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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.
Access timely announcements including quarterly earnings reports, leadership changes, regulatory compliance updates, and strategic partnership details. Our curated collection enables efficient tracking of TDCB's financial performance indicators and industry-specific initiatives.
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.
Bookmark this page for streamlined access to TDCB's latest financial disclosures and operational updates. Combine regular monitoring with independent research to maintain informed perspectives on the company's evolving market role.
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.
Third Century Bancorp (TDCB) reported net income of $574,000 for Q2 2022, up from $508,000 for Q2 2021, translating to $0.50 per basic share. This increase was driven by a $306,000 rise in net interest income, largely from a 20.73% uptick in interest income due to asset growth. However, non-interest income dropped by $302,000, largely from a 42.40% decrease in the gain on sold mortgages. Total assets grew by 12.90% to $272.7 million. Stockholders’ equity fell to $8.7 million, impacted by $13.5 million in unrealized losses from securities.
Third Century Bancorp (OTCPINK: TDCB) declared a $0.10 dividend per share for shareholders of record on June 15, 2022, with an expected payment date of July 5, 2022. The bank has $261 million in assets as of March 31, 2022, and operates in Franklin, Trafalgar, and Greenwood, Indiana. Established in 1890, Mutual Savings Bank is its primary banking institution.
Third Century Bancorp reported a net income of $367,000 for Q1 2022, down 11.35% from $414,000 in Q1 2021. Earnings per share were $0.31, compared to $0.35 a year earlier. Despite a $198,000 drop in non-interest income, primarily due to decreased mortgage loan sales amid rising interest rates, net interest income rose by $173,000, supported by lower loan loss provisions. Total assets increased by $20 million to $261.6 million, while total deposits rose by $17.3 million. Shareholder equity fell to $16.5 million.
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