TellerScore

First Exchange Bank is a state-chartered bank headquartered in White Hall, West Virginia, in business for about 94 years. At the end of Q2 2026 it reported $391.1M in total assets and $356.5M in deposits, with 7 offices.

Based on its Q2 2026 filing, First Exchange Bank scores 49/100, which we describe as below average. That is higher than only 6% of 2,650 banks with $100 million – $1 billion. Among 40 banks headquartered in West Virginia, it ranks 40th. Its strongest component is funding & liquidity (79/100; 81% loans-to-deposits, 14% uninsured), and its lowest is loan quality (30/100; 2.10%).

TellerScore · Q2 2026

Scorecard

Capital cushion40/100
Tier 1 leverage ratio: 8.96%
Loan quality30/100
Noncurrent loans ÷ total loans: 2.10%
Earnings57/100
Return on assets (annualized): 0.93%
Funding & liquidity79/100
Loans ÷ deposits and uninsured-deposit share: 81.4% · 14.0% uninsured
Problem-loan coverage65/100
"Texas ratio": (noncurrent loans + foreclosed property) ÷ (equity + loan-loss reserves): 17.43%

The TellerScore is our own summary of the figures this institution reports publicly; it is not issued or endorsed by any government agency. It is not a prediction, and deposits within insurance limits are protected either way.

9 quarters

Health trend

From Q2 2025 to Q2 2026, the score rose 11 points (38 → 49), mostly because the earnings component improved by 22 points.

TellerScore
384857Q2 2024Q4 2024Q2 2025Q4 2025Q2 2026
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QuarterTellerScore
Q2 202457
Q3 202449
Q4 202444
Q1 202546
Q2 202538
Q3 202538
Q4 202541
Q1 202644
Q2 202649
Tier 1 leverage ratio
5.00%7.04%9.08%well-capitalized benchmarkQ2 2024Q4 2024Q2 2025Q4 2025Q2 2026
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QuarterTier 1 leverage ratio
Q2 20248.66%
Q3 20248.76%
Q4 20248.83%
Q1 20258.95%
Q2 20258.94%
Q3 20259.08%
Q4 20259.04%
Q1 20269.05%
Q2 20268.96%
Noncurrent loans
0.83%1.83%2.84%Q2 2024Q4 2024Q2 2025Q4 2025Q2 2026
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QuarterNoncurrent loans
Q2 20240.83%
Q3 20241.63%
Q4 20242.05%
Q1 20252.17%
Q2 20252.69%
Q3 20252.84%
Q4 20252.50%
Q1 20262.59%
Q2 20262.10%
Return on assets
0.37%0.65%0.93%Q2 2024Q4 2024Q2 2025Q4 2025Q2 2026
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QuarterReturn on assets
Q2 20240.55%
Q3 20240.54%
Q4 20240.47%
Q1 20250.61%
Q2 20250.37%
Q3 20250.46%
Q4 20250.46%
Q1 20260.89%
Q2 20260.93%
Quarter-by-quarter figures
QuarterScoreAssetsCapitalProblem loansROALoans/deposits
Q2 202649$391.1M8.96%2.10%0.93%81.4%
Q1 202644$385.2M9.05%2.59%0.89%82.0%
Q4 202541$376.5M9.04%2.50%0.46%84.5%
Q3 202538$376.6M9.08%2.84%0.46%84.1%
Q2 202538$376.8M8.94%2.69%0.37%85.2%
Q1 202546$383.5M8.95%2.17%0.61%84.4%
Q4 202444$381.6M8.83%2.05%0.47%87.3%
Q3 202449$385.9M8.76%1.63%0.54%88.1%
Q2 202457$387.5M8.66%0.83%0.55%88.8%

2,650 peers · $100 million – $1 billion

How it compares with peers

Percentile against banks of similar size nationwide (100th = best among peers; for ratios where lower is better, the scale is flipped).

