First Century Bank in Wytheville, Virginia (VA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of May 07, 1999

First Century Bank in Wytheville, Virginia (VA)
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First Century Bank - Overview

General
FDIC 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
Location
Address: 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 Summary
Total 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
14Total employees (full-time equivalent)
$38,362Total assets
$1,741Cash and due from depository institutions
$0Interest-bearing balances
$6,054Securities
$1,235Federal funds sold & reverse repurchase agreements
$27,012Net loans & leases
$337Loan loss allowance
$0Trading account assets
$1,883Bank premises and fixed assets
$0Other real estate owned
$65Goodwill and other intangibles
$0Life insurance assets
$372All other assets
$38,362Total liabilities and capital
$34,646Total liabilities
$33,478Total deposits
$28,481Interest-bearing deposits
$33,478Deposits held in domestic offices
0.00%% insured (estimated)
$1,099Federal funds purchased & repurchase agreements
$0Trading liabilities
$3Other borrowed funds
$0Subordinated debt
$66All other liabilities
$3,716Total equity capital
$3,716Total bank equity capital
$3,716Perpetual preferred stock
$0Common stock
$1,500Surplus
$750Undivided profits
Memoranda
$1,466Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$95Earning assets
$0Long-term assets (5+ years)
$154Average Assets, year-to-date
$34,301Average Assets, quarterly
$2,797Volatile liabilities
$37,928Insider loans
$37,760FHLB advances
$5,723Loans and leases held for sale
$801Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$2,739Total unused commitments
$0Restructured Loans and leases
$28,149Derivatives

Income and Expense (December 31, 1998)

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

Performance and Condition Ratios (December 31, 1998)

Dollar figures in thousands
Performance Ratios (%, annualized)
8.46%Yield on earning assets
3.67%Cost of funding earning assets
4.79%Net interest margin
0.51%Noninterest income to earning assets
3.49%Noninterest expense to earning assets
1.02%Net operating income to assets
1.02%Return on assets (ROA)
1.55%Pretax return on assets
10.94%Return on equity (ROE)
10.94%Retained earnings to average equity (YTD only)
0.04%Net charge-offs to loans
254.55%Credit loss provision to net charge-offs
56.09%Efficiency ratio
64,464Assets per employee
2.74%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.23%Loss allowance to noncurrent loans
354.74%Noncurrent assets plus other real estate owned to assets
0.25%Noncurrent loans to loans
0.35%Net loans and leases to deposits
80.69%Net loans and leases to core deposits
93.61%Equity capital to assets
9.69%Core capital (leverage) ratio
9.62%Tier 1 risk-based capital ratio
12.85%Total risk-based capital ratio
Memoranda
$14Average assets
$37,928Average earning assets
$3,518Average equity
$33,971Average loans

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