First Exchange Bank is headquartered in Mannington and is the 18th largest bank in the state of West Virginia. It is also the 2,296th largest bank in the nation. It was established in 1932 and as of June of 2019, it had grown to 60 employees at 6 locations. First Exchange Bank's CD rates are 2X the national average, and it has a B health rating.
A Wonderful, Personable Place To Bank!
First Exchange Bank (Hundred office) has been our bank for the past 12+ years. While we have dealt with other banks in the past, we find First Exchange Bank meets all our needs, both personal and for our business. Most importantly to us, it is a local bank, and the employees treat us (and their other customers) like "one of the family." They have repeatedly bent over backwards to meet our needs, while always having a smile and a first name greeting of their customers every time I go to the bank.
Data as of Q2 2019
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 13020 |
| Year Established | 1932 |
| Employees | 60 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.26% |
| Return on Equity - YTD | 15.23% |
| Annual Interest Income | $6.5MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2019vs Q2 2018 | $283.5MM$249.7MM |
| Loans | Q2 2019vs Q2 2018 | $243.7MM$214.5MM |
| Deposits | Q2 2019vs Q2 2018 | $221.6MM$203.1MM |
| Equity Capital | Q2 2019vs Q2 2018 | $23.3MM$22.1MM |
| Loan Loss Allowance | Q2 2019vs Q2 2018 | $3.4MM$3.0MM |
| Unbacked Noncurrent Loans | Q2 2019vs Q2 2018 | $5.9MM$5.6MM |
| Real Estate Owned | Q2 2019vs Q2 2018 | $214.00K$2.00K |
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First Exchange Bank CD Rates
| First Exchange Bank Locations | ||
|---|---|---|
| First Exchange Bank | 11 West Main Street | Mannington, WV 26582 |
| Barrackville Branch | 211 Pike Street | Barrackville, WV 26559 |
| Fairmont Branch | 216 Fairmont Avenue | Fairmont, WV 26554 |
| 3081 University Ave. Branch | 3081 University Ave. | Morgantown, WV 26505 |
| Fairview Branch | 309 Main Street | Fairview, WV 26570 |
| Hundred Branch | Po Box 780 Rt 250 | Hundred, WV 26575 |