First Century Bank in Wytheville, Virginia (VA)

Show street view No street view available for this location
Table of contents:
First Century Bank
GeneralFDIC Certificate #: 33414
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: First Century Bank, Inc. (#6750)
Federal Reserve ID: 1863565
Date Established: May 24, 1991
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 2 (Interstate: No)
FDIC's unique #: 47074
Numeric code: 21
Regulator: FDIC
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
State Chartered: Yes
Date of Deposit Insurance: May 24, 1991
Last Structure Change Effective Date: May 07, 1999
Last Structure Change Process Date: June 04, 1999
Last Data Update: June 04, 1999
Data Source Date: April 05, 2012
LocationAddress: 200 Peppers Ferry Road, Wytheville, VA 24382
County: Wythe
Quarterly Banking Profile Region: Atlanta
FDIC Geographic Region: Atlanta
FDIC Supervisory Region: Atlanta
FDIC Field Office: Richmond
Office of the Comptroller the Currency (OCC) District: Northeast
Office of Thrift Supervision Region: Southeast
Financial SummaryTotal assets: $39.1 mil

1992 - 1999 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, 1998)
(Dollar figures in thousands)
Total employees (full-time equivalent)14
Total assets$38,362
Cash and due from depository institutions$1,741
Interest-bearing balances$0
Federal funds sold & reverse repurchase agreements$1,235
Net loans & leases$27,012
Loan loss allowance $337
Trading account assets$0
Bank premises and fixed assets$1,883
Other real estate owned$0
Goodwill and other intangibles$65
All other assets$372
Life insurance assets$0
Total liabilities and capital$38,362
Total liabilities$34,646
Total deposits$33,478
Interest-bearing deposits$28,481
Deposits held in domestic offices$33,478
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $1,099
Trading liabilities$0
Other borrowed funds $3
Subordinated debt $0
All other liabilities $66
Total equity capital$3,716
Total bank equity capital$3,716
Perpetual preferred stock$3,716
Common stock$0
Undivided profits $750
Noncurrent loans and leases $1,466
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $0
Earning assets $95
Long-term assets (5+ years) $0
Average Assets, year-to-date $154
Average Assets, quarterly $34,301
Volatile liabilities $2,797
Insider loans $37,928
FHLB advances $37,760
Loans and leases held for sale $5,723
Unused loan commitments $801
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $0
Total risk weighted assets $0
Total unused commitments $2,739
Restructured Loans and leases $0
Back to page top, Back to table top

Income and Expense (December 31, 1998)
(Dollar figures in thousands)
Total interest income $2,874
Total interest expense $1,246
Net interest income $1,628
Provision for loan and lease losses $28
Total noninterest income $173
Fiduciary activities $0
Service charges on deposit accounts $105
Trading account gains & fees $0
Additional noninterest income $68
Total noninterest expense $1,184
Salaries and employee benefits $441
Premises and equipment expense $218
Additional noninterest expense $525
Pre-tax net operating income $589
Securities gains (losses) $0
Applicable income taxes $204
Income before extraordinary items $385
Extraordinary gains - net $0
Net income attributable to bank $385
Net charge-offs $0
Cash dividends $0
Sale, conversion, retirement of capital stock, net $11
Net operating income $0
Back to page top, Back to table top

Performance and Condition Ratios (December 31, 1998)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets8.46%
Cost of funding earning assets 3.67%
Net interest margin 4.79%
Noninterest income to earning assets 0.51%
Noninterest expense to earning assets 3.49%
Net operating income to assets 1.02%
Return on assets (ROA) 1.02%
Pretax return on assets 1.55%
Return on equity (ROE) 10.94%
Retained earnings to average equity (YTD only) 10.94%
Net charge-offs to loans 0.04%
Credit loss provision to net charge-offs 254.55%
Efficiency ratio56.09%
Assets per employee$64,464
Cash dividends to net income (YTD only)2.74%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 1.23%
Noncurrent assets plus other real estate owned to assets 354.74%
Noncurrent loans to loans 0.25%
Net loans and leases to deposits0.35%
Net loans and leases to core deposits 80.69%
Equity capital to assets 93.61%
Core capital (leverage) ratio 9.69%
Tier 1 risk-based capital ratio 9.62%
Total risk-based capital ratio 12.85%
Average assets$14
Average earning assets$37,928
Average equity $3,518
Average loans $33,971
Back to page top, Back to table top

User Contributions:

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


This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with First Century Bank.
Based on public records. Inadvertent errors are possible. does not guarantee the accuracy or timeliness of any information on this site.  Use at your own risk.