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

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
    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
  • NoIDNameAddressEstablishedService TypeMap
    01120First Century Bank1780 North Broad Street, Tazewell, TN 37879October 10, 1899Full Service Brick and Mortar
    1190005New Tazewell Branch301 North Broad Street, New Tazewell, TN 37825December 04, 1972Full Service Brick and Mortar
    2190006Drive-Up Facility1771 North Broad St, Tazewell, TN 37879April 13, 1979Limited Service Facility
    3190007Harrogate Branch6946 Cumberland Gap Parkway, Harrogate, TN 37752January 24, 1983Full Service Brick and Mortar
    4190008Maynardville Branch2969 Maynardville Hwy, Maynardville, TN 37807April 25, 1988Full Service Brick and Mortar
    5190009Sneedville Branch108 Main Street, Sneedville, TN 37869Febuary 21, 1989Full Service Brick and Mortar
    7190010Financial Service Center951 North Broard Street, New Tazewell, TN 37825October 01, 1996Limited Service Loan Production
    8190011Powell Branch600 East Emory, Powell, TN 37849March 16, 1998Full Service Brick and Mortar
    9457625Knoxville Branch7051 Strawberry Plains Pike, Knoxville, TN 37914October 02, 2006Full Service Brick and Mortar

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