Century Bank in Lucedale, Mississippi (MS), AL



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Century Bank routing number info

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Century Bank
GeneralFDIC Certificate #: 11448
Status: Active
Federal Reserve ID: 58636
Bank Holding Company (Regulatory Top Holder): Bancorp Of Lucedale, Inc. (RSSDID: 2468275, Location: Lucedale, MS)
Date Established: June 01, 1903
WWW: http://www.centurybank.net
Trust Powers Granted: No
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 10 (Domestic: 10, Interstate: Yes)
OTS Docket #: 11294
FDIC's unique #: 7311
Numeric code: 21
Regulator: FDIC
Insurance Fund Membership: Deposit Insurance Fund (DIF)
Insured commercial Banks: Yes
FDIC Insured: Yes
Deposit Insurance Fund member: Yes
Ownership Type: Non-Stock
FFIEC Call Report 31 Filer: No
State Chartered: Yes
Subchapter S Corporations: No
Asset Concentration Hierarchy: All Other Specialization < 1 Billion
Date of Deposit Insurance: January 01, 1934
Last Structure Change Effective Date: March 31, 2006
Last Structure Change Process Date: November 03, 2006
Last Data Update: November 03, 2006
Data Source Date: April 05, 2012
LocationAddress: 4282 Main Street, Lucedale, MS 39452
County: George
Quarterly Banking Profile Region: Dallas
FDIC Geographic Region: Dallas
FDIC Supervisory Region: Dallas
FDIC Field Office: Jackson Ms
Office of the Comptroller the Currency (OCC) District: Southwest
Office of Thrift Supervision Region: West
Combined Statistical Area (CSA): Gulfport-Biloxi-Pascagoula, MS (#274)
Core Based Statistical Area (CBSA): Pascagoula, MS (#37700)
CBSA Metro Statistical Area: Pascagoula, MS (#37700)
History of ChangesMerge BIF and SAIF Funds into DIF
Financial SummaryTotal assets: $241.0 mil
Equity capital: $24.2 mil
Deposits held in domestic offices: $196.1 mil
Return on assets (ROA): 0.75% ($1.8 mil)
Quarterly return on assets: 1.12% ($2.7 mil)
Return on Equity (ROE): 7.98% ($1.9 mil)
Quarterly return on equity: 11.48% ($2.8 mil)
Net income: $1.8 mil
Quarterly Net income: $0.7 mil
Pretax return on assets: 0.83% ($2,000.5 mil)
Quarterly Pretax return on assets: 0.86% ($2,072.8 mil)

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2011)
(Dollar figures in thousands)
Total employees (full-time equivalent)105
Total assets$241,025
Cash and due from depository institutions$18,230
Interest-bearing balances$9,506
Securities$68,987
Federal funds sold & reverse repurchase agreements$175
Net loans & leases$130,151
Loan loss allowance $1,875
Trading account assets$0
Bank premises and fixed assets$8,958
Other real estate owned$1,715
Goodwill and other intangibles$85
All other assets$12,724
Life insurance assets$241,025
Total liabilities and capital$216,821
Total liabilities$196,085
Total deposits$138,757
Interest-bearing deposits$196,085
Deposits held in domestic offices$89
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$16,970
Other borrowed funds $0
Subordinated debt $3,766
All other liabilities $24,204
Total equity capital$24,204
Total bank equity capital$24,204
Perpetual preferred stock$0
Common stock$516
Surplus$7,168
Undivided profits $16,520
Memoranda
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $908
Income earned, not collected on loans $2,183
Earning assets $0
Long-term assets (5+ years) $1,748
Average Assets, year-to-date $208,819
Average Assets, quarterly $48,135
Volatile liabilities $244,962
Insider loans $242,533
FHLB advances $173,756
Loans and leases held for sale $241,039
Unused loan commitments $7,662
Tier 1 (core) risk-based capital $2,080
Tier 2 risk-based capital $24,626
Total risk weighted assets $0
Total unused commitments $5,582
Restructured Loans and leases $10,740
Derivatives$1,372
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $11,192
Total interest expense $1,577
Net interest income $9,615
Provision for loan and lease losses $686
Total noninterest income $3,199
Fiduciary activities $0
Service charges on deposit accounts $2,109
Trading account gains & fees $0
Additional noninterest income $1,090
Total noninterest expense $9,800
Salaries and employee benefits $4,488
Premises and equipment expense $1,245
Additional noninterest expense $4,067
Pre-tax net operating income $2,328
Securities gains (losses) -$296
Applicable income taxes $199
Income before extraordinary items $1,833
Extraordinary gains - net $0
Net income attributable to bank $1,833
Net charge-offs $0
Cash dividends $1,833
Sale, conversion, retirement of capital stock, net $804
Net operating income $257
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets5.22%
Cost of funding earning assets 0.74%
Net interest margin 4.48%
Noninterest income to earning assets 1.49%
Noninterest expense to earning assets 4.57%
Net operating income to assets 0.86%
Return on assets (ROA) 0.75%
Pretax return on assets 0.83%
Return on equity (ROE) 7.98%
Retained earnings to average equity (YTD only) 6.86%
Net charge-offs to loans 0.60%
Credit loss provision to net charge-offs 85.32%
Efficiency ratio3.75%
Assets per employee$76,479
Cash dividends to net income (YTD only)2.30%
Condition Ratios (%)
Loss allowance to loans 14.02%
Loss allowance to noncurrent loans 1.42%
Noncurrent assets plus other real estate owned to assets 85.89%
Noncurrent loans to loans 1.73%
Net loans and leases to deposits1.65%
Net loans and leases to core deposits 66.37%
Equity capital to assets 69.84%
Core capital (leverage) ratio 10.04%
Tier 1 risk-based capital ratio 10.22%
Total risk-based capital ratio 14.17%
Memoranda
Average assets$15
Average earning assets$244,962
Average equity $22,963
Average loans $214,439
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4 Alabama Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
732883Mobile County Bank BranchUnion Church Road And Highway 90, Grand Bay, AL 36541August 31, 1985Full Service Brick and Mortar
82722605127 Moffat Road Branch5127 Moffat Road, Mobile, AL 36618July 01, 1934Full Service Brick and Mortar
9259133Tillman's Corner5370 Hwy 90 West, Mobile, AL 36628April 06, 1999Full Service Brick and Mortar
11442261West Moffett Commercial Park Shoppin7875 Moffett Road, Semmes, AL 36575July 21, 2005Full Service Brick and Mortar
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6 Mississippi Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
07311Century Bank4282 Main Street, Lucedale, MS 39452June 01, 1903Full Service Brick and Mortar
2224648East Central BranchHighways 613 And 614, Hurley, MS 39555January 06, 1975Full Service Brick and Mortar
4224650Escatawpa BranchNew Sarracenia Road And Highway 63, Escatawpa, MS 39552June 23, 1983Full Service Brick and Mortar
5224651Market Place Branch1002 Highway 63 South, Lucedale, MS 39452May 01, 1989Full Service Brick and Mortar
6357581Vancleave Branch11621 Highway 57, Vancleave, MS 39565November 05, 1999Full Service Brick and Mortar
10422400Walmart Branch11228 Hwy. 63 South, Lucedale, MS 39452July 17, 2002Full Service Brick and Mortar
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