Century Bank
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Balance Sheet

Financial Highlights
2019 FY
12/31/2019
2018 FY
12/31/2018
2017 FY
12/31/2017
2016 FY
12/31/2016
2015 FY
12/31/2015
Assets ($000)
Cash and Due from Banks 44,420 89,540 77,199 62,400 52,877
Fed Funds Sold 0 0 0 0 0
Deposits at Financial Institutions 214,273 252,963 279,231 176,934 171,080
Securities Purchased, to Resell 0 0 0 0 0
Other Cash & Cash Equivalents 0 0 0 0 0
Cash and Cash Equivalents 258,693 342,503 356,430 239,334 223,957
Trading Account Securities 0 0 0 0 0
Available for Sale Securities 260,502 336,759 395,830 499,297 404,623
Held to Maturity Securities 2,351,120 2,046,647 1,701,233 1,653,986 1,438,903
Other Securities 22,242 20,653 24,525 22,126 29,890
Total Cash & Securities 2,892,557 2,746,562 2,478,018 2,414,743 2,097,373
Gross Loans Held for Investment 2,426,119 2,285,578 2,175,944 1,923,933 1,731,536
Loan Loss Reserve 29,585 28,543 26,255 24,406 23,075
Loans Held for Sale, before Reserves 0 0 0 0 0
Total Net Loans 2,396,534 2,257,035 2,149,689 1,899,527 1,708,461
Real Estate Owned and Held for Investment 0 2,225 0 0 0
Goodwill 2,714 2,714 2,714 2,714 2,714
Core Deposit Intangibles 0 0 0 0 0
Other Intangibles 0 0 0 0 0
Intangible Assets other than Goodwill 0 0 0 0 0
Total Intangible Assets 2,714 2,714 2,714 2,714 2,714
Loan Servicing Rights 1,202 1,226 1,525 1,629 1,305
Credit Card Rights 0 0 0 0 0
Other Loan Servicing Rights 0 0 0 0 0
Total Servicing Rights 1,202 1,226 1,525 1,629 1,305
Fixed Assets 46,473 23,921 23,527 23,417 24,106
Interest Receivable 13,110 14,406 11,179 9,645 8,002
Prepaid Expense NA NA NA 1,528 1,304
Bank-owned Life Insurance 86,339 56,899 56,438 55,409 54,191
Other Assets 53,495 58,947 62,482 53,996 49,985
Total Other Assets 199,417 154,173 153,626 143,995 137,588
Total Assets 5,492,424 5,163,935 4,785,572 4,462,608 3,947,441
Memo: Consolidated VIE Assets 0 0 0 0 0
Memo: Covered Loans 0 0 0 0 0
Memo: Covered OREO 0 0 0 0 0
Memo: Covered Securities 0 0 0 0 0
Memo: Covered Assets 0 0 0 0 0
Liabilities ($000)
Total Deposits 4,400,111 4,406,964 3,916,967 3,653,218 3,075,060
FHLB Borrowings 370,955 202,378 347,778 293,000 368,000
Senior Debt 649,690 356,618 506,768 475,280 565,850
Trust Preferred (FAS 150) 36,083 36,083 36,083 36,083 36,083
Total Subordinated Debt 36,083 36,083 36,083 36,083 36,083
Redeemable Financial Instruments (FAS 150) 0 0 0 0 0
Total Debt 685,773 392,701 542,851 511,363 601,933
Total Other Liabilities 73,959 63,831 65,457 57,986 55,904
Total Liabilities 5,159,843 4,863,496 4,525,275 4,222,567 3,732,897
Memo: Consolidated VIE Liabilities 0 0 0 0 0
Mezzanine ($000)
Redeemable Preferred 0 0 0 0 0
Trust Preferred Securities 0 0 0 0 0
Total Minority Interest 0 0 0 0 0
Other Mezzanine Items 0 0 0 0 0
Total Mezzanine Level Items 0 0 0 0 0
Equity ($000)
TARP Preferred Equity 0 0 0 0 0
Other Preferred Equity 0 0 0 0 0
Total Preferred Equity 0 0 0 0 0
Common Equity 332,581 300,439 260,297 240,041 214,544
Equity Attributable to Parent Company 332,581 300,439 260,297 240,041 214,544
Noncontrolling Interests 0 0 0 0 0
Total Equity 332,581 300,439 260,297 240,041 214,544
Net Unrealized Gain (2,120) (2,559) (3,112) (4,651) (7,142)
Tot Acc Other Comprehensive Inc (24,259) (18,909) (21,229) (21,384) (24,548)
Balance Sheet Analysis (%)
Gross Loans HFI/ Total Assets 44.17 44.26 45.47 43.11 43.86
Loans/ Deposits 55.14 51.86 55.55 52.66 56.31
Loan Loss Reserves/ Gross Loans 1.22 1.25 1.21 1.27 1.33
Reserves/ Loans Held For Investment 1.22 1.25 1.21 1.27 1.33
One Year Gap/ Assets NA NA NA NA NA
1-4 Loans Serviced for Others($000) 205,138 209,685 230,084 241,093 186,013
Level 1 Assets($000) 343 293 321 344 215
Level 2 Assets($000) 248,546 249,334 314,572 334,077 247,411
Level 3 Assets($000) 14,178 91,204 82,846 165,136 158,053
Level 1 Liabilities($000) 0 0 0 0 0
Level 2 Liabilities($000) 0 0 0 0 0
Level 3 Liabilities($000) 0 0 0 0 0
FTE Employees(actual) 432 432 416 405 406
Annualized Growth Rates (%)
Asset Growth 6.36 7.91 7.24 13.05 8.92
Gross Loans HFI Growth 6.15 5.04 13.10 11.11 30.06
Deposit Growth (0.16) 12.51 7.22 18.80 12.33
Average Balances ($000)
Avg Gross Loans HFI 2,341,190 2,222,946 2,059,797 1,808,297 1,507,546
Avg Loans HFS 0 0 0 15,146 0
Average Loans, Gross of Reserves 2,341,190 2,222,946 2,059,797 1,838,136 1,507,546
Avg Securities 2,466,184 2,254,426 2,186,915 2,031,686 2,058,168
Avg Other Int Earn Assets 189,710 183,903 189,193 235,339 157,765
Avg Secs & Other Int Earn Assets 2,655,894 2,438,329 2,376,108 2,267,025 2,215,933
Avg Interest Earning Assets 4,997,084 4,661,275 4,435,905 4,105,161 3,723,479
Avg Assets 5,218,944 4,862,988 4,632,204 4,291,492 3,892,620
Avg CDs 519,761 577,975 566,941 452,562 408,711
Avg Other Interest-bearing Deposits 3,083,870 2,744,269 2,562,943 2,364,118 2,090,646
Avg Interest-bearing Deposits 3,603,631 3,322,244 3,129,884 2,816,680 2,499,357
Avg Debt 456,287 439,618 498,786 580,930 619,384
Avg Interest-bearing Liabs 4,059,918 3,761,862 3,628,670 3,397,610 3,118,741
Avg Noninterest-bearing Deposits 760,420 753,604 687,853 609,159 518,161
Avg Total Deposits 4,364,051 4,075,848 3,817,737 3,425,839 3,017,518
Avg Preferred Equity 0 0 0 0 0
Avg Common Equity 319,169 277,502 254,756 227,121 204,471
Avg Equity 319,169 277,502 254,756 227,121 204,471
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.