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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