First Exchange Bank is headquartered in White Hall and is the 20th largest bank in the state of West Virginia. It is also the 2,386th largest bank in the nation. It was established in 1932 and as of June of 2022, it had grown to 64 employees at 6 locations. First Exchange Bank has a C+ 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 2022
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 13020 |
| Year Established | 1932 |
| Employees | 64 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.88% |
| Return on Equity - YTD | 10.06% |
| Annual Interest Income | $6.3MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2022vs Q2 2021 | $320.0MM$330.3MM |
| Loans | Q2 2022vs Q2 2021 | $245.3MM$249.4MM |
| Deposits | Q2 2022vs Q2 2021 | $291.4MM$283.9MM |
| Equity Capital | Q2 2022vs Q2 2021 | $26.5MM$30.2MM |
| Loan Loss Allowance | Q2 2022vs Q2 2021 | $5.3MM$4.3MM |
| Unbacked Noncurrent Loans | Q2 2022vs Q2 2021 | $7.1MM$3.7MM |
| Real Estate Owned | Q2 2022vs Q2 2021 | $85.00K$123.00K |