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First National Bank in West Union

West Union, WV · Cert 10045

FDIC · 4 branches

Q4 2019

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, not published for this institution and quartern/a

Basis

Quarter: Q4 2019, the quarter ended December 31, 2019, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

Peer group

No peer standings are published for this institution and quarter.

Peer groups below the disclosure floor are suppressed.

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas.

CallReports · callreports.ai · Board PackageGenerated 2026-10-11

First National Bank in West Union

West Union, WV · Cert 10045

FDIC · 4 branches

Q4 2019

$194.8MAssets
$39.8MLoans
$172.9MDeposits
$18.7MEquity
Loan mix
80%RE $24.2M12%C&I $3.7M7%Consumer $2.2MQ4 2018Q4 2019
Deposit mix
51%Interest-bearing $88.5M49%Noninterest $84.3MQ4 2018Q4 2019

NIM

2.58%Q4 ’172.59%Q4 ’182.65%Q4 ’19+0%+2%

Non-interest income vs. expense

1.81%Q4 ’171.86%Q4 ’182.62%Q4 ’19+2%+31%

Market Position · Parkersburg-Vienna, WV · 2019 SOD (annual) · 0.0% share · #12 of 12 inst. · $0.0B of $1.7B

56.0% Doddridge
10.6% Ritchie
1.0% Harrison
0.0% Wood

Executive Summary

  • Earnings: ROA of 0.35%, down 42 bps year over year; NIM at 2.44%.
  • Asset quality: problem loans at 0.92% of loans (+23 bps YoY), with net charge-offs at 0.08%.
  • Capital: tier 1 leverage ratio of 9.43%, down 134 bps from a year ago.
  • Funding: loans stand at 23.05% of deposits as of Q4 2019.

Financial Results

Return on Assets (YTD, annualized)

0.35%-42 bps YoY

Net Interest Margin (YTD, annualized)

2.44%+5 bps YoY

Efficiency Ratio (YTD, annualized)

87.77%+1,797 bps YoY

Tier 1 Leverage Ratio

9.43%-134 bps YoY

Year to date, annualized, through each quarter.

MetricQ4 2018Q1 2019Q2 2019Q3 2019Q4 2019YoY ΔTrend
Earnings
Return on Assets0.78%0.98%1.01%0.93%0.35%-42 bps
Return on Equity7.91%9.96%9.83%9.05%3.50%-441 bps
Net Interest Margin2.39%2.71%2.79%2.63%2.44%+5 bps
Efficiency Ratio69.80%58.80%58.03%60.10%87.77%+1,797 bps
Non-Interest Burden1.58%1.48%1.50%1.48%2.08%+49 bps
Growth
Asset Growth (YoY)5.62%7.00%6.47%11.26%12.34%+672 bps
Loan Growth (YoY)5.17%13.88%15.31%14.26%3.87%-130 bps
Deposit Growth (YoY)6.68%6.76%4.92%9.64%11.81%+514 bps
Asset Quality
Nonperforming Loans / Loans0.69%0.10%0.49%0.57%0.92%+23 bps
Net Charge-Offs / Loans0.01%0.20%0.13%0.09%0.08%+7 bps
Allowance / Loans0.81%0.71%0.71%0.73%0.78%-3 bps
Allowance Coverage of NPLs1.2x6.8x1.5x1.3x0.9x-0.3x
Capital
Tier 1 Leverage Ratio10.77%10.83%11.09%10.73%9.43%-134 bps
Total Risk-Based Capital28.81%27.96%28.76%27.62%26.43%-238 bps
Equity / Assets9.51%10.10%11.20%10.25%9.61%+9 bps
Liquidity & Funding
Loans / Deposits24.81%27.73%29.66%25.42%23.05%-176 bps
Liquid Assets / Assets2.62%14.79%12.70%24.59%29.88%+2,726 bps
CRE / Total Capitaln/an/an/an/an/an/an/a