Citizens Bank of West Virginia, Inc.
Elkins, West Virginia, Randolph County
$772M in total assets, the 1,316th largest of 4,309 US banks and 8th of 41 headquartered in West Virginia.
- FDIC certificate
- 6760
- Established
- 1924
- Owned by
- Citizens Financial Corp
- Primary regulator
- FDIC
- Website
- www.citizenswv.com
At a glance
Compared with 31 banks headquartered in West Virginia with $100 million to $1 billion in assets, as of June 30, 2026.
| Measure | This bank | Percentile | Peer range, middle 90% | Peer median |
|---|---|---|---|---|
| Total assets | $772M | 90% | $303M | |
| Loans | $611M | 94% | $218M | |
| Deposits | $679M | 94% | $264M | |
| Return on assets | 1.77% | 97% | 0.98% | |
| Net interest margin | 4.42% | 84% | 3.92% | |
| Efficiency ratio | 46.0% | 3% | 65.5% | |
| Equity to assets | 10.22% | 52% | 10.00% | |
| Loans to deposits | 90% | 77% | 83% |
Growth
Total assets grew 17.6% a year over the last 5 years and 12.8% a year over 10 years, including 1 acquisition in the last 10 years.
Acquisitions
| Closed | Acquired bank | Assets at acquisition |
|---|---|---|
| Mar 2026 | Miners & Merchants Bank Thomas, WV | $67M |
| Feb 1984 | The Tucker County Bank Parsons, WV | n/a |
Where they operate
9 branches in 7 counties.
Largest markets by deposits
| County | Deposits | Market share | Rank |
|---|---|---|---|
| Randolph County, WV | $301M | 38.2% | 1 of 7 |
| Upshur County, WV | $173M | 30.6% | 1 of 5 |
| Tucker County, WV | $92M | 43.5% | 1 of 3 |
| Wetzel County, WV | $54M | 8.8% | 4 of 6 |
| Pocahontas County, WV | $34M | 12.6% | 4 of 4 |
| Garrett County, MD | $14M | 1.8% | 6 of 6 |
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 gain of 4 branches since 2016 (5 to 9, +80.0%). 3 opened, 3 acquired, 2 closed or sold.
| Period | What happened | Opened or acquired | Closed or sold | Net change | Branches at end |
|---|---|---|---|---|---|
| Start of 2016 | Starting point | 5 | |||
| 2016 | Opened Buckhannon | 1 | 0 | +1 | 6 |
| 2019 | Closed Elkins | 0 | 1 | −1 | 5 |
| 2021 | Closed Buckhannon | 0 | 1 | −1 | 4 |
| 2022 | Opened Buckhannon and New Martinsville | 2 | 0 | +2 | 6 |
| 2026 through Q2 | Acquired Miners & Merchants Bank | 3 | 0 | +3 | 9 |
Balance sheet and earnings
Loans by type
| Type | Share | This bank | Peers |
|---|---|---|---|
| Consumer | 48% | 8% | |
| Commercial real estate | 22% | 22% | |
| 1-4 family residential | 17% | 53% | |
| Business (C&I) | 8% | 6% | |
| Construction and land | 1% | 5% | |
| Multifamily | 1% | 4% | |
| Farmland | 0% | 1% | |
| Other | 2% | 1% |
Deposits by type
| Type | Share | This bank | Peers |
|---|---|---|---|
| Other interest-bearing | 51% | 41% | |
| Time deposits | 28% | 33% | |
| Noninterest-bearing | 21% | 26% |
Brokered deposits are 3.0% of deposits (peers 1.4%).
Return on assets
Trailing four quarters, with the peer median.
Credit and capital
| This bank | Peer median | |
|---|---|---|
| Noncurrent loans | 0.58% | 0.42% |
| Net charge-offs, annualized | 0.38% | 0.02% |
| Reserves to loans | 1.03% | 1.10% |
| Leverage ratio | 10.00% | 10.60% |
Noncurrent loans exclude government-guaranteed portions.
Related banks
Similar size in West Virginia
Largest competitors in Randolph 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/citizens-west-virginia