Century Bank
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As Reported Financial Statements

As Reported Financials

Source Document Currency Code (in thousands) 2014 Y 12/31/2015 USD 2015 Y 12/31/2016 USD 2016 Y 12/31/2017 USD 2017 Y 9/30/2018 USD 2018 Q3 YTD 9/30/2018 USD
Source Document Currency Code 2014 Y 12/31/2015 USD 2015 Y 12/31/2016 USD 2016 Y 12/31/2017 USD 2017 Y 9/30/2018 USD 2018 Q3 YTD 9/30/2018 USD

Assets

Cash and due from banks 43,367 52,877 62,400 77,199 68,945
Federal funds sold and interest-bearing deposits in other banks 261,990 167,847 173,751 279,231 142,345
Total cash and cash equivalents 305,357 220,724 236,151 356,430 211,290
Short-term investments 2,131 3,233 3,183 NA NA
Securities available-for-sale 448,390 404,623 499,297 395,831 366,503
Securities held-to-maturity 1,406,792 1,438,903 1,653,986 1,701,233 1,875,752
Federal Home Loan Bank of Boston, stock at cost 24,916 28,807 21,042 21,779 22,743
Equity securities NA NA NA 1,663 1,616

Loans, net

Construction and land development NA NA NA 18,931 12,434
Commercial and industrial NA NA NA 763,807 783,960
Municipal NA NA NA 106,599 94,532
Commercial real estate NA NA NA 732,491 730,265
Residential real estate NA NA NA 287,731 335,114
Consumer NA NA NA 18,458 20,677
Home equity NA NA NA 247,345 283,818
Overdrafts NA NA NA 582 539
Total loans, net 1,331,366 1,731,536 1,923,933 2,175,944 2,261,339
Less - allowance for loan losses 22,318 23,075 24,406 26,255 28,545
Net loans 1,309,048 1,708,461 1,899,527 2,149,689 2,232,794
Bank premises and equipment 24,182 24,106 23,417 23,527 24,023
Accrued interest receivable 6,241 8,002 9,645 11,179 12,878
Goodwill NA NA NA 2,714 2,714
Other assets 96,979 110,582 116,360 121,527 120,110
Total assets 3,624,036 3,947,441 4,462,608 4,785,572 4,870,423

Liabilities

Deposits

Demand deposits 484,928 541,955 689,286 736,020 731,095
Savings and NOW deposits 978,619 1,070,585 1,304,394 1,367,358 1,359,334
Money market accounts 890,899 989,094 1,181,179 1,188,228 1,294,092
Time deposits 383,145 473,426 478,359 625,361 579,886
Total deposits 2,737,591 3,075,060 3,653,218 3,916,967 3,964,407
Securities sold under agreements to repurchase 212,360 197,850 182,280 158,990 140,490
Other borrowed funds 395,500 368,000 293,000 347,778 372,606
Subordinated debentures 36,083 36,083 36,083 36,083 36,083
Due to broker NA NA NA 0 897
Other liabilities 50,002 55,904 57,986 65,457 69,063
Total liabilities 3,431,536 3,732,897 4,222,567 4,525,275 4,583,546

Stockholders' Equity

Preferred Stock 0 0 0 0 0
Common stock, Class A 3,601 3,601 3,601 3,606 3,608
Common stock, Class B 1,967 1,967 1,967 1,962 1,960
Additional paid-in capital 12,292 12,292 12,292 12,292 12,292
Retained earnings 200,411 221,232 243,565 263,666 292,114
Total 218,271 239,092 261,425 281,526 309,974
Unrealized losses on securities available-for-sale, net of taxes 77 (246) (567) (62) 92
Unrealized losses on securities transferred to held-to-maturity, net of taxes (10,479) (6,896) (4,084) (3,050) (2,779)
Pension liability, net of taxes (15,369) (17,406) (16,733) (18,117) (20,410)
Total accumulated other comprehensive loss, net of taxes (25,771) (24,548) (21,384) (21,229) (23,097)
Total stockholders' equity 192,500 214,544 240,041 260,297 286,877
Total liabilities and stockholders' equity 3,624,036 3,947,441 4,462,608 4,785,572 4,870,423
Data shown on this page is extracted directly from the company’s documents. S&P makes every effort to line up fields, captions and headers that represent the same data over time, despite variations in how the company may report these items in different documents. In certain instances the variation in the company’s presentation over time may be too significant, potentially resulting in repeating and/or disordered items. Despite possible issues with the presentation, S&P, as always, stands by its commitment to the quality of the data.