First Exchange Bank is headquartered in White Hall and is the 20th largest bank in the state of West Virginia. It is also the 2,349th largest bank in the nation. It was established in 1932 and as of December of 2021, it had grown to 59 employees at 6 locations. First Exchange Bank has a B health rating.
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.
Overall | |
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FDIC Certificate # | 13020 |
Year Established | 1932 |
Employees | 59 |
Primary Regulator | FDIC |
Profit Margin | |
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Return on Assets - YTD | 0.8% |
Return on Equity - YTD | 8.73% |
Annual Interest Income | $13.0MM |
Assets and Liabilities | ||
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Assets | Q4 2021vs Q4 2020 | $329.8MM$314.2MM |
Loans | Q4 2021vs Q4 2020 | $252.6MM$252.9MM |
Deposits | Q4 2021vs Q4 2020 | $287.8MM$263.8MM |
Equity Capital | Q4 2021vs Q4 2020 | $30.2MM$29.6MM |
Loan Loss Allowance | Q4 2021vs Q4 2020 | $5.1MM$4.3MM |
Unbacked Noncurrent Loans | Q4 2021vs Q4 2020 | $6.3MM$4.0MM |
Real Estate Owned | Q4 2021vs Q4 2020 | $85.00K$124.00K |
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First Exchange Bank Locations | ||
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First Exchange Bank | 1 Heritage Way | White Hall, WV 26554 |
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 | 3128 Hornet Hwy | Hundred, WV 26575 |
West Main Street | 11 West Main Street | Mannington, WV 26582 |