The First State Bank (WV)

The First State Bank (WV) is headquartered in Barboursville and is the 16^st largest bank in the state of West Virginia. It is also the 2,161^st largest bank in the nation. It was established in 1905 and as of March of 2012, it had grown to 63 employees at 4 locations. The First State Bank (WV) has a 3-star health rating.

Data for Q1 2012

Institution Statistics The First State Bank FDIC Certificate # 14361 BankRate Report View Year Established 1905 Employees 63 Primary Regulator FDIC Assets and Liabilities Assets $302.42 million Loans $238.13 million Deposits $261.11 million Equity Capital $22.68 million Loan Loss Allowance $2.90 million Unbacked Noncurrent Loans $8.41 million Real Estate Owned $1.69 million Historic Data - March 2011 Assets $231.69 million Equity Capital $20.37 million Loan Loss Allowance $2.44 million Unbacked Noncurrent Loans $4.43 million Real Estate Owned $2.34 million Profit Margin - Quarterly Net Interest Margin 4.33% Return on Assets 2.48% Return on Equity 33.07% Interest Income $3.43 million

Institution Health Overall Score: 3 out of 5 Texas Ratio 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 March 31, 2012 The First State Bank (WV) had $10.1 million in non-current loans and owned real-estate with $25.57 million in equity and loan loss allowances on hand to cover it. This gives The First State Bank (WV) a Texas Ratio of 39.50% which is below average. Any bank with a Texas Ratio near or greater than 100% is considered at risk. Texas Ratio Trend The Texas Ratio for The First State Bank (WV) increased slightly from 26.61% as of March 31, 2011 to 39.50% as of March 31, 2012, resulting in a negative change of 48.44%. This indicates that the balance sheet and financial strength for The First State Bank (WV) has declined slightly in recent periods. Deposit Growth In the past year, The First State Bank (WV) has increased its total deposits by $70.75 million, resulting in 37.17% 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 State Bank (WV) has shown is excellent. Capitalization 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 State Bank (WV) has $302.42 million in assets with $25.57 million in equity, resulting in a capitalization level of 8.46%, which is average.

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