CentreBank in city_name, state_name - Detailed Financial Reports, Location

CentreBank in Veedersburg, Indiana (IN)
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CentreBank routing number info

CentreBank - Overview

General
FDIC Certificate #: 15532
Status: Active
Federal Reserve ID: 163343
Bank Holding Company (Regulatory Top Holder): Lawrence L. Osborn Scholarship Trust (RSSDID: 1416989, Location: Veedersburg, IN)
Date Established: October 13, 1917
WWW: http://www.centrebank.net
Trust Powers Granted: Yes
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 4 (Domestic: 4, Interstate: No)
OTS Docket #: 10392
FDIC's unique #: 9828
Numeric code: 21
Regulator: FDIC
Insurance Fund Membership: Deposit Insurance Fund (DIF)
Insured commercial Banks: Yes
FDIC Insured: Yes
Deposit Insurance Fund member: Yes
Ownership Type: Non-Stock
FFIEC Call Report 31 Filer: No
State Chartered: Yes
Subchapter S Corporations: No
Asset Concentration Hierarchy: Commercial Lending Specialization
Date of Deposit Insurance: August 07, 1937
Last Structure Change Effective Date: March 31, 2006
Last Structure Change Process Date: November 03, 2006
Last Data Update: November 03, 2006
Data Source Date: April 05, 2012
Location
Address: 126-128 North Main Street, Veedersburg, IN 47987
County: Fountain
Quarterly Banking Profile Region: Chicago
FDIC Geographic Region: Chicago
FDIC Supervisory Region: Chicago
FDIC Field Office: Indianapolis
Office of the Comptroller the Currency (OCC) District: Central
Office of Thrift Supervision Region: Central
History of Changes
Merge BIF and SAIF Funds into DIF
Financial Summary
Total assets: $57.8 mil
Equity capital: $5.7 mil
Deposits held in domestic offices: $49.6 mil
Return on assets (ROA): 0.45% ($0.3 mil)
Quarterly return on assets: 0.82% ($0.5 mil)
Return on Equity (ROE): 4.66% ($0.3 mil)
Quarterly return on equity: 8.40% ($0.5 mil)
Net income: $0.3 mil
Quarterly Net income: $0.1 mil
Pretax return on assets: 0.65% ($375.7 mil)
Quarterly Pretax return on assets: 1.09% ($630.0 mil)

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2011)

Dollar figures in thousands
22Total employees (full-time equivalent)
$57,796Total assets
$3,463Cash and due from depository institutions
$1,369Interest-bearing balances
$4,634Securities
$1,890Federal funds sold & reverse repurchase agreements
$43,671Net loans & leases
$1,120Loan loss allowance
$0Trading account assets
$741Bank premises and fixed assets
$814Other real estate owned
$119Goodwill and other intangibles
$57,796Life insurance assets
$2,464All other assets
$52,073Total liabilities and capital
$49,619Total liabilities
$41,116Total deposits
$49,619Interest-bearing deposits
$85Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$2,000Trading liabilities
$0Other borrowed funds
$454Subordinated debt
$5,723All other liabilities
$5,723Total equity capital
$5,723Total bank equity capital
$0Perpetual preferred stock
$400Common stock
$600Surplus
$4,723Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$1,163Income earned, not collected on loans
$0Earning assets
$380Long-term assets (5+ years)
$51,564Average Assets, year-to-date
$24,593Average Assets, quarterly
$58,003Volatile liabilities
$58,093Insider loans
$40,040FHLB advances
$57,017Loans and leases held for sale
$868Unused loan commitments
$868Tier 1 (core) risk-based capital
$5,513Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$3,199Restructured Loans and leases
$879Derivatives

Income and Expense (December 31, 2011)

Dollar figures in thousands
$2,942Total interest income
$533Total interest expense
$2,409Net interest income
$120Provision for loan and lease losses
$631Total noninterest income
$1Fiduciary activities
$94Service charges on deposit accounts
$0Trading account gains & fees
$536Additional noninterest income
$2,544Total noninterest expense
$904Salaries and employee benefits
$182Premises and equipment expense
$1,458Additional noninterest expense
$376Pre-tax net operating income
$0Securities gains (losses)
$117Applicable income taxes
$259Income before extraordinary items
$0Extraordinary gains - net
$259Net income attributable to bank
$0Net charge-offs
$259Cash dividends
$33Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 2011)

Dollar figures in thousands
Performance Ratios (%, annualized)
5.70%Yield on earning assets
1.03%Cost of funding earning assets
4.67%Net interest margin
1.22%Noninterest income to earning assets
4.93%Noninterest expense to earning assets
0.45%Net operating income to assets
0.45%Return on assets (ROA)
0.65%Pretax return on assets
4.66%Return on equity (ROE)
4.66%Retained earnings to average equity (YTD only)
0.07%Net charge-offs to loans
363.64%Credit loss provision to net charge-offs
15.03%Efficiency ratio
83,684Assets per employee
2.63%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
2.50%Loss allowance to noncurrent loans
96.30%Noncurrent assets plus other real estate owned to assets
3.42%Noncurrent loans to loans
2.60%Net loans and leases to deposits
88.01%Net loans and leases to core deposits
102.70%Equity capital to assets
9.90%Core capital (leverage) ratio
9.67%Tier 1 risk-based capital ratio
13.77%Total risk-based capital ratio
Memoranda
$15Average assets
$58,003Average earning assets
$5,561Average equity
$51,629Average loans

Total Fiduciary and Related Assets (December 31, 2011)

Dollar figures in thousands
$1Total fiduciary and related assets
1Number of Fiduciary Accounts and Related Asset Accounts
YesFiduciary powers granted
YesFiduciary or related activity
$472Managed Assets
1Number of Accounts
$472Personal trust and agency accounts
$472Employee benefit-defined contribution accounts
$0Employee benefit-defined benefit accounts
$0Other retirement accounts
$0Corporate trust and agency accounts
$0Investment management agency accounts
$0Other fiduciary accounts
$0Fiduciary accounts held in foreign offices
$0Non-managed Assets
5Number of Accounts
$0Personal trust and agency accounts
$0Employee benefit-defined contribution accounts
$0Employee benefit-defined benefit accounts
$0Other retirement accounts
$0Corporate trust and agency accounts
$0Other fiduciary accounts
$0Fiduciary accounts held in foreign offices

List of branches

4 Indiana Branches as of April 05, 2012

No	ID	Name	Address	Established	Service Type
0	9828	Centrebank	126-128 North Main Street, Veedersburg, IN 47987	October 13, 1917	Full Service Brick and Mortar
1	234481	Sterling Branch	215 North Sterling Avenue, Veedersburg, IN 47987	May 17, 1982	Limited Service Facility
2	44325	Covington Branch	315 Washington Street, Covington, IN 47932	January 01, 1886	Full Service Brick and Mortar
3	442437	Kingman Branch	20 East State Street, Kingman, IN 47952	May 01, 2005	Full Service Brick and Mortar

CentreBank in Veedersburg, Indiana (IN)
Overview, Financial Summary, Detailed Financial Reports, Branches

CentreBank - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

Total Fiduciary and Related Assets (December 31, 2011)

List of branches

Comment about this bank, ask questions, or add new information about it:

CentreBank in Veedersburg, Indiana (IN)Overview, Financial Summary, Detailed Financial Reports, Branches

CentreBank - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

Total Fiduciary and Related Assets (December 31, 2011)

List of branches

Comment about this bank, ask questions, or add new information about it:

CentreBank in Veedersburg, Indiana (IN)
Overview, Financial Summary, Detailed Financial Reports, Branches