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BankHealth

BANK OF MINGO

WILLIAMSON, WEST VIRGINIA · FDIC Cert #22273

C
Health Score
64/100
$141M
Total Assets
$117M
Total Deposits
17.51%
Tier 1 Capital
Q2 2024
Report Date

Capital & Safety Analysis

Regulatory Status:Well-Capitalized

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

1.85%
Nonperforming Loans
Moderate — some loan stress
9.42%
Liquidity Ratio
Low — potential liquidity stress
1.04%
Return on Assets
Profitable — earning well on assets
$117M
Domestic Deposits
Total domestic deposits held

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.

Frequently Asked Questions

BANK OF MINGO has a Bank Health Score of C (64/100). 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 OF MINGO holds $141M in total assets and $117M in total deposits. It is located in WILLIAMSON, WEST VIRGINIA (FDIC Certificate #22273).

BANK OF MINGO has a Tier 1 capital ratio of 17.51%, classifying it as "Well-Capitalized." The 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. Even if a bank fails, insured depositors typically regain access to funds within two business days.

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