My Work
Distressed Note Industry
West Virginia Multifamily Real Estate
Analyzing multifamily real estate loan performance across 36 West Virginia banks
As of Q2 2025, 36 West Virginia banks report multifamily real estate portfolios totaling $2.3B. Non-performing loans in this category total $4.5M — an average NPL ratio of 0.19% — with $923K 30-89 days delinquent, $0 90+ days delinquent, and $4.5M in nonaccrual status. The most distressed lender in this category is FIRST EXCHANGE BANK (WV) with an NPL ratio of 14.92%.
Total Lenders
36
Total Loan Portfolio
$2.3B
Total NPL
$4.5M
Average NPL %
0.19%
Delinquency Breakdown
30-89 Days
$923K
90+ Days
$0
Nonaccrual
$4.5M
Charge-offs
$15K
Banks by NPL Ratio
Distribution of banks by non-performing loan ratio
Top Distressed Banks - Multifamily Real Estate in West Virginia
Highest NPL %| Bank Name | State | Portfolio | NPL | NPL % |
|---|---|---|---|---|
| FIRST EXCHANGE BANK | WV | $17.1M | $2.5M | 14.92% |
| POCA VALLEY BANK, INC., THE | WV | $15.4M | $139K | 0.90% |
| WESBANCO BANK, INC. | WV | $1.6B | $1.8M | 0.11% |
Multifamily Real Estate in Other States
Alabama
Alaska
Arizona
Arkansas
California
Colorado
Connecticut
Delaware
Florida
Georgia
Hawaii
Idaho
Illinois
Indiana
Iowa
Kansas
Kentucky
Louisiana
Maine
Maryland
Massachusetts
Michigan
Minnesota
Mississippi
Missouri
Montana
Nebraska
Nevada
New Hampshire
New Jersey
New Mexico
New York
North Carolina
North Dakota
Ohio
Oklahoma
Oregon
Pennsylvania
Rhode Island
South Carolina
South Dakota
Tennessee
Texas
Utah
Vermont
Virginia
Washington
Wisconsin
Wyoming
District of Columbia
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