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Overview / Commentary
101 East A Street
Wellston, OH 45692

The First National Bank of Wellston is headquartered in Wellston and is the 158th largest bank in the state of Ohio. It is also the 4,968th largest bank in the nation. It was established in 1886 and as of December of 2013, it had grown to 34 employees at 2 locations. The First National Bank of Wellston has a C+ health rating.

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Reviews (1)

Great Bank

I have always found The First National Bank of Wellston to be a great place to do my banking. The tellers and other employees are always friendly and willing to take the time to help me with my transactions. The bank has always been a dependable, strong bank. I would highly recommend that you do your banking with them.



Health

Data for Q4 2013

Institution Health

C+
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 Wellston has a relatively low asset base.

Texas Ratio

GRADE:
C+

The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2013 The First National Bank of Wellston had $2.74 million in non-current loans and owned real-estate with $12.26 million in equity and loan loss allowances on hand to cover it. This gives The First National Bank of Wellston a Texas Ratio of 22.36% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
C+

The Texas Ratio for The First National Bank of Wellston experienced no significant changes from 23.19% as of December 31, 2012 to 22.36% as of December 31, 2013, resulting in a positive change of 3.59%.This indicates that the balance sheet and financial strength for The First National Bank of Wellston has had no significant changes in recent periods.

Deposit Growth

GRADE:
D

In the past year, The First National Bank of Wellston has decreased its total deposits by -$4.62 million, resulting in -5.53% 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 Wellston has shown is below average.

Capitalization

GRADE:
A+

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 Wellston has $90.77 million in assets with $12.26 million in equity, resulting in a capitalization level of 13.51%, which is excellent.

Institution Statistics

Overall
FDIC Certificate #6727
Year Established1886
Employees34
Primary RegulatorOCC
Assets and Liabilities
Assets$90.77 million
Loans$60.00 million
Deposits$78.94 million
Equity Capital$11.54 million
Loan Loss Allowance$726,000
Unbacked Noncurrent Loans$2.36 million
Real Estate Owned$379,000
Historic Data - December 2012
Assets$95.96 million
Equity Capital$11.86 million
Loan Loss Allowance$618,000
Unbacked Noncurrent Loans$2.36 million
Real Estate Owned$221,000
Profit Margin - Quarterly
Net Interest Margin4.33%
Return on Assets0.4%
Return on Equity3.18%
Interest Income$4.12 million
Rates

Always verify rates and promotions with the bank or credit union. We are not The First National Bank of Wellston, we are a rate comparison website and can not provide official rates or promotions.

The First National Bank of Wellston Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.35%--IRA Account
0.15%--Savings Account
0.10%--Christmas Club
0.05%--Fab 50 Account

The First National Bank of Wellston Money Market Rates

DetailsAPYMINMAXPRODUCT
0.18%$25k-Money Market Savings Account

The First National Bank of Wellston Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.10%$1,500-Super NOW Checking Account
0.05%$1k-NOW Checking Accounts

The First National Bank of Wellston CD Rates

DetailsAPYMINMAXPRODUCT
1.05%$1k-60 Month CD
0.75%$1k-48 Month CD
0.60%$1k-36 Month CD
0.50%$1k-30 Month CD
0.45%$1k-24 Month CD
0.40%$1k-18 Month CD
0.30%$1k-12 Month CD
0.20%$1k-6 Month CD
0.15%$1k-3 Month CD
Locations


The First National Bank of Wellston Locations
The First National Bank Of Wellston101 East A StreetWellston, OH 45692
Jackson Branch590 East Main StreetJackson, OH 45640