Applications / Mortgage Analytics / Lenders / West Virginia / First Exchange Bank
White Hall, WV · State non-member bank · FDIC · $376 million assets · 102 loans in 2025
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102
loans originated, 2025
222
applications, 2025
2
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
First Exchange Bank is a manufactured-home lender: 30.4% of its 102 loans in 2025 financed manufactured homes, against 3.2% at similar banks.
Its manufactured-home share was higher than at nearly all similar lenders (state non-member banks making between half and twice as many loans). Purchases were 70.6% of its loans, all conventional. Its typical loan, $165,000, was close to the $175,000 at its peers.
It made 201 loans in 2023, then 93 in 2024 and 102 in 2025. The 10% rise last year was in line with similar lenders and the whole market. But the count remains well below the 185 of 2022, and the data do not show why it dropped.
It ranked 19 of 173 lenders in Morgantown, with a 1.6% share against 1.4% a year earlier, and 31 of 299 in non-metro West Virginia. It has served both since 2004. Clear Mountain Bank leads Morgantown.
11.9% of its loans were in low- and moderate-income (LMI) neighborhoods, against 18.3% at similar lenders, and 22.2% went to LMI borrowers, against 27.4%. Both may reflect where it lends, much of it in rural West Virginia. Its LMI-area share has risen from 9.2% five years earlier.
Similar lenders: same lender type, originations between half and twice the lender's in the data year. Written from the 2025 HMDA data and checked figure by figure against it.
FIG. 1 — LOANS ORIGINATED, 2018–2025
Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. First Exchange Bank took 222 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Purchase 70.6% · Refinance 21.6% · Other 4.9% · Home improvement 2.9%
Conventional 100.0% · of 102 loans. Purchase: buying a home. Refinance: replacing an existing mortgage, including cash-out. FHA: insured by the Federal Housing Administration. VA: guaranteed by the Department of Veterans Affairs. Conventional: neither.
SOURCE: FFIEC HMDA 2025, LOANS ORIGINATED
Where it lends, 2025
| State | Loans | Share |
|---|---|---|
| West Virginia | 98 | 96.1% |
| Pennsylvania | 4 | 3.9% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Morgantown | 26 |
| Pittsburgh | 3 |
| Wheeling | 1 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 549300ZOW5Z4AZ36M223 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 170332 | 2004–2023 |
| Respondent ID (the HMDA filer code before 2018) | 313020 | 2004–2017 |
Established 27 June 1932. Reported under HMDA 2004-2025.
Mergers, name changes, data editions and corrections: First Exchange Bank's data.
First Exchange Bank's data
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