Commercial Real Estate Credit —
Charleston, WV

Monthly metro unemployment (BLS LAUS) — the freshest labor signal there is, about six weeks behind. Read the direction, not the level: a 4% metro that is rising and a 6% metro that is falling are not telling you the same thing.

Annual employment by sector (BLS QCEW, 2024; 81,309 jobs in the metro). QCEW lags — it is the structural read, not the current one, and we pair it with the monthly unemployment above on purpose. Office-using sums five supersectors; where BLS withholds any one of them for disclosure, we show nothing rather than a number we know is too low — so a missing sector here means “suppressed at the source,” not “zero.”

Too few loans here are distressed for a quarterly rate to be a rate, so no direction is stated. The quarters that can be read are shown below.

Same definition as the cards above — distressed means in special servicing or 60+ days delinquent, dollar-weighted — on a different clock. The cards are today’s tape; this is the disclosed history panel, quarter by quarter, so you can read direction rather than level. Trusts file monthly, so a quarter is usually well covered within weeks of opening and the newest one shown is normally the current one; it is withheld only when its filed book falls below 60% of recent quarters.

Share of the metro’s CMBS in special servicing or 60+ days delinquent, by quarter — a firmer, backward-looking read. A loan under 1.0x DSCR that is still paying is not counted here.

$65M of CMBS matures here within two years. The 4 regional and local banks that gather deposits here could write roughly $157M more CRE before the 300% supervisory line, so the maturing balance is 0.41× that room. The median metro sits at 0.13×.

The room above is already part-sold. Construction lending is a promise drawn down over two or three years, and the undrawn part is an obligation the bank cannot decline while the borrower performs — every one of those dollars lands in the same CRE book the 300% line governs. These banks have $19M of construction committed and not yet advanced, of which $19M comes out of the room above, leaving $137M.

Counted — 4 regional & local CRE lenders

Not counted — 11 banks with deposits here

These hold deposits in this metro but are left out of the capacity above, because for them deposit location stops indicating where they lend — or they do not lend CRE at all. Real money that could refinance here is deliberately not counted.

no CRE book — CRE under 100% of capital — not a CRE lender

Truist Bank NC · Jpmorgan Chase Bank, National Association OH · The Huntington National Bank OH · Clay County Bank, Inc. WV · Fifth Third Bank, National Association OH · Whitesville State Bank WV

national — operates in more than 5 states, so deposits stop indicating where it lends

Peoples Bank OH · Wesbanco Bank, Inc. WV · United Bank VA · Woodforest National Bank TX · Burke & Herbert Bank & Trust Company VA

* Two ratios, two perimeters. The large figure is supervisory CRE over total risk-based capital — construction, multifamily and non-owner-occupied nonfarm nonresidential. That is the book SR 06-26 draws its 300% line against, and it is what the red coloring and the room contributed are both measured on. Total beneath it adds owner-occupied CRE — lending to a business on its own premises — which the guidance deliberately leaves out. A bank can sit well above 300% on total CRE and still be inside the line, with real room to lend; both are shown so the gap is visible rather than surprising.

How to read this. It is not whether any particular loan can refinance — a borrower also reaches national banks, life companies, agencies and debt funds. It is how much of this metro’s maturing volume the local bank sector could absorb if it were the only door. Banks are placed by deposit share (FDIC Summary of Deposits, June 2026) — a proxy for where they lend, not a measurement; call reports carry no collateral geography. Room = 3× total risk-based capital less CRE held (SR 06-26, the capital base the rule names — not book equity), from Q2 2026 call reports, apportioned by that share. Committed construction comes from FFIEC Schedule RC-L as filed at 2026-06-30 — the undrawn half of loans already written, which the balance sheet above does not show. Banks in more than 5 states, single-branch bookers and banks that do not lend CRE are excluded — 315 banks holding $263.8B of national capacity not counted here.

* Two ratios, two perimeters. The large figure is supervisory CRE over total risk-based capital — construction, multifamily and non-owner-occupied nonfarm nonresidential. That is the book SR 06-26 draws its 300% line against, and it is what the red coloring and the room contributed are both measured on. Total beneath it adds owner-occupied CRE — lending to a business on its own premises — which the guidance deliberately leaves out. A bank can sit well above 300% on total CRE and still be inside the line, with real room to lend; both are shown so the gap is visible rather than surprising.

Banks are matched to their HQ metro (a proxy for footprint). Noncurrent CRE = CRE-balance-weighted blend of multifamily / nonresidential / construction noncurrent (distress already arrived). Early Warning is a validated leading signal — the bank’s 30-89 early-delinquency rank among all CRE lenders this quarter, which has predicted ~2.3× forward CRE distress. Per-bank flags are on a plan.