Century Bank
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Income Statement

Financial Highlights
2020 FQ2 YTD
6/30/2020
2019 FY
12/31/2019
2018 FY
12/31/2018
2017 FY
12/31/2017
2016 FY
12/31/2016
Interest Income 75,915 159,139 137,056 113,436 96,699
Interest Expense 24,896 63,350 44,480 27,820 22,617
Net Interest Income 51,019 95,789 92,576 85,616 74,082
FTE Net Interest Income 54,922 104,857 101,430 99,595 86,999
Provision for Loan Losses 2,775 1,250 1,350 1,790 1,375
Trading Account Income 0 0 0 0 0
Foreign Exchange Income 0 0 0 0 0
Trust Revenue 309 695 637 553 431
Service Charges on Deposits 4,319 9,220 8,560 8,586 7,907
Gain on Sale of Loans (FAS 140) 0 412 0 370 1,331
Loan Fees & Charges 124 280 268 204 539
Bank-owned Life Insurance Revenue 814 1,262 836 1,090 1,194
Insurance Revenue 0 0 0 0 0
Investment Banking & Brokerage 131 277 348 353 315
Other Noninterest Income 2,673 6,179 5,364 5,338 4,441
Total Noninterest Income 8,370 18,325 16,013 16,494 16,158
Realized Gain on Securities (19) 153 235 47 64
Nonrecurring Revenue 0 0 0 11 0
Compensation & Benefits 21,658 44,014 42,710 40,517 38,516
Occupancy & Equipment 4,770 9,484 9,224 9,032 8,992
Marketing and Promotion Expense 800 2,132 2,346 2,315 2,185
Professional Fees NA 3,066 2,908 2,742 2,423
Tech & Communications Expense NA 5,240 4,688 4,039 3,935
Amrt of Intang & Goodwill Impair 0 0 0 0 0
Foreclosure & Repo NA 213 59 0 0
Other Expense 7,987 8,059 7,758 8,474 8,706
Total Noninterest Expense 35,215 72,208 69,693 67,119 64,757
Nonrecurring Expense 0 0 0 0 0
Pre-Provision Net Revenue 28,077 50,974 47,750 48,970 38,400
Non-FTE Pre-Provision Net Revenue 24,174 41,906 38,896 34,991 25,483
Net Income before Taxes 21,380 40,809 37,781 33,259 24,172
Provision for Taxes 1,658 1,110 1,568 10,958 (362)
Effective Tax Rate(%) 7.75 2.72 4.15 32.95 (1.50)
Min Int & Oth after-tax Items 0 0 0 0 0
Extraordinary Items 0 0 0 0 0
Net Income 19,722 39,699 36,213 22,301 24,534
Net Income Attributable to Noncontrolling Int 0 0 0 0 0
Net Income Attributable to Parent 19,722 39,699 36,213 22,301 24,534
Preferred Dividends 0 0 0 0 0
Other Preferred Dividends after Net Income 0 0 0 0 0
Other Changes to Net Income 0 0 0 0 0
Net Income Avail to Common 19,722 39,699 36,213 22,301 24,534
Net Income for Diluted EPS 19,722 39,699 36,213 22,301 24,534
EPS after Extra($) 3.54 7.13 6.50 4.01 4.41
EPS after Extra Growth(%) 4.40 9.70 62.10 (9.10) 6.80
Pre-Provision Earnings per Share($) 3.43 5.95 5.52 4.09 2.98
Comprehensive Income
Net Income 19,722 39,699 36,213 22,301 24,534
Preferred Dividend Adjustment to Comprehensive Inc 0 0 0 0 0
Total Other Comprehensive Income 1,006 (5,350) 6,132 155 3,164
Comprehensive Income 20,728 34,349 42,345 22,456 27,698
Interest Income Earned On:
Interest Earned on Loans 45,914 96,718 87,054 79,523 70,267
Int Inc: Securities 33,226 67,438 55,358 45,795 38,113
Int Inc: Other Earn Assets 678 4,051 3,498 2,097 1,236
Int Inc: Secs & Oth Earn Assets 33,904 71,489 58,856 47,892 39,349
Int Inc: Total Earn Assets 79,818 168,207 145,910 127,415 109,616
Interest Expense Incurred On:
Int Exp: CDs 6,283 11,804 10,208 7,919 5,706
Int Exp: Other Deposits 14,877 42,353 25,679 11,922 7,562
Int Exp: Total Deposits 21,160 54,157 35,887 19,841 13,268
Int Exp: Debt 3,736 9,193 8,593 7,979 9,349
Int Exp: Total Int-bearing Liab 24,896 63,350 44,480 27,820 22,617
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.