Merrillville, IN – Centier Bank achieved another profitable year of growth in 2015 with reported earnings over $32 million and a return on average assets (ROAA) of 1.13% for the year ending December 31, 2015. Total loans grew by over $350 million, or 15% from the prior year. Centier Bank achieved two significant milestones in 2015 when the bank surpassed $3 billion in total assets and $300 million in core capital.
“Commercial Loans grew by $275 million in 2015, an increase of nearly 16%,” stated Mike Schrage, Centier Bank President and CEO. “Last year, we had record numbers for Consumer Loans, with over $102 million in new loans opened. We also had record closed mortgage loans (dollar amount) in our bank history with 1,491 loans for $282 million.”
In keeping with strategic plans for expansion across Northern Indiana, Centier Bank opened a retail branch and business banking center in Downtown Indianapolis, located at 1 N. Pennsylvania, one block southeast of Monument Circle. The bank’s prominent Greater Indianapolis banking and loan team is projected to grow over the next several years, as Centier Bank plans to open multiple Central Indiana locations throughout Hamilton, Hendricks, and Boone Counties. Centier also moved into another historic downtown location in Northwest Indiana, opening a branch inside of the historic 504 Broadway building (formerly Gary State Bank), in Downtown Gary.
“We are excited to be neighbors in these downtown metropolitan areas and hope our presence will contribute to the vitality and growth of our Indiana cities,” stated Schrage. “Our eyes are on opening a new downtown South Bend location later this year.”
The opening of these loan offices and branches further solidifies Centier’s commitment to remaining a premier community bank and commercial real estate and residential lender in Indiana that remains “Not for Sale.” This “Not for Sale” commitment is a personal promise that Centier Bank will remain independently owned and operated for generations to come. Since 2007, Centier Bank has been among the top 10 “Best Places to Work in Indiana” by the Indiana Chamber of Commerce and received national attention by American Banker magazine as one of the Top 20 Best Banks to Work For in the U.S.A.
As banking continues to integrate technological advancement, Centier will also expand its growing network of EZ Deposit ATMs and Interactive Teller Machines. These ATMs accept deposits and process more types of transactions than traditional ATMs, offering expanded banking conveniences throughout our service network.
“We are looking ahead and building convenient electronic banking amenities that cater to clients who need flexible banking hours,” stated Schrage. “We want clients and future generations to experience the Centier difference, even if they don’t always step foot into a branch. We even have the technology to complete and approve small business loan applications from a mobile device! But, a tap on your phone will never replace the warm handshake of a Centier banker…we will ALWAYS be here to offer you a personalized, friendly banking experience.”
About Centier Bank
Centier is the largest privately-owned independent bank in Indiana and remains committed to being owned and operated by the Schrage family in the future. The bank has retail banking locations in Allen, Elkhart, Hamilton, Lake, La Porte, Marion, Marshall, Porter, St. Joseph, and Tippecanoe Counties in Indiana. For more information on Centier products and services, visit centier.com.