Century Bank in Lucedale, Mississippi (MS), AL
Overview, Financial Summary, Detailed Financial Reports, Branches


Century Bank - Overview

  • General
  • FDIC 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
  • Location
  • Address: 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 Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total 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
  • 105Total employees (full-time equivalent)
  • $241,025Total assets
  • $18,230Cash and due from depository institutions
  • $9,506Interest-bearing balances
  • $68,987Securities
  • $175Federal funds sold & reverse repurchase agreements
  • $130,151Net loans & leases
  • $1,875Loan loss allowance
  • $0Trading account assets
  • $8,958Bank premises and fixed assets
  • $1,715Other real estate owned
  • $85Goodwill and other intangibles
  • $241,025Life insurance assets
  • $12,724All other assets
  • $216,821Total liabilities and capital
  • $196,085Total liabilities
  • $138,757Total deposits
  • $196,085Interest-bearing deposits
  • $89Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $16,970Trading liabilities
  • $0Other borrowed funds
  • $3,766Subordinated debt
  • $24,204All other liabilities
  • $24,204Total equity capital
  • $24,204Total bank equity capital
  • $0Perpetual preferred stock
  • $516Common stock
  • $7,168Surplus
  • $16,520Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $908Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $2,183Income earned, not collected on loans
  • $0Earning assets
  • $1,748Long-term assets (5+ years)
  • $208,819Average Assets, year-to-date
  • $48,135Average Assets, quarterly
  • $244,962Volatile liabilities
  • $242,533Insider loans
  • $173,756FHLB advances
  • $241,039Loans and leases held for sale
  • $7,662Unused loan commitments
  • $2,080Tier 1 (core) risk-based capital
  • $24,626Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $5,582Total unused commitments
  • $10,740Restructured Loans and leases
  • $1,372Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $11,192Total interest income
  • $1,577Total interest expense
  • $9,615Net interest income
  • $686Provision for loan and lease losses
  • $3,199Total noninterest income
  • $0Fiduciary activities
  • $2,109Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,090Additional noninterest income
  • $9,800Total noninterest expense
  • $4,488Salaries and employee benefits
  • $1,245Premises and equipment expense
  • $4,067Additional noninterest expense
  • $2,328Pre-tax net operating income
  • -$296Securities gains (losses)
  • $199Applicable income taxes
  • $1,833Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,833Net income attributable to bank
  • $0Net charge-offs
  • $1,833Cash dividends
  • $804Sale, conversion, retirement of capital stock, net
  • $257Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.22%Yield on earning assets
  • 0.74%Cost of funding earning assets
  • 4.48%Net interest margin
  • 1.49%Noninterest income to earning assets
  • 4.57%Noninterest expense to earning assets
  • 0.86%Net operating income to assets
  • 0.75%Return on assets (ROA)
  • 0.83%Pretax return on assets
  • 7.98%Return on equity (ROE)
  • 6.86%Retained earnings to average equity (YTD only)
  • 0.60%Net charge-offs to loans
  • 85.32%Credit loss provision to net charge-offs
  • 3.75%Efficiency ratio
  • 76,479Assets per employee
  • 2.30%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 14.02%Loss allowance to loans
  • 1.42%Loss allowance to noncurrent loans
  • 85.89%Noncurrent assets plus other real estate owned to assets
  • 1.73%Noncurrent loans to loans
  • 1.65%Net loans and leases to deposits
  • 66.37%Net loans and leases to core deposits
  • 69.84%Equity capital to assets
  • 10.04%Core capital (leverage) ratio
  • 10.22%Tier 1 risk-based capital ratio
  • 14.17%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $244,962Average earning assets
  • $22,963Average equity
  • $214,439Average loans

List of branches

  • 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
  • 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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