XML 71 R27.htm IDEA: XBRL DOCUMENT v3.26.1
Parent Company Condensed Financial Statements
 12 Months Ended
Dec. 31, 2025
Condensed Financial Information Disclosure [Abstract]  
Parent Company Condensed Financial Statements Parent Company Condensed Financial Statements
Following are the condensed financial statements of Central Bancompany, Inc. (Parent only) for December 31, 2025 and December 31, 2024.
CENTRAL BANCOMPANY, INC.
Condensed Balance Sheets
December 31, 2025 and 2024
December 31,
20252024
(dollars in thousands)
Assets
Investment in bank subsidiary$1,874,332 $1,727,762 
Cash and due from bank subsidiary896,588 312,447 
Investment Securities AFS721 982 
Loans- 18,720 
Note receivable due from bank subsidiary1,010,000 980,000 
Advances to subsidiaries, net of borrowings1,010 75,120 
Other assets42,741 36,885 
Total assets
$3,825,392 $3,151,916 
Liabilities and Stockholders' Equity
Other liabilities$41,415 $41,255 
Stockholders' equity
3,783,977 3,110,661 
Total liabilities and stockholders' equity
$3,825,392 $3,151,916 
CENTRAL BANCOMPANY, INC.
Condensed Statements of Income
Years ended December 31, 2025 and 2024
December 31,
20252024
(dollars in thousands)
Income
Dividends received from bank subsidiary$320,000 $245,000 
Interest income56,895 62,677 
Management fees charged to subsidiaries- 850 
Other income432 464 
Total income377,327 308,991 
Expense
Salaries and employee benefits9,651 9,181 
Management & data processing fees paid to subsidiaries893 897 
Other expenses2,476 1,621 
Total expense13,020 11,699 
Income taxes10,545 12,450 
Income before undistributed earnings of subsidiaries353,762 284,842 
Undistributed earnings (loss) of subsidiaries37,091 20,968 
Net income $390,853 $305,810 
CENTRAL BANCOMPANY, INC.
Condensed Statements of Cash Flows
Years ended December 31, 2025 and 2024
December 31,
20252024
(dollars in thousands)
Cash flows from operating activities:
Net income$390,853 $305,810 
Adjustments to reconcile net income to net cash provided by operating activities:
Earnings of consolidated subsidiaries, net of dividends(37,091)(20,968)
(Increase) in other assets(1,900)(17,513)
Net cash provided by operating activities351,862 267,329 
Cash flows from investing activities:
Proceeds from maturities of available-for-sale securities265 4,662 
Decrease (increase) in advances to subsidiaries, net74,110 (74,587)
Other, net1,541 (6,226)
Net cash provided by (used in) investing activities75,916 (76,151)
Cash flows from financing activities:
Purchase of treasury stock- (12,143)
Issuance of stock under equity compensation plans(218)(285)
Proceeds from issuance of common stock403,112 - 
Dividends paid(246,531)(57,532)
Other, net- 942 
Net cash provided by (used in) financing activities156,363 (69,018)
Net increase in cash and cash equivalents584,141 122,160 
Cash and cash equivalents at beginning of year312,447 190,288 
Cash and cash equivalents at end of year$896,588 $312,447 
Dividends paid by the Parent to its shareholders were substantially provided from Bank dividends. The Bank may distribute dividends without prior regulatory approval, provided that the dividends do not exceed the sum of net income for the current year and retained net income for the preceding two years, subject to maintenance of minimum capital requirements.
At December 31, 2025, the Bank has $1.0 billion of borrowings from the Parent as part of its strategy to manage FDIC insurance premiums. The maturity date of this note extends by 3 months every quarter resulting in an extended maturity date that is never less than 15 months from the last extension. The interest rate is a variable rate equal to the current interest rate on excess reserves, adjusted quarterly.
At December 31, 2025, the fair value of the investment securities held by the Parent consisted of investments of $721 thousand in U.S. agency mortgage-backed securities.