Capital ratio8.96%
12th
Total risk-based capital14.02%
62nd
Problem loans2.10%
12th
Net charge-offs-0.03%
94th
Return on assets0.93%
30th
Net interest margin3.79%
42nd
Efficiency ratio70.1%
30th
Loans to deposits81.4%
46th
Uninsured deposits14.0%
85th
Loan-loss reserves1.49%
78th
Texas ratio17.4%
8th

Similar-size banks in West Virginia

InstitutionScoreAssetsCapitalProblem loansCompare
Highlands BankBank Petersburg, WV69 out of 100, Moderate$407.1M11.0%0.91%vs
The Bank of RomneyBank Romney, WV74 out of 100, Strong$368.8M16.0%1.73%vs
Logan Bank & Trust CompanyBank Logan, WV85 out of 100, Very strong$359.2M11.7%0.45%vs
MCNB Bank and Trust Co.Bank Welch, WV50 out of 100, Below average$356.5M12.3%3.22%vs
Freedom Bank, Inc.Bank Belington, WV78 out of 100, Strong$429.7M11.4%0.36%vs
Community Bank of ParkersburgBank Parkersburg, WV70 out of 100, Strong$340.3M9.9%0.40%vs

Deposit insurance

Is my money safe at First Exchange Bank?

Yes. First Exchange Bank is an FDIC-insured institution (FDIC certificate #13020). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category.

An estimated 14.0% of deposits ($49.8M) are above the $250,000 FDIC insurance limit, below the peer median of 24%. Insured balances are protected regardless of the score.

The tier 1 leverage ratio is 8.96%, above the 5% level regulators use as the "well capitalized" benchmark for this measure. Its total risk-based capital ratio is 14.02% (benchmark: 10%).

Check how much of your own balance is covered

7 locations

Branches

First Exchange Bank lists 7 offices in 6 cities. Most locations:

All branch addresses and map

HMDA 2025

Mortgage lending

In 2025, First Exchange Bank reported 204 home-loan applications under HMDA (LEI 549300ZOW5Z4AZ36M223): 102 originated ($22,520,000 total), 63 denied, and 26 withdrawn or closed by the applicant. Its denial rate on decided applications was 35.4%, compared with 22.2% for all lenders nationwide.

Denial rates depend heavily on loan type and applicant mix and are not a measure of fairness or of your own odds.

Identity & history

Profile

Legal name
First Exchange Bank
Type
State-chartered bank
FDIC certificate #
13020
RSSD ID
170332
Primary regulator
FDIC
Holding company
Heritage Bancshares Inc
Established
June 27, 1932
Headquarters
1 Heritage Way, White Hall, WV 26554
Employees
64

Quick answers

First Exchange Bank: common questions

Is First Exchange Bank FDIC insured?

Yes. First Exchange Bank is an FDIC-insured institution (FDIC certificate #13020). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category.

What is First Exchange Bank's TellerScore?

49 out of 100 (Below average), based on its Q2 2026 publicly reported figures. The TellerScore is our own summary and is not issued by any government agency.

Has First Exchange Bank ever failed?

There is no failure record for FDIC certificate #13020 in the FDIC failed bank list.

How many branches does First Exchange Bank have?

7 offices as of the latest FDIC data.

Nearby

Highest-scoring banks and credit unions with branches near White Hall

InstitutionScoreAssetsCapitalProblem loansCompare
Wvu Employees Federal Credit UnionCredit union Morgantown, WV97 out of 100, Very strong$67.8M22.8%0.23%vs
Harrison County Federal Credit UnionCredit union Nutter Fort, WV91 out of 100, Very strong$15.6M18.4%0.14%vs
Marion County School Employees Federal Credit UnionCredit union Fairmont, WV89 out of 100, Very strong$9.9M20.7%0.53%vs
Hope Federal Credit UnionCredit union Bridgeport, WV89 out of 100, Very strong$43.3M19.9%0.38%vs
Citizens Bank of Morgantown, Inc.Bank Morgantown, WV87 out of 100, Very strong$52.6M18.8%0.09%vs
Clear Mountain BankBank Bruceton Mills, WV83 out of 100, Strong$1.0B13.1%0.30%vs