The First National Bank of Williamson

Headquarters

68 E. 2nd Avenue
Williamson, WV 25661
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.10% 1.60% →
1-Year CD 0.20% 1.55% →
2-Year CD 0.30% 1.45% →
5-Year CD 0.80% 1.66% →
30-Year Mortgage N.A. 3.08% →
15-Year Mortgage N.A. 2.65% →
HELOC N.A. 2.77% →

2020 Overview

General Bank Information

The First National Bank of Williamson is an FDIC insured institution located in Williamson, WV. It was founded in 1903 and has approximately $0.09 billion in assets. Customers can open an account at one of its 3 branches.

FDIC Insured Yes
FDIC Certificate # 6805
Date Established 1903
Assets $ 87.34 million
Loans $ 68.03 million
Deposits $ 77.48 million
Capital $ 8.96 million
 

For a more detailed analysis of The First National Bank of Williamson's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Deposit Rates - June 1, 2020

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates APY MIN MAX
Savings
0.10% $100 - Learn More
Money Market
0.10% $1 $24,999 Learn More
Money Market
0.20% $25,000 $49,999 Learn More
CD Rates APY MIN MAX
3 Mo CD
0.05% $500 - Learn More
6 Mo CD
0.10% $500 - Learn More
12 Mo CD
0.20% $500 - Learn More
Special: 13 Mo CD
1.71% $500 $99,999 Learn More
Special: 13 Mo CD
1.76% $100,000 - Learn More
18 Mo CD
0.25% $500 - Learn More
24 Mo CD
0.30% $500 - Learn More
Special: 30 Mo CD
2.00% $500 $99,999 Learn More
30 Mo CD
2.00% $500 $99,999 Learn More
30 Mo CD
2.10% $100,000 - Learn More
36 Mo CD
0.50% $500 - Learn More
48 Mo CD
0.60% $500 - Learn More
60 Mo CD
0.80% $500 - Learn More

Fixed IRA Rates APY MIN MAX
Fixed IRA
0.20% $500 $99,999 Learn MoreShow Less
Special: 13 Mo FIRA
1.71% $500 $99,999 Learn MoreShow Less
Special: 13 Mo FIRA
1.76% $100,000 - Learn MoreShow Less
Special: 30 Mo FIRA
2.00% $500 $99,999 Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.05% $1,000 - Learn MoreShow Less

Loan Rates - June 1, 2020

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for The First National Bank of Williamson

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:




Featured - Virginia 30 Year Fixed Mortgage Rates 2020

Featured - Virginia Home Equity Line Of Credit Rates 2020

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
Quicken Loans NMLS #3030
NMLS ID: 3030
3.998% 3.875% 1.00 $3,750 $1,176 Learn More
Rocket Mortgage
NMLS ID: 3030
3.872% 3.750% 1.00 $3,750 $1,158 Learn More

Note to The First National Bank of Williamson
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Branches

The First National Bank of Williamson branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Ashburn,Virginia


The First National Bank of Williamson Locations


Financial Details

The First National Bank of Williamson Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of The First National Bank of Williamson. The data is provided by the FDIC. All banks listed on BestCashCow.com are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loans
Third Federal Savings and Loans
2.990 %
$0 Learn More
More Info
The First National Bank of Williamson U.S. Bank Average
6.64% 6.51%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.

As of December 31, 2019, The First National Bank of Williamson had $424,000 in non-current loans and $229,000 in owned real estate. To cover these potential losses it had $8,962,000 in equity and $865,000 in loans loss reserves. That gives it a Texas Ratio of 6.64%.

Return on Equity
The First National Bank of Williamson U.S. Bank Average
6.46% 9.41%

The First National Bank of Williamson has a Return on Equity of 6.46% versus the BestCashCow average of 9.41%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.

Capitalization
The First National Bank of Williamson U.S. Bank Average
10.26% 12.82%

The First National Bank of Williamson has a Capitalization of 10.26% versus the BestCashCow average of 12.82. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.

The First National Bank of Williamson Balance Sheet Analysis

As of December 31, 2019, The First National Bank of Williamson had assets of $87,342,000, loans of $68,028,000, and deposits of $77,478,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.

