First Century Bankshares — Shareholder Meeting (May 2009)
19 slides from First Century Bankshares's shareholder meeting presentation, May 1, 2009
Slide 1: 2009 Annual Stockholder's Meeting
April 28, 2009 2009 Annual Stockholder’s Meeting First Century Bankshares, Inc. First Century Bankshares, Inc. April 28, 2009 2009 Annual Stockholder’s Meeting Exhibit 99.1
Slide 2: 2008 Overview
2008 Overview 2008 Overview First Century Bankshares, Inc. First Century Bankshares, Inc.
Slide 3: Just Say NO to TARP
Just Say NO to TARP Just Say NO to TARP Management and the board decided not to apply for U.S. Government TARP funding Strong Capital Position
Slide 4: Capital Position/TARP
Capital Position/TARP Capital Position/TARP (continued) (continued) First Century has a strong capital position Minimum to be considered Actual “Well Capitalized” Tier 1 Capital to Avg. Assets 8.93% 5.00% Tier 1 Capital to Risk Weighted Assets 12.42% 6.00% Total Capital to Risk Weighted Assets 13.30
Slide 5: Net Interest Margin Pressure
Net Interest Margin Pressure Net Interest Margin Pressure Interest Rate 12/31/07 12/31/08 Prime 7.25% 3.25% 400 bps Federal Funds 4.00% 0.00-0.25% 375-400 bps 1 Year C.D. 4.60% 2.50% 210 bps 6 month C.D. 4.60% 2.00% 260 bps
Slide 6: Net Income
Net Income Net Income
Slide 7: Earnings Per Share
Earnings Per Share Earnings Per Share
Slide 8: Dividend
Dividend Dividend
Slide 9: Year-End Stock Price
Year-End Stock Price Year-End Stock Price
Slide 10: Nonperforming assets/total assets
Nonperforming assets/total assets Nonperforming assets/total assets
Slide 11: Trust Assets
Trust Assets Trust Assets
Slide 12: 2008 Comparison: Strategic Plan to Actual
2008 Comparison Strategic Plan to Actual Strategic Plan Strategic Plan Actual Actual Average Assets $ 437,934,000 $ 434,595,000 Net Income $ 4,881,000 $ 3,685,000 Earnings per share $ 2.49 $ 1.93 Dividends $ 1.25 $ 1.11 2008 Comparison Strategic Plan to Actual
Slide 13: 2008 Comparison: Strategic Plan to Actual
2008 Comparison Strategic Plan to Actual Strategic Strategic Plan Plan Actual Actual Return on Average Assets 1.11% 0.85% Return on Average Equity 11.70% 8.96% Share price $32.40 $15.65 2008 Comparison Strategic Plan to Actual
Slide 14: Beckley Branch
Beckley Branch Beckley Branch Data as of 3/31/09: Total Loans: $ 27,911,000 Total Deposits: $ 4,669,000 Beckley Branch – Beckley Branch – Opened April 28, 2008 Opened April 28, 2008 1 Year Anniversary – 1 Year Anniversary – Today, April 28, 2009 Today, April 28, 2009
Slide 15: Beckley Branch
Beckley Branch Beckley Branch Mori Williams – Vice President & Regional Executive dvisory Board – Woody Duba Father Thomas Acker Bill Baker
Slide 16: FDIC Update
FDIC Update FDIC Update FDIC insurance limits increased to $250,000 through 12/31/09 Transaction Account Guarantee Program – all noninterest-bearing transaction accounts (checking accounts) insured through 12/31/09. FCB voluntarily opted into this coverage to benefit our customers.
Slide 17: FDIC Update-Assessments
FDIC Update-Assessments FDIC Update-Assessments Because of the age of the bank, credits allowed expense to remain lower in 2008 – total $55,000 Budgeted for 2009 - $500,000, included 10 bps extra for TAGP Proposed one-time assessment could mean an additional $700,000+ on top of 2009 budgeted amount
Slide 18: Vision and Focus
Vision and Focus 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
Slide 19: Thank You
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