Century Bank

Headquarters

4282 Main Street
Lucedale, MS 39452
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 0.66% →
1-Year CD 0.20% 0.67% →
2-Year CD 0.35% 0.75% →
5-Year CD 0.55% 1.15% →
30-Year Mortgage N.A. 2.72% →
15-Year Mortgage N.A. 2.36% →
HELOC N.A. 2.79% →

2021 Overview

General Bank Information

Century Bank is an FDIC insured institution located in Lucedale, MS. It was founded in 1903 and has approximately $0.42 billion in assets. Customers can open an account at one of its 11 branches.

FDIC Insured Yes
FDIC Certificate # 11448
Date Established 1903
Assets $ 423.39 million
Loans $ 250.42 million
Deposits $ 360.33 million
Capital $ 39.29 million
 

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

Deposit Rates - April 16, 2021

Your Current Location: Washington, WA 98101

Savings and Money Market Rates APY MIN MAX
Money Market
0.10% $2,500 $2,999 Learn More
Money Market
0.10% $10,000 $14,999 Learn More
Money Market
0.10% $25,000 $29,999 Learn More
CD Rates APY MIN MAX
6 Mo CD
0.10% $10,000 $14,999 Learn More
6 Mo CD
0.10% $100,000 $199,999 Learn More
12 Mo CD
0.20% $10,000 $14,999 Learn More
12 Mo CD
0.20% $100,000 $199,999 Learn More
18 Mo CD
0.25% $10,000 $14,999 Learn More
18 Mo CD
0.25% $100,000 $199,999 Learn More
24 Mo CD
0.35% $10,000 $14,999 Learn More
24 Mo CD
0.35% $100,000 $199,999 Learn More
36 Mo CD
0.45% $10,000 $14,999 Learn More
36 Mo CD
0.45% $100,000 $199,999 Learn More
48 Mo CD
0.50% $10,000 $14,999 Learn More
48 Mo CD
0.50% $100,000 $199,999 Learn More
60 Mo CD
0.55% $10,000 $14,999 Learn More
60 Mo CD
0.55% $100,000 $199,999 Learn More

Int Checking Rates APY MIN MAX
Int Ckg
0.05% $2,500 $3,499 Learn MoreShow Less
 

Loan Rates - April 16, 2021

Your Current Location: Washington, WA 98101

There are currently no loan rates available for Century Bank

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




Featured - Washington 30 Year Fixed Mortgage Rates 2021

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
Test Advertiser QA
NMLS ID:
2.432% 2.375% 0.75 $1,875 $972 Learn More
Rocket Mortgage
NMLS ID: 3030
3.368% 3.250% 1.00 $3,750 $1,089 Learn More

Featured - Washington Home Equity Line Of Credit Rates 2021

Lender APR (%)? Monthly Payment? Learn More
Test Advertiser QA
Test Advertiser QA
See Table
0.000 %
$0 Learn More
More Info
Bethpage Federal Credit Union
Bethpage Federal Credit Union
See Table
Intro APR
2.990 %
After Intro: 3.750 %
Intro Period: 12 months
$25,000 Learn More
More Info

Note to Century Bank
To upload and update your bank's rates please register. It is free to register and add rates.

Branches

Century 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:
Seattle,Washington


Century Bank Locations


Financial Details

Century Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Century 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
Century Bank U.S. Bank Average
3.54% 5.49%

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, 2020, Century Bank had $1,517,000 in non-current loans and $19,000 in owned real estate. To cover these potential losses it had $39,290,000 in equity and $4,152,000 in loans loss reserves. That gives it a Texas Ratio of 3.54%.

Return on Equity
Century Bank U.S. Bank Average
9.83% 9.24%

Century Bank has a Return on Equity of 9.83% versus the BestCashCow average of 9.24%. 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
Century Bank U.S. Bank Average
9.28% 11.96%

Century Bank has a Capitalization of 9.28% versus the BestCashCow average of 11.96. 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.

Century Bank Balance Sheet Analysis

As of December 31, 2020, Century Bank had assets of $423,388,000, loans of $250,419,000, and deposits of $360,329,000. 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, 2020
ASSETS
Cash & Balances due from depository institutions $ 36.99 million
Interest-bearing balances $ 27.51 million
Total securities $ 105.98 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 250.42 million
Loan loss allowance $ 4.15 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.02 million
Goodwill and other intangibles N.A.
All other assets $ 15.22 million
     Total Assets $ 384.10 million
LIABILITIES
Total deposits $ 360.33 million
      Interest-bearing deposits $ 215.43 million
      Deposits held in domestic offices $ 360.33 million
      % insured (estimated) 76.22%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 18.00 million
Subordinated debt N.A.
All other liabilities $ 5.77 million
      Total Liabilities $ 384.10 million
      Shareholders’ Equity $ 39.29 million

Summary Income Statement

December 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 15.98 million
Total Interest Expense $ 2.05 million
Net interest income $ 13.93 million
Provision for loan and lease losses $ 1.29 million
Total non interest income $ 3.87 million
Total non interest expense $ 12.40 million
Pre-tax Net Operating Income $ 4.12 million

Bank Loan Profile?

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

Compared to other banks in Mississippi, Century Bank has a significantly higher percent of Credit Card Loans, Consumer Auto Loans, Construction and Development Loans 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 23.07
Multifamily
Mortgages
0.00
Credit Card Loans 0.34
Consumer Auto Loans 10.74
Small Business Loans 11.88
Construction and Development Loans 15.24
Commercial Real Estate 25.48
Commercial and Industrial Loans 14.33
Farm Loans 0.27

Frequently Asked Questions About Century Bank

Branches and Savings

Is Century Bank FDIC insured?

Yes. It is covered under FDIC Certificate #11448.

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

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

Why are Century Bank CD rates not competitive?

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

Is Century Bank a commercial bank?

Yes

Where are Century Bank locations?

See branch locations nearby.

Is Century Bank open on Saturdays?

Is Century Bank open on Sundays?

What time does Century Bank open?

What time does Century Bank close?

Are Century Bank ATMs Open 24/7?

Do Century Bank ATMs accept cash deposits?

Can Century Bank customers use other ATMs?

Do Century Bank branches have notaries?

Will Century Bank notarize my document?

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

Will the Century Bank branch print checks?

Do Century Bank checks expire?

Does Century Bank require US citizenship to open account?

Can Century Bank close my account?

Does Century Bank Report to credit bureaus?

Does Century Bank Use Equifax?

What is Century Bank's ACH Routing Number?

What is Century Bank's SWIFT code?

Products

Does Century Bank offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does Century Bank offer personal loans?

Compare personal loan rates here.

Does Century Bank offer student loans?

Will Century Bank cash a check?

Will Century Bank redeem a savings bond?

Does Century Bank cash savings bonds?

Will Century Bank cash money orders?

Can Century Bank issue a money order?

Does Century Bank do currency exchange?

Background on The Bank

Who owns Century Bank?

How long has Century Bank been around?

Can Century Bank transfer to other banks?

Does Century Bank have quick pay?

Does Century Bank accept rolled coins?

Will Century Bank accept loose change?

Where is Century Bank headquarters?

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