First Century Bank, National Association (GA) is headquartered in Commerce and is the 34th largest bank in the state of Georgia. It is also the 1,744th largest bank in the nation. It was established in 2002 and as of December of 2020, it had grown to 63 employees at 2 locations. First Century Bank, National Association (GA) has an A health rating.
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.
|FDIC Certificate #||57123|
|Return on Assets - YTD||2.58%|
|Return on Equity - YTD||20.23%|
|Annual Interest Income||$16.5MM|
|Assets and Liabilities|
|Assets||Q4 2020vs Q4 2019||$469.4MM$467.5MM|
|Loans||Q4 2020vs Q4 2019||$51.6MM$32.4MM|
|Deposits||Q4 2020vs Q4 2019||$398.4MM$424.5MM|
|Equity Capital||Q4 2020vs Q4 2019||$69.1MM$40.7MM|
|Loan Loss Allowance||Q4 2020vs Q4 2019||$215.00K$181.00K|
|Unbacked Noncurrent Loans||Q4 2020vs Q4 2019||$141.00K$145.00K|
|Real Estate Owned||Q4 2020vs Q4 2019||$3.8MM$5.4MM|
Sorry, we do not have rate data for First Century Bank, National Association (GA).
|First Century Bank, National Association (GA) Locations|
|First Century Bank, National Association||1731 N. Elm Street||Commerce, GA 30529|