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First State Bank, The

Barboursville, WV · Cert 14361

FDIC · 4 branches

Q1 2020

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: Q1 2020, the quarter ended March 31, 2020, 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 State Bank, The

Barboursville, WV · Cert 14361

FDIC · 4 branches

Q1 2020

$151.8MAssets
$87.5MLoans
$143.1MDeposits
$858KEquity
Loan mix
78%RE $65.6M19%C&I $15.7M4%Consumer $3.0MQ1 2019Q1 2020
Deposit mix
86%Interest-bearing $122.7M14%Noninterest $20.4MQ1 2019Q1 2020

NIM

3.86%Q1 ’183.81%Q1 ’193.30%Q1 ’20-7%-38%

Non-interest income vs. expense

7.25%Q1 ’186.07%Q1 ’196.68%Q1 ’20-17%+27%

Market Position · Huntington-Ashland, WV-KY-OH · 2019 SOD (annual) · 2.2% share · #18 of 27 inst. · $0.1B of $6.0B

5.1% Cabell
1.1% Putnam

Executive Summary

  • Earnings: ROA of -4.06%, down 222 bps year over year; NIM at 1.78%.
  • Asset quality: problem loans at 26.72% of loans (+691 bps YoY), with net recoveries of 0.10%.
  • Capital: tier 1 leverage ratio of 0.33%, down 240 bps from a year ago.
  • Funding: loans stand at 61.14% of deposits as of Q1 2020.

Financial Results

Return on Assets (YTD, annualized)

-4.06%-222 bps YoY

Net Interest Margin (YTD, annualized)

1.78%-108 bps YoY

Efficiency Ratio (YTD, annualized)

249%+11,006 bps YoY

Tier 1 Leverage Ratio

0.33%-240 bps YoY

Year to date, annualized, through each quarter.

MetricQ1 2019Q2 2019Q3 2019Q4 2019Q1 2020YoY ΔTrend
Earnings
Return on Assets-1.84%-2.28%-1.90%-2.40%-4.06%-222 bps
Return on Equity-69.38%-87.31%-74.74%-103.60%-407%-33,733 bps
Net Interest Margin2.86%2.84%2.57%2.41%1.78%-108 bps
Efficiency Ratio139.12%153.70%146.95%160.58%249%+11,006 bps
Non-Interest Burden4.57%5.11%4.42%4.74%5.78%+121 bps
Growth
Asset Growth (YoY)-14.35%-7.11%-2.11%-1.77%1.72%+1,607 bps
Loan Growth (YoY)-14.07%-8.81%-11.11%-11.26%-13.51%+55 bps
Deposit Growth (YoY)-14.53%-4.82%2.48%8.78%17.54%+3,207 bps
Asset Quality
Nonperforming Loans / Loans19.81%19.06%20.57%24.13%26.72%+691 bps
Net Charge-Offs / Loans0.41%0.47%0.41%-0.02%-0.10%-51 bps
Allowance / Loans1.63%1.51%1.51%1.90%2.04%+41 bps
Allowance Coverage of NPLs0.1x0.1x0.1x0.1x0.1x0.0x
Capital
Tier 1 Leverage Ratio2.74%2.59%2.28%1.30%0.33%-240 bps
Total Risk-Based Capital4.77%4.53%4.22%2.99%1.70%-307 bps
Equity / Assets2.73%2.53%2.34%1.43%0.57%-217 bps
Liquidity & Funding
Loans / Deposits83.09%76.68%70.71%66.51%61.14%-2,195 bps
Liquid Assets / Assets4.75%9.68%12.32%11.50%14.76%+1,001 bps
CRE / Total Capitaln/an/an/an/an/an/an/a