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Overview / Commentary
807 Dorsey Street
Gainesville, GA 30501

First Century Bank, National Association (GA) is headquartered in Gainesville and is the 116th largest bank in the state of Georgia. It is also the 3,832nd largest bank in the nation. It was established in 2002 and as of June of 2017, it had grown to 9 employees at 1 location. First Century Bank, National Association (GA) has an A health rating.

Reviews (1)

STAY AWAY FROM THIS BANK

Posted by: Anonymous | Apr 9, 2012

I went through the Costco program and decided to go with this bank because of their low rates low costs, but that was a major mistake. I locked in my rate for my refinance with this bank and gave them every document to get approval through their underwriting department, but they kept asking for more bank statements every month because it was taking them so long to close the loan. My credit score was around 770 my annual income was $200K, but they wanted detailed information about everything and I gave that all to them. But four months went by and they still had not closed my loan in time. I kept emailing the loan officer over and over about when the closing would happen, and he kept telling me this Friday, next Friday, I'll be in touch with you to let you know, etc. When the lock in deadline passed, he told me that I needed to re-lock, but either at a higher rate or pay more money out of pocket to get the same rate. When I agreed to pay some money to get the same 3.875% rate with them paying the other half, he agreed. But then they again weren't able to close within the 15 day lock in period that the loan officer put me in. When I contacted him to find out what was going on, I got an out of office reply, so I emailed his manager, who told me that we were not going to be able to close and that I would need to re-lock and go through underwriting all over again. The worst experience ever!!! Highly recommend that you stay away from this bank.



Health

Health Grade Components

Overall
FDIC Certificate #57123
Year Established2002
Employees9
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD1.11%
Return on Equity - YTD13.69%
Annual Interest Income$2.4MM
Assets and Liabilities
AssetsQ2 2017vs Q2 2016$128.7MM$117.2MM
LoansQ2 2017vs Q2 2016$18.4MM$26.3MM
DepositsQ2 2017vs Q2 2016$117.2MM$106.7MM
Equity CapitalQ2 2017vs Q2 2016$11.0MM$9.9MM
Loan Loss AllowanceQ2 2017vs Q2 2016$472.00K$280.00K
Unbacked Noncurrent LoansQ2 2017vs Q2 2016$0$0
Real Estate OwnedQ2 2017vs Q2 2016$234.00K$572.00K
Rates

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Locations


First Century Bank, National Association (GA) Locations
First Century Bank, National Association807 Dorsey StreetGainesville, GA 30501