Century Next Bank

Headquarters

505 North Vienna Street
Ruston, LA 71270
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 0.91% →
1-Year CD N.A. 0.85% →
2-Year CD N.A. 0.95% →
5-Year CD N.A. 1.30% →
30-Year Mortgage N.A. 2.61% →
15-Year Mortgage N.A. 2.31% →
HELOC N.A. 2.79% →

2020 Overview

General Bank Information

Century Next Bank is an FDIC insured institution located in Ruston, LA. It was founded in 1905 and has approximately $0.49 billion in assets. Customers can open an account at one of its 3 branches.

FDIC Insured Yes
FDIC Certificate # 29700
Date Established 1905
Assets $ 493.98 million
Loans $ 405.80 million
Deposits $ 428.25 million
Capital $ 56.22 million
 

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

Deposit Rates - November 26, 2020

Your Current Location: Connecticut, CT 06828

 

Loan Rates - November 26, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for Century Next 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
First Internet Bank
NMLS ID: 424182
2.566% 2.500% 0.88 $2,170 $988 Learn More
AmeriSave Mortgage Corporation
NMLS ID: 1168
2.589% 2.500% 1.00 $2,915 $988 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
People's United Bank, N.A.
People's United Bank, N.A.
See Table
4.000 %
$0 Learn More
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Third Federal Savings and Loans
Third Federal Savings and Loans
See Table
2.240 %
$0 Learn More
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Note to Century Next Bank
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Branches

Century Next 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


Century Next Bank Locations


Financial Details

Century Next Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Century Next 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 Next Bank U.S. Bank Average
14.17% 6.94%

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 March 31, 2020, Century Next Bank had $7,556,000 in non-current loans and $942,000 in owned real estate. To cover these potential losses it had $56,221,000 in equity and $3,764,000 in loans loss reserves. That gives it a Texas Ratio of 14.17%.

Return on Equity
Century Next Bank U.S. Bank Average
7.63% 7.80%

Century Next Bank has a Return on Equity of 7.63% versus the BestCashCow average of 7.80%. 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 Next Bank U.S. Bank Average
11.38% 12.68%

Century Next Bank has a Capitalization of 11.38% versus the BestCashCow average of 12.68. 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 Next Bank Balance Sheet Analysis

As of March 31, 2020, Century Next Bank had assets of $493,983,000, loans of $405,800,000, and deposits of $428,249,000. 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

March 31, 2020
ASSETS
Cash & Balances due from depository institutions $ 55.39 million
Interest-bearing balances $ 46.45 million
Total securities $ 0.63 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 405.80 million
Loan loss allowance $ 3.76 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.94 million
Goodwill and other intangibles $ 4.34 million
All other assets $ 16.98 million
     Total Assets $ 437.76 million
LIABILITIES
Total deposits $ 428.25 million
      Interest-bearing deposits $ 376.88 million
      Deposits held in domestic offices $ 428.25 million
      % insured (estimated) 71.46%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 6.43 million
Subordinated debt N.A.
All other liabilities $ 3.08 million
      Total Liabilities $ 437.76 million
      Shareholders’ Equity $ 56.22 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 6.30 million
Total Interest Expense $ 1.23 million
Net interest income $ 5.07 million
Provision for loan and lease losses $ 0.36 million
Total non interest income $ 0.87 million
Total non interest expense $ 4.13 million
Pre-tax Net Operating Income $ 1.44 million

Bank Loan Profile?

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

Compared to other banks in Louisiana, Century Next Bank has a significantly higher percent of Multifamily Mortgages 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 35.36
Multifamily
Mortgages
6.63
Credit Card Loans 0.00
Consumer Auto Loans 2.35
Small Business Loans 0.00
Construction and Development Loans 7.59
Commercial Real Estate 30.33
Commercial and Industrial Loans 13.49
Farm Loans 0.14

Frequently Asked Questions About Century Next Bank

Branches and Savings

Is Century Next Bank FDIC insured?

Yes. It is covered under FDIC Certificate #29700.

Why does Century Next 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 Next Bank CD rates not competitive?

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

Is Century Next Bank a commercial bank?

Yes

Where are Century Next Bank locations?

See branch locations nearby.

Is Century Next Bank open on Saturdays?

Is Century Next Bank open on Sundays?

What time does Century Next Bank open?

What time does Century Next Bank close?

Are Century Next Bank ATMs Open 24/7?

Do Century Next Bank ATMs accept cash deposits?

Can Century Next Bank customers use other ATMs?

Do Century Next Bank branches have notaries?

Will Century Next Bank notarize my document?

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

Will the Century Next Bank branch print checks?

Do Century Next Bank checks expire?

Does Century Next Bank require US citizenship to open account?

Can Century Next Bank close my account?

Does Century Next Bank Report to credit bureaus?

Does Century Next Bank Use Equifax?

What is Century Next Bank's ACH Routing Number?

What is Century Next Bank's SWIFT code?

Products

Does Century Next Bank offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does Century Next Bank offer personal loans?

Compare personal loan rates here.

Does Century Next Bank offer student loans?

Will Century Next Bank cash a check?

Will Century Next Bank redeem a savings bond?

Does Century Next Bank cash savings bonds?

Will Century Next Bank cash money orders?

Can Century Next Bank issue a money order?

Does Century Next Bank do currency exchange?

Background on The Bank

Who owns Century Next Bank?

How long has Century Next Bank been around?

Can Century Next Bank transfer to other banks?

Does Century Next Bank have quick pay?

Does Century Next Bank accept rolled coins?

Will Century Next Bank accept loose change?

Where is Century Next Bank headquarters?

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