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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 (TDCB) reported a net income of $536,000 for Q4 2022, reflecting a 15.46% decline compared to $634,000 in Q4 2021. For the full year, net income decreased by 9.65% to $2.1 million, primarily due to a significant reduction in non-interest income, down 46.62% year-over-year. Despite challenges from rising interest rates, net interest income rose by 14.07%. Total assets increased by 16.12% to $280.5 million, driven by a 19.24% rise in loans. However, stockholders' equity dropped to $8.0 million from $21.5 million, impacted by unrealized losses in securities. TDCB remains well-capitalized to navigate economic challenges.
Third Century Bancorp (OTCPINK: TDCB) announced a dividend of $0.10 per share, with a record date of March 15, 2023, and payable date on April 4, 2023. This decision reflects the company's ongoing commitment to returning value to its shareholders. Founded in 1890, the parent company of Mutual Savings Bank operates primarily in
Third Century Bancorp (TDCB), based in Indiana, declared a $0.10 per share dividend for shareholders of record on December 15, 2022, with a payment date set for January 4, 2023. As of September 30, 2022, the bank reported $272 million in assets, reinforcing its stability within the financial sector. Founded in 1890, Mutual Savings Bank operates multiple branches across Franklin, Trafalgar, and Greenwood, Indiana.
Third Century Bancorp (TDCB) reported a net income of $639,000 for Q3 2022, down 18.49% from $784,000 in Q3 2021, resulting in earnings per share of $0.55 versus $0.66. A significant decline in non-interest income, particularly from investment securities and mortgage sales, contributed to this drop. Conversely, net interest income increased by 23.49% due to rising interest rates and loan growth. Total assets rose to $272.1 million, primarily driven by a 14.78% increase in loans. However, stockholders' equity fell from $21.5 million to $7.1 million amid rising market interest rates.
Third Century Bancorp (TDCB) announced the appointment of Philip L. Powell as a new director, effective October 1, 2022. Powell, a well-known figure in the Indiana community, brings over 37 years of business experience from his role as President of Allied Technologies, Inc. His appointment fills a director seat vacated earlier this year. President and CEO David A. Coffey expressed confidence that Powell's expertise and community connections will positively impact the bank, which has over $270 million in assets.
Third Century Bancorp (TDCB) announced a dividend of $0.10 per share, declared on August 18, 2022, for shareholders of record on September 15, 2022. The payment is scheduled for October 4, 2022. With assets of $272 million as of June 30, 2022, Mutual Savings Bank, the parent company of TDCB, continues to operate multiple branches in Indiana, including locations in Franklin, Trafalgar, and Greenwood.
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