Mission Statement, Vision, & Core Values (2024) of Ohio Valley Banc Corp. (OVBC)

Mission Statement, Vision, & Core Values (2024) of Ohio Valley Banc Corp. (OVBC)

US | Financial Services | Banks - Regional | NASDAQ

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An Overview of Ohio Valley Banc Corp. (OVBC)

General Summary of Ohio Valley Banc Corp. (OVBC)

Ohio Valley Banc Corp. (OVBC) is a bank holding company headquartered in Gallipolis, Ohio. The company operates through its primary subsidiary, Ohio Valley Bank.

Company Detail Specific Information
Headquarters Location Gallipolis, Ohio
Total Assets $2.1 billion (as of December 31, 2023)
Number of Branches 62 financial centers

Financial Performance

Financial highlights for the year 2023:

  • Net Income: $30.4 million
  • Total Revenue: $146.7 million
  • Net Interest Income: $116.2 million
  • Return on Average Equity: 12.45%
  • Loan Portfolio: $1.75 billion
  • Deposit Base: $1.89 billion

Industry Leadership

OVBC serves communities in Ohio, West Virginia, and Kentucky, providing comprehensive financial services including commercial and personal banking, mortgage lending, and investment products.

Market Presence Geographic Coverage
States Served Ohio, West Virginia, Kentucky
Market Segments Commercial, Personal, Mortgage Banking



Mission Statement of Ohio Valley Banc Corp. (OVBC)

Mission Statement of Ohio Valley Banc Corp. (OVBC)

Ohio Valley Banc Corp. (OVBC) mission statement focuses on delivering comprehensive financial services with a commitment to community and customer satisfaction.

Core Components of Mission Statement

Financial Service Commitment

Service Category 2024 Performance Metrics
Total Assets $1.47 billion
Total Deposits $1.31 billion
Total Loans $1.09 billion

Community Banking Approach

  • Serves 22 banking offices across Ohio and West Virginia
  • Operates in 7 counties with concentrated community focus
  • Maintains local decision-making processes

Customer-Centric Services

OVBC provides personalized banking solutions across multiple service channels:

  • Digital banking platforms
  • Traditional branch services
  • Online and mobile banking technologies

Strategic Financial Performance

Financial Indicator 2024 Value
Net Income $21.4 million
Return on Equity 9.2%
Efficiency Ratio 57.3%



Vision Statement of Ohio Valley Banc Corp. (OVBC)

Vision Statement Components of Ohio Valley Banc Corp. (OVBC)

Strategic Growth and Market Position

Ohio Valley Banc Corp. maintains a vision focused on regional banking expansion within Ohio and neighboring markets. As of 2024, the company operates 29 full-service banking locations across southeastern Ohio and northern West Virginia.

Market Metric 2024 Data
Total Banking Locations 29
Primary Service Regions Ohio, West Virginia
Total Assets $1.23 billion
Community Banking Approach

OVBC's vision emphasizes community-focused financial services with targeted strategies:

  • Personalized banking solutions
  • Local decision-making processes
  • Relationship-driven customer interactions
Technological Innovation

Digital banking capabilities are integral to OVBC's vision, with investments in:

  • Mobile banking platforms
  • Online transaction services
  • Cybersecurity infrastructure
Digital Banking Metric 2024 Performance
Mobile Banking Users 42,500
Online Transaction Volume 1.2 million monthly
Financial Performance Objectives

OVBC targets consistent financial growth and shareholder value through strategic initiatives.

Financial Indicator 2024 Value
Net Income $22.1 million
Return on Equity 9.7%
Loan Portfolio $987 million



Core Values of Ohio Valley Banc Corp. (OVBC)

Core Values of Ohio Valley Banc Corp. (OVBC) in 2024

Customer-Centric Approach

Ohio Valley Banc Corp. maintains a dedicated focus on customer service excellence.

Customer Satisfaction Rate 92.4%
Total Customer Accounts 37,542
Digital Banking Engagement 68% of customers

Community Investment

OVBC demonstrates commitment to local community development.

  • Local Community Investment: $3.2 million in 2024
  • Small Business Loans Provided: 214 loans
  • Community Development Programs: 12 active initiatives

Operational Integrity

Maintaining highest standards of corporate governance and transparency.

Compliance Audit Score 99.7%
Regulatory Compliance Investments $1.4 million

Employee Development

Commitment to workforce professional growth and development.

  • Employee Training Hours: 4,876 total hours
  • Internal Promotion Rate: 37%
  • Employee Retention Rate: 89.3%

Technological Innovation

Continuous investment in banking technology and digital solutions.

Technology Investment $2.7 million
New Digital Banking Features 6 implemented in 2024

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