Centier Bank is
reporting another profitable year of growth in 2016 with reported earnings
over $35.9 million and a return on average assets (ROAA) of 1.09 percent for
Total loans grew by
over $315 million, an increase of 12 percent over 2015, Centier said in a
statement released today. Meanwhile, the bank achieved two significant
milestones in 2016, when it surpassed $3.5 billion in total assets and $3.0
billion in total deposits.
* Commercial loans
grew by over 8 percent and surpassed the $2 billion mark.
* Mortgage Loans
closed at $367 million, a new high for the institution and an increase of
$85 million over 2015 “as the Centier brand continues to grow in outlying
* Centier also
added four new locations last year, in Westfield, Zionsville, Whitestown
Meijer, and Schererville Strack & Van Til.
experienced phenomenal growth over the past few years, particularly in our
Northern and Central Indiana communities,” Centier President Michael Schrage
said. “We've been welcomed by families and businesses who are starved for
independent community banking and personalized services that are unique to
growth expected in 2017--the bank has begun construction on a new Granger
branch and a South Bend Downtown Banking Center--Centier is also developing
new banking divisions:
* A new Community
Relations and Business Development division will promote the bank's
philanthropy, community outreach, financial wellness, and community
reinvestment act initiatives to support the bank's culture of engagement.
* A new division
and leadership team for Mortgage Warehouse Lending and services will further
solidify Centier's commitment to remaining a premier community bank and
residential lender in Indiana.
“We welcome every
opportunity for residents to make the change to Centier and experience the
Centier difference,” Schrage said. “I guarantee that you will always walk
away with a network of financial professionals that can help you with every
stage of life and will be your financial partner for life. Our commitment to
service excellence and our family legacy are the foundation for our ‘Not for
Sale’ promise that Centier Bank will remain independently owned and operated
for future generations to come.”