Third Century Bancorp
Third Century Bancorp, a holding company, engages in the provision of banking and financial services to individual and corporate customers in Johnson County and surrounding counties. The company offers checking, savings, health savings accounts, and CDs and IRAs; business checking; treasury management, such as remote deposit capture, wire transfers, ACH origination, and merchant services; consume… Read more
Third Century Bancorp (TDCB) - Net Assets
Latest net assets as of June 2025: $9.22 Million USD
Based on the latest financial reports, Third Century Bancorp (TDCB) has net assets worth $9.22 Million USD as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($322.43 Million) and total liabilities ($313.20 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $9.22 Million |
| % of Total Assets | 2.86% |
| Annual Growth Rate | -2.59% |
| 5-Year Change | -38.83% |
| 10-Year Change | -16.56% |
| Growth Volatility | 20.06 |
Third Century Bancorp - Net Assets Trend (2004–2025)
This chart illustrates how Third Century Bancorp's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Third Century Bancorp (2004–2025)
The table below shows the annual net assets of Third Century Bancorp from 2004 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $13.17 Million | +39.28% |
| 2024-12-31 | $9.46 Million | -0.53% |
| 2023-12-31 | $9.51 Million | +18.52% |
| 2022-12-31 | $8.02 Million | -62.74% |
| 2021-12-31 | $21.53 Million | +5.17% |
| 2020-12-31 | $20.48 Million | +16.53% |
| 2019-12-31 | $17.57 Million | +6.62% |
| 2018-12-31 | $16.48 Million | +3.75% |
| 2017-12-31 | $15.88 Million | +0.63% |
| 2016-12-31 | $15.79 Million | -1.71% |
| 2015-12-31 | $16.06 Million | +2.44% |
| 2014-12-31 | $15.68 Million | +1.36% |
| 2013-12-31 | $15.47 Million | +1.56% |
| 2012-12-31 | $15.23 Million | +0.31% |
| 2011-12-31 | $15.19 Million | -21.83% |
| 2006-12-31 | $19.43 Million | -13.08% |
| 2005-12-31 | $22.35 Million | -2.11% |
| 2004-12-31 | $22.83 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Third Century Bancorp's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 52.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $13.06 Million | 99.11% |
| Common Stock | $11.47 Million | 87.11% |
| Other Comprehensive Income | $-11.36 Million | -86.22% |
| Total Equity | $13.17 Million | 100.00% |
Third Century Bancorp Competitors by Market Cap
The table below lists competitors of Third Century Bancorp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
BPL Limited
NSE:BPL
|
$8.05 Million |
|
Avanti Energy Inc
PINK:ARGYF
|
$8.05 Million |
|
Seamless Distribution Systems AB
ST:SDS
|
$8.05 Million |
|
Digital Graphics Incorporation
KQ:043360
|
$8.05 Million |
|
New Tripoli Bancorp Inc
PINK:NTBP
|
$8.04 Million |
|
FFI Holdings Ltd
AU:FFI
|
$8.04 Million |
|
NDL Ventures Limited
NSE:NDLVENTURE
|
$8.04 Million |
|
YesAsia Holdings Limited
PINK:YSASF
|
$8.04 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Third Century Bancorp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 9,457,440 to 13,173,000, a change of 3,715,560 (39.3%).
- Net income of 1,871,000 contributed positively to equity growth.
- Other comprehensive income increased equity by 2,081,957.
