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The First National Bank of Williamson

The First National Bank of Williamson
Overview / Commentary
68 E. 2nd Avenue
Williamson, WV 25661

The First National Bank of Williamson is headquartered in Williamson and is the 49th largest bank in the state of West Virginia. It is also the 4,741st largest bank in the nation. It was established in 1903 and as of March of 2014, it had grown to 31 employees at 3 locations. The First National Bank of Williamson has a A health rating.

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Health

Data for Q1 2014

Institution Health

A
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 Williamson 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 Williamson had $1.29 million in non-current loans and owned real-estate with $14.04 million in equity and loan loss allowances on hand to cover it. This gives The First National Bank of Williamson a Texas Ratio of 9.16% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
B

The Texas Ratio for The First National Bank of Williamson decreased slightly from 10.34% as of March 31, 2013 to 9.16% as of March 31, 2014, resulting in a positive change of 11.42%.This indicates that the balance sheet and financial strength for The First National Bank of Williamson has improved slightly in recent periods.

Deposit Growth

GRADE:
A+

In the past year, The First National Bank of Williamson has increased its total deposits by $6.19 million, resulting in 7.97% 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 Williamson has shown is excellent.

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 Williamson has $99.59 million in assets with $14.04 million in equity, resulting in a capitalization level of 14.09%, which is excellent.

Institution Statistics

Overall
FDIC Certificate #6805
Year Established1903
Employees31
Primary RegulatorOCC
Assets and Liabilities
Assets$99.59 million
Loans$48.79 million
Deposits$83.96 million
Equity Capital$13.35 million
Loan Loss Allowance$690,000
Unbacked Noncurrent Loans$1.08 million
Real Estate Owned$207,000
Historic Data - March 2013
Assets$94.52 million
Equity Capital$14.02 million
Loan Loss Allowance$660,000
Unbacked Noncurrent Loans$1.08 million
Real Estate Owned$900,000
Profit Margin - Quarterly
Net Interest Margin3.75%
Return on Assets1.11%
Return on Equity8.42%
Interest Income$1.04 million
Rates

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Locations


The First National Bank of Williamson Locations
The First National Bank Of Williamson Branch109 Prater Place, Suite 100Pikeville, KY 41501
The First National Bank Of Williamson68 E. 2nd AvenueWilliamson, WV 25661
The First National Bank Of Williamson BranchEast Fourth Avenue and Logan StreetWilliamson, WV 25661