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Third Century Bancorp (TDCB) is a prominent financial services company primarily engaged in providing a wide range of banking products and services. Known for its customer-centric approach, Third Century Bancorp offers personal and business banking solutions, including savings accounts, checking accounts, loans, and investment services. The company has been recognized for its strong financial health and robust operational efficiency.
In recent years, Third Century Bancorp has made significant advances in digital banking, enhancing customer experience through user-friendly online and mobile platforms. The company remains committed to innovation, continually updating its service offerings to meet the evolving needs of its clientele. Recent achievements include the successful launch of new financial products tailored to small and medium-sized enterprises (SMEs), which has been well-received in the market.
Third Century Bancorp maintains strong partnerships with leading financial technology firms to integrate cutting-edge tools and technologies, ensuring a seamless banking experience for its customers. The company’s strategic initiatives focus on expanding its market presence while maintaining high standards of customer service and regulatory compliance.
Financially, Third Century Bancorp boasts a solid balance sheet with consistent growth in assets and profitability. The company's prudent risk management practices and diversified portfolio have contributed to its stability and resilience in the face of economic fluctuations.
Overall, Third Century Bancorp continues to strengthen its position as a reliable and forward-thinking financial services provider, committed to delivering value to its shareholders and customers alike.
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.
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