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Overview / Commentary
11 West Main Street
Mannington, WV 26582

First Exchange Bank is headquartered in Mannington and is the 30th largest bank in the state of West Virginia. It is also the 3,015st largest bank in the nation. It was established in 1932 and as of March of 2014, it had grown to 58 employees at 6 locations. First Exchange Bank has a C+ health rating.

Reviews (2)

A Wonderful, Personable Place To Bank!

First Exchange Bank (Hundred office) has been our bank for the past 12+ years. While we have dealt with other banks in the past, we find First Exchange Bank meets all our needs, both personal and for our business. Most importantly to us, it is a local bank, and the employees treat us (and their other customers) like "one of the family." They have repeatedly bent over backwards to meet our needs, while always having a smile and a first name greeting of their customers every time I go to the bank.

Customer Service

Great customer service.


Data for Q1 2014

Institution Health


Texas Ratio


The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 First Exchange Bank had $7.18 million in non-current loans and owned real-estate with $21.38 million in equity and loan loss allowances on hand to cover it. This gives First Exchange Bank a Texas Ratio of 33.60% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for First Exchange Bank experienced no significant changes from 34.92% as of March 31, 2013 to 33.60% as of March 31, 2014, resulting in a positive change of 3.79%.This indicates that the balance sheet and financial strength for First Exchange Bank has had no significant changes in recent periods.

Deposit Growth


In the past year, First Exchange Bank has decreased its total deposits by $-120,000, resulting in -0.06% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth First Exchange Bank has shown is average.



Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. First Exchange Bank has $204.12 million in assets with $21.38 million in equity, resulting in a capitalization level of 10.48%, which is above average.

Institution Statistics

FDIC Certificate #13020
Year Established1932
Primary RegulatorFDIC
Assets and Liabilities
Assets$204.13 million
Loans$150.89 million
Deposits$184.96 million
Equity Capital$18.59 million
Loan Loss Allowance$2.79 million
Unbacked Noncurrent Loans$5.87 million
Real Estate Owned$1.31 million
Historic Data - March 2013
Assets$204.11 million
Equity Capital$18.44 million
Loan Loss Allowance$2.68 million
Unbacked Noncurrent Loans$5.87 million
Real Estate Owned$1.64 million
Profit Margin - Quarterly
Net Interest Margin3.42%
Return on Assets0.71%
Return on Equity7.9%
Interest Income$2.04 million
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First Exchange Bank CD Rates

0.90%$500-60 Month CD
0.90%$500-72 Month CD
0.70%$500-48 Month CD
0.55%$500-36 Month CD
0.45%$500-30 Month CD
0.35%$500-24 Month CD
0.35%$500-27 Month CD
0.20%$500-12 Month CD
0.20%$500-15 Month CD
0.15%$500-10 Month CD
0.10%$500-182 Day CD
0.05%$500-91 Day CD

First Exchange Bank Locations
First Exchange Bank11 West Main StreetMannington, WV 26582
Barrackville Branch211 Pike StreetBarrackville, WV 26559
Fairmont Branch216 Fairmont AvenueFairmont, WV 26554
3081 University Ave. Branch3081 University Ave.Morgantown, WV 26505
Fairview Branch309 Main StreetFairview, WV 26570
Hundred BranchPo Box 780 Rt 250Hundred, WV 26575