First Century Bankshares — Shareholder Meeting (April 2012)
9 slides from First Century Bankshares's shareholder meeting presentation, Apr 26, 2012
Slide 1: 2012 Annual Stockholder's Meeting
FIRST CENTURY BANKSHARES, INC. 2012 Annual Stockholder’s Meeting April 24, 2012 Exhibit 99.1 FIRST CENTURY BANKSHARES, INC. 2012 Annual Stockholder’s Meeting April 24, 2012
Slide 2: Headquarters in Bluefield, WV
Headquarters in Bluefield, WV Founded in 1891 Banking operations in WV and VA 12 banking offices 17 ATM’s Trust Division with $306 million in assets under management FIRST CENTURY BANKSHARES, INC.
Slide 3: 5-Year Summary
2007 2008 2009 2010 2011 Per Share Data Net Income $2.39 $1.93 $0.17 $1.12 $1.16 Cash Dividend $1.10 $1.11 $0.96 $0.60 $0.45 Book Value $21.16 $21.74 $20.73 $21.00 $21.40 Tangible Book Value $18.44 $19.01 $18.01 $18.28 $18.68 Market Value $25.50 $15.65 $15.00 $12.00 $12.25 Market/Book Value % 120.51
Slide 4: Community Bank Performance
ROAA ROAE NPA’s/Assets Reserves/ Net Loans COMMUNITY BANK PERFORMANCE First Century Bankshares, Inc. .53% 5.63% 4.13% 2.01% Virginia Average .37% 2.11% 3.85% 1.99% WV Average .41% 3.85% 4.10% 1.80% All States Average .26% (1.99)% 4.08% 2.04% • How we analyze credit/review credit. • 80% drill down fo
Slide 5: 2009-2011 Recap
EARNINGS 2009 2010 2011 2009 - 2011 RECAP Net Income $315 $2,141 $2,216 ROAA 0.07% 0.51% 0.52% ROAE 0.76% 5.31% 5.43% FDIC Assessments $890 $606 $479 Net Charge-offs $3,825 $386 $4,211 Additions to Allowance $1,635 $1,550 ($970) ALLL to Total Loans 1.51% 2.26% 1.97% Total Allowance $4,325 $5,875 $4,
Slide 6: Trust Assets
TRUST ASSETS TRUST ASSETS
Slide 7: FCB - Plan for 2012
Anticipate limited growth opportunities in 2012 Maintain a pattern of selective growth over the near term as the market strengthens Continue to reduce levels of criticized and classified assets Timely identification of problems through internal/external credit reviews Proper risk ratings and reserve
Slide 8: Vision and Focus
Our vision will be that we provide a fair and consistent return for you, our shareholders. Our focus continues to be on three critical areas Asset Quality Liquidity Capital VISION AND FOCUS
Slide 9: Thank You
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