First Exchange Bank: how it compares with its peers
Against 21 WV banks with half to twice its assets, First Exchange Bank's strongest measure in Q2 2026 is assets per employee ($6.1M vs. a $5.4M peer median). Its weakest relative measure is return on assets (0.93% vs. 1.16%).
| Measure | First Exchange Bank | Peer median | Rank |
|---|---|---|---|
| Return on assets Annualized net income over average assets. | 0.93% | 1.16% | Bottom third Ahead of 24% of peers |
| Net interest margin Annualized net interest income over earning assets. | 3.79% | 4.17% | Middle third Ahead of 38% of peers |
| Efficiency ratio Noninterest expense per dollar of revenue. Lower is better. | 70.13% | 64.17% | Bottom third Ahead of 24% of peers |
| Assets per employee Total assets over full-time-equivalent staff. | $6.1M | $5.4M | Top third Ahead of 67% of peers |
| Loans to deposits Net loans and leases over total deposits. | 81.43% | 81.48% | Context |
What it means for lending operations
Its efficiency ratio of 70.13% is above the 64.17% peer median: it spends more to earn each dollar of revenue than most banks its size. Staff time on manual borrower verification (collecting pay stubs, bank statements, and employment letters, then re-keying them) is one of the larger controllable costs behind that number.
Banks closest in size
- Highlands Bank Petersburg, WV · $407M
- The Bank of Romney Romney, WV · $369M
- Logan Bank & Trust Company Logan, WV · $359M
- MCNB Bank and Trust Co. Welch, WV · $357M
- Freedom Bank, Inc. Belington, WV · $430M
- Community Bank of Parkersburg Parkersburg, WV · $340M
Questions about First Exchange Bank
How big is First Exchange Bank?
First Exchange Bank, established in 1932, is headquartered in White Hall, WV. It reported $391M in total assets in its Q2 2026 FDIC call report and operates 7 offices.
What is First Exchange Bank's return on assets?
0.93% annualized in Q2 2026, against a 1.16% median for 21 WV banks with half to twice its assets, ahead of 24% of them.
What is First Exchange Bank's efficiency ratio?
70.13% in Q2 2026: it spent about 70 cents in noninterest expense for each dollar of revenue. The peer median is 64.17%, and lower is better.
Is First Exchange Bank growing its loans?
Net loans shrank 0.6% over the year to Q2 2026, while deposits grew 3.9%.
Sources and method
Figures are from the FDIC’s public call report data for the quarter ending 06/30/2026, via FDIC BankFind. Return on assets and net interest margin are annualized year to date. Peers are WV banks with half to twice its assets in the same quarter, excluding this bank. The page refreshes daily, so new quarters appear as banks file. Compare another bank or see every West Virginia bank ranked.