Century Bank and Trust in Coldwater, Michigan (MI)
Overview, Financial Summary, Detailed Financial Reports, Branches

Century Bank and Trust - Overview

  • General
  • FDIC Certificate #: 5015
    Status: Active
    Federal Reserve ID: 694847
    Bank Holding Company (Regulatory Top Holder): Century Financial Corporation (RSSDID: 1491856, Location: Coldwater, MI)
    Date Established: January 01, 1909
    WWW: http://www.centurybankandtrust.com
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 13 (Domestic: 13, Interstate: No)
    OTS Docket #: 9914
    FDIC's unique #: 3345
    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: Commercial Lending Specialization
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: January 27, 2011
    Last Structure Change Process Date: January 27, 2011
    Last Data Update: January 27, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 100 West Chicago Street, Coldwater, MI 49036
    County: Branch
    Quarterly Banking Profile Region: Chicago
    FDIC Geographic Region: Chicago
    FDIC Supervisory Region: Chicago
    FDIC Field Office: Grand Rapids
    Office of the Comptroller the Currency (OCC) District: Central
    Office of Thrift Supervision Region: Central
    Core Based Statistical Area (CBSA): Coldwater, MI (#17740)
    CBSA Micro Statistical Area: Yes
  • Financial Summary
  • Total assets: $250.6 mil
    Equity capital: $26.9 mil
    Deposits held in domestic offices: $219.7 mil
    Return on assets (ROA): 0.44% ($1.1 mil)
    Quarterly return on assets: -0.16% (-$0.4 mil)
    Return on Equity (ROE): 4.10% ($1.1 mil)
    Quarterly return on equity: -1.47% (-$0.4 mil)
    Net income: $1.1 mil
    Quarterly Net income: -$0.1 mil
    Pretax return on assets: 0.49% ($1,227.9 mil)
    Quarterly Pretax return on assets: -0.29% (-$726.7 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
  • 120Total employees (full-time equivalent)
  • $250,601Total assets
  • $28,637Cash and due from depository institutions
  • $21,358Interest-bearing balances
  • $52,491Securities
  • $3,500Federal funds sold & reverse repurchase agreements
  • $146,900Net loans & leases
  • $3,025Loan loss allowance
  • $0Trading account assets
  • $5,396Bank premises and fixed assets
  • $670Other real estate owned
  • $348Goodwill and other intangibles
  • $250,601Life insurance assets
  • $12,659All other assets
  • $223,733Total liabilities and capital
  • $219,722Total liabilities
  • $181,314Total deposits
  • $219,722Interest-bearing deposits
  • $87Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $4,011Subordinated debt
  • $26,868All other liabilities
  • $26,868Total equity capital
  • $26,868Total bank equity capital
  • $0Perpetual preferred stock
  • $2,936Common stock
  • $15,000Surplus
  • $8,932Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $685Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $4,957Income earned, not collected on loans
  • $0Earning assets
  • $1,005Long-term assets (5+ years)
  • $224,249Average Assets, year-to-date
  • $18,617Average Assets, quarterly
  • $255,117Volatile liabilities
  • $252,410Insider loans
  • $175,692FHLB advances
  • $250,829Loans and leases held for sale
  • $7,151Unused loan commitments
  • $5,598Tier 1 (core) risk-based capital
  • $29,181Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $1,553Total unused commitments
  • $27,004Restructured Loans and leases
  • $6,751Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $9,376Total interest income
  • $1,063Total interest expense
  • $8,313Net interest income
  • $1,716Provision for loan and lease losses
  • $3,875Total noninterest income
  • $1,392Fiduciary activities
  • $899Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,584Additional noninterest income
  • $9,230Total noninterest expense
  • $4,775Salaries and employee benefits
  • $1,746Premises and equipment expense
  • $2,709Additional noninterest expense
  • $1,242Pre-tax net operating income
  • $0Securities gains (losses)
  • $132Applicable income taxes
  • $1,110Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,110Net income attributable to bank
  • $0Net charge-offs
  • $1,110Cash dividends
  • $2,406Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.09%Yield on earning assets
  • 0.46%Cost of funding earning assets
  • 3.63%Net interest margin
  • 1.69%Noninterest income to earning assets
  • 4.03%Noninterest expense to earning assets
  • 0.44%Net operating income to assets
  • 0.44%Return on assets (ROA)
  • 0.49%Pretax return on assets
  • 4.10%Return on equity (ROE)
  • 4.10%Retained earnings to average equity (YTD only)
  • 1.51%Net charge-offs to loans
  • 71.32%Credit loss provision to net charge-offs
  • 1.23%Efficiency ratio
  • 75,730Assets per employee
  • 2.09%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.02%Loss allowance to noncurrent loans
  • 61.02%Noncurrent assets plus other real estate owned to assets
  • 2.25%Noncurrent loans to loans
  • 3.31%Net loans and leases to deposits
  • 66.86%Net loans and leases to core deposits
  • 72.90%Equity capital to assets
  • 10.72%Core capital (leverage) ratio
  • 11.63%Tier 1 risk-based capital ratio
  • 16.61%Total risk-based capital ratio
  • Memoranda
  • $18Average assets
  • $255,117Average earning assets
  • $27,052Average equity
  • $228,999Average loans

Total Fiduciary and Related Assets (December 31, 2011)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $240,276Managed Assets
  • 1Number of Accounts
  • $224,750Personal trust and agency accounts
  • $63,659Employee benefit-defined contribution accounts
  • $20,241Employee benefit-defined benefit accounts
  • $7,197Other retirement accounts
  • $25,217Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $99,450Other fiduciary accounts
  • $8,950Fiduciary accounts held in foreign offices
  • $36Non-managed Assets
  • 608Number of Accounts
  • $0Personal trust and agency accounts
  • $25,217Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $15,526Other retirement accounts
  • $15,262Corporate trust and agency accounts
  • $254Other fiduciary accounts
  • $10Fiduciary accounts held in foreign offices

List of branches

  • 13 Michigan Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    03345Century Bank And Trust100 West Chicago Street, Coldwater, MI 49036January 01, 1909Full Service Brick and Mortar
    1206408Nottawa Branch25985 M-86, Nottawa, MI 49075April 23, 1973Limited Service Facility
    4228192Auto Bank Drive-In Branch66 North Monroe Street, Coldwater, MI 49036September 23, 1957Limited Service Facility
    5228193Fairfield Plaza Branch496 Marshall Street, Coldwater, MI 49036July 19, 1963Limited Service Facility
    6228194Reading Branch108 North Main Street, Reading, MI 49274April 04, 1939Full Service Brick and Mortar
    8228196East Branch745 East Chicago Road, Coldwater, MI 49036April 30, 1980Limited Service Facility
    9206411Sturgis West Branch201 South Centerville Road, Sturgis Township, MI 49091December 07, 1981Limited Service Facility
    10206412Sturgis Main300 West Chicago Road, Sturgis, MI 49091April 06, 1992Full Service Brick and Mortar
    11206413Bronson Branch106 East Chicago Road, Bronson, MI 49028September 27, 1993Full Service Brick and Mortar
    12206414Sturgis North1031 North Nottawa Street, Sturgis, MI 49091Febuary 13, 1996Limited Service Facility
    13362851Quincy Branch109 West Chicago Street, Quincy, MI 49082January 18, 2002Full Service Brick and Mortar
    14492974Three Rivers Branch1310 W Broadway, Three Rivers, MI 49093July 01, 2008Full Service Brick and Mortar
    15503132Messenger Service100 West Chicago Street, Coldwater, MI 49036Febuary 16, 2010Limited Service Messenger

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