First Century Bank in city_name, state_name - Detailed Financial Reports, Location

First Century Bank in Tazewell, Tennessee (TN)
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First Century Bank routing number info

First Century Bank - Overview

General
FDIC Certificate #: 1700
Status: Active
Federal Reserve ID: 999935
Bank Holding Company (Regulatory Top Holder): Claiborne Holding Company, Inc. (RSSDID: 1135646, Location: Tazewell, TN)
Date Established: October 10, 1899
WWW: http://www.fcbtn.com
Trust Powers Granted: No
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 9 (Domestic: 9, Interstate: No)
OTS Docket #: 12840
FDIC's unique #: 1120
Numeric code: 21
Regulator: FDIC
Insurance Fund Membership: Deposit Insurance Fund (DIF)
Insured commercial Banks: Yes
FDIC Insured: Yes
Deposit Insurance Fund member: Yes
Ownership Type: Non-Stock
FFIEC Call Report 31 Filer: No
State Chartered: Yes
Subchapter S Corporations: No
Asset Concentration Hierarchy: Commercial Lending Specialization
Date of Deposit Insurance: January 01, 1934
Last Structure Change Effective Date: August 28, 2007
Last Structure Change Process Date: August 28, 2007
Last Data Update: August 28, 2007
Data Source Date: April 05, 2012
Location
Address: 1780 North Broad Street, Tazewell, TN 37879
County: Claiborne
Quarterly Banking Profile Region: Dallas
FDIC Geographic Region: Dallas
FDIC Supervisory Region: Dallas
FDIC Field Office: Knoxville
Office of the Comptroller the Currency (OCC) District: Southwest
Office of Thrift Supervision Region: Southeast
History of Changes
Change in Location
Financial Summary
Total assets: $255.4 mil
Equity capital: $26.1 mil
Deposits held in domestic offices: $222.1 mil
Return on assets (ROA): -0.22% (-$0.6 mil)
Quarterly return on assets: 0.03% ($0.1 mil)
Return on Equity (ROE): -2.13% (-$0.6 mil)
Quarterly return on equity: 0.29% ($0.1 mil)
Net income: -$0.6 mil
Quarterly Net income: $0.0 mil
Pretax return on assets: -0.54% (-$1,379.4 mil)
Quarterly Pretax return on assets: -0.50% (-$1,277.2 mil)

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2011)

Dollar figures in thousands
94Total employees (full-time equivalent)
$255,445Total assets
$15,434Cash and due from depository institutions
$6,733Interest-bearing balances
$67,832Securities
$1,287Federal funds sold & reverse repurchase agreements
$148,631Net loans & leases
$5,368Loan loss allowance
$0Trading account assets
$6,983Bank premises and fixed assets
$1,993Other real estate owned
$0Goodwill and other intangibles
$255,445Life insurance assets
$13,285All other assets
$229,304Total liabilities and capital
$222,136Total liabilities
$184,983Total deposits
$222,136Interest-bearing deposits
$89Deposits held in domestic offices
772.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$5,000Trading liabilities
$0Other borrowed funds
$1,396Subordinated debt
$26,141All other liabilities
$26,141Total equity capital
$26,141Total bank equity capital
$0Perpetual preferred stock
$100Common stock
$1,000Surplus
$25,041Undivided profits
Memoranda
$0Noncurrent loans and leases
$164Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$5,497Income earned, not collected on loans
$289Earning assets
$1,027Long-term assets (5+ years)
$224,483Average Assets, year-to-date
$63,045Average Assets, quarterly
$258,604Volatile liabilities
$256,144Insider loans
$165,324FHLB advances
$252,501Loans and leases held for sale
$5,875Unused loan commitments
$5,365Tier 1 (core) risk-based capital
$21,664Tier 2 risk-based capital
$0Total risk weighted assets
$510Total unused commitments
$18,354Restructured Loans and leases
$635Derivatives

Income and Expense (December 31, 2011)

Dollar figures in thousands
$11,947Total interest income
$2,395Total interest expense
$9,552Net interest income
$2,892Provision for loan and lease losses
$1,352Total noninterest income
$0Fiduciary activities
$1,102Service charges on deposit accounts
$0Trading account gains & fees
$250Additional noninterest income
$9,385Total noninterest expense
$4,915Salaries and employee benefits
$2,044Premises and equipment expense
$2,426Additional noninterest expense
-$1,373Pre-tax net operating income
-$18Securities gains (losses)
-$829Applicable income taxes
-$562Income before extraordinary items
$0Extraordinary gains - net
-$562Net income attributable to bank
$0Net charge-offs
-$562Cash dividends
$3,605Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 2011)

Dollar figures in thousands
Performance Ratios (%, annualized)
5.38%Yield on earning assets
1.08%Cost of funding earning assets
4.30%Net interest margin
0.61%Noninterest income to earning assets
4.22%Noninterest expense to earning assets
-0.21%Net operating income to assets
-0.22%Return on assets (ROA)
-0.54%Pretax return on assets
-2.13%Return on equity (ROE)
-2.13%Retained earnings to average equity (YTD only)
2.29%Net charge-offs to loans
80.22%Credit loss provision to net charge-offs
0.42%Efficiency ratio
86,069Assets per employee
2.72%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
3.49%Loss allowance to noncurrent loans
97.65%Noncurrent assets plus other real estate owned to assets
2.93%Noncurrent loans to loans
3.57%Net loans and leases to deposits
66.91%Net loans and leases to core deposits
68.61%Equity capital to assets
10.23%Core capital (leverage) ratio
8.58%Tier 1 risk-based capital ratio
13.10%Total risk-based capital ratio
Memoranda
$14Average assets
$258,604Average earning assets
$26,423Average equity
$222,247Average loans

List of branches

9 Tennessee Branches as of April 05, 2012

No	ID	Name	Address	Established	Service Type
0	1120	First Century Bank	1780 North Broad Street, Tazewell, TN 37879	October 10, 1899	Full Service Brick and Mortar
1	190005	New Tazewell Branch	301 North Broad Street, New Tazewell, TN 37825	December 04, 1972	Full Service Brick and Mortar
2	190006	Drive-Up Facility	1771 North Broad St, Tazewell, TN 37879	April 13, 1979	Limited Service Facility
3	190007	Harrogate Branch	6946 Cumberland Gap Parkway, Harrogate, TN 37752	January 24, 1983	Full Service Brick and Mortar
4	190008	Maynardville Branch	2969 Maynardville Hwy, Maynardville, TN 37807	April 25, 1988	Full Service Brick and Mortar
5	190009	Sneedville Branch	108 Main Street, Sneedville, TN 37869	Febuary 21, 1989	Full Service Brick and Mortar
7	190010	Financial Service Center	951 North Broard Street, New Tazewell, TN 37825	October 01, 1996	Limited Service Loan Production
8	190011	Powell Branch	600 East Emory, Powell, TN 37849	March 16, 1998	Full Service Brick and Mortar
9	457625	Knoxville Branch	7051 Strawberry Plains Pike, Knoxville, TN 37914	October 02, 2006	Full Service Brick and Mortar

First Century Bank in Tazewell, Tennessee (TN)
Overview, Financial Summary, Detailed Financial Reports, Branches

First Century Bank - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

List of branches

Comment about this bank, ask questions, or add new information about it:

First Century Bank in Tazewell, Tennessee (TN)Overview, Financial Summary, Detailed Financial Reports, Branches

First Century Bank - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

List of branches

Comment about this bank, ask questions, or add new information about it:

First Century Bank in Tazewell, Tennessee (TN)
Overview, Financial Summary, Detailed Financial Reports, Branches