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First National Bank (WV)

First National Bank (WV)
Overview / Commentary
One Cedar Street
Ronceverte, WV 24970

First National Bank (WV) is headquartered in Ronceverte and is the 25th largest bank in the state of West Virginia. It is also the 2,682nd largest bank in the nation. It was established in 1933 and as of March of 2014, it had grown to 59 employees at 6 locations. First National Bank (WV) has a B health rating.

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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 National Bank (WV) had $7.85 million in non-current loans and owned real-estate with $28.59 million in equity and loan loss allowances on hand to cover it. This gives First National Bank (WV) a Texas Ratio of 27.45% 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 National Bank (WV) decreased slightly from 32.87% as of March 31, 2013 to 27.45% as of March 31, 2014, resulting in a positive change of 16.50%.This indicates that the balance sheet and financial strength for First National Bank (WV) has improved slightly in recent periods.

Deposit Growth


In the past year, First National Bank (WV) has decreased its total deposits by -$13.13 million, resulting in -6.03% 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 National Bank (WV) has shown is below 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 National Bank (WV) has $236.7 million in assets with $28.59 million in equity, resulting in a capitalization level of 12.08%, which is excellent.

Institution Statistics

FDIC Certificate #6795
Year Established1933
Primary RegulatorOCC
Assets and Liabilities
Assets$236.70 million
Loans$124.68 million
Deposits$204.52 million
Equity Capital$26.63 million
Loan Loss Allowance$1.96 million
Unbacked Noncurrent Loans$7.85 million
Real Estate Owned$0
Historic Data - March 2013
Assets$251.22 million
Equity Capital$27.41 million
Loan Loss Allowance$3.04 million
Unbacked Noncurrent Loans$7.85 million
Real Estate Owned$842,000
Profit Margin - Quarterly
Net Interest Margin3.1%
Return on Assets0.56%
Return on Equity5.05%
Interest Income$2.06 million

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First National Bank (WV) Locations
Covington Branch141 - 155 N. Court StreetCovington, VA 24426
First National Bank - Downtown Lewisburg Branch202 E. Washington StreetLewisburg, WV 24901
First National Bank Branch5 Main StreetHot Springs, VA 24445
Lewisburg Branch799 North Jefferson StreetLewisburg, WV 24901
First National Bank-Wss Branch901 East Main StreetWhite Sulphur Springs, WV 24986
First National BankOne Cedar StreetRonceverte, WV 24970