Third Century Bancorp Releases Earnings for the Quarter Ended June 30, 2026
(OTCID: TDCB) — Third Century Bancorp (“Company”), the holding company for Mutual Savings Bank (“Bank”), announced it recorded unaudited net income of $719,000 for the quarter ended June 30, 2026, or $0.62 per basic and diluted share, compared to net income of $374,000 for the quarter ended June 30, 2025, or $0.32 per basic and diluted share.
“We delivered a strong second quarter with solid growth and improved performance across the board,” stated David A. Coffey, President and CEO. Coffey added, “Our core business continued to strengthen, with higher net interest income and an improved margin of 3.12%, reflecting better pricing and continued balance sheet growth. Credit quality also improved, with fewer problem loans and a modest reserve release, while we continued to grow loans and deposits and reduce reliance on higher-cost borrowings.” Coffey concluded, “Importantly, we increased our dividend by one cent per share, a 25% increase, reinforcing our commitment to returning capital to shareholders. Overall, returns improved significantly from a year ago and reflect continued momentum following a strong first quarter.”
