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Overview / Commentary
823 Eighth Street
Huntington, WV 25701

First Sentry Bank, Inc. is headquartered in Huntington and is the 10st largest bank in the state of West Virginia. It is also the 1,415st largest bank in the nation. It was established in 1996 and as of June of 2014, it had grown to 77 employees at 4 locations. First Sentry Bank, Inc. has a B+ health rating.

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Health

Data for Q2 2014

Institution Health

B+

Texas Ratio

GRADE:
A

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 June 30, 2014 First Sentry Bank, Inc. had $4.99 million in non-current loans and owned real-estate with $51.06 million in equity and loan loss allowances on hand to cover it. This gives First Sentry Bank, Inc. a Texas Ratio of 9.76% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
A+

The Texas Ratio for First Sentry Bank, Inc. decreased dramatically from 29.12% as of June 30, 2013 to 9.76% as of June 30, 2014, resulting in a positive change of 66.47%.This indicates that the balance sheet and financial strength for First Sentry Bank, Inc. has improved dramatically in recent periods.

Deposit Growth

GRADE:
C+

In the past year, First Sentry Bank, Inc. has decreased its total deposits by -$2.47 million, resulting in -0.62% 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 Sentry Bank, Inc. has shown is average.

Capitalization

GRADE:
B+

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 Sentry Bank, Inc. has $479.17 million in assets with $51.06 million in equity, resulting in a capitalization level of 10.66%, which is above average.

Institution Statistics

Overall
FDIC Certificate #34241
Year Established1996
Employees77
Primary RegulatorFDIC
Assets and Liabilities
Assets$479.17 million
Loans$349.45 million
Deposits$395.24 million
Equity Capital$45.74 million
Loan Loss Allowance$5.32 million
Unbacked Noncurrent Loans$3.04 million
Real Estate Owned$1.94 million
Historic Data - June 2013
Assets$484.89 million
Equity Capital$42.54 million
Loan Loss Allowance$6.14 million
Unbacked Noncurrent Loans$3.04 million
Real Estate Owned$1.45 million
Profit Margin - Quarterly
Return on Assets0.84%
Return on Equity9.17%
Interest Income$9.82 million
Rates

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Locations


First Sentry Bank, Inc. Locations
Hamiln Office Branch5 Second StreetHamlin, WV 25523
U.S. Route 60 East Branch5604 U.S. Route 60 EastHuntington, WV 25705
Mud River Road Branch6501 Mud River RoadBarboursville, WV 25504
First Sentry Bank, Inc.823 Eighth StreetHuntington, WV 25701