Central Bank of Boone County (merged into The Central Trust Bank)
Central Bank of Boone County reported total assets of $2.8 bn at Q3 2021, its last Call Report before it merged into The Central Trust Bank. The CET1 capital ratio at Central Bank of Boone County was 14.51%, and the uninsured share of Central Bank of Boone County was 31.51%. Source: FDIC Call Reports.
What sets Central Bank of Boone County apart
Nothing in the latest data sets Central Bank of Boone County apart from banks of its size: no ratio in the top or bottom tenth of its size group, no large rank move or year change, and no acquisition in the FDIC history since 2016. This page is kept out of search results until that changes.
How large is Central Bank of Boone County?
The balance sheet of Central Bank of Boone County at : assets $2.8 bn, deposits $2.3 bn, net loans $1.3 bn (loans equal to 58.51% of deposits). Securities make up 32.4% of total assets at Central Bank of Boone County. Since , when Central Bank of Boone County held $1.7 bn, its assets grew 66.5%. In the year to , deposits at Central Bank of Boone County rose 22.3% while its total assets rose 18.1%. At , Central Bank of Boone County employed 335 full-time equivalent staff across 16 offices, about $8.4 mn of assets per employee and $141.0 mn of deposits per office.
How much funding at Central Bank of Boone County is uninsured?
At Central Bank of Boone County, uninsured deposits (above the FDIC limit) made up 31.51% of domestic deposits at (+4.92 pp on a year earlier). In dollars, Central Bank of Boone County estimated $710.9 mn of uninsured deposits.
Key facts, Q3 2021
| Metric | Value | A year earlier | US rank |
|---|---|---|---|
| Total deposits | $2.3 bn | $1.8 bn (Q3 2020) | |
| Net loans and leases | $1.3 bn | $1.3 bn (Q3 2020) | |
| Loan-to-deposit ratio | 58.51% | 72.90% (Q3 2020) | |
| Tier 1 leverage ratio | 8.00% | 8.40% (Q3 2020) | |
| Total risk-based capital ratio | 15.76% | 14.14% (Q3 2020) | |
| Net interest margin | 2.26% | 2.91% (Q3 2020) | |
| Return on assets (ROA) | 1.26% | 1.47% (Q3 2020) | |
| Efficiency ratio | 53.52% | 51.67% (Q3 2020) | |
| Unrealized gain/loss on held-to-maturity securities | Gain of $62,000 | Fell by $74,000 | |
| Unrealized gain/loss on available-for-sale securities | Gain of $491,000 | Fell by $4.9 mn | |
| Noncurrent loans to total loans | 0.07% | 0.08% (Q3 2020) | |
| Net charge-offs to average loans | 0.01% | 0.14% (Q3 2020) |
US rank of Central Bank of Boone County: 1 = highest unless marked 1 = lowest.
Balance sheet
Central Bank of Boone County: assets, deposits and loans
- Total assets $2.8bn
- Deposits $2.3bn
- Net loans $1.3bn
Capital and securities
The CET1 ratio of Central Bank of Boone County stood at 14.51% in , +1.62 pp year on year. Low and high at Central Bank of Boone County since : 9.59% () to 14.51% (). Equity capital of Central Bank of Boone County at : $232.7 mn, or 8.3% of total assets. Central Bank of Boone County also reported a total capital ratio of 15.76% for , and a tier 1 leverage ratio of 8.00%.
On held-to-maturity securities, Central Bank of Boone County carried an unrealized gain of $62,000 at , equal to 0.0% of equity capital. The gain fell by $74,000 over the year. The available-for-sale portfolio of Central Bank of Boone County showed an unrealized gain of $491,000 at ; the gain fell by $4.9 mn over the year.
Central Bank of Boone County: capital ratios
- Total capital 16%
- CET1 15%
- Tier 1 leverage 8.0%
Central Bank of Boone County: unrealized securities gains and losses
- Available for sale $491,000
- Held to maturity $62,000
Profitability and loan quality
For the year to , Central Bank of Boone County earned a return on equity of 15.66%; return on assets: 1.26%. Net interest margin at Central Bank of Boone County: 2.26%, -0.66 pp in a year. Central Bank of Boone County net income: $25.9 mn, up 5.9% year on year. The efficiency ratio of Central Bank of Boone County was 53.52%: about 54 cents cost per revenue dollar, against 55 cents at the median peer.
At , noncurrent loans were 0.07% of total loans at Central Bank of Boone County; net charge-offs: 0.01% of average loans. Gross loans and leases at Central Bank of Boone County: $1.3 bn at , against $1.4 bn at .
