Century Next Fin Stock Price, News & Analysis

Century Next Financial Corporation (OTCQX: CTUY) is a financial holding company in the savings institutions segment of the finance and insurance sector. The company is the parent of Century Next Bank, an insured federally chartered covered savings association. According to company disclosures, Century Next Bank conducts business from its main office in Ruston, Louisiana and operates as a full-service bank.

The company states that it was formed in 2010 and is subject to regulatory oversight by the Board of Governors of the Federal Reserve System. Century Next Bank, its wholly owned subsidiary, was established in 1905 and is headquartered in Ruston, Louisiana. The bank is subject to regulatory oversight by the Office of the Comptroller of the Currency as a federally chartered institution.

Banking footprint and customer focus

Century Next Bank reports that it serves customers through four locations in Louisiana and three locations in Arkansas. In Louisiana, it operates two banking offices in Ruston, one banking office in Monroe, and one banking office in West Monroe. In Arkansas, it operates two banking offices in Crossett and one banking office in Hamburg.

Based on the company’s own description, the bank emphasizes professional and personal banking service directed primarily to small and medium-sized businesses, professionals, and individuals. This focus shapes its lending and deposit activities across its service areas in Louisiana and Arkansas.

Primary business activities

Century Next Bank describes itself as a full-service bank that provides a range of banking services. The company highlights that its primary business is real estate lending to residential and commercial customers. Its public financial reports discuss loan portfolios that include residential 1–4 family loans, commercial real estate loans, residential construction loans, land loans, multi-family loans, consumer loans, agricultural real estate loans, and home equity lines of credit, as well as residential 1–4 family loans held for sale.

On the funding side, company disclosures describe a deposit base that includes noninterest-bearing checking, interest-bearing checking, savings, money market accounts, time deposits, and brokered time deposits. These deposits, together with long-term borrowings, support the bank’s lending and investment activities.

Balance sheet structure and asset mix

Century Next Financial Corporation’s public financial information shows that total assets are composed primarily of loans, investment securities, cash and cash equivalents, and other assets. Loans, net of deferred fees and costs and allowance for credit losses, are repeatedly identified as the largest component of assets. The company also reports holdings of investment securities, primarily classified as available-for-sale, and notes that growth in these securities, along with cash and cash equivalents, contributes to its liquidity position.

The company’s financial releases describe changes over time in loan categories such as commercial real estate, residential 1–4 family, residential construction, land, multi-family, agricultural real estate, commercial non-real estate, consumer loans, and home equity lines of credit. These disclosures indicate that the bank’s lending activities span both residential and commercial segments, with particular attention to real estate-related lending.

Funding, deposits, and liquidity

Century Next Financial Corporation reports that deposit growth has been an important factor in the expansion of its balance sheet. Across multiple reporting periods, the company notes increases in noninterest-bearing checking accounts, interest-bearing checking accounts, money market accounts, and other deposit categories. It also discusses changes in time deposits, including brokered time deposits, and savings accounts.

Company materials state that increases in cash and cash equivalents and available-for-sale investment securities have strengthened or added strength to the company’s liquidity position in several periods. Short-term borrowings have been used at times and subsequently repaid, while long-term borrowings have remained at a disclosed level in various reporting periods.

Earnings profile and performance metrics

Century Next Financial Corporation’s public financial information includes detailed income statements and key performance ratios. The company reports net interest income, provision for credit losses, noninterest income, noninterest expense, and net income for quarterly and annual periods. It also discloses metrics such as net interest margin, average yield on interest-earning assets, average cost of interest-bearing liabilities, efficiency ratio, return on average assets, and return on average equity.

In multiple news releases, the company characterizes certain quarters and years as record periods for net income and earnings per share. It attributes changes in net interest income to movements in interest income and interest expense, and it links changes in net interest margin to shifts in yields on earning assets and costs of interest-bearing liabilities. The company also discusses the impact of provisions for credit losses, noninterest income from service charges on deposit accounts, gains and losses on sales of loans and foreclosed assets, and various operating expenses such as salaries and benefits, data processing, occupancy and equipment, advertising, and audit and examination fees.

Asset quality and credit loss allowance

Century Next Financial Corporation provides regular updates on asset quality indicators. It reports nonperforming assets, including loans past due 90 days or more, nonaccrual loans, and foreclosed or other foreclosed assets, as well as the ratio of nonperforming assets to total assets. The company also discloses net charge-offs or net recoveries and the ratio of net charge-offs or net recoveries to average loans outstanding.

The company uses the current expected credit loss (CECL) methodology for its allowance for credit losses and reports the allowance balance as a percentage of total loans. It also describes changes in the allowance and provisions for credit losses across reporting periods. These disclosures provide insight into the company’s approach to managing credit risk in its loan portfolio.

Regulatory framework and oversight

Century Next Financial Corporation states that, as a bank holding company, it is subject to regulatory oversight by the Board of Governors of the Federal Reserve System. Its subsidiary, Century Next Bank, is described as an insured federally chartered covered savings association subject to regulatory oversight by the Office of the Comptroller of the Currency. The company also notes FDIC insurance expense as a component of noninterest expense, reflecting the insured status of its deposits.

Public disclosures reference regulatory capital ratios such as the leverage ratio, Tier 1 and Common Equity Tier 1 ratios, and total capital ratio for certain periods, indicating the company’s attention to capital adequacy requirements.

Dividends and shareholder considerations

Century Next Financial Corporation has announced cash dividends per share in its public news releases for certain periods. It also reports book value per share and tangible book value per share, along with changes in stockholders’ equity. These data points provide context for how earnings, asset growth, and capital management affect shareholders over time.

Summary of business focus

According to its own statements, Century Next Financial Corporation, through Century Next Bank, focuses on providing full-service banking in its regional markets in Louisiana and Arkansas. The bank emphasizes service to small and medium-sized businesses, professionals, and individuals and identifies real estate lending to residential and commercial customers as its primary business. Its financial disclosures highlight growth in assets and deposits, detailed loan portfolio composition, asset quality measures, and performance ratios that are typical of a savings institution operating under U.S. banking regulations.