First Exchange Bank in city_name, state_name - Detailed Financial Reports, Location

First Exchange Bank in Mannington, West Virginia (WV)
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First Exchange Bank routing number info

First Exchange Bank - Overview

General
FDIC Certificate #: 13020
Status: Active
Federal Reserve ID: 170332
Bank Holding Company (Regulatory Top Holder): Heritage Bancshares, Inc. (RSSDID: 2257116, Location: Mannington, WV)
Date Established: June 27, 1932
WWW: http://www.firstexchangebank.com
Trust Powers Granted: Yes
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 6 (Domestic: 6, Interstate: No)
OTS Docket #: 10261
FDIC's unique #: 8227
Numeric code: 21
Regulator: FDIC
Insurance Fund Membership: Deposit Insurance Fund (DIF)
Insured commercial Banks: Yes
FDIC Insured: Yes
Deposit Insurance Fund member: Yes
Ownership Type: Non-Stock
FFIEC Call Report 31 Filer: No
State Chartered: Yes
Subchapter S Corporations: Yes
Asset Concentration Hierarchy: Commercial Lending Specialization
Date of Deposit Insurance: January 01, 1934
Last Structure Change Effective Date: March 31, 2006
Last Structure Change Process Date: November 03, 2006
Last Data Update: November 03, 2006
Data Source Date: April 05, 2012
Location
Address: 11 West Main Street, Mannington, WV 26582
County: Marion
Quarterly Banking Profile Region: Atlanta
FDIC Geographic Region: Atlanta
FDIC Supervisory Region: Atlanta
FDIC Field Office: Scott Depot
Office of the Comptroller the Currency (OCC) District: Northeast
Office of Thrift Supervision Region: Northeast
Combined Statistical Area (CSA): Fairmont-Clarksburg, WV (#242)
Core Based Statistical Area (CBSA): Fairmont, WV (#21900)
CBSA Micro Statistical Area: Yes
History of Changes
Merge BIF and SAIF Funds into DIF
Financial Summary
Total assets: $200.9 mil
Equity capital: $16.9 mil
Deposits held in domestic offices: $181.7 mil
Return on assets (ROA): 0.17% ($0.3 mil)
Quarterly return on assets: -1.85% (-$3.7 mil)
Return on Equity (ROE): 2.00% ($0.3 mil)
Quarterly return on equity: -21.71% (-$3.7 mil)
Net income: $0.3 mil
Quarterly Net income: -$0.9 mil
Pretax return on assets: 0.17% ($341.5 mil)
Quarterly Pretax return on assets: -1.85% (-$3,715.8 mil)

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2011)

Dollar figures in thousands
67Total employees (full-time equivalent)
$200,855Total assets
$15,516Cash and due from depository institutions
$11,541Interest-bearing balances
$12,289Securities
$0Federal funds sold & reverse repurchase agreements
$164,155Net loans & leases
$2,565Loan loss allowance
$0Trading account assets
$3,115Bank premises and fixed assets
$1,364Other real estate owned
$0Goodwill and other intangibles
$200,855Life insurance assets
$4,416All other assets
$184,003Total liabilities and capital
$181,708Total liabilities
$154,771Total deposits
$181,708Interest-bearing deposits
$95Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$1,305Trading liabilities
$0Other borrowed funds
$990Subordinated debt
$16,852All other liabilities
$16,852Total equity capital
$16,852Total bank equity capital
$0Perpetual preferred stock
$1,400Common stock
$7,214Surplus
$8,238Undivided profits
Memoranda
$0Noncurrent loans and leases
$190Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$5,725Income earned, not collected on loans
$0Earning assets
$670Long-term assets (5+ years)
$187,985Average Assets, year-to-date
$126,665Average Assets, quarterly
$202,689Volatile liabilities
$200,393Insider loans
$138,578FHLB advances
$200,061Loans and leases held for sale
$1,716Unused loan commitments
$1,716Tier 1 (core) risk-based capital
$16,549Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$7,980Restructured Loans and leases
$5,491Derivatives

Income and Expense (December 31, 2011)

Dollar figures in thousands
$10,625Total interest income
$2,890Total interest expense
$7,735Net interest income
$2,934Provision for loan and lease losses
$1,039Total noninterest income
$0Fiduciary activities
$595Service charges on deposit accounts
$0Trading account gains & fees
$444Additional noninterest income
$5,503Total noninterest expense
$2,501Salaries and employee benefits
$987Premises and equipment expense
$2,015Additional noninterest expense
$337Pre-tax net operating income
$0Securities gains (losses)
$0Applicable income taxes
$337Income before extraordinary items
$0Extraordinary gains - net
$337Net income attributable to bank
$0Net charge-offs
$337Cash dividends
$2,524Sale, conversion, retirement of capital stock, net
$871Net operating income

Performance and Condition Ratios (December 31, 2011)

Dollar figures in thousands
Performance Ratios (%, annualized)
5.60%Yield on earning assets
1.52%Cost of funding earning assets
4.08%Net interest margin
0.55%Noninterest income to earning assets
2.90%Noninterest expense to earning assets
0.17%Net operating income to assets
0.17%Return on assets (ROA)
0.17%Pretax return on assets
2.00%Return on equity (ROE)
-3.18%Retained earnings to average equity (YTD only)
1.46%Net charge-offs to loans
116.24%Credit loss provision to net charge-offs
1.30%Efficiency ratio
62,719Assets per employee
3.00%Cash dividends to net income (YTD only)
Condition Ratios (%)
258.46%Loss allowance to loans
1.54%Loss allowance to noncurrent loans
44.80%Noncurrent assets plus other real estate owned to assets
3.53%Noncurrent loans to loans
3.43%Net loans and leases to deposits
90.34%Net loans and leases to core deposits
93.20%Equity capital to assets
8.39%Core capital (leverage) ratio
8.27%Tier 1 risk-based capital ratio
11.94%Total risk-based capital ratio
Memoranda
$13Average assets
$202,689Average earning assets
$16,811Average equity
$189,745Average loans

List of branches

6 West Virginia Branches as of April 05, 2012

No	ID	Name	Address	Established	Service Type
0	8227	First Exchange Bank	11 West Main Street, Mannington, WV 26582	June 27, 1932	Full Service Brick and Mortar
1	228749	Fairmont Branch	216 Fairmont Avenue, Fairmont, WV 26554	May 06, 1996	Full Service Brick and Mortar
2	228750	Hundred Branch	Po Box 780 Rt 250, Hundred, WV 26575	April 14, 1997	Full Service Brick and Mortar
3	228751	Fairview Branch	309 Main Street, Fairview, WV 26570	November 09, 1998	Full Service Brick and Mortar
4	363496	Barrackville Branch	211 Pike Street, Barrackville, WV 26559	April 08, 2002	Full Service Brick and Mortar
6	419234	3081 University Ave. Branch	3081 University Ave., Morgantown, WV 26505	November 12, 2002	Full Service Brick and Mortar

First Exchange Bank in Mannington, West Virginia (WV)
Overview, Financial Summary, Detailed Financial Reports, Branches

First Exchange Bank - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

List of branches

Comment about this bank, ask questions, or add new information about it:

First Exchange Bank in Mannington, West Virginia (WV)Overview, Financial Summary, Detailed Financial Reports, Branches

First Exchange Bank - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

List of branches

Comment about this bank, ask questions, or add new information about it:

First Exchange Bank in Mannington, West Virginia (WV)
Overview, Financial Summary, Detailed Financial Reports, Branches