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Overview / Commentary
38609 Coal River Rd
Whitesville, WV 25209

Whitesville State Bank is headquartered in Whitesville and is the 52nd largest bank in the state of West Virginia. It is also the 5,019st largest bank in the nation. It was established in 1946 and as of March of 2014, it had grown to 37 employees at 4 locations. Whitesville State Bank has a B+ health rating.

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Data for Q1 2014

Institution Health

Additional Factors: Institutions with a small asset base or a short operating history can represent an instability risk beyond what their financial ratios indicate. Whitesville State Bank has a relatively low asset base.

Texas Ratio


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 Whitesville State Bank had $702,000 in non-current loans and owned real-estate with $8.97 million in equity and loan loss allowances on hand to cover it. This gives Whitesville State Bank a Texas Ratio of 7.83% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for Whitesville State Bank experienced no significant changes from 5.20% as of March 31, 2013 to 7.83% as of March 31, 2014, resulting in a negative change of 50.56%. This indicates that the balance sheet and financial strength for Whitesville State Bank has had no significant changes in recent periods.

Deposit Growth


In the past year, Whitesville State Bank has increased its total deposits by $2.09 million, resulting in 2.74% 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 Whitesville State Bank has shown is above average.



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. Whitesville State Bank has $88.17 million in assets with $8.97 million in equity, resulting in a capitalization level of 10.17%, which is above average.

Institution Statistics

FDIC Certificate #16453
Year Established1946
Primary RegulatorFDIC
Assets and Liabilities
Assets$88.17 million
Loans$49.61 million
Deposits$78.12 million
Equity Capital$8.38 million
Loan Loss Allowance$594,000
Unbacked Noncurrent Loans$247,000
Real Estate Owned$455,000
Historic Data - March 2013
Assets$85.14 million
Equity Capital$8.52 million
Loan Loss Allowance$507,000
Unbacked Noncurrent Loans$247,000
Real Estate Owned$354,000
Profit Margin - Quarterly
Net Interest Margin3.81%
Return on Assets0.09%
Return on Equity0.91%
Interest Income$865,000

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Whitesville State Bank Locations
Crab Orchard Branch1460 Robert C. Byrd DriveCrab Orchard, WV 25827
Whitesville State Bank38609 Coal River RdWhitesville, WV 25209
Glen Daniel Branch7022 Haper RdGlen Daniel, WV 25844
Comfort Branch7070 Coal River RdComfort, WV 25049