# FIRST EXCHANGE BANK
WHITE HALL, WV · FDIC certificate 13020 · asset band $300M-1B · latest filing 2026-06 · live

**Verdict on the desk:** this could be *ordinary*. Composite score 1 (one point per flag, capital below 5% counted twice; 7 or more is where departures cluster).

## What the filing shows (filed dollars, derived ratios; band percentiles in parentheses)

| Measure | Value | Band median |
|---|---|---|
| Total assets | $391.1M | |
| Deposits | $356.5M | |
| Loans and leases | $294.7M | |
| Total equity | $31.1M | |
| Loans / deposits | 81.43% (p49 of band) | 82.04% |
| Liquid assets / assets | 20.45% (p33 of band) | |
| Uninsured deposits / deposits | 13.96% (p11 of band) | 25.97% |
| Brokered deposits | 4.66% | |
| Wholesale funding | 5.03% (p58 of band) | |
| FHLB advances / assets | 0.37% | |
| Tier 1 leverage | 8.96% (p12 of band) | 10.81% |
| Unrealized securities loss / equity | -13.59% (p35 of band) | -8.10% |
| AOCI / equity | -0.68% (p34 of band) | |
| ROA (annualized) | 0.93% (p28 of band) | 1.28% |
| Net interest margin | 3.79% (p43 of band) | 3.91% |
| Efficiency ratio | 70.13% (p74 of band) | |
| Noncurrent loans | 2.10% (p89 of band) | 0.43% |
| Net charge-offs (annualized) | -0.03% (p4 of band) | |
| Reserve coverage of noncurrent | 71.08% | |
| Real estate % of loans | 89% | |
| Construction % of loans | 19.91% (p25 of band) | |
| Auto loans | $7.5M (2.53% of loans; DQ 3.05%, NCO 0.01%) | |
| Loans to nondepository financials | $0 (0% of equity) (p45 of band) | |
| Deposits YoY | 3.9% | |
| Employees | 64 | |

## Flags firing in the latest filing

- **reserve under noncurrent** (`aq_reserve`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 2 | charge-offs p90, reserve under noncurrent |  |
| 2011-06 | 2 | losing money | charge-offs p90 |
| 2011-09 | 1 |  | losing money |
| 2011-12 | 2 | charge-offs p90 |  |
| 2012-03 | 3 | losing money |  |
| 2012-06 | 1 |  | charge-offs p90, losing money |
| 2012-09 | 1 |  |  |
| 2012-12 | 2 | charge-offs p90 |  |
| 2013-03 | 1 |  | charge-offs p90 |
| 2013-06 | 1 |  |  |
| 2013-09 | 1 |  |  |
| 2013-12 | 1 |  |  |
| 2014-03 | 2 | charge-offs p90 |  |
| 2014-06 | 2 | noncurrent p90 | charge-offs p90 |
| 2014-09 | 2 | charge-offs p90 | noncurrent p90 |
| 2014-12 | 2 |  |  |
| 2015-03 | 1 |  | charge-offs p90 |
| 2015-06 | 1 |  |  |
| 2015-09 | 2 | capital falling |  |
| 2015-12 | 2 |  |  |
| 2016-03 | 2 | loans exceed deposits | capital falling |
| 2016-06 | 2 |  |  |
| 2016-09 | 2 |  |  |
| 2016-12 | 2 |  |  |
| 2017-03 | 2 |  |  |
| 2017-06 | 3 | capital falling |  |
| 2017-09 | 3 |  |  |
| 2017-12 | 2 |  | capital falling |
| 2018-03 | 3 | liquid assets <10% |  |
| 2018-06 | 4 | capital falling |  |
| 2018-09 | 5 | noncurrent p90 |  |
| 2018-12 | 5 | charge-offs p90 | noncurrent p90 |
| 2019-03 | 4 |  | charge-offs p90 |
| 2019-06 | 4 |  |  |
| 2019-09 | 3 |  | capital falling |
| 2019-12 | 2 |  | liquid assets <10% |
| 2020-03 | 3 | liquid assets <10% |  |
| 2020-06 | 2 | capital falling | loans exceed deposits, liquid assets <10% |
| 2020-09 | 2 |  |  |
| 2020-12 | 0 |  | reserve under noncurrent, capital falling |
| 2021-03 | 1 | charge-offs p90 |  |
| 2021-06 | 2 | capital falling |  |
| 2021-09 | 1 |  | capital falling |
| 2021-12 | 3 | noncurrent p90, reserve under noncurrent |  |
| 2022-03 | 2 |  | charge-offs p90 |
| 2022-06 | 2 |  |  |
| 2022-09 | 4 | AOCI drag >20% of equity, charge-offs p90 |  |
| 2022-12 | 4 |  |  |
| 2023-03 | 2 |  | AOCI drag >20% of equity, charge-offs p90 |
| 2023-06 | 3 | capital falling |  |
| 2023-09 | 3 |  |  |
| 2023-12 | 6 | loans exceed deposits, charge-offs p90, uninsured deposits leaving |  |
| 2024-03 | 4 | wholesale funding >15% | loans exceed deposits, charge-offs p90, uninsured deposits leaving |
| 2024-06 | 2 | charge-offs p90 | noncurrent p90, reserve under noncurrent, wholesale funding >15% |
| 2024-09 | 2 | reserve under noncurrent | capital falling |
| 2024-12 | 3 | noncurrent p90 |  |
| 2025-03 | 3 |  |  |
| 2025-06 | 3 | uninsured deposits leaving | charge-offs p90 |
| 2025-09 | 2 |  | uninsured deposits leaving |
| 2025-12 | 3 | charge-offs p90 |  |
| 2026-03 | 3 |  |  |
| 2026-06 | 1 |  | noncurrent p90, charge-offs p90 |

