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Third Century Bancorp reports recurring earnings and dividend updates as the Indiana corporation and parent company of Mutual Savings Bank. Mutual Savings Bank is a full-service financial institution founded in 1890 and based in Johnson County, Indiana, with banking offices in Franklin, Trafalgar, and Greenwood.
Company news commonly covers net income, earnings per share, loan and deposit growth, net interest income and margin, non-interest income from service charges and Trust Department fees, credit-loss provisions, funding costs, tangible book value, and board-declared cash dividends.
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.
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