First Century Bankshares — Investor Presentation (April 2011)
12 slides from First Century Bankshares's investor presentation, Apr 28, 2011
Slide 1: First Century Bankshares, Inc.
Slide 2: At a Glance
At a Glance At a Glance Headquarters in Bluefield, WV Founded in 1891 Banking operations in WV and VA ° 12 banking offices ° 17 ATM’s Trust Division with $316 million in assets under management
Slide 3: Branch locations
Wytheville Branch locations Oceana
Slide 4: 5-year Summary
For The Year 2006 2007 2008 2009 2010 Net Income $4,489 $4,688 $3,685 $315 $2,141 Return on Assets (average) 1.12% 1.10% 0.85% 0.07% 0.51% Return on Equity (beginning) 12.49% 12.20% 9.12% 0.76% 5.43% 5-year Summary 5-year Summary Assets: $408 million 2010 – “no growth” strategy Focused on asset qual
Slide 5: 5-year Summary
5-year Summary 5-year Summary 2006 2007 2008 2009 2010 Per Share Data Net Income $2.28 $2.39 $1.93 $0.17 $1.12 Cash Dividend $1.05 $1.10 $1.11 $0.96 $0.60 Book Value $19.58 $21.16 $21.74 $20.73 $21.00 Tangible Book Value $16.94 $18.44 $19.01 $18.01 $18.28 Market Value $28.00 $25.50 $15.65 $15.00 $12
Slide 6: Weakened economy, changing rules
Weakened economy Weakened borrowers Unsettled financial industry High regulatory scrutiny Regulatory Reform – Consumer Financial Protection Agency (CFPA) Implementation of Dodd-Frank Act Environmental Protection Agency – affect on coal industry Changing rules
Slide 7: Earnings 2008 2009 2010
EARNINGS 2008 2009 2010 Net Income $3,685 $315 $2,141 ROAA 0.85% 0.07% 0.51% ROAE 8.96% 0.76% 5.31% FDIC Assessments $55 $890 $606 Net Charge-offs $214 $3,825 $386 Additions to Allowance $235 $1,635 $1,550 ALLL to Total Loans 0.91% 1.51% 2.26% Total Allowance $2,690 $4,325 $5,875 Total Risk-based Ca
Slide 8: First Century has a strong capital position
First Century has a strong capital position Minimum to be considered Actual “Well Capitalized” Tier 1 Capital to Avg. Assets 9.00% 5.00% Tier 1 Capital to Risk Weighted Assets 13.82% 6.00% Total Capital to Risk Weighted Assets 15.08% 10.00% Data as of 12/31/10
Slide 9: Trust Assets
Trust Assets Trust Assets
Slide 10: Anticipate limited growth opportunities in 2011
Anticipate limited growth opportunities in 2011 Reduce levels of criticized and classified assets Timely identification of problems Proper risk ratings and reserve allocations for any potential problem asset Maintain a pattern of selective growth over the near term as the market strengthens Focus on
Slide 11: Our vision
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
Slide 12: ova
W ova AK
First Century Bankshares — Investor Presentation (April 2011) on 6ix