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The First National Bank of Peterstown

Overview / Commentary
304-753-4321
220 Market Street
Peterstown, WV 24963

The First National Bank of Peterstown is headquartered in Peterstown and is the 55th largest bank in the state of West Virginia. It is also the 5,603rd largest bank in the nation. It was established in 1910 and as of March of 2014, it had grown to 12 employees at 1 location. The First National Bank of Peterstown has a B+ health rating.

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Health

Data for Q1 2014

Institution Health

B+
Additional Factors: Institutions with a small asset base or a short operating history can represent an instability risk beyond what their financial ratios indicate. The First National Bank of Peterstown has a relatively low asset base.

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 March 31, 2014 The First National Bank of Peterstown had $519,000 in non-current loans and owned real-estate with $6.71 million in equity and loan loss allowances on hand to cover it. This gives The First National Bank of Peterstown a Texas Ratio of 7.73% 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 The First National Bank of Peterstown decreased dramatically from 12.40% as of March 31, 2013 to 7.73% as of March 31, 2014, resulting in a positive change of 37.66%.This indicates that the balance sheet and financial strength for The First National Bank of Peterstown has improved dramatically in recent periods.

Deposit Growth

GRADE:
C

In the past year, The First National Bank of Peterstown has decreased its total deposits by -$1.21 million, resulting in -2.04% 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 The First National Bank of Peterstown 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. The First National Bank of Peterstown has $64.51 million in assets with $6.71 million in equity, resulting in a capitalization level of 10.40%, which is above average.

Institution Statistics

Overall
FDIC Certificate #6787
Year Established1910
Employees12
Primary RegulatorOCC
Assets and Liabilities
Assets$64.51 million
Loans$28.40 million
Deposits$58.00 million
Equity Capital$6.27 million
Loan Loss Allowance$440,000
Unbacked Noncurrent Loans$519,000
Real Estate Owned$0
Historic Data - March 2013
Assets$66.26 million
Equity Capital$6.62 million
Loan Loss Allowance$421,000
Unbacked Noncurrent Loans$519,000
Real Estate Owned$310,000
Profit Margin - Quarterly
Net Interest Margin3.43%
Return on Assets0.95%
Return on Equity10.1%
Interest Income$576,000
Rates
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The First National Bank of Peterstown Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.15%$25-Savings

The First National Bank of Peterstown CD Rates

DetailsAPYMINMAXPRODUCT
0.50%$2,500-48 Month CD
0.40%$2,500-24 Month CD
0.30%$2,500-18 Month CD
0.25%$2,500-12 Month CD
0.15%$2,500-3 Month CD
0.15%$2,500-6 Month CD

The First National Bank of Peterstown IRA Rates

DetailsAPYMINMAXPRODUCT
0.50%$500-18 Month IRA
Locations


The First National Bank of Peterstown Locations
The First National Bank Of Peterstown220 Market StreetPeterstown, WV 24963