Century Bank
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Income Statement

Financial Highlights
2019 FQ3 YTD
9/30/2019
2018 FY
12/31/2018
2017 FY
12/31/2017
2016 FY
12/31/2016
2015 FY
12/31/2015
Interest Income 118,621 137,056 113,436 96,699 90,093
Interest Expense 48,163 44,480 27,820 22,617 20,134
Net Interest Income 70,458 92,576 85,616 74,082 69,959
FTE Net Interest Income 77,333 101,430 99,595 86,999 81,099
Provision for Loan Losses 700 1,350 1,790 1,375 200
Trading Account Income 0 0 0 0 0
Foreign Exchange Income 0 0 0 0 0
Trust Revenue NA 637 553 431 259
Service Charges on Deposits 6,801 8,560 8,586 7,907 7,732
Gain on Sale of Loans (FAS 140) 154 0 370 1,331 1,034
Loan Fees & Charges NA 268 204 539 395
Bank-owned Life Insurance Revenue NA 836 1,090 1,194 1,102
Insurance Revenue 0 0 0 0 0
Investment Banking & Brokerage NA 348 353 315 380
Other Noninterest Income 6,618 5,364 5,338 4,441 4,497
Total Noninterest Income 13,573 16,013 16,494 16,158 15,399
Realized Gain on Securities 137 235 47 64 594
Nonrecurring Revenue 0 0 11 0 0
Compensation & Benefits 32,621 42,710 40,517 38,516 38,596
Occupancy & Equipment 7,126 9,224 9,032 8,992 8,742
Marketing and Promotion Expense NA 2,346 2,315 2,185 1,849
Professional Fees NA 2,908 2,742 2,423 2,319
Tech & Communications Expense NA 4,688 4,039 3,935 3,476
Amrt of Intang & Goodwill Impair 0 0 0 0 0
Foreclosure & Repo (139) 0 0 0 (57)
Other Expense 14,309 7,817 8,474 8,706 7,273
Total Noninterest Expense 53,917 69,693 67,119 64,757 62,198
Nonrecurring Expense 0 0 0 0 0
Pre-Provision Net Revenue 36,989 47,750 48,970 38,400 34,300
Non-FTE Pre-Provision Net Revenue 30,114 38,896 34,991 25,483 23,160
Net Income before Taxes 29,551 37,781 33,259 24,172 23,554
Provision for Taxes 584 1,568 10,958 (362) 533
Effective Tax Rate(%) 1.98 4.15 32.95 (1.50) 2.26
Min Int & Oth after-tax Items 0 0 0 0 0
Extraordinary Items 0 0 0 0 0
Net Income 28,967 36,213 22,301 24,534 23,021
Net Income Attributable to Noncontrolling Int 0 0 0 0 0
Net Income Attributable to Parent 28,967 36,213 22,301 24,534 23,021
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 28,967 36,213 22,301 24,534 23,021
Net Income for Diluted EPS 28,967 36,213 22,301 24,534 23,021
EPS after Extra($) 5.20 6.50 4.01 4.41 4.13
EPS after Extra Growth(%) 10.20 62.10 (9.10) 6.80 5.10
Pre-Provision Earnings per Share($) 4.27 5.52 4.09 2.98 2.70
Comprehensive Income
Net Income 28,967 36,213 22,301 24,534 23,021
Preferred Dividend Adjustment to Comprehensive Inc 0 0 0 0 0
Total Other Comprehensive Income 1,208 6,132 155 3,164 1,223
Comprehensive Income 30,175 42,345 22,456 27,698 24,244
Interest Income Earned On:
Interest Earned on Loans 71,772 87,054 79,523 70,267 62,998
Int Inc: Securities 50,520 55,358 45,795 38,113 37,799
Int Inc: Other Earn Assets 3,204 3,498 2,097 1,236 436
Int Inc: Secs & Oth Earn Assets 53,724 58,856 47,892 39,349 38,235
Int Inc: Total Earn Assets 125,496 145,910 127,415 109,616 101,233
Interest Expense Incurred On:
Int Exp: CDs 8,724 10,208 7,919 5,706 4,887
Int Exp: Other Deposits 32,593 25,679 11,922 7,562 5,855
Int Exp: Total Deposits 41,317 35,887 19,841 13,268 10,742
Int Exp: Debt 6,846 8,593 7,979 9,349 9,392
Int Exp: Total Int-bearing Liab 48,163 44,480 27,820 22,617 20,134
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.