Centennial Bank

Headquarters

620 Chestnut Street
Conway, AR 72032
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.05% 1.40% →
1-Year CD 0.20% 1.15% →
2-Year CD 0.35% 1.26% →
5-Year CD 0.55% 2.25% →
30-Year Mortgage N.A. 3.09% →
15-Year Mortgage N.A. 2.59% →
HELOC N.A. 2.77% →

2020 Overview

General Bank Information

Centennial Bank is an FDIC insured institution located in Conway, AR. It was founded in 1903 and has approximately $15.02 billion in assets. Customers can open an account at one of its 207 branches.

FDIC Insured Yes
FDIC Certificate # 11241
Date Established 1903
Assets $ 15.02 billion
Loans $ 10.77 billion
Deposits $ 11.39 billion
Capital $ 2.76 billion
 

For a more detailed analysis of Centennial Bank's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Deposit Rates - July 6, 2020

Your Current Location: Connecticut, CT 06828

Savings and Money Market Rates APY MIN MAX
Savings
0.05% $100 - Learn More
Money Market
0.10% $1 - Learn More
Premium Money Market Account
0.05% $10,000 $24,999 Learn More
Premium Money Market Account
0.10% $25,000 $49,999 Learn More
CD Rates APY MIN MAX
3 Mo CD
0.05% $500 - Learn More
6 Mo CD
0.10% $500 - Learn More
12 Mo CD
0.20% $500 - Learn More
18 Mo CD
0.20% $500 - Learn More
24 Mo CD
0.35% $500 - Learn More
30 Mo CD
0.35% $500 - Learn More
36 Mo CD
0.35% $500 - Learn More
48 Mo CD
0.35% $500 - Learn More
60 Mo CD
0.55% $500 - Learn More

Fixed IRA Rates APY MIN MAX
Fixed IRA
0.20% $100 - Learn MoreShow Less
Variable IRA Rates APY MIN MAX
Var IRA
0.20% $1 - Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.02% $1 $2,499 Learn MoreShow Less
Int Ckg
0.02% $2,500 $9,999 Learn MoreShow Less

Loan Rates - July 6, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for Centennial Bank

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:




Featured - Connecticut 30 Year Fixed Mortgage Rates 2020

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
AimLoan.com
NMLS ID: 2890
License#: 13256
3.039% 3.000% 0.50 $1,250 $1,055 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More

Note to Centennial Bank
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Branches

Centennial Bank branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Fairfield,Connecticut


Centennial Bank Locations


Financial Details

Centennial Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Centennial Bank. The data is provided by the FDIC. All banks listed on BestCashCow.com are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
Centennial Bank U.S. Bank Average
2.24% 6.51%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.

As of December 31, 2019, Centennial Bank had $54,847,000 in non-current loans and $9,143,000 in owned real estate. To cover these potential losses it had $2,755,317,000 in equity and $102,122,000 in loans loss reserves. That gives it a Texas Ratio of 2.24%.

Return on Equity
Centennial Bank U.S. Bank Average
11.68% 9.41%

Centennial Bank has a Return on Equity of 11.68% versus the BestCashCow average of 9.41%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.

Capitalization
Centennial Bank U.S. Bank Average
18.35% 12.82%

Centennial Bank has a Capitalization of 18.35% versus the BestCashCow average of 12.82. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.

Centennial Bank Balance Sheet Analysis

As of December 31, 2019, Centennial Bank had assets of $15,015,801,000, loans of $10,767,588,000, and deposits of $11,388,980,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.

Summary Balance Sheet

December 31, 2019
ASSETS
Cash & Balances due from depository institutions $ 488.22 million
Interest-bearing balances $ 319.35 million
Total securities $ 2.08 billion
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 10.77 billion
Loan loss allowance $ 102.12 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 9.14 million
Goodwill and other intangibles $ 994.98 million
All other assets $ 395.91 million
     Total Assets $ 12.26 billion
LIABILITIES
Total deposits $ 11.39 billion
      Interest-bearing deposits $ 8.91 billion
      Deposits held in domestic offices $ 11.39 billion
      % insured (estimated) 51.01%
Federal funds purchased and repurchase agreements $ 148.73 million
Trading liabilities N.A.
Other borrowed funds $ 621.44 million
Subordinated debt N.A.
All other liabilities $ 101.34 million
      Total Liabilities $ 12.26 billion
      Shareholders’ Equity $ 2.76 billion

Summary Income Statement

December 31, 2019
INCOME AND EXPENSES
Total Interest Income $ 725.57 million
Total Interest Expense $ 133.90 million
Net interest income $ 591.67 million
Provision for loan and lease losses $ 1.33 million
Total non interest income $ 90.36 million
Total non interest expense $ 259.49 million
Pre-tax Net Operating Income $ 421.21 million

Bank Loan Profile?

The top three loan types in Centennial Bank’s loan portfolio are Commercial Real Estate, 1-4 Family Residential Loans, and Construction and Development Loans.

Compared to other banks in Arkansas, Centennial Bank has a significantly higher percent of Construction and Development Loans, Commercial Real Estate on its balance sheet, potentially indicating a specialty in that lending area.

Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 16.90
Multifamily
Mortgages
4.53
Credit Card Loans 0.00
Consumer Auto Loans 0.06
Small Business Loans 7.23
Construction and Development Loans 16.50
Commercial Real Estate 40.98
Commercial and Industrial Loans 14.19
Farm Loans 0.59

Frequently Asked Questions About Centennial Bank

Branches and Savings

Is Centennial Bank FDIC insured?

Yes. It is covered under FDIC Certificate #11241.

Why does Centennial Bank pay such low interest on savings accounts?

See the best online savings rates here. See the best local savings rates here.

Why are Centennial Bank CD rates not competitive?

See the best online CD rates here. See the best local CD rates here.

Is Centennial Bank a commercial bank?

Yes

Where are Centennial Bank locations?

See branch locations nearby.

Is Centennial Bank open on Saturdays?

Is Centennial Bank open on Sundays?

What time does Centennial Bank open?

What time does Centennial Bank close?

Are Centennial Bank ATMs Open 24/7?

Do Centennial Bank ATMs accept cash deposits?

Can Centennial Bank customers use other ATMs?

Do Centennial Bank branches have notaries?

Will Centennial Bank notarize my document?

What address for Centennial Bank should I put for incoming ACH transfers?

Will the Centennial Bank branch print checks?

Do Centennial Bank checks expire?

Does Centennial Bank require US citizenship to open account?

Can Centennial Bank close my account?

Does Centennial Bank Report to credit bureaus?

Does Centennial Bank Use Equifax?

What is Centennial Bank's ACH Routing Number?

What is Centennial Bank's SWIFT code?

Products

Does Centennial Bank offer mortgages?

Compare mortgage rates here.

Does Centennial Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Centennial Bank offer personal loans?

Compare personal loan rates here.

Does Centennial Bank offer student loans?

Will Centennial Bank cash a check?

Will Centennial Bank redeem a savings bond?

Does Centennial Bank cash savings bonds?

Will Centennial Bank cash money orders?

Can Centennial Bank issue a money order?

Does Centennial Bank do currency exchange?

Background on The Bank

Who owns Centennial Bank?

How long has Centennial Bank been around?

Can Centennial Bank transfer to other banks?

Does Centennial Bank have quick pay?

Does Centennial Bank accept rolled coins?

Will Centennial Bank accept loose change?

Where is Centennial Bank headquarters?

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