8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D. C., 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15 (d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported) April 22, 2008

FIRST CENTURY BANKSHARES, INC.

(Exact name of registrant as specified in its charter)

West Virginia	0-11671	55-0628089
(State or other jurisdiction of incorporation or organization)	(Commission File Number)	(IRS Employer Identification No.)

500 Federal Street, Bluefield, WV	24701
(Address of principal executive offices)	(Zip Code)

Registrant’s telephone number, including area code: (304) 325-8181

(Former name or former address, if changed since last report) Not applicable

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

FIRST CENTURY BANKSHARES, INC.

FORM 8-K

Section 8 - Other Events

Item 8.01. Other Events

First Century Bankshares, Inc. (“First Century”) made a slide show presentation at the Annual Meeting of its shareholders held on April 22, 2008. A copy of the slide show presentation is furnished as Exhibit 99.1 to this Form 8-K.

Section 9 - Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits

(c) Exhibits

99.1     Slide Presentation by First Century - April 22, 2008

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SIGNATURES

Pursuant to the requirements of Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

(Registrant)	First Century Bankshares, Inc.
	By:	/s/ J. Ronald Hypes
		J. Ronald Hypes, Treasurer
	(Principal Accounting and Financial Officer)
	Date: April 24, 2008

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EX-99.1

First Century Bankshares, Inc.

April 22, 2008

April 22, 2008

2008 Annual Stockholder’s Meeting

2008 Annual Stockholder’s Meeting

Exhibit 99.1

Net Income

$3,055

$4,004

$4,489

$4,688

$-

$2,000

$4,000

$6,000

2004

2005

2006

2007

NET INCOME

Year-End Stock Price

$24.00

$23.50

$28.00

$25.50

$20.00

$25.00

$30.00

2004

2005

2006

2007

YEAR-END STOCK PRICE

Nonperforming assets/total assets

0.95%

0.84%

0.81%

0.68%

0.52%

0.00%

0.50%

1.00%

2003

2004

2005

2006

2007

NONPERFORMING ASSETS/TOTAL ASSETS

$314

$348

$328

$334

$341

$280

$300

$320

$340

$360

2003

2004

2005

2006

2007

TRUST ASSETS UNDER ADMINISTRATION

Trust Assets

2007 Comparison

Strategic Plan to Actual

Strategic Plan

Strategic Plan

Actual

Actual

Average Assets

$ 421,021,000

$ 428,597,000

Net Income

$     4,692,000

$     4,688,000

Earnings per

share

$              2.40

$              2.40

Dividends

$              1.20

$              1.10

2007 Comparison

Strategic Plan to Actual

Strategic

Strategic

Plan

Plan

Actual

Actual

Return on

Average Assets

1.11%

1.10%

Return on

Average Equity

11.90%

11.79%

Share price

$31.15

$25.50

Beckley Branch

Data as of 2/29/08:

Total Loans:  

$ 17,414,451

Total Deposits:

$ 2,495,834

Artist Rendering

Artist Rendering

Beckley Branch –

Opening April 28, 2008

GRAND OPENING –

May 22, 2008

Beckley Branch

Making progress…

March 2008

Beckley Branch

Beckley Branch

Mori Williams

–

Vice President &        

Regional Executive

Beckley Staff –

(1st Row)

Ashlea

Bennett, Janey

Adkins (2

nd

Row)

Gail Grick,

Margot Bower, Amy Harms (3

rd

Row) Kevin Gillespie, Becky

Pritchard, Manon

Wheeler, Cheryl Meadows, Eric Stovall