Summary Balance Sheet

December 31, 2019
ASSETS
Cash & Balances due from depository institutions $ 7.12 million
Interest-bearing balances $ 5.64 million
Total securities $ 10.91 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 68.03 million
Loan loss allowance $ 0.87 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.23 million
Goodwill and other intangibles N.A.
All other assets $ 0.68 million
     Total Assets $ 78.38 million
LIABILITIES
Total deposits $ 77.48 million
      Interest-bearing deposits $ 61.07 million
      Deposits held in domestic offices $ 77.48 million
      % insured (estimated) 87.22%
Federal funds purchased and repurchase agreements $ 0.37 million
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 0.53 million
      Total Liabilities $ 78.38 million
      Shareholders’ Equity $ 8.96 million

Summary Income Statement

December 31, 2019
INCOME AND EXPENSES
Total Interest Income $ 4.24 million
Total Interest Expense $ 0.74 million
Net interest income $ 3.49 million
Provision for loan and lease losses $ 0.31 million
Total non interest income $ 1.27 million
Total non interest expense $ 3.90 million
Pre-tax Net Operating Income $ 0.56 million

Bank Loan Profile?

The top three loan types in The First National Bank of Williamson’s loan portfolio are 1-4 Family Residential Loans, Commercial Real Estate, and Small Business Loans.

Compared to other banks in West Virginia, The First National Bank of Williamson has a significantly higher percent of Small Business Loans on its balance sheet, potentially indicating a specialty in that lending area.

Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 48.76
Multifamily
Mortgages
2.88
Credit Card Loans 0.00
Consumer Auto Loans 3.17
Small Business Loans 25.39
Construction and Development Loans 0.15
Commercial Real Estate 32.01
Commercial and Industrial Loans 7.17
Farm Loans 0.00

Frequently Asked Questions About The First National Bank Of Williamson

Branches and Savings

Is The First National Bank Of Williamson FDIC insured?

Yes. It is covered under FDIC Certificate #6805.

Why does The First National Bank Of Williamson pay such low interest on savings accounts?

See the best online savings rates here. See the best local savings rates here.

Why are The First National Bank Of Williamson CD rates not competitive?

See the best online CD rates here. See the best local CD rates here.

Is The First National Bank Of Williamson a commercial bank?

Yes

Where are The First National Bank Of Williamson locations?

See branch locations nearby.

Is The First National Bank Of Williamson open on Saturdays?

Is The First National Bank Of Williamson open on Sundays?

What time does The First National Bank Of Williamson open?

What time does The First National Bank Of Williamson close?

Are The First National Bank Of Williamson ATMs Open 24/7?

Do The First National Bank Of Williamson ATMs accept cash deposits?

Can The First National Bank Of Williamson customers use other ATMs?

Do The First National Bank Of Williamson branches have notaries?

Will The First National Bank Of Williamson notarize my document?

What address for The First National Bank Of Williamson should I put for incoming ACH transfers?

Will the The First National Bank Of Williamson branch print checks?

Do The First National Bank Of Williamson checks expire?

Does The First National Bank Of Williamson require US citizenship to open account?

Can The First National Bank Of Williamson close my account?

Does The First National Bank Of Williamson Report to credit bureaus?

Does The First National Bank Of Williamson Use Equifax?

What is The First National Bank Of Williamson's ACH Routing Number?

What is The First National Bank Of Williamson's SWIFT code?

Products

Does The First National Bank Of Williamson offer mortgages?

Compare mortgage rates here.

Does The First National Bank Of Williamson offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does The First National Bank Of Williamson offer personal loans?

Compare personal loan rates here.

Does The First National Bank Of Williamson offer student loans?

Will The First National Bank Of Williamson cash a check?

Will The First National Bank Of Williamson redeem a savings bond?

Does The First National Bank Of Williamson cash savings bonds?

Will The First National Bank Of Williamson cash money orders?

Can The First National Bank Of Williamson issue a money order?

Does The First National Bank Of Williamson do currency exchange?

Background on The Bank

Who owns The First National Bank Of Williamson?

How long has The First National Bank Of Williamson been around?

Can The First National Bank Of Williamson transfer to other banks?

Does The First National Bank Of Williamson have quick pay?

Does The First National Bank Of Williamson accept rolled coins?

Will The First National Bank Of Williamson accept loose change?

Where is The First National Bank Of Williamson headquarters?

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