## In the news (Google News, unfiltered, newest first; check the city)

- 2026-07-24 [Steve Williams appointed to First Exchange Bank board - WV News](https://news.google.com/rss/articles/CBMi2wFBVV95cUxQM2N2S3h0MjQwcjZmckxqNnF0X2NqbmczR0hZQnN4MVQ4b2ZobXVJWElQOWR1SlJTUTlObXlFd201UmpLb1Vya3I1Z1pYcVpob3l5WUVWV0FILWtubi1NNndCZ3NFcVhtNmdDQllZNW9ERjh0QXdPb0xyYXVqeFo4b3VSWUdIeXBqRTBIQks0TS1HVGtwN3lrckVMSU52VXdPX2cyNEVQMFBlNVRrYmpFMy1YRWZLa19sbGtKdmlmYXJ6YWtCQVFaMTJ2M1RQT21lUTl0MUhONFRTMWM?oc=5) · WV News
- 2025-10-11 [First Exchange Bank adds 3 members to it leadership and commercial banking division - Times West Virginian](https://news.google.com/rss/articles/CBMigAJBVV95cUxNdnA0UmdfTTNPTWc0OVdQOFBCNExIQS0zMkQya1c2WENJRmlucDg4R0Q5Y3A1VTBKVWhDVElHeThrbEhZRG9ZdmR1cGdRUXJJMVBXT25tb3ZCekg2ZmZ5MUItVDdjcTR4b2JCTTlUbkdTUFYyT3QwRkUtaGN1SXJ4c3pkc0I1dVUxR00zRHFLdnNLV3VNeDQ4TTFZMTJnWmdBS3lEZXV3N2RrRTNQcHRhdUJ6ZFFGaUtseHVlYnRJT2tMSDNQdUlidEM5VXE2SnZPU3RUcS0zazAxMHJCRHh6eWRPSVlucVR0TGt2QXhGRm5EaXFqNW5Jc294dFRVRXBM?oc=5) · Times West Virginian
- 2025-12-16 [First Exchange Bank donates $3K to Mon Health Medical Center Foundation for breast cancer initiatives - WV News](https://news.google.com/rss/articles/CBMikwJBVV95cUxQWEhyenFQMF9RS3VXdGlUTU9lbFBsR0JsbUllSGFrUGdqaTB6TGZKNGVKbzBzNlFCdGhlY3lJV1pYUkIyeFpFQWNJQjJHajNBbERzVVVVYW5sN0RfdndDc21kN0YzUGI4X1haMHRKeFlHMC1mRFNoSlZSRHZiVTJickZiSnhrV0laR3I2ZkpRQmZnUFNmRTRUWFNoODVXaTR0bWIybEZacmVjVnpuQmx0bTcxb2tRa2ZRMTBnLUNPaFdPRnVzOFRrX1hIU3FmTFJLWlJya0RfY2hrcUJMekM5OGY0R0lQOTVIdmNXaUZDYVVWcnZUY3hueWVwMDJBWFRhZUh3NVRjT29QZmp4bUZQTEgzOA?oc=5) · WV News
- 2018-10-09 [First Exchange Bank announces new Fairmont location - WBOY.com](https://news.google.com/rss/articles/CBMijgFBVV95cUxOUHJTRUZTR3ZwQkMySW9fREhsQ1FiaFhLYzlNZENTUTRrbllaUmg1YlVPTFBkZjVQZFNlT1VIbno5clBtcktycFFBRUlrS0QtcC1hVGVETEZrMEQ2NS1WaXVHczNTcGxEYUt5N0JxeXhsM1NFQlJ6MWU3OWZmSTJBSktpVDJLQXpCazItVXVB0gGTAUFVX3lxTE1jdlRqdEFUMU00NVFxZmF2elJfYkRsWnJ0LU1qU01DVEJOOGJtZFd3S1ktZ0ZZNnhVRzdWUFRBYldsRG91ZTlmeG9UdWQwMHlYcldwSzl5S05BaThBTVhzNGhzTVNiSkE5NnVVV0p4OGRhWmNSQU9yekhQQi1EdFc4enpacTFMU3cySFRsZXp5Uy00RQ?oc=5) · WBOY.com
- 2024-11-08 [Scouting’s Mountaineer Area Council honors community service at Distinguished Citizens Dinner - dominionpost.com](https://news.google.com/rss/articles/CBMizgFBVV95cUxPR3ZBUldjaVc0R0d2M2lIamNvbzdIRDFtcTdvWEpCSlVNeEpWR2stNmtzVTAwSS1ZNWsyUl9NOE5tbVFhNVVBTnNETUlyZWMxVDF2N3NFYWNnZGZ0ZkdLY1hEaEoxWEJjNjZIYml2cUdqTG1WdkFOalM5M2hOMmh1RUR0VFRaaGFfdUxxTHRhdDFUakFsNGc2dV9vNjFhR3hFQ2YyRWRiQWNRdTVRSG0wVktzSUd0SENSdXUzOW5HZVl3cW4yZV81WGJ3TFRxdw?oc=5) · dominionpost.com
