First Exchange Bank is headquartered in Mannington and is the 18th largest bank in the state of West Virginia. It is also the 2,372nd largest bank in the nation. It was established in 1932 and as of December of 2018, 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 Q4 2018
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 | 1.27% |
| Return on Equity - YTD | 14.27% |
| Annual Interest Income | $11.3MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2018vs Q4 2017 | $269.1MM$242.6MM |
| Loans | Q4 2018vs Q4 2017 | $230.2MM$206.6MM |
| Deposits | Q4 2018vs Q4 2017 | $212.4MM$197.3MM |
| Equity Capital | Q4 2018vs Q4 2017 | $22.5MM$23.2MM |
| Loan Loss Allowance | Q4 2018vs Q4 2017 | $3.1MM$2.7MM |
| Unbacked Noncurrent Loans | Q4 2018vs Q4 2017 | $6.0MM$4.5MM |
| Real Estate Owned | Q4 2018vs Q4 2017 | $118.00K$167.00K |
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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 |