Safest Banks in West Virginia 2026
West Virginia has 43 FDIC-insured banks with an average Bank Health Score of 64/100 (C). The safest bank is Bank of Monroe with a score of 97/100.
Data from FDIC Q2 2024
43 West Virginia banks are ranked below by the BankHealth composite score. The composite weights Tier 1 capital ratio (35%), inverted non-performing loan ratio (30%), liquidity ratio (25%), and return on assets (10%) into a 0-100 grade.
Top-of-list banks combine strong capital with clean loan books and reasonable profitability. Bottom-of-list banks face pressure on one or more scoring factors — most often elevated NPL ratios or thin profitability margins. Each bank links to its full profile with multi-quarter trend charts, the four composite factor breakdowns, and the underlying FDIC Call Report data.
West Virginia's 43 FDIC-insured banks hold a combined $40.2B in assets. Their average Bank Health Score of 64/100 sits 6.0 points below the national average of 70/100. Across the state, 44% of banks earn an A or B grade for financial health, while 19% fall to a D or F.
The largest bank headquartered in West Virginia is Wesbanco Bank INC with $18.1B in assets and a Bank Health Score of 76/100. The strongest by score is Bank of Monroe in Union (97/100, Tier 1 capital 21.32%). The weakest is Bank of Romney at 37/100, dragged down by an NPL ratio of 2.73%.
All scores below come from the latest FDIC BankFind Call Report (Q2 2024). The Bank Health Score weights Tier 1 capital ratio (35%), nonperforming loan ratio (30%), liquidity ratio (25%), and return on assets (10%) — the four metrics regulators watch most closely when judging whether a bank is well-capitalized. Every bank with FDIC insurance covers up to $250,000 per depositor per ownership category, but the score helps you tell apart banks that are comfortably well-capitalized from those operating closer to the line.
Top 3 Safest Banks in West Virginia
Bank of Monroe
Union, WV
West Virginia's top-rated bank, with a Tier 1 capital ratio of 21.32% — well above the federal "well-capitalized" threshold of 8%. Holds $225M in assets.
City Nb of West Virginia
Charleston, WV
Second-strongest in the state on capital and loan quality. NPL ratio sits at 0.23% with $6.3B in total assets.
Fayette Cnty Nb Fayetteville
Fayetteville, WV
Third in the rankings on the Bank Health Score. Liquidity ratio of 49.27% and ROA of 0.78%.
Top 20 of 43 Banks in West Virginia
| # | Bank | City | Grade | Score | Tier 1 Capital | NPL Ratio |
|---|---|---|---|---|---|---|
| 1 | Bank of Monroe | Union | A | 97 | 21.32% | 0.02% |
| 2 | City Nb of West Virginia | Charleston | A | 95 | 15.17% | 0.23% |
| 3 | Fayette Cnty Nb Fayetteville | Fayetteville | A | 94 | 22.45% | 0.17% |
| 4 | West Union Bank | West Union | A | 92 | 14.19% | 0.05% |
| 5 | Whitesville State Bank | Whitesville | A | 91 | 16.41% | 0.48% |
| 6 | First Nb of Peterstown | Peterstown | A | 87 | 24.84% | 1.72% |
| 7 | Calhoun County Bank INC | Grantsville | A | 85 | 18.37% | 0.41% |
| 8 | Jefferson Security Bank | Shepherdstown | A | 83 | 12.02% | 0.01% |
| 9 | Cnb Bank INC | Berkeley Springs | B | 76 | 11.82% | 0.09% |
| 10 | Wesbanco Bank INC | Wheeling | B | 76 | 11.91% | 0.36% |
| 11 | Hancock County Sb FSB | Chester | B | 75 | 34.89% | 0.35% |
| 12 | Bank of Charles Town | Charles Town | B | 74 | 12.87% | 0.45% |
| 13 | First Fs&la of Ravenswood | Ravenswood | B | 72 | 22.56% | 0.87% |
| 14 | First Nb of Williamson | Williamson | B | 72 | 11.32% | 1.64% |
| 15 | Citizens Bank of West Va INC | Elkins | B | 69 | 10.55% | 0.31% |
| 16 | Poca Valley Bank INC | Walton | B | 68 | 11.29% | 0.33% |
| 17 | Davis Trust Co | Elkins | B | 68 | 12.03% | 0.58% |
| 18 | Pendleton Community Bank INC | Franklin | B | 67 | 10.28% | 0.13% |
| 19 | Security National Trust Co | Wheeling | B | 65 | 0.00% | 0.00% |
| 20 | Bank of Mingo | Williamson | C | 64 | 17.51% | 1.85% |
Bank Health Scores for West Virginia are calculated from FDIC Call Report data including Tier 1 capital ratios, nonperforming loan ratios, liquidity ratios, and return on assets.
Frequently Asked Questions
Based on our Bank Health Score analysis of FDIC data, Bank of Monroe in Union is currently the safest bank in West Virginia with a score of 97/100 (Grade A). It posts a Tier 1 capital ratio of 21.32% and a nonperforming loan ratio of 0.02%.
West Virginia has 43 FDIC-insured banks with a combined $40.2B in total assets. The average Bank Health Score across the state is 64/100 (Grade C).
West Virginia's average Bank Health Score of 64/100 is 6.0 points below the national average of 70/100. 44% of banks in West Virginia earn an A or B grade, compared with the national average grade of B.
Of 43 FDIC-insured banks headquartered in West Virginia, 8 earn an A, 11 a B, 16 a C, 8 a D, and 0 an F. The most common grade is C.
The Bank Health Score (0-100) is based on four FDIC-reported metrics: Tier 1 capital ratio (35% weight), nonperforming loan ratio (30%), liquidity ratio (25%), and return on assets (10%). Higher scores indicate stronger financial health. Every score uses the latest FDIC Call Report data.
Bank Health Scores are computed from quarterly FDIC Call Report data. Tier 1 capital ratio (35%), nonperforming loan ratio (30%), liquidity ratio (25%), and return on assets (10%).