Century Bank, a Federal Savings Bank in Sarasota, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of November 13, 2009

  • Century Bank, a Federal Savings Bank in Sarasota, Florida (FL)
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Century Bank, a Federal Savings Bank - Overview

  • General
  • FDIC Certificate #: 32267
    Status: Inactive
    Closing history: Corrections
    Acquiring institution: Iberiabank (#28100)
    Federal Reserve ID: 767479
    Date Established: January 23, 1985
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    OTS Docket #: 8071
    FDIC's unique #: 45101
    Numeric code: 33
    Regulator: OTS
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    FDIC Insured: Yes
    Insured Savings Institution: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: No
    Date of Deposit Insurance: January 23, 1985
    Last Structure Change Effective Date: November 13, 2009
    Last Structure Change Process Date: November 16, 2009
    Last Data Update: November 16, 2009
    Data Source Date: April 05, 2012
  • Location
  • Address: 1680 Fruitville Road, Sarasota, FL 34236
    County: Sarasota
    Quarterly Banking Profile Region: Atlanta
    FDIC Geographic Region: Atlanta
    FDIC Supervisory Region: Atlanta
    FDIC Field Office: Tampa
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: Southeast
    Metropolitan Statistical Area (MSA): Sarasota-Bradenton, FL (#7510)
    Combined Statistical Area (CSA): Sarasota-Bradenton-Punta Gorda, FL (#494)
    Core Based Statistical Area (CBSA): North Port-Bradenton-Sarasota, FL (#35840)
    CBSA Metro Statistical Area: North Port-Bradenton-Sarasota, FL (#35840)
  • History of Changes
  • Absorption - Assisted
    Corrections
  • Financial Summary
  • Total assets: $755.9 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, 2008)

  • Dollar figures in thousands
  • 134Total employees (full-time equivalent)
  • $919,126Total assets
  • $52,294Cash and due from depository institutions
  • $47,511Interest-bearing balances
  • $53,883Securities
  • $705Federal funds sold & reverse repurchase agreements
  • $758,220Net loans & leases
  • $12,710Loan loss allowance
  • $0Trading account assets
  • $9,921Bank premises and fixed assets
  • $27,182Other real estate owned
  • $437Goodwill and other intangibles
  • $0Life insurance assets
  • $16,484All other assets
  • $919,126Total liabilities and capital
  • $880,007Total liabilities
  • $719,480Total deposits
  • $703,578Interest-bearing deposits
  • $719,480Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $648Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $147,000Other borrowed funds
  • $11,000Subordinated debt
  • $1,879All other liabilities
  • $39,119Total equity capital
  • $39,119Total bank equity capital
  • $39,119Perpetual preferred stock
  • $0Common stock
  • $556Surplus
  • $21,398Undivided profits
  • Memoranda
  • $17,165Noncurrent loans and leases
  • $50,090Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $55,275Earning assets
  • $0Long-term assets (5+ years)
  • $4,838Average Assets, year-to-date
  • $860,319Average Assets, quarterly
  • $0Volatile liabilities
  • $923,220Insider loans
  • $922,974FHLB advances
  • $302,103Loans and leases held for sale
  • $165Unused loan commitments
  • $147,000Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $50,090Total unused commitments
  • $74,620Restructured Loans and leases
  • $19,245Derivatives

Income and Expense (December 31, 2008)

  • Dollar figures in thousands
  • $56,875Total interest income
  • $33,709Total interest expense
  • $23,166Net interest income
  • $31,026Provision for loan and lease losses
  • $158Total noninterest income
  • $0Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $158Additional noninterest income
  • $15,742Total noninterest expense
  • $8,232Salaries and employee benefits
  • $2,493Premises and equipment expense
  • $5,017Additional noninterest expense
  • -$23,444Pre-tax net operating income
  • $366Securities gains (losses)
  • $0Applicable income taxes
  • -$23,078Income before extraordinary items
  • $0Extraordinary gains - net
  • -$23,078Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $18,335Sale, conversion, retirement of capital stock, net
  • $1,161Net operating income

Performance and Condition Ratios (December 31, 2008)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.50%Yield on earning assets
  • 3.85%Cost of funding earning assets
  • 2.65%Net interest margin
  • 0.02%Noninterest income to earning assets
  • 1.80%Noninterest expense to earning assets
  • -2.54%Net operating income to assets
  • -2.50%Return on assets (ROA)
  • -2.50%Pretax return on assets
  • -46.73%Return on equity (ROE)
  • -49.08%Retained earnings to average equity (YTD only)
  • 2.28%Net charge-offs to loans
  • 169.22%Credit loss provision to net charge-offs
  • 0.41%Efficiency ratio
  • 64,050Assets per employee
  • 6.86%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • -5.03%Loss allowance to loans
  • 1.65%Loss allowance to noncurrent loans
  • 22.99%Noncurrent assets plus other real estate owned to assets
  • 8.97%Noncurrent loans to loans
  • 7.17%Net loans and leases to deposits
  • 105.38%Net loans and leases to core deposits
  • 134.19%Equity capital to assets
  • 4.26%Core capital (leverage) ratio
  • 4.63%Tier 1 risk-based capital ratio
  • 6.51%Total risk-based capital ratio
  • Memoranda
  • $9Average assets
  • $923,220Average earning assets
  • $49,388Average equity
  • $875,094Average loans

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