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1st Century Bank, National Association

1st Century Bank, National Association
Overview / Commentary
1875 Century Park East, Suite 1400
Los Angeles, CA 90067

1st Century Bank, National Association is headquartered in Los Angeles and is the 78th largest bank in the state of California. It is also the 1,210st largest bank in the nation. It was established in 2004 and as of March of 2014, it had grown to 66 employees at 1 location. 1st Century Bank, National Association has a A+ health rating.

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Health

Data for Q1 2014

Institution Health

A+

Texas Ratio

GRADE:
A+

The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 1st Century Bank, National Association had $876,000 in non-current loans and owned real-estate with $61.3 million in equity and loan loss allowances on hand to cover it. This gives 1st Century Bank, National Association a Texas Ratio of 1.43% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
B+

The Texas Ratio for 1st Century Bank, National Association decreased slightly from 1.80% as of March 31, 2013 to 1.43% as of March 31, 2014, resulting in a positive change of 20.40%.This indicates that the balance sheet and financial strength for 1st Century Bank, National Association has improved slightly in recent periods.

Deposit Growth

GRADE:
A+

In the past year, 1st Century Bank, National Association has increased its total deposits by $55.7 million, resulting in 13.4% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth 1st Century Bank, National Association has shown is excellent.

Capitalization

GRADE:
A

Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. 1st Century Bank, National Association has $554.75 million in assets with $61.3 million in equity, resulting in a capitalization level of 11.05%, which is excellent.

Institution Statistics

Overall
FDIC Certificate #57657
Year Established2004
Employees66
Primary RegulatorOCC
Assets and Liabilities
Assets$554.75 million
Loans$368.81 million
Deposits$471.38 million
Equity Capital$54.05 million
Loan Loss Allowance$7.25 million
Unbacked Noncurrent Loans$786,000
Real Estate Owned$90,000
Historic Data - March 2013
Assets$493.39 million
Equity Capital$49.47 million
Loan Loss Allowance$6.62 million
Unbacked Noncurrent Loans$786,000
Real Estate Owned$90,000
Profit Margin - Quarterly
Return on Assets0.31%
Return on Equity3.18%
Interest Income$4.54 million
Rates

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Locations


1st Century Bank, National Association Locations
1st Century Bank, National Association1875 Century Park East, Suite 1400Los Angeles, CA 90067