Century Bank
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Balance Sheet

Financial Highlights
3/31/2017
3/31/2018
6/30/2018
12/31/2018
Assets ($000)
Cash and Due from Banks 65,100 64,544 70,692 89,540
Fed Funds Sold 0 0 0 0
Deposits at Financial Institutions 4,459 186,125 183,586 252,963
Securities Purchased, to Resell 0 0 0 0
Other Cash & Cash Equivalents 0 0 0 0
Cash and Cash Equivalents 69,559 250,669 254,278 342,503
Trading Account Securities 0 0 0 0
Available for Sale Securities 509,900 370,976 402,575 336,759
Held to Maturity Securities 1,809,608 1,817,633 1,858,298 2,046,647
Other Securities 21,411 22,787 30,736 20,653
Total Cash & Securities 2,410,478 2,462,065 2,545,887 2,746,562
Gross Loans Held for Investment 2,040,494 2,187,147 2,221,613 2,285,578
Loan Loss Reserve 24,827 26,695 27,144 28,543
Loans Held for Sale, before Reserves 0 0 0 0
Total Net Loans 2,015,667 2,160,452 2,194,469 2,257,035
Real Estate Owned and Held for Investment 0 0 0 2,225
Goodwill 2,714 2,714 2,714 2,714
Core Deposit Intangibles 0 0 0 0
Other Intangibles 0 0 0 0
Intangible Assets other than Goodwill 0 0 0 0
Total Intangible Assets 2,714 2,714 2,714 2,714
Loan Servicing Rights 1,626 1,447 1,369 1,226
Credit Card Rights 0 0 0 0
Other Loan Servicing Rights 0 0 0 0
Total Servicing Rights 1,626 1,447 1,369 1,226
Fixed Assets 23,471 23,220 22,931 23,921
Interest Receivable 10,187 10,844 12,673 14,406
Prepaid Expense 1,879 NA NA NA
Bank-owned Life Insurance 55,775 56,366 56,557 56,899
Other Assets 55,588 59,574 61,499 58,947
Total Other Assets 146,900 150,004 153,660 154,173
Total Assets 4,577,385 4,776,682 4,898,099 5,163,935
Memo: Consolidated VIE Assets 0 0 0 0
Memo: Covered Loans 0 0 0 0
Memo: Covered OREO 0 0 0 0
Memo: Covered Securities 0 0 0 0
Memo: Covered Assets 0 0 0 0
Liabilities ($000)
Total Deposits 3,743,462 3,935,796 3,866,133 4,406,964
FHLB Borrowings 301,500 317,054 506,830 202,378
Senior Debt 491,420 458,614 647,410 356,618
Trust Preferred (FAS 150) 36,083 36,083 36,083 36,083
Total Subordinated Debt 36,083 36,083 36,083 36,083
Redeemable Financial Instruments (FAS 150) 0 0 0 0
Total Debt 527,503 494,697 683,493 392,701
Total Other Liabilities 60,092 77,989 70,992 63,831
Total Liabilities 4,331,057 4,508,482 4,620,618 4,863,496
Memo: Consolidated VIE Liabilities 0 0 0 0
Mezzanine ($000)
Redeemable Preferred 0 0 0 0
Trust Preferred Securities 0 0 0 0
Total Minority Interest 0 0 0 0
Other Mezzanine Items 0 0 0 0
Total Mezzanine Level Items 0 0 0 0
Equity ($000)
TARP Preferred Equity 0 0 0 0
Other Preferred Equity 0 0 0 0
Total Preferred Equity 0 0 0 0
Common Equity 246,328 268,200 277,481 300,439
Equity Attributable to Parent Company 246,328 268,200 277,481 300,439
Noncontrolling Interests 0 0 0 0
Total Equity 246,328 268,200 277,481 300,439
Net Unrealized Gain (4,143) (3,302) (2,761) (2,559)
Tot Acc Other Comprehensive Inc (20,644) (24,296) (23,463) (18,909)
Balance Sheet Analysis (%)
Gross Loans HFI/ Total Assets 44.58 45.79 45.36 44.26
Loans/ Deposits 54.51 55.57 57.46 51.86
Loan Loss Reserves/ Gross Loans 1.22 1.22 1.22 1.25
Reserves/ Loans Held For Investment 1.22 1.22 1.22 1.25
One Year Gap/ Assets NA NA NA NA
1-4 Loans Serviced for Others($000) 240,049 224,541 217,795 209,685
Level 1 Assets($000) 357 0 0 293
Level 2 Assets($000) 346,206 294,511 275,989 249,334
Level 3 Assets($000) 163,588 79,549 129,670 91,204
Level 1 Liabilities($000) 0 0 0 0
Level 2 Liabilities($000) 0 0 0 0
Level 3 Liabilities($000) 0 0 0 0
FTE Employees(actual) 410 419 422 432
Annualized Growth Rates (%)
Asset Growth 10.29 (0.74) 10.17 7.91
Gross Loans HFI Growth 24.23 2.06 6.30 5.04
Deposit Growth 9.88 1.92 (7.08) 12.51
Average Balances ($000)
Avg Gross Loans HFI 1,984,700 2,175,170 2,202,766 2,222,946
Avg Loans HFS 0 0 0 0
Average Loans, Gross of Reserves 1,984,700 2,175,170 2,202,766 2,222,946
Avg Securities 2,284,921 2,147,579 2,250,759 2,254,426
Avg Other Int Earn Assets 204,527 230,194 169,052 183,903
Avg Secs & Other Int Earn Assets 2,489,448 2,377,773 2,419,811 2,438,329
Avg Interest Earning Assets 4,474,148 4,552,943 4,622,577 4,661,275
Avg Assets 4,669,959 4,754,848 4,821,345 4,862,988
Avg CDs 501,857 604,814 597,640 577,975
Avg Other Interest-bearing Deposits 2,669,989 2,675,355 2,731,556 2,744,269
Avg Interest-bearing Deposits 3,171,846 3,280,169 3,329,196 3,322,244
Avg Debt 520,190 434,566 439,957 439,618
Avg Interest-bearing Liabs 3,692,036 3,714,735 3,769,153 3,761,862
Avg Noninterest-bearing Deposits 675,941 706,959 710,738 753,604
Avg Total Deposits 3,847,787 3,987,128 4,039,934 4,075,848
Avg Preferred Equity 0 0 0 0
Avg Common Equity 243,319 263,936 272,191 277,502
Avg Equity 243,319 263,936 272,191 277,502
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