Century Bank
Online Banking Login

Income Statement

Financial Highlights
3/31/2017
3/31/2018
6/30/2018
12/31/2018
Interest Income 26,639 31,430 33,408 137,056
Interest Expense 6,183 8,962 10,209 44,480
Net Interest Income 20,456 22,468 23,199 92,576
FTE Net Interest Income 23,792 24,545 25,372 101,430
Provision for Loan Losses 400 450 450 1,350
Trading Account Income 0 0 0 0
Foreign Exchange Income 0 0 0 0
Trust Revenue 116 164 154 637
Service Charges on Deposits 2,016 2,067 2,064 8,560
Gain on Sale of Loans (FAS 140) 101 0 0 0
Loan Fees & Charges 60 70 62 268
Bank-owned Life Insurance Revenue 314 305 192 836
Insurance Revenue 0 0 0 0
Investment Banking & Brokerage 56 81 96 348
Other Noninterest Income 1,246 1,318 1,167 5,364
Total Noninterest Income 3,909 4,005 3,735 16,013
Realized Gain on Securities 0 188 (13) 235
Nonrecurring Revenue 0 0 0 0
Compensation & Benefits 10,794 11,225 10,536 42,710
Occupancy & Equipment 2,447 2,431 2,241 9,224
Marketing and Promotion Expense 615 570 522 2,346
Professional Fees NA NA NA 2,908
Tech & Communications Expense NA NA NA 4,688
Amrt of Intang & Goodwill Impair 0 0 0 0
Foreclosure & Repo 0 0 0 0
Other Expense 3,869 3,775 3,860 7,817
Total Noninterest Expense 17,725 18,001 17,159 69,693
Nonrecurring Expense 0 0 0 0
Pre-Provision Net Revenue 9,976 10,549 11,948 47,750
Non-FTE Pre-Provision Net Revenue 6,640 8,472 9,775 38,896
Net Income before Taxes 6,240 8,210 9,312 37,781
Provision for Taxes 144 501 314 1,568
Effective Tax Rate(%) 2.31 6.10 3.37 4.15
Min Int & Oth after-tax Items 0 0 0 0
Extraordinary Items 0 0 0 0
Net Income 6,096 7,709 8,998 36,213
Net Income Attributable to Noncontrolling Int 0 0 0 0
Net Income Attributable to Parent 6,096 7,709 8,998 36,213
Preferred Dividends 0 0 0 0
Other Preferred Dividends after Net Income 0 0 0 0
Other Changes to Net Income 0 0 0 0
Net Income Avail to Common 6,096 7,709 8,998 36,213
Net Income for Diluted EPS 6,096 7,709 8,998 36,213
EPS after Extra($) 1.09 1.38 1.62 6.50
EPS after Extra Growth(%) 14.70 26.60 10.20 62.10
Pre-Provision Earnings per Share($) 0.77 1.20 1.39 5.52
Comprehensive Income
Net Income 6,096 7,709 8,998 36,213
Preferred Dividend Adjustment to Comprehensive Inc 0 0 0 0
Total Other Comprehensive Income 740 745 833 6,132
Comprehensive Income 6,836 8,454 9,831 42,345
Interest Income Earned On:
Interest Earned on Loans 18,297 20,291 21,281 87,054
Int Inc: Securities 11,285 12,333 13,535 55,358
Int Inc: Other Earn Assets 393 883 765 3,498
Int Inc: Secs & Oth Earn Assets 11,678 13,216 14,300 58,856
Int Inc: Total Earn Assets 29,975 33,507 35,581 145,910
Interest Expense Incurred On:
Int Exp: CDs 1,651 2,363 2,531 10,208
Int Exp: Other Deposits 2,501 4,676 5,517 25,679
Int Exp: Total Deposits 4,152 7,039 8,048 35,887
Int Exp: Debt 2,031 1,923 2,161 8,593
Int Exp: Total Int-bearing Liab 6,183 8,962 10,209 44,480
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.