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

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
  • NoIDNameAddressEstablishedService TypeMap
    09828Centrebank126-128 North Main Street, Veedersburg, IN 47987October 13, 1917Full Service Brick and Mortar
    1234481Sterling Branch215 North Sterling Avenue, Veedersburg, IN 47987May 17, 1982Limited Service Facility
    244325Covington Branch315 Washington Street, Covington, IN 47932January 01, 1886Full Service Brick and Mortar
    3442437Kingman Branch20 East State Street, Kingman, IN 47952May 01, 2005Full Service Brick and Mortar

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