MVB Bank, Inc
Fairmont, West Virginia, Marion County
$3.5B in total assets, the 378th largest of 4,309 US banks and 3rd of 41 headquartered in West Virginia.
- FDIC certificate
- 34603
- Established
- 1999
- Owned by
- Mvb Financial Corp
- Primary regulator
- FDIC
- Website
- www.mvbbanking.com
At a glance
Compared with 901 US banks with $1 billion to $10 billion in assets, as of June 30, 2026.
| Measure | This bank | Percentile | Peer range, middle 90% | Peer median |
|---|---|---|---|---|
| Total assets | $3.5B | 76% | $2.0B | |
| Loans | $2.5B | 75% | $1.4B | |
| Deposits | $3.1B | 79% | $1.7B | |
| Return on assets | 1.70% | 79% | 1.23% | |
| Net interest margin | 4.11% | 74% | 3.71% | |
| Efficiency ratio | 64.3% | 66% | 59.1% | |
| Equity to assets | 9.50% | 32% | 10.38% | |
| Loans to deposits | 79% | 29% | 88% |
Growth
Total assets grew 5.0% a year over the last 5 years and 9.0% a year over 10 years, including 1 acquisition in the last 10 years.
Acquisitions
| Closed | Acquired bank | Assets at acquisition |
|---|---|---|
| Apr 2020 | The First State Bank Barboursville, WV | $152M |
Where they operate
7 branches in 4 counties.
Largest markets by deposits
| County | Deposits | Market share | Rank |
|---|---|---|---|
| Monongalia County, WV | $1.4B | 26.5% | 2 of 13 |
| Marion County, WV | $1.4B | 63.0% | 1 of 8 |
| Fairfax County, VA | $206M | 0.2% | 25 of 38 |
| Harrison County, WV | $196M | 10.2% | 5 of 13 |
Deposits by branch from the FDIC Summary of Deposits, June 2026. Rank among all banks with branches in that county.
Branch history since 2016
Net loss of 4 branches since 2016 (11 to 7, −36.4%). 9 opened, 4 acquired, 17 closed or sold.
| Period | What happened | Opened or acquired | Closed or sold | Net change | Branches at end |
|---|---|---|---|---|---|
| Start of 2016 | Starting point | 11 | |||
| 2016 | Opened Inwood and Martinsburg | 2 | 0 | +2 | 13 |
| 2017 | Opened Leesburg and Morgantown | 2 | 0 | +2 | 15 |
| 2018 | Opened Mclean and RestonClosed Reston | 2 | 1 | +1 | 16 |
| 2019 | Opened MartinsburgClosed Martinsburg | 1 | 1 | 0 | 16 |
| 2020 | Acquired The First State BankSold 3 branches to Summit Community Bank, Inc, opened Huntington, closed 4 in West Virginia | 6 | 7 | −1 | 15 |
| 2021 | Closed Leesburg | 0 | 1 | −1 | 14 |
| 2022 | Sold 6 branches to Summit Community Bank, Inc | 0 | 6 | −6 | 8 |
| 2024 | Closed Mclean | 0 | 1 | −1 | 7 |
Balance sheet and earnings
Loans by type
| Type | Share | This bank | Peers |
|---|---|---|---|
| Commercial real estate | 42% | 32% | |
| 1-4 family residential | 26% | 25% | |
| Business (C&I) | 19% | 14% | |
| Construction and land | 8% | 8% | |
| Multifamily | 3% | 8% | |
| Consumer | 1% | 4% | |
| Farmland | 0% | 3% | |
| Agricultural | 0% | 2% | |
| Other | 0% | 3% |
Deposits by type
| Type | Share | This bank | Peers |
|---|---|---|---|
| Other interest-bearing | 52% | 52% | |
| Noninterest-bearing | 34% | 21% | |
| Time deposits | 14% | 27% |
Brokered deposits are 10.1% of deposits (peers 6.1%).
Return on assets
Trailing four quarters, with the peer median.
Credit and capital
| This bank | Peer median | |
|---|---|---|
| Noncurrent loans | 1.18% | 0.51% |
| Net charge-offs, annualized | 0.24% | 0.04% |
| Reserves to loans | 1.14% | 1.15% |
| Leverage ratio | 10.27% | 10.52% |
Noncurrent loans exclude government-guaranteed portions.
Related banks
Similar size in West Virginia
Largest competitors in Monongalia County, WV
Figures as of June 30, 2026 from the bank's Call Report, FDIC structure and branch data, and the Federal Reserve. Short link: bankingstats.com/mvb