| Address:
|
1875 CENTURY PARK EAST
SUITE 1400 |
| City: |
LOS ANGELES |
|
State: |
CA |
|
Zip Code: |
90067 |
| Telephone: |
310-270-9500 |
|
Description of Business
|
Primary SIC Code:
6022 |
| (As filed with the SEC)
|
|
|
1st Century Bancshares, Inc. ("Bancshares"), a Delaware corporation is
registered with the Board of Governors of the Federal Reserve System (the "FRB")
as a bank holding company under the Bank Holding Company Act of 1956, as amended
(the "BHC Act"). Bancshares has one subsidiary, 1st Century Bank, National
Association (the "Bank"). The Bank commenced operations on March 1, 2004 in the
State of California operating under the laws of a National Association ("N.A.")
regulated by the Office of the Comptroller of the Currency (the "OCC"). The Bank
is subject to both the regulation of and periodic examinations by the OCC, which
is the Bank's federal regulatory agency.
Bancshares and the Bank are collectively referred to herein as "we", "our", "us"
or "the Company."
The Company's common stock trades on the NASDAQ Stock Market LLC Capital Market
("NASDAQ CM") under the symbol "FCTY". ... More ... |
| Date |
12-mos
Rolling EPS |
Dividend |
P/E
Ratio |
| 06/2010 | -0.86 | NA | N/E | | 03/2010 | -0.86 | NA | N/E | | 12/2009 | -0.86 | NA | N/E | | 09/2009 | -0.66 | NA | N/E | | 06/2009 | -0.15 | NA | N/E | | 03/2009 | -0.16 | NA | N/E | | 12/2008 | -0.15 | NA | N/E | | 09/2008 | 0.24 | NA | 23.33 |
Key Financial Ratios and Statistics |
FYE:
12/31 |
| Profitability |
2009 |
Leverage |
2009 |
| Net Inc/Comm Equity | -0.13 | Total Liab/Total Assets | 0.83 | | Net Inc/Total Assets | -0.03 | Total Liab/Inv Cap | 0.88 | | Net Inc/Inv Cap | -0.03 | Total Liab/Comm Equity | 3.87 | | Pretax Inc/Net Sales | -0.34 | Interest Coverage Ratio | -7.78 | | Net Inc/Net Sales | -0.61 | Curr Debt/Equity | 0.36 | | Cash Flow/Net Sales | 0.14 | LTD/Equity | NA | | SG&A/NetSales | 0.75 | Total Debt/Equity | 0.36 |
| Asset Utilization
|
|
Liquidity |
|
| Net Receivables Turnover | 7.68 | Quick Ratio | NA | | Inventory Turnover | NA | Current Ratio | NA | | Inventory Day Sales | NA | Net Rec/Curr Assets | NA | | Net Sales/Work Cap | NA | Inv/Curr Assets | NA | | Net Sales/PP&E | 11.56 | | |
Income Statement (Millions) |
| |
6/30/2010
|
3/31/2010
|
12/31/2009
|
9/30/2009
|
|
Total Revenues(Net Sales)
|
2.87
|
2.99
|
3.09
|
3.18
|
|
Cost of Goods Sold
|
0.17
|
0.20
|
0.24
|
0.23
|
|
Selling & Admin Exps
|
2.41
|
2.58
|
2.43
|
2.32
|
|
Operating Income
|
NA
|
NA
|
NA
|
NA
|
|
Interest Exp
|
0.07
|
0.09
|
0.12
|
0.12
|
|
Pretax Income
|
0.12
|
0.12
|
-3.50
|
-1.20
|
|
Other Income
|
NA
|
NA
|
NA
|
NA
|
|
Net Income Bef Extraordinary ...
|
NA
|
NA
|
NA
|
NA
|
|
Net Income
|
0.12
|
0.12
|
-3.50
|
-4.56
|
|
Assets
|
6/30/2010
|
3/31/2010
|
12/31/2009
|
9/30/2009
|
|
Cash & Short Term Investments
|
116.15
|
93.32
|
92.79
|
72.63
|
|
Receivables - Total
|
1.68
|
1.98
|
1.90
|
1.12
|
|
Inventories - Total
|
NA
|
NA
|
NA
|
NA
|
|
Total Current Assets
|
NA
|
NA
|
NA
|
NA
|
|
Net Property, Plant & Equipment
|
1.05
|
1.06
|
1.11
|
1.10
|
|
Total Assets
|
280.07
|
263.62
|
272.13
|
257.92
|
|
Liabilities
|
|
|
|
|
|
Accounts Payable
|
2.07
|
1.71
|
1.93
|
2.09
|
|
Debt in Current Liabilities
|
10.00
|
11.50
|
16.50
|
16.50
|
|
Total Current Liabilities
|
NA
|
NA
|
NA
|
NA
|
|
Long-Term Debt
|
NA
|
NA
|
NA
|
NA
|
|
Total Liabilities
|
232.93
|
216.83
|
225.81
|
207.34
|
|
Stockholder's Equity
|
|
|
|
|
|
Minority Interest
|
NA
|
NA
|
NA
|
NA
|
|
Preferred Stock
|
0.00
|
0.00
|
0.00
|
0.00
|
|
Common Stock
|
0.11
|
0.10
|
0.10
|
0.10
|
|
Retained Earnings
|
-12.66
|
-12.78
|
-12.90
|
-9.41
|
|
Treasury Stock
|
-5.40
|
-5.26
|
-5.26
|
-4.62
|
|
Total Stockholders' Equity
|
47.14
|
46.79
|
46.32
|
50.58
|
|
Total Liabilities and Stockholders' Equity
|
280.07
|
263.62
|
272.13
|
257.92
|
Cash Flow Summary (Millions) |
|
Categories
|
6/30/2010
|
3/31/2010
|
12/31/2009
|
9/30/2009
|
|
Net Cash Provided by Operating Activities
|
0.92
|
-0.05
|
-0.50
|
0.85
|
|
Net Cash Provided by Investing Activities
|
10.42
|
9.74
|
2.84
|
3.62
|
|
Net Cash Provided by Financing Activities
|
15.60
|
-8.75
|
17.99
|
15.96
|
Annual Summary Data (Millions) |
| Year |
Sales |
Net
Income |
EPS |
| 12/2005 | 6.03 | -2.22 | -- | | 12/2007 | 15.32 | 2.91 | 0.28 | | 12/2008 | 14.58 | -1.52 | -0.15 | | 12/2009 | 12.81 | -7.81 | -0.86 | | Growth Rates | 28.53 | -- | -- |
| Type |
Date(Q,M) |
No.
Owners |
Shares
Held (000s) |
%
Own |
| Institutional | 06/30/10 | 7 | 1,006 | 10.74 |
|
Report Date :
8/30/2010
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