quarterly Call Reports with the FDIC under Certificate #22273. The figures on this page reflect the Q2 2024 Call Report, which is the most recent FDIC filing currently available. Historical filings and Uniform Bank Performance Reports (UBPR) are accessible directly from the FDIC BankFind directory and the FFIEC Central Data Repository.
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Capital & Safety Analysis
According to FDIC financial data, Bank of Mingo holds a Tier 1 capital ratio of 17.51%. This exceeds the 8% threshold regulators consider "well-capitalized," meaning Bank of Mingo has a strong buffer to absorb potential losses.
Key Financial Metrics
What This Means For Your Money
Bank of Mingo shows average financial health. While not alarming, its Health Score of 64/100 suggests some areas could be stronger. Your FDIC-insured deposits (up to $250,000) remain fully protected regardless.
Remember: FDIC insurance covers up to $250,000 per depositor, per bank, per ownership category. Even if a bank fails, insured depositors typically have access to their funds within two business days.
How Bank of Mingo Compares
Bank of Mingo’s Health Score of 64 is 15 points below the West Virginia state average of 79 across 43 FDIC-insured banks. Its 17.51% Tier 1 capital ratio is 3.5 points above the US banking industry average near 14%. The 1.85% nonperforming loan ratio is higher than the industry norm (~0.8%), indicating more credit stress than peers. Return on assets of 1.04% is below the national ROA benchmark of ~1.1%. Among 1329 similarly-sized banks, the average Health Score is 81, meaning this bank ranks below its size cohort. Site-wide, Bank of Mingo is 16 points below the portfolio average of 80.
Frequently Asked Questions
Bank of Mingo has a Bank Health Score of C (64/100), placing it in average financial health. It holds a Tier 1 capital ratio of 17.51%, which is above the 8% "well-capitalized" threshold. All deposits up to $250,000 per depositor are FDIC insured regardless of the bank's health.
Bank failures are uncommon — only ~5 of 4,000+ FDIC-insured banks fail in a typical year. Bank of Mingo's Tier 1 capital ratio of 17.51% and nonperforming loan ratio of 1.85% indicate an average risk profile relative to the industry. Even in a failure scenario, insured deposits ($250K per depositor per ownership category) are typically available within two business days.
Money in checking, savings, money market, and CD accounts at Bank of Mingo is FDIC-insured up to $250,000 per depositor per ownership category (FDIC Cert #22273). Joint accounts get $250K per co-owner. Funds above the limit are not insured — for higher balances, consider spreading across multiple banks or using a CDARS-like network.
Bank of Mingo holds $141M in total assets and $117M in total deposits. It is headquartered in Williamson, West Virginia (FDIC Certificate #22273).
Bank of Mingo's FDIC filings — including quarterly Call Reports and Uniform Bank Performance Reports — are filed under FDIC Certificate #22273 and available through the FDIC BankFind directory and the FFIEC Central Data Repository. The data on this page reflects the Q2 2024 Call Report.
Bank of Mingo has a Tier 1 capital ratio of 17.51%, classifying it as "Well-Capitalized." Federal regulators consider 8% the threshold for "well-capitalized." The bank's nonperforming loan ratio is 1.85%, and the return on assets is 1.04%.
Yes. Bank of Mingo is FDIC-insured (Certificate #22273). The FDIC insures deposits up to $250,000 per depositor, per bank, per ownership category — covering checking, savings, money market deposit accounts, and CDs. Even if a bank fails, insured depositors typically regain access to funds within two business days.
An C grade on our Bank Health Score means 55-69/100 — average across capital, loan quality, and profitability. The grade combines Tier 1 capital ratio (35% weight), nonperforming loan ratio (30%), liquidity ratio (25%), and return on assets (10%).
Bank of Mingo's metrics are around average for the industry. There's no urgent action needed for FDIC-insured deposits, but it's worth monitoring quarterly updates. The FDIC's $250K-per-depositor insurance applies regardless of the bank's health.