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Letter portraitLegal landscapeQuarterYTD

First Century Bank, National Association

Bluefield, WV · Cert 6750

FDIC · 12 branches

Q1 2017

$404.8MAssets
$229.0MLoans
$350.0MDeposits
$44.1MEquity
Loan mix
79%RE $148.5M13%C&I $24.1M8%Consumer $14.2MQ1 2016Q1 2017
Deposit mix
81%Interest-bearing $284.0M19%Noninterest $66.1MQ1 2016Q1 2017

NIM

3.29%Q1 ’153.24%Q1 ’163.22%Q1 ’17-2%0%

Non-interest income vs. expense

3.87%Q1 ’153.20%Q1 ’164.82%Q1 ’17-24%+46%

Market Position · Beckley, WV · 2016 SOD (annual) · 0.4% share · #11 of 13 inst. · $0.0B of $1.6B

19.3% Mercer
23.6% Wyoming
42.4% Summers
5.9% Wythe

Executive Summary

  • Earnings: ROA of 0.26%, down 43 bps year over year; NIM at 2.98%.
  • Asset quality: problem loans at 1.28% of loans (+128 bps YoY), with net charge-offs at 0.08%.
  • Capital: tier 1 leverage ratio of 10.25%, down 76 bps from a year ago.
  • Funding: loans stand at 65.41% of deposits as of Q1 2017.

Financial Results

Return on Assets (YTD, annualized)

0.26%-43 bps YoY

Net Interest Margin (YTD, annualized)

2.98%-1 bps YoY

Efficiency Ratio (YTD, annualized)

99.79%+2,267 bps YoY

Tier 1 Leverage Ratio

10.25%-76 bps YoY

Year to date, annualized, through each quarter.

MetricQ1 2016Q2 2016Q3 2016Q4 2016Q1 2017YoY ΔTrend
Earnings
Return on Assets0.69%0.70%0.69%-0.17%0.26%-43 bps
Return on Equity6.37%6.41%6.30%-1.58%2.39%-398 bps
Net Interest Margin3.00%3.01%3.01%3.02%2.98%-1 bps
Efficiency Ratio77.13%75.57%75.00%104.99%99.79%+2,267 bps
Non-Interest Burden2.02%1.96%1.93%3.20%2.95%+93 bps
Growth
Asset Growth (YoY)-0.53%0.91%0.70%-0.52%-1.28%-75 bps
Loan Growth (YoY)-4.07%3.22%3.62%-2.71%-0.13%+394 bps
Deposit Growth (YoY)-0.85%0.00%0.17%-0.98%-0.17%+68 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%1.28%+128 bps
Net Charge-Offs / Loans0.00%0.08%0.15%0.77%0.08%+8 bps
Allowance / Loans1.55%1.46%1.46%1.10%1.09%-46 bps
Allowance Coverage of NPLsn/an/an/an/a0.9xn/an/a
Capital
Tier 1 Leverage Ratio11.01%10.97%11.02%10.26%10.25%-76 bps
Total Risk-Based Capital19.69%19.06%19.19%18.72%18.46%-123 bps
Equity / Assets10.88%10.96%10.91%11.09%10.90%+2 bps
Liquidity & Funding
Loans / Deposits65.38%69.20%68.50%65.59%65.41%+3 bps
Liquid Assets / Assets16.97%15.69%17.70%18.57%19.23%+226 bps
CRE / Total Capitaln/an/an/an/an/an/an/a