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Third Century Bp (TDCB) delivers comprehensive banking and financial solutions through retail services, corporate credit facilities, and strategic advisory offerings. This news hub provides investors and stakeholders with essential updates about the company's operational developments and market position.
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Key content categories include dividend declarations, risk management framework enhancements, product portfolio expansions, and sustainability-related banking initiatives. All materials maintain factual accuracy while avoiding speculative commentary about future performance.
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Third Century Bancorp (OTCPINK: TDCB) reported strong Q1 2025 financial results, with net income reaching $449,000 ($0.38 per share), a 36.15% increase from $330,000 ($0.28 per share) in Q1 2024.
Key performance highlights include:
- Net interest income increased to $2.12 million, driven by higher interest income of $3.95 million and lower interest expenses
- Total assets grew to $314.11 million, up from $312.38 million in December 2024
- Deposits increased to $245.38 million from $240.99 million
- Stockholders' equity strengthened to $10.02 million, compared to $9.46 million in December 2024
The bank's improved performance was attributed to its focus on securing low-cost deposits and maintaining quality loan relationships, despite challenging economic conditions. The provision reversal for credit losses was ($43,000) compared to a $2,000 expense in the previous year, reflecting improved loan quality and early payoffs.
Third Century Bancorp (OTCPINK: TDCB), parent company of Mutual Savings Bank, has declared a dividend of $0.05 per share for shareholders of record on March 17, 2025, with payment scheduled for April 3, 2025.
Mutual Savings Bank, established in 1890, is a full-service financial institution managing $312 million in assets as of December 31, 2024. The bank operates its main office in Franklin, Indiana, along with additional branches in Franklin, Trafalgar, and Greenwood, Indiana.
Third Century Bancorp (OTCPINK: TDCB) reported strong financial results for Q4 and full-year 2024. The company's Q4 net income surged 95.31% to $492,000 ($0.42 per share) compared to $252,000 ($0.22 per share) in Q4 2023. Full-year 2024 net income increased 28.88% to $1,312,000 ($1.13 per share) from $1,018,000 ($0.88 per share) in 2023.
Key performance highlights include:
- Q4 interest income rose 8.90% to $3,989,000
- Non-interest income doubled to $385,000 in Q4
- Non-interest expenses decreased by 3.72% to $1,819,000
- Total assets stood at $312.4 million
- Loan portfolio grew 5.96% to $208.4 million
- Deposits decreased to $241.0 million from $246.1 million
Third Century Bancorp (OTCPINK: TDCB) has declared a dividend of $0.05 per share for shareholders of record on December 16, 2024, with payment scheduled for January 3, 2025. The dividend was approved by the Board of Directors on November 21, 2024. Mutual Savings Bank, the company's subsidiary, is a full-service financial institution with $324 million in assets as of September 30, 2024. The bank operates its main office in Franklin, Indiana, with additional branches in Franklin, Trafalgar, and Greenwood.
Third Century Bancorp (TDCB) reported Q3 2024 net income of $262,000 ($0.22 per share), down 3.39% from $271,000 ($0.23 per share) in Q3 2023. Net interest income rose to $2.0 million, with total interest income increasing 15.14% to $4,021,000, offset by a 33.44% rise in interest expense to $2,040,000. For the nine months ended September 30, 2024, net income increased 6.98% to $819,000. Total assets grew to $324.5 million, with loans held for investment increasing 4.66% to $203.4 million. The bank maintains strong credit quality with allowance for credit losses at 163% of non-performing loans.
Third Century Bancorp (OTCPINK: TDCB), the parent company of Mutual Savings Bank, has declared a dividend of $0.05 per share for shareholders of record on September 30, 2024. The dividend will be payable on October 15, 2024. Mutual Savings Bank, founded in 1890, is a full-service financial institution with assets exceeding $316 million. The bank operates its main office in Franklin, Indiana, along with additional branches in Franklin, Trafalgar, and Greenwood, Indiana.
Third Century Bancorp (OTCPINK: TDCB) reported unaudited net income of $228,000 for Q2 2024, or $0.19 per share, up from $175,000 ($0.15 per share) in Q2 2023. Key factors include:
1. Increased residential mortgage loan activity
2. Improved loan portfolio yield
3. Efficient non-interest expense management
For H1 2024, net income rose to $558,000, a 12.88% increase from $494,000 in H1 2023. Total assets grew to $316.5 million as of June 30, 2024. Loans held for investment increased by 1.14% to $199.0 million, while total deposits decreased to $242.5 million. Stockholders' equity stood at $9.43 million, up from $8.58 million a year ago but down from $9.51 million at the end of 2023.
Third Century Bancorp (OTCPINK: TDCB) has announced a $0.05 per share dividend for shareholders as of June 15, 2024.
The dividend will be paid on July 3, 2024. Operating as Mutual Savings Bank, Third Century Bancorp holds assets exceeding $312 million. The bank operates from its main office in Franklin, Indiana, with branches in Franklin, Trafalgar, and Greenwood.
Key executives include President and CEO David A. Coffey and Senior Vice President and CFO S. Paul Arab. For more information, view the source on businesswire.com.