- Other factors decreased equity by 237,397.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $1.87 Million | +14.2% |
| Other Comprehensive Income | $2.08 Million | +15.8% |
| Other Changes | $-237.40K | -1.8% |
| Total Change | $- | 39.29% |
Book Value vs Market Value Analysis
This analysis compares Third Century Bancorp's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.13x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has increased from 0.66x to 1.13x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2004-12-31 | $13.81 | $9.15 | x |
| 2005-12-31 | $14.76 | $9.15 | x |
| 2006-12-31 | $13.10 | $9.15 | x |
| 2019-12-31 | $14.89 | $9.15 | x |
| 2020-12-31 | $17.22 | $9.15 | x |
| 2021-12-31 | $18.27 | $9.15 | x |
| 2022-12-31 | $6.88 | $9.15 | x |
| 2023-12-31 | $8.22 | $9.15 | x |
| 2024-12-31 | $8.13 | $9.15 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Third Century Bancorp utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 14.20%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 10.22%
- • Asset Turnover: 0.05x
- • Equity Multiplier: 26.51x
- Recent ROE (14.20%) is above the historical average (6.84%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2004 | 2.74% | 9.00% | 0.06x | 5.53x | $-1.66 Million |
| 2005 | 2.39% | 6.93% | 0.06x | 5.73x | $-1.70 Million |
| 2006 | 2.35% | 5.21% | 0.07x | 6.87x | $-1.49 Million |
| 2011 | 1.65% | 3.99% | 0.05x | 7.83x | $-1.27 Million |
| 2012 | 1.59% | 3.96% | 0.05x | 8.39x | $-1.28 Million |
| 2013 | 2.01% | 5.54% | 0.05x | 7.99x | $-1.24 Million |
| 2014 | 2.54% | 8.15% | 0.04x | 7.85x | $-1.17 Million |
| 2015 | 3.40% | 10.83% | 0.04x | 7.91x | $-1.06 Million |
| 2016 | 4.38% | 12.86% | 0.04x | 8.61x | $-887.79K |
| 2017 | 3.53% | 9.79% | 0.04x | 9.51x | $-1.03 Million |
| 2018 | 6.18% | 16.25% | 0.04x | 9.65x | $-629.00K |
| 2019 | 5.65% | 11.85% | 0.05x | 10.02x | $-764.15K |
| 2020 | 8.65% | 16.87% | 0.05x | 10.24x | $-275.58K |
| 2021 | 10.88% | 22.22% | 0.04x | 11.22x | $188.70K |
| 2022 | 26.39% | 18.78% | 0.04x | 34.96x | $1.31 Million |
| 2023 | 10.71% | 6.91% | 0.05x | 32.91x | $67.90K |
| 2024 | 13.87% | 7.71% | 0.05x | 33.03x | $366.35K |
| 2025 | 14.20% | 10.22% | 0.05x | 26.51x | $553.70K |
Industry Comparison
This section compares Third Century Bancorp's net assets metrics with peer companies in the Banks - Regional industry.
Industry Context
- Industry: Banks - Regional
- Average net assets among peers: $25,670,820,700
- Average return on equity (ROE) among peers: 9.44%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Third Century Bancorp (TDCB) | $9.22 Million | 2.74% | 33.95x | $8.05 Million |
| Ameris Bancorp (ABCB) | $120.94 Million | 10.83% | 9.48x | $4.91 Billion |
| ACNB Corporation (ACNB) | $2.75 Billion | 1.01% | 0.01x | $462.57 Million |
| Addiko Bank AG (ADBKF) | $839.50 Million | 5.41% | 6.63x | $210.07 Million |
| Affinity Bancshares Inc (AFBI) | $120.97 Million | 6.26% | 5.51x | $79.94 Million |
| Absa Group Limited (AGRPF) | $19.52 Billion | 23.08% | 14.72x | $6.72 Billion |
| AIB Group plc (AIBGY) | $14.46 Billion | -16.17% | 8.45x | $21.72 Billion |
| Akbank Turk Anonim Sirketi (AKBTY) | $211.22 Billion | 31.48% | 8.02x | $8.60 Billion |
| Alpha Bank SA (ALBKY) | $7.32 Billion | 8.44% | 8.89x | $1.12 Billion |
| Community Capital Bancshares Inc (ALBY) | $9.19 Million | 7.09% | 8.66x | $19.76 Million |
| Alpine Banks of Colorado (ALPIB) | $342.89 Million | 16.92% | 10.27x | $248.47 Million |