Century Bank
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As Reported Financial Statements

As Reported Financials

Source Document Currency Code (in thousands) 2015 Y 12/31/2016 USD 2016 Y 12/31/2017 USD 2017 Y 12/31/2018 USD 2018 Y 12/31/2018 USD
Source Document Currency Code 2015 Y 12/31/2016 USD 2016 Y 12/31/2017 USD 2017 Y 12/31/2018 USD 2018 Y 12/31/2018 USD

ASSETS

Cash and due from banks 52,877 62,400 77,199 89,540
Federal funds sold and interest-bearing deposits in other banks 167,847 173,751 279,231 252,963
Total cash and cash equivalents 220,724 236,151 356,430 342,503
Short-term investments 3,233 3,183 NA NA
Securities available-for-sale 404,623 499,297 395,830 336,759
Securities held-to-maturity 1,438,903 1,653,986 1,701,233 2,046,647
Federal Home Loan Bank of Boston, stock at cost 28,807 21,042 21,779 17,974
Equity securities NA NA 1,663 1,596
Loans, net 1,731,536 1,923,933 2,175,944 2,285,578
Less - allowance for loan losses 23,075 24,406 26,255 28,543
Net loans 1,708,461 1,899,527 2,149,689 2,257,035
Bank premises and equipment 24,106 23,417 23,527 23,921
Accrued interest receivable 8,002 9,645 11,179 14,406
Other assets 110,582 116,360 124,242 123,094
Total assets 3,947,441 4,462,608 4,785,572 5,163,935

LIABILITIES AND STOCKHOLDERS' EQUITY

Demand deposits 541,955 689,286 736,020 813,478
Savings and NOW deposits 1,070,585 1,304,394 1,367,358 1,707,019
Money market accounts 989,094 1,181,179 1,188,228 1,325,888
Time deposits 473,426 478,359 625,361 560,579
Total deposits 3,075,060 3,653,218 3,916,967 4,406,964
Securities sold under agreements to repurchase 197,850 182,280 158,990 154,240
Other borrowed funds 368,000 293,000 347,778 202,378
Subordinated debentures 36,083 36,083 36,083 36,083
Other liabilities 55,904 57,986 65,457 63,831
Total liabilities 3,732,897 4,222,567 4,525,275 4,863,496

Stockholders' equity

Preferred Stock 0 0 0 0
Common stock, Class A 3,601 3,601 3,606 3,608
Common stock, Class B 1,967 1,967 1,962 1,960
Additional paid-in capital 12,292 12,292 12,292 12,292
Retained earnings 221,232 243,565 263,666 301,488
Total 239,092 261,425 281,526 319,348
Unrealized gain (losses) on securities available-for-sale, net of taxes (246) (567) (62) 6
Unrealized losses on securities transferred to held-to-maturity, net of taxes (6,896) (4,084) (3,050) (2,565)
Pension liability, net of taxes (17,406) (16,733) (18,117) (16,350)
Total accumulated other comprehensive loss, net of taxes (24,548) (21,384) (21,229) (18,909)
Total stockholders' equity 214,544 240,041 260,297 300,439
Total liabilities and stockholders' equity 3,947,441 4,462,608 4,785,572 5,163,935
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.