Mutual ownership in the Ohio Valley
This profile covers Belmont Savings Bank (Bellaire, Ohio). [1]
Belmont Savings Bank is based in Bellaire, Ohio, and describes a history of more than 140 years serving the Ohio Valley. It remains a mutual institution, rather than a conventional publicly traded bank owned through common shares. Its own history and the FDIC’s 2024 evaluation both identify that ownership structure. It should not be confused with the former Massachusetts bank of the same name or that institution’s holding company. [3][5]
The current FDIC record identifies the Ohio bank by certificate 28348 and a legal headquarters at 426 34th Street, Bellaire. It is a state nonmember bank with the FDIC as its primary federal regulator. A separate corporate-office address on the bank’s website does not change the certificate or the bank being profiled. [1][4]
Four banking offices, two Bellaire addresses
The current directory lists banking offices in Bellaire, Barnesville, St. Clairsville and Powhatan Point, all in Belmont County. It separately identifies a corporate office at 3301 Guernsey Street in Bellaire. This distinction matters when comparing older reports, current regulatory records and customer directions: administrative space and the recorded main banking office need not have the same address. [4]
The bank’s history dates its Bellaire main-office opening to 1956, St. Clairsville to 1966, Powhatan Point to 1976 and Barnesville to 1980. Those office milestones trace a long-established local network rather than a recently assembled statewide branch system. The locations page provides separate lobby and drive-through hours, including Saturday drive-up service, reinforcing the difference between physical access and online availability. [3][4]
Housing and small-business credit
The FDIC’s August 2024 examination identified home mortgages and small-business loans as the primary lending focus. Its assessment area included Belmont County, Ohio, and Ohio County, West Virginia. Thus, a branch network entirely in one Ohio county serves a wider cross-river community. That examined footprint is dated evidence, not a claim that the bank can only lend within those boundaries. [5]
The bank currently advertises mortgages, home equity, auto loans and a special mortgage program for designated first responders and healthcare workers. Such programs have eligibility and underwriting conditions; an advertised down-payment feature does not make a loan universally available or cost-free. Its commercial team also offers business lending, emphasizing individual discussions of the borrower’s financing needs rather than a single standardized product. [6][8]
Business services beyond the loan
Belmont lists Automated Clearing House origination, remote deposit capture, wire transfers, merchant services, business cards and a QuickBooks interface among its business capabilities. ACH origination allows an organization to initiate qualifying electronic payments, including recurring business payments. Remote deposit capture lets a business submit checks electronically rather than deliver each one to an office. [7]
These are operational relationships as much as financial products. They can connect a bank to payroll, collections and accounting records, creating recurring use between borrowing decisions. They also introduce authorization and processing requirements: who can initiate a payment, how it is approved, and how an error is detected matter alongside the quoted cost. The availability of a service does not establish the quality of a particular company’s controls. [7]
Retail deposits and digital delivery
The retail menu includes value and rewards-oriented checking, savings, money-market accounts, certificates of deposit and retirement deposit accounts. Mobile banking, digital wallets, bill payment and online loan payments extend access beyond the four offices. These services give the bank ways to maintain customer relationships without building a branch in every place a customer lives or works. [8]
For a bank, checking and savings balances are liabilities owed to customers. Certificates generally involve an agreed term, while transaction accounts are used more frequently for payments. Both can fund lending, but their cost and withdrawal behavior differ. A digital channel can improve access and convenience while also making comparison and movement of balances easier. This is a business-model consideration, not a prediction about Belmont’s customers.
June 30, 2026: scale and credit exposure
Belmont reported $612.927 million in assets, $496.681 million in deposits and $370.557 million in net loans and leases at June 30, 2026. First-half net income was $1.083 million. These are the legal bank’s FDIC figures, with source amounts in thousands converted to millions; income covers January through June. [2]
The same filing reported $321.578 million in real-estate-secured loans and $6.236 million in loans on nonaccrual status, meaning the bank had stopped recognizing interest in the usual way on those credits. Nonaccrual is one credit-quality measure, not a complete count of every troubled loan. The figures warrant attention to repayment performance and property exposure, but a single snapshot does not establish whether conditions are improving or deteriorating. [2]
An Outstanding CRA result with a defined meaning
The FDIC’s August 13, 2024 CRA evaluation assigned an Outstanding overall rating, combining Satisfactory lending performance with Outstanding community development. It cited excellent geographic distribution of lending and responsiveness through community-development loans, investments, donations and services. This evaluation concerns community credit needs; it expressly does not assess the bank’s financial condition. [5]
Mutual ownership and a long local history explain the institution’s identity, but they do not eliminate credit, interest-rate or funding risk. Current underwriting performance, the treatment of problem credits and the cost of retaining deposits remain separate questions. No investment or depositor-safety recommendation follows from the CRA result or this profile.
Sources
- FDIC BankFind: legal institution and statusOfficial sourceBack to text: ↑1↑2
- FDIC bank financial reports, June 30, 2026; dollars in thousandsOfficial sourceBack to text: ↑1↑2
- Belmont Savings: history and mutual ownershipSourceBack to text: ↑1↑2
- Belmont Savings: office directorySourceBack to text: ↑1↑2↑3
- FDIC: August 13, 2024 CRA evaluationOfficial source · PDFBack to text: ↑1↑2↑3
- Belmont Savings: business lendingSourceBack to text: ↑
- Belmont Savings: business payment servicesSourceBack to text: ↑1↑2
- Belmont Savings: retail products and current servicesSourceBack to text: ↑1↑2