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Overview / Commentary
904 Avenue O
Lubbock, TX 79401

Centennial Bank (TX) is headquartered in Lubbock and is the 72nd largest bank in the state of Texas. It is also the 934th largest bank in the nation. It was established in 1934 and as of December of 2013, it had grown to 180 employees at 12 locations. Centennial Bank (TX) has a A health rating.

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Data for Q4 2013

Institution Health


Texas Ratio


The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2013 Centennial Bank (TX) had $5.16 million in non-current loans and owned real-estate with $67.24 million in equity and loan loss allowances on hand to cover it. This gives Centennial Bank (TX) a Texas Ratio of 7.67% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for Centennial Bank (TX) decreased dramatically from 11.06% as of December 31, 2012 to 7.67% as of December 31, 2013, resulting in a positive change of 30.64%.This indicates that the balance sheet and financial strength for Centennial Bank (TX) has improved dramatically in recent periods.

Deposit Growth


In the past year, Centennial Bank (TX) has increased its total deposits by $232.24 million, resulting in 57.93% 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 excellent.



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 $718.31 million in assets with $67.24 million in equity, resulting in a capitalization level of 9.36%, which is average.

Institution Statistics

FDIC Certificate #14562
Year Established1934
Primary RegulatorFED
Assets and Liabilities
Assets$718.31 million
Loans$463.23 million
Deposits$633.15 million
Equity Capital$62.55 million
Loan Loss Allowance$4.69 million
Unbacked Noncurrent Loans$4.49 million
Real Estate Owned$673,000
Historic Data - December 2012
Assets$444.34 million
Equity Capital$41.05 million
Loan Loss Allowance$2.78 million
Unbacked Noncurrent Loans$4.49 million
Real Estate Owned$804,000
Profit Margin - Quarterly
Net Interest Margin4.17%
Return on Assets0.87%
Return on Equity9.71%
Interest Income$28.80 million

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Centennial Bank (TX) Savings Account Rates

0.40%$300k-Savings Gold

Centennial Bank (TX) Money Market Rates

0.30%$250k-Money Market Deposit Account

Centennial Bank (TX) Checking Account Rates

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

Centennial Bank (TX) CD Rates

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

0.60%$1k-IRA 1 1/2 Years (Traditional,Roth,SEP,SIMPLE)
0.50%$1k-IRA 1 Year (Traditional,Roth,SEP,SIMPLE)

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