First Century Bank, National Association in Gainesville, Georgia (GA)
Overview, Financial Summary, Detailed Financial Reports, Branches

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
    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
  • NoIDNameAddressEstablishedService TypeMap
    0358075First Century Bank, National Association807 Dorsey Street, Gainesville, GA 30501March 25, 2002Full Service Brick and Mortar

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