Central Bank of Boone County: profitability
- Return on equity 16%
- Net interest margin 2.3%
- Return on assets 1.3%
Peer group of Central Bank of Boone County
The peer group of Central Bank of Boone County is the 6 banks nearest to it by total assets at : 3 larger and 3 smaller. Of the peers, 0 share the charter type of Central Bank of Boone County (state member bank) and 0 have head offices in Missouri. Against them, Central Bank of Boone County shows CET1 ratio 14.51% against a peer median of 12.28%, return on equity 15.66% against a peer median of 15.52% and uninsured deposit share 31.51% against a peer median of 26.50%.
| Bank | Charter | State | Total assets | CET1 ratio | Return on equity | Uninsured share | |
|---|---|---|---|---|---|---|---|
| Bank First | National bank | WI | $2.8 bn | 11.46% | 14.63% | 30.29% | |
| First Guaranty Bank | State nonmember bank | LA | $2.8 bn | 10.39% | 11.60% | 23.48% | |
| D. L. Evans Bank | State nonmember bank | ID | $2.8 bn | not reported | 16.40% | 29.52% | |
| Central Bank of Boone County | State member bank | MO | $2.8 bn | 14.51% | 15.66% | 31.51% | |
| Southern First Bank | State nonmember bank | SC | $2.8 bn | 13.09% | 17.58% | 44.72% | |
| MVB Bank, Inc | State nonmember bank | WV | $2.8 bn | not reported | 17.37% | 4.14% | |
| ACNB Bank | State nonmember bank | PA | $2.8 bn | 15.82% | 11.95% | 14.60% | |
. FDIC Call Reports.
Last eight quarters
Two years at Central Bank of Boone County, to : assets $2.2 bn to $2.8 bn, deposits $1.8 bn to $2.3 bn, equity $188.6 mn to $232.7 mn. Staff 310 to 335.
| Metric | Q4 2019 | Q1 2020 | Q2 2020 | Q3 2020 | Q4 2020 | Q1 2021 | Q2 2021 | Q3 2021 |
|---|---|---|---|---|---|---|---|---|
| Total assets | $2.2 bn | $2.0 bn | $2.2 bn | $2.4 bn | $2.8 bn | $2.7 bn | $2.7 bn | $2.8 bn |
| Total deposits | $1.8 bn | $1.6 bn | $1.8 bn | $1.8 bn | $2.2 bn | $2.2 bn | $2.2 bn | $2.3 bn |
| Bank equity capital | $188.6 mn | $191.2 mn | $200.3 mn | $207.0 mn | $210.6 mn | $216.4 mn | $221.1 mn | $232.7 mn |
| CET1 ratio | 11.95% | 11.77% | 12.28% | 12.89% | 12.79% | 13.10% | 13.61% | 14.51% |
| Return on equity (ROE) | 17.88% | 15.69% | 15.33% | 16.54% | 16.84% | 15.47% | 15.37% | 15.66% |
| Uninsured share of domestic deposits | 23.97% | 24.37% | 26.70% | 26.59% | 29.89% | 30.25% | 30.19% | 31.51% |
| Full-time equivalent employees | 310 | 312 | 317 | 317 | 324 | 319 | 326 | 335 |
| Number of offices | 16 | 16 | 16 | 16 | 16 | 16 | 16 | 16 |
FDIC Call Reports.
Mergers and acquisitions
The FDIC history of Central Bank of Boone County, oldest first; figures before and after each event are not like for like.
- . Merged into The Central Trust Bank (FDIC certificate 12633).
Questions and identifiers
What were the total assets of Central Bank of Boone County?
Central Bank of Boone County reported $2.8 bn at in its Call Report.
Is Central Bank of Boone County the same as its holding company?
No. This page covers Central Bank of Boone County, FDIC certificate 4536; CENTRAL BANCOMPANY INC (as reported to the FDIC), its holding company, reports separately to the Federal Reserve.
Is Central Bank of Boone County profitable?
Central Bank of Boone County reported net income of $25.9 mn for the year to ; annualized return on equity: 15.66%. So yes: Central Bank of Boone County made a profit over these months.
When is data for Central Bank of Boone County next updated?
Central Bank of Boone County no longer files Call Reports; its data ends at .
Where can I check the figures for Central Bank of Boone County?
In the FDIC BankFind Suite record for certificate 4536, and in the Call Reports of Central Bank of Boone County (RSSD ID 299046) at the FFIEC Central Data Repository.