- 2025-08-22 [First Exchange Bank names new CEO as Bill Goettel retires - WV News](https://news.google.com/rss/articles/CBMi2gFBVV95cUxQSC05VWJoMHJ4bnVndDMwUkpxMThpRGhraktONkNnVnZyME93d0taV3BCVUhLTmM3Q21yeGR0UW1Zd3ZLRWNrWjkyck5fLThBRXRhSno2d1BkeEtSNnBEbDg4c1I5aXhMZUJ4LVJyM2YzNEZHcURvdWJEODIwYmZlb3RKZ1MxWVZOTWdlQl9ST29qdFhtWVUzdGdDalhLMnpvbzY0ZWdEVnBWX0tBb09kamk3ZC16SGpzaG9yNjlhcGJOdXNwUWVVM1dPOFdCZnhDSWpxb3RYZ25KUQ?oc=5) · WV News
- 2025-04-24 [Clayton Rice promoted to chief lending officer at First Exchange Bank - WV News](https://news.google.com/rss/articles/CBMi8AFBVV95cUxNTzdfdkJySXZZUVNlSk9ZUEM5cGdZcGk0YXF0MlpaOF9JYVNBVWZIV2xMQzQ1d2hEQWlIeWNnemowaWtCMUpyQ0E0RURMWnZaMWI5ZzFLaE1WR1BjXzVrWHZYMTE0dDQxbGhHNjFEcGRIWjBFSXZqbjFGQ1Q0WlB3dDdyc2RhR0tWQV94Rm1LazFUWGdOYmxiVEpJUWNYaUpqMmxhOERkU09xaG1sdFY5T0NiZUNXRlYzdHlVWVJES0FKUlg0elRCTWFuVFFxUWVlTUJieXpVYkJkMWFNYlF1bWxjd25uRjRBTEpDSlB4RVA?oc=5) · WV News
- 2019-05-30 [Tina Naylor named commercial loan officer at First Exchange Bank - WV News](https://news.google.com/rss/articles/CBMi0wFBVV95cUxOLXhUdFRhVXdtR1gyenNGdnRZenpuMDNWTVQ4emdlV1Fua0FDTnJZMkxDZWZDdlpsTVhhNTAzSG4wTjV1OGxUOFVTN2JqdHVhbVZmQXVxcHNSTF9SaXdyNzJWWnY4VVdaZVpKRjBxV09wbmhJaE5UZTZiQXZ5U3VGU2ZIbmdpZ3VnbzVyU0Z1Z1NsOWlCejVJN2ZubFNaa3dVWUpFX2lNQnJ6eWNXNW1rNFZyYUMxMzhOVU13d0pEZGxUU2JESWdvQUVrYmxkeEJIRzRn?oc=5) · WV News

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=13020 (click any number for its formula and FFIEC field codes)
- Latest row, JSON: https://getbookiq.com/bank-desk/data/summary.json · history: https://getbookiq.com/bank-desk/data/h/28.json (key "13020", columns cycle, ASSET, DEP, LNLSGR, EQTOT, ltd, liquid_pct, unins_pct, lev, aoci_pct_eq, sec_loss_eq, roa, nim, eff, nc_pct, nco_pct, LNAUTO, auto_dq, auto_nco, LNNDEPD, ndfi_eq, wholesale_pct, dep_yoy, score, flags)
- Field definitions: https://getbookiq.com/dictionary/#bank-LNNDEPD and the rest of the bank dictionary
- Source: FDIC call report via BankFind, dollars in thousands as filed. Departed means stopped filing, which is usually a merger; FAILED is the FDIC's own list.

---
Rendered 2026-09-10 from the desks' own data files. Full guide: https://getbookiq.com/guide