Century Next Finl Co. (CTUY)

Century Next Financial Corporation, a Louisiana Corporation was organized by Bank of Ruston in June 2010. The Bank's primary deposit products are checking accounts, money market accounts, interest bearing savings and certificates of deposit. Its primary lending products are residential mortgage loans. The Bank provides services to customers in the Ruston and surrounding areas. Bank of Ruston is a federally-chartered savings bank located in Ruston, Louisiana, which is in Lincoln Parish. Bank of Ruston's business consists primarily of attracting deposits from the general public and using those funds to originate residential and commercial loans in Lincoln Parish and, to a lesser extent, its contiguous parishes of Claiborne, Bienville, Ouachita, Union and Jackson Parishes. It generates fee income from the sale of most of its long-term fixed rate owner-occupied one- to four-family residential loans it originates, while retaining short-term fixed rate loans for portfolio. In recent periods it has begun to emphasize commercial lending and cross-selling products to its customers.