First Century Bank, National Association - Overview
General
FDIC Certificate #: 57123 Status: Active Federal Reserve ID: 2997748 Bank Holding Company (Regulatory Top Holder): First Century Bancorp. (RSSDID: 2997739, Location: Gainesville, GA) Date Established: March 25, 2002 WWW:http://www.myfirstcenturybank.com Trust Powers Granted: No Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC) Offices: 1 (Domestic: 1, Interstate: No) FDIC's unique #: 358075 Numeric code: 3 Regulator: OCC 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: No Subchapter S Corporations: No Asset Concentration Hierarchy: Mortgage Lending Specialization Date of Deposit Insurance: March 25, 2002 Last Structure Change Effective Date: September 25, 2007 Last Structure Change Process Date: October 25, 2007 Last Data Update: October 25, 2007 Data Source Date: April 05, 2012
Location
Address: 807 Dorsey Street, Gainesville, GA 30501 County: Hall Quarterly Banking Profile Region: Atlanta FDIC Geographic Region: Atlanta FDIC Supervisory Region: Atlanta FDIC Field Office: Atlanta Office of the Comptroller the Currency (OCC) District: Southwest Office of Thrift Supervision Region: Southeast Combined Statistical Area (CSA): Atlanta-Sandy Springs-Gainesville, GA-AL (#122) Core Based Statistical Area (CBSA): Gainesville, GA (#23580) CBSA Metro Statistical Area: Gainesville, GA (#23580)
History of Changes
Corrections
Name Change
Financial Summary
Total assets: $69.3 mil Equity capital: $6.7 mil Deposits held in domestic offices: $56.8 mil Return on assets (ROA): 0.03% ($0.0 mil) Quarterly return on assets: 2.69% ($1.9 mil) Return on Equity (ROE): 0.37% ($0.0 mil) Quarterly return on equity: 27.95% ($2.0 mil) Net income: $0.0 mil Quarterly Net income: $0.5 mil Pretax return on assets: 0.03% ($20.8 mil) Quarterly Pretax return on assets: 2.69% ($1,863.9 mil)
2000 - 2011 Historical total assets, liabilities and capital ($ 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
60Total employees (full-time equivalent)
$69,289Total assets
$2,147Cash and due from depository institutions
$1,866Interest-bearing balances
$15,028Securities
$0Federal funds sold & reverse repurchase agreements
$46,815Net loans & leases
$461Loan loss allowance
$0Trading account assets
$3,160Bank premises and fixed assets
$747Other real estate owned
$0Goodwill and other intangibles
$69,289Life insurance assets
$1,392All other assets
$62,631Total liabilities and capital
$56,750Total liabilities
$51,423Total deposits
$56,750Interest-bearing deposits
$96Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$5,000Trading liabilities
$0Other borrowed funds
$881Subordinated debt
$6,658All other liabilities
$6,658Total equity capital
$6,658Total bank equity capital
$0Perpetual preferred stock
$3,000Common stock
$12,471Surplus
$-8,813Undivided profits
Memoranda
$0Noncurrent loans and leases
$20,129Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$2,020Income earned, not collected on loans
$0Earning assets
$185Long-term assets (5+ years)
$63,709Average Assets, year-to-date
$14,037Average Assets, quarterly
$69,449Volatile liabilities
$67,812Insider loans
$44,036FHLB advances
$64,564Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$6,346Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$1,148Restructured Loans and leases
$106Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$3,198Total interest income
$720Total interest expense
$2,478Net interest income
$211Provision for loan and lease losses
$4,502Total noninterest income
$0Fiduciary activities
$19Service charges on deposit accounts
$0Trading account gains & fees
$4,483Additional noninterest income
$6,803Total noninterest expense
$3,543Salaries and employee benefits
$542Premises and equipment expense
$2,718Additional noninterest expense
-$34Pre-tax net operating income
$57Securities gains (losses)
$0Applicable income taxes
$23Income before extraordinary items
$0Extraordinary gains - net
$23Net income attributable to bank
$0Net charge-offs
$23Cash dividends
$228Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
4.99%Yield on earning assets
1.12%Cost of funding earning assets
3.87%Net interest margin
7.02%Noninterest income to earning assets
10.62%Noninterest expense to earning assets
-0.05%Net operating income to assets
0.03%Return on assets (ROA)
0.03%Pretax return on assets
0.37%Return on equity (ROE)
0.37%Retained earnings to average equity (YTD only)
0.57%Net charge-offs to loans
92.54%Credit loss provision to net charge-offs
0.78%Efficiency ratio
97,464Assets per employee
1.15%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
0.98%Loss allowance to noncurrent loans
22.82%Noncurrent assets plus other real estate owned to assets
3.99%Noncurrent loans to loans
4.27%Net loans and leases to deposits
82.49%Net loans and leases to core deposits
84.68%Equity capital to assets
9.61%Core capital (leverage) ratio
9.83%Tier 1 risk-based capital ratio
14.41%Total risk-based capital ratio
Memoranda
$15Average assets
$69,449Average earning assets
$6,291Average equity
$64,088Average loans
List of branches
1 Georgia Branch as of April 05, 2012
No
ID
Name
Address
Established
Service Type
Map
0
358075
First Century Bank, National Association
807 Dorsey Street, Gainesville, GA 30501
March 25, 2002
Full Service Brick and Mortar
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