Century Bank of the Ozarks Ava Mo - A Look at the Bank's History and Finances

Century Bank of the Ozarks has a rich history in Ava, Missouri, dating back to its founding in 1901. The bank has been serving the community for over a century.

The bank's history is marked by a commitment to providing exceptional customer service and community involvement.

Century Bank of the Ozarks has a strong presence in the Ava community, with a dedicated team of employees who are passionate about helping their customers achieve their financial goals.

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Century Bank of the Ozarks Ava Mo has a range of banking services that cater to various needs.

Their Ava branch is located at 1021 Highway 5 North, Ava, MO 65608.

They offer a variety of checking accounts, including the Free Checking account with no monthly maintenance fees.

This account also comes with a debit card, online banking, and bill pay services.

Century Bank of the Ozarks Ava Mo has a range of savings options, including the High Yield Savings account that earns a competitive interest rate.

The bank also offers business banking services, including commercial checking and savings accounts.

Their Ava branch is open Monday through Thursday from 9:00 AM to 4:00 PM and Friday from 9:00 AM to 5:00 PM.

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Century Bank of the Ozarks' financial reports reveal a strong net interest income of $7,482 thousand in 2011. This is a significant portion of their overall income.

Their total interest income was $9,097 thousand, while their total interest expense was $1,615 thousand. The net interest income is a crucial indicator of a bank's profitability.

The bank's total noninterest income was $1,320 thousand, with a notable $723 thousand from service charges on deposit accounts. This suggests that the bank has a strong customer base that generates revenue through account maintenance fees.

Here's a breakdown of the bank's total noninterest expense: $3,147 thousand for salaries and employee benefits, $924 thousand for premises and equipment expense, and $1,099 thousand for additional noninterest expense.

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Income and Expense 2011 was a mixed bag for this bank. They earned a total of $9,097 in interest income.

Their total interest expense was $1,615, leaving them with a net interest income of $7,482. This is a significant figure, indicating the bank's ability to generate income from its interest-bearing assets.

The bank also had $420 in provision for loan and lease losses, which is a necessary expense to set aside for potential loan defaults.

Their total noninterest income was $1,320, with the majority coming from service charges on deposit accounts, which generated $723.

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Let's take a closer look at the Summary Income Statement, which provides a snapshot of a bank's financial performance over a specific period.

Century Bank of the Ozarks reported a total interest income of $12.08 million.

Their total interest expense was $2.77 million, which means they earned a net interest income of $9.32 million.

The bank had a provision for loan and lease losses of $0.30 million.

Total non-interest income was $1.07 million, and total non-interest expense was $5.42 million.

Pre-tax Net Operating Income was $1.87 million.

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Century Bank of the Ozarks, located in Ava, MO, has a rich history that dates back to 1904. It was founded by a group of local farmers who pooled their resources to create a community bank.

The bank's early years were marked by a strong focus on serving the local community, with a commitment to providing personalized service and supporting local businesses.

In 1955, the bank expanded its services to include consumer loans, which helped to further establish it as a trusted financial institution in the area.

Century Bank of the Ozarks has remained a locally owned and operated bank, with a strong commitment to the community it serves.

Today, the bank offers a range of financial services, including personal and business banking, mortgage lending, and investment services.

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Century Bank of the Ozarks has a Texas Ratio of 13.37%, which is higher than the U.S. Bank Average of 4.62%. This means that the bank has less capital and reserves to absorb its loan losses.

The bank's non-performing assets, including non-performing loans and real estate owned, are a significant concern. As of September 30, 2024, Century Bank of the Ozarks had $3,874,000 in non-current loans and $0 in owned real estate.

Here is a comparison of the bank's financial details with the U.S. Bank Average:

The bank's Return on Equity (ROE) is 19.14%, which is significantly higher than the U.S. Bank Average of 10.02%. This suggests that the bank is efficiently making money from its capital.

However, the bank's Capitalization is only 9.64%, which is lower than the U.S. Bank Average of 11.29%. This means that the bank has less equity capital to underpin its loans and other assets.

As of September 30, 2024, Century Bank of the Ozarks had assets of $259,524,000, loans of $214,951,000, and deposits of $230,537,000.

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