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The Bank of Romney, Financial Information

About The Bank of Romney

 Address:
95 East Main Street
Romney, WV
Hampshire County, West Virginia
 Established:
Jan 1888
 Number of domestic offices:
7
Total assets$336M
Net income$4M
Net income, quarterly$1M
Total deposits$240M
Domestic deposits$240M
Equity capital$36M
ROA1.19%
ROAQ, quarterly1.32%
ROA, pretax1.32%
ROAQ, quarterly, pretax1.64%
ROE10.99%
ROEQ, quarterly12.36%
UpdatedMay 20, 2021

Terms and Definitions

  • Domestic deposits
    The sum of all domestic deposits, including demand deposits, money market deposits and time deposits.
  • Equity capital
    Total equity capital (includes preferred and common stock, surplus and undivided profits).
  • ROA
    Return on assets, net income after taxes and extraordinary items (annualized) as a percent of average total assets.
  • ROE
    Return on equity, annualized net income as a percent of average equity on a consolidated basis.

The Bank of Romney is a locally owned and operated independent community bank with full-service financial products. Opening for business on December 20, 1888, The Bank of Romney is the oldest and largest bank in Hampshire County.

The newest branch located in Romney, known as the Sunrise branch, opened in April of 2007. Numerous expansions have also occurred in the main office in Romney, as well as the Capon Bridge and Augusta branches. As the consolidated assets of Romney Bankshares, Inc. and its subsidiary, The Bank of Romney, exceeds 200 million.

New online banking system from The Bank of Romney will allow for more flexibility and features that range from Secure Messaging, Quicken/Quickbooks integration, managing business accounts, alerts, stop payments, and coming in 2014, Mobile Banking.

Historical Data