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Overview / Commentary
216 Market Street
Spencer, WV 25276

First Neighborhood Bank is headquartered in Spencer and is the 37th largest bank in the state of West Virginia. It is also the 3,772nd largest bank in the nation. It was established in 1912 and as of March of 2014, it had grown to 39 employees at 4 locations. First Neighborhood Bank has a A 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 Neighborhood Bank had $585,000 in non-current loans and owned real-estate with $14.62 million in equity and loan loss allowances on hand to cover it. This gives First Neighborhood Bank a Texas Ratio of 4.00% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for First Neighborhood Bank decreased dramatically from 5.87% as of March 31, 2013 to 4.00% as of March 31, 2014, resulting in a positive change of 31.78%.This indicates that the balance sheet and financial strength for First Neighborhood Bank has improved dramatically in recent periods.

Deposit Growth


In the past year, First Neighborhood Bank has increased its total deposits by $1.68 million, resulting in 1.29% 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 Neighborhood Bank has shown is above 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 Neighborhood Bank has $146.48 million in assets with $14.62 million in equity, resulting in a capitalization level of 9.98%, which is above average.

Institution Statistics

FDIC Certificate #6800
Year Established1912
Primary RegulatorFDIC
Assets and Liabilities
Assets$146.48 million
Loans$84.67 million
Deposits$131.57 million
Equity Capital$13.64 million
Loan Loss Allowance$980,000
Real Estate Owned$585,000
Historic Data - March 2013
Assets$144.51 million
Equity Capital$13.42 million
Loan Loss Allowance$903,000
Unbacked Noncurrent Loans$0
Real Estate Owned$735,000
Profit Margin - Quarterly
Net Interest Margin3.47%
Return on Assets0.53%
Return on Equity5.75%
Interest Income$1.28 million

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First Neighborhood Bank Locations
First Neighborhood Bank216 Market StreetSpencer, WV 25276
Drive-In Branch334 Main StreetSpencer, WV 25276
Parkersburg Branch4416 Emerson AvenueParkersburg, WV 26104
South Parkersburg Office Branch500 Division StreetParkersburg, WV 26103