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Overview / Commentary
500 Federal Street
Bluefield, WV 24701

First Century Bank, National Association is headquartered in Bluefield and is the 11st largest bank in the state of West Virginia. It is also the 1,641st largest bank in the nation. It was established in 1891 and as of March of 2014, it had grown to 150 employees at 11 locations. First Century Bank, National Association has a B health rating.

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Health

Data for Q1 2014

Institution Health

B

Texas Ratio

GRADE:
C+

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 First Century Bank, National Association had $12 million in non-current loans and owned real-estate with $46.14 million in equity and loan loss allowances on hand to cover it. This gives First Century Bank, National Association a Texas Ratio of 26.02% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
C+

The Texas Ratio for First Century Bank, National Association experienced no significant changes from 28.72% as of March 31, 2013 to 26.02% as of March 31, 2014, resulting in a positive change of 9.40%.This indicates that the balance sheet and financial strength for First Century Bank, National Association has had no significant changes in recent periods.

Deposit Growth

GRADE:
C+

In the past year, First Century Bank, National Association has decreased its total deposits by -$1.64 million, resulting in -0.46% 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 First Century Bank, National Association has shown is average.

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. First Century Bank, National Association has $409.31 million in assets with $46.14 million in equity, resulting in a capitalization level of 11.27%, which is excellent.

Institution Statistics

Overall
FDIC Certificate #6750
Year Established1891
Employees150
Primary RegulatorFED
Assets and Liabilities
Assets$409.31 million
Loans$234.22 million
Deposits$355.49 million
Equity Capital$42.32 million
Loan Loss Allowance$3.82 million
Unbacked Noncurrent Loans$3.23 million
Real Estate Owned$8.78 million
Historic Data - March 2013
Assets$418.72 million
Equity Capital$41.00 million
Loan Loss Allowance$4.76 million
Unbacked Noncurrent Loans$3.23 million
Real Estate Owned$4.41 million
Profit Margin - Quarterly
Net Interest Margin3.36%
Return on Assets0.67%
Return on Equity6.57%
Interest Income$3.40 million
Rates

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Locations

First Century Bank, National Association has 12 locations. Click to view all First Century Bank, National Association locations.