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First Century reports strong earnings rise in Q1 2011
Bluefield based First Century Bankshares Inc (OTCBB FCBS) announced quarterly earnings of 754,000 for the period ending March 31, 2011, up 79.1 percent from 421,000 a year earlier. Diluted earnings per share rose to 0.40 from 0.22, while net interest income slipped to 3.339 million. Noninterest income climbed 24.8 percent to 1.495 million driven by deposit pricing, fiduciary fees, and mortgage originations. Total assets rose to 420.931 million, with loans at 262.234 million and deposits at 360.506 million. Nonperforming assets fell to 4.7 percent of assets, and ROAA and ROAE rose to 0.71 and 7.50 percent respectively. First Century Bankshares operates 12 offices and 17 ATMs in WV and VA.
MENTIONED IN THIS ARTICLE
Bluefield
First Century Bankshares, Inc
Otcbb - Fcbs
First Century Bank, N.A
West Virginia
Virginia