First Central Bank, Inc.

Headquarters

2 South Main Street
Philippi, WV 26416
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 1.00% →
1-Year CD N.A. 0.95% →
2-Year CD N.A. 1.05% →
5-Year CD N.A. 1.30% →
30-Year Mortgage N.A. 2.80% →
15-Year Mortgage N.A. 2.37% →
HELOC N.A. 2.79% →

2020 Overview

General Bank Information

First Central Bank, Inc. is an FDIC insured institution located in Philippi, WV. It was founded in 1998 and has approximately $0.14 billion in assets.

FDIC Insured Yes
FDIC Certificate # 34838
Date Established 1998
Assets $ 137.22 million
Loans $ 108.05 million
Deposits $ 121.41 million
Capital $ 13.60 million
 

For a more detailed analysis of First Central Bank, Inc.'s financial condition and a description of what these numbers mean, please visit the Financial Details section.

Deposit Rates - September 30, 2020

Your Current Location: Connecticut, CT 06828


Loan Rates - September 30, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for First Central Bank, Inc.

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:




Featured - Connecticut 30 Year Fixed Mortgage Rates 2020

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
AimLoan.com
NMLS ID: 2890
License#: 13256
2.789% 2.750% 0.50 $1,250 $1,021 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loans
Third Federal Savings and Loans
See Table
2.990 %
$0 Learn More
More Info

Note to First Central Bank, Inc.
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Branches

First Central Bank, Inc. branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Fairfield,Connecticut


First Central Bank, Inc. Locations


Financial Details

First Central Bank, Inc. Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of First Central Bank, Inc.. The data is provided by the FDIC. All banks listed on BestCashCow.com are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
First Central Bank, Inc. U.S. Bank Average
16.86% 6.94%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.

As of March 31, 2020, First Central Bank, Inc. had $1,505,000 in non-current loans and $1,000,000 in owned real estate. To cover these potential losses it had $13,601,000 in equity and $1,254,000 in loans loss reserves. That gives it a Texas Ratio of 16.86%.

Return on Equity
First Central Bank, Inc. U.S. Bank Average
8.79% 7.80%

First Central Bank, Inc. has a Return on Equity of 8.79% versus the BestCashCow average of 7.80%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.

Capitalization
First Central Bank, Inc. U.S. Bank Average
9.91% 12.68%

First Central Bank, Inc. has a Capitalization of 9.91% versus the BestCashCow average of 12.68. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.

First Central Bank, Inc. Balance Sheet Analysis

As of March 31, 2011, First Central Bank, Inc. had assets of $137,217,000, loans of $108,047,000, and deposits of $121,413,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.

Summary Balance Sheet

March 31, 2020
ASSETS
Cash & Balances due from depository institutions N.A.
Interest-bearing balances N.A.
Total securities N.A.
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 108.05 million
Loan loss allowance $ 1.25 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 1.00 million
Goodwill and other intangibles N.A.
All other assets N.A.
     Total Assets N.A.
LIABILITIES
Total deposits $ 121.41 million
      Interest-bearing deposits N.A.
      Deposits held in domestic offices N.A.
      % insured (estimated) 0.00%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities N.A.
      Total Liabilities N.A.
      Shareholders’ Equity $ 137.22 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income N.A.
Total Interest Expense N.A.
Net interest income N.A.
Provision for loan and lease losses N.A.
Total non interest income N.A.
Total non interest expense N.A.
Pre-tax Net Operating Income N.A.

Bank Loan Profile?

The top three loan types in First Central Bank, Inc.’s loan portfolio are 1-4 Family Residential Loans, Multifamily Mortgages, and Credit Card Loans.

Compared to other banks, First Central Bank, Inc.’s loan portfolio does not show any specific loan specialty.

Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 0.00
Multifamily
Mortgages
0.00
Credit Card Loans 0.00
Consumer Auto Loans 0.00
Small Business Loans 0.00
Construction and Development Loans 0.00
Commercial Real Estate 0.00
Commercial and Industrial Loans 0.00
Farm Loans 0.00

Frequently Asked Questions About First Central Bank, Inc.

Branches and Savings

Is First Central Bank, Inc. FDIC insured?

Yes. It is covered under FDIC Certificate #34838.

Why does First Central Bank, Inc. pay such low interest on savings accounts?

See the best online savings rates here. See the best local savings rates here.

Why are First Central Bank, Inc. CD rates not competitive?

See the best online CD rates here. See the best local CD rates here.

Is First Central Bank, Inc. a commercial bank?

Yes

Where are First Central Bank, Inc. locations?

See branch locations nearby.

Is First Central Bank, Inc. open on Saturdays?

Is First Central Bank, Inc. open on Sundays?

What time does First Central Bank, Inc. open?

What time does First Central Bank, Inc. close?

Are First Central Bank, Inc. ATMs Open 24/7?

Do First Central Bank, Inc. ATMs accept cash deposits?

Can First Central Bank, Inc. customers use other ATMs?

Do First Central Bank, Inc. branches have notaries?

Will First Central Bank, Inc. notarize my document?

What address for First Central Bank, Inc. should I put for incoming ACH transfers?

Will the First Central Bank, Inc. branch print checks?

Do First Central Bank, Inc. checks expire?

Does First Central Bank, Inc. require US citizenship to open account?

Can First Central Bank, Inc. close my account?

Does First Central Bank, Inc. Report to credit bureaus?

Does First Central Bank, Inc. Use Equifax?

What is First Central Bank, Inc.'s ACH Routing Number?

What is First Central Bank, Inc.'s SWIFT code?

Products

Does First Central Bank, Inc. offer mortgages?

Compare mortgage rates here.

Does First Central Bank, Inc. offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does First Central Bank, Inc. offer personal loans?

Compare personal loan rates here.

Does First Central Bank, Inc. offer student loans?

Will First Central Bank, Inc. cash a check?

Will First Central Bank, Inc. redeem a savings bond?

Does First Central Bank, Inc. cash savings bonds?

Will First Central Bank, Inc. cash money orders?

Can First Central Bank, Inc. issue a money order?

Does First Central Bank, Inc. do currency exchange?

Background on The Bank

Who owns First Central Bank, Inc.?

How long has First Central Bank, Inc. been around?

Can First Central Bank, Inc. transfer to other banks?

Does First Central Bank, Inc. have quick pay?

Does First Central Bank, Inc. accept rolled coins?

Will First Central Bank, Inc. accept loose change?

Where is First Central Bank, Inc. headquarters?

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