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Overview / Commentary
806-373-1177
904 Avenue O
Lubbock, TX 79401

Centennial Bank (TX) is headquartered in Lubbock and is the 76th largest bank in the state of Texas. It is also the 987th largest bank in the nation. It was established in 1934 and as of March of 2014, it had grown to 189 employees at 12 locations. Centennial Bank (TX) has a B+ health rating.

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Health

Data for Q1 2014

Institution Health

B+

Texas Ratio

GRADE:
A+

The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 Centennial Bank (TX) had $5.14 million in non-current loans and owned real-estate with $69.27 million in equity and loan loss allowances on hand to cover it. This gives Centennial Bank (TX) a Texas Ratio of 7.43% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
C+

The Texas Ratio for Centennial Bank (TX) experienced no significant changes from 7.92% as of March 31, 2013 to 7.43% as of March 31, 2014, resulting in a positive change of 6.22%.This indicates that the balance sheet and financial strength for Centennial Bank (TX) has had no significant changes in recent periods.

Deposit Growth

GRADE:
C

In the past year, Centennial Bank (TX) has decreased its total deposits by -$8.38 million, resulting in -1.33% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Centennial Bank (TX) has shown is average.

Capitalization

GRADE:
B+

Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Centennial Bank (TX) has $689.51 million in assets with $69.27 million in equity, resulting in a capitalization level of 10.05%, which is above average.

Institution Statistics

Overall
FDIC Certificate #14562
Year Established1934
Employees189
Primary RegulatorFED
Assets and Liabilities
Assets$689.51 million
Loans$442.84 million
Deposits$621.85 million
Equity Capital$64.46 million
Loan Loss Allowance$4.81 million
Unbacked Noncurrent Loans$4.38 million
Real Estate Owned$767,000
Historic Data - March 2013
Assets$700.13 million
Equity Capital$66.87 million
Loan Loss Allowance$4.42 million
Unbacked Noncurrent Loans$4.38 million
Real Estate Owned$2.18 million
Profit Margin - Quarterly
Net Interest Margin4.2%
Return on Assets0.61%
Return on Equity6.78%
Interest Income$7.03 million
Rates

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Centennial Bank (TX) Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.40%$300k-Savings Gold

Centennial Bank (TX) Money Market Rates

DetailsAPYMINMAXPRODUCT
0.30%$250k-Money Market Deposit Account

Centennial Bank (TX) Checking Account Rates

DetailsAPYMINMAXPRODUCT
1.26%-$25kReward Checking - Qualifying
0.05%$1k-Grand Checking
0.05%--Reward Checking - Non Qualifying

Centennial Bank (TX) CD Rates

DetailsAPYMINMAXPRODUCT
1.20%--5 Year CD Special
1.00%$50k-5 Year Jumbo CD
0.80%$1k-5 Year CD
0.70%$50k-3 Year Jumbo CD
0.70%--2 Year CD Special
0.60%$50k-2 1/2 Year Jumbo CD
0.50%$1k-3 Year CD
0.50%$50k-2 Year Jumbo CD
0.50%--18 Month CD Special
0.40%$1k-2 1/2 Year CD
0.40%--1 Year CD Special
0.35%$50k-1 Year Jumbo CD
0.30%$1k-2 Year CD
0.25%$50k-180 Day Jumbo CD
0.25%$1k-7 Month CD Special
0.15%$1k-1 Year CD
0.10%$1k-180 - 364 Day CD
0.10%$50k-90 Day Jumbo CD
0.05%$1k-30 - 89 Day CD
0.05%$1k-90 - 179 Day CD
0.05%$50k-30 Day Jumbo CD

Centennial Bank (TX) IRA Rates

DetailsAPYMINMAXPRODUCT
0.60%$1k-IRA 1 1/2 Years
0.50%$1k-IRA 1 Year
Locations

Centennial Bank (TX) has 11 locations. Click to view all Centennial Bank (TX) locations.