Third Century Bancorp Releases Earnings for the Quarter Ended September 30, 2026
Business Wire•15/10/2026•15:57 ET
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Key Highlights
- ➤Third-quarter net income $735,000, up 47.69% year over year
- ➤Third-quarter EPS $0.63, versus $0.43 basic and $0.42 diluted
- ➤Deposits reached $321.46 million, up $41.37 million since December 31
- ➤FHLB advances fell 51.11% to $22.0 million at September 30
- ➤Stockholders’ equity declined to $11.16 million on $3.87 million unrealized losses
Expert Statements
David A. Coffey, President and CEO of Third Century Bancorp and Mutual Savings Bank
“We are pleased with our third-quarter performance. Loan growth remained solid, deposit growth was exceptionally strong, and those additional deposits allowed us to further reduce wholesale borrowings while maintaining a strong liquidity position. Earnings continued to improve as revenue growth outpaced expense growth. While higher market interest rates continue to create unrealized losses in our investment portfolio that impact reported equity, the Bank's core operating performance remains strong, and our overall financial condition is sound. Regardless of the economic environment or changes in interest rates, our employees continue to demonstrate their commitment to serving our customers and communities. Their efforts are reflected in our financial results, and we remain optimistic about the future.”
Third Century Bancorp Releases Earnings for the Quarter Ended September 30, 2026
(OTCID: TDCB) - Third Century Bancorp (“Company”), the holding company for Mutual Savings Bank (“Bank”), announced it recorded unaudited net income of $735,000 for the quarter ended September 30, 2026, or $0.63 per basic and diluted share, compared to net income of $498,000 for the quarter ended September 30, 2025, or $0.43 per basic and $0.42 per diluted share.
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