Winter 2015 - Centric Bank

2014 marked a year of business opportunities for our customers as they turned
aspirations into realities. “Be the Difference Maker” was the theme of our stock
offering, and it also captures the spirit and sentiment your small business growth.
To see our services provide a powerful launch pad for businesses to expand and
hire to meet pent-up consumer demand is especially rewarding.
Like fresh air, the rising consumer confidence in central Pennsylvania is
invigorating: we see it in the faces of the men and women who are turning their
innovative ideas into market-ready products; we see it in Camp Hill, Harrisburg,
Hershey, and beyond as commercial construction and renovations rise. And in
spite of past disruptive economic cycles, our lending strength continues to be the
driver of the region’s business growth. There are nearly 200,000 businesses in south central Pennsylvania with
annual GDP of $13.5 billion. We’re honored to be a key financing partner in this new wave of entrepreneurial and
business growth.
The advantages of being your Community Bank of Choice are many, but chief among them is the opportunity
to contribute to a business dream and be your Difference Maker. One small business owner puts it this way:
“Without Centric Bank’s support and business guidance, I would not have been able to navigate the path to
commercial property ownership as seamlessly as I did. Kristel Zaring not only kept me informed every step of the
process, but she prepared me for eventualities, unexpected scenarios, and regulatory requirements. There are
so many moving parts in a property purchase—and an overwhelming sense of vulnerability—that it’s critical to
choose the best banking partner who truly works for you. They were as excited at settlement as I was!”
This was a growth year for us as well. We added 17 new employees, bringing our team to 64. We expanded our
commercial lending services and team with four new faces. Our two new mortgage lenders are supporting area
residents as they buy or build the homes of their dreams. And a newly appointed SBA lender is helping small
businesses find the right borrowing solution.
Once again, Centric Bank was the primary sponsor and proud participant in the Camp Hill Toys for Tots Holiday
Parade. While pouring rain forced the cancellation of the Parade outside, the weather couldn’t dampen our
spirit! There was a fantastic turnout for indoor festivities in the Camp Hill Borough building and the U.S.
Marines received a record number of donated toys. The Mummers, scheduled to perform in the parade, treated
community residents young and old to an energetic show indoors. “We Revolve Around You”—even on the
dance floor!
In the fall, the Centric Bank scoreboard was unveiled at the long-awaited renovation of Seibert Park, home of the
Camp Hill Lions! We consider the scoreboard a landmark of our lasting commitment to our Camp Hill neighbors.
Community spirit is at the core of who we are, and over the past year Centric Bank team members marched
in the Memorial Day parades in Derry Township and Camp Hill, attended the American Heart Association’s Go
Red Luncheon and The Salvation Army’s Shoe Strut, the YWCA’s Power of Style, and rallied around many other
organizations and causes.
Our stock offering raised over $4 million and in every conversation with potential investors, the Centric Bank story
of Powering Business and Communities. Growing with Intention.TM resonated and inspired. We recently announced
consolidated earnings of $1.2 million year to date. Net loans as of December 31, 2014, reached $250.9 million,
with loan growth of $23.5 million, an increase of 10.3% year over year. Our total assets at December 31, 2014 were
$311.8 million, an increase of $7.4 million, or 2.4% year over year.
We anticipate a robust year of Difference Making as we seek new opportunities to help you grow. To our small
businesses, service professionals, entrepreneurs, doctors and health care providers, institutions, municipalities,
and organizations: our bankers will work hard to personalize every financial solution. We thank you for your
business, support, and friendship.
Sincerely,
Patricia A. Husic
Centric Bank President & CEO
WI NT ER 20 15
Dear Friends,
REV LUTIONS
4320 Linglestown Road, Harrisburg PA 17112
T 717.657.7727 | CentricBank.com
In the Community
Battle of the Banks
Centric Bank participated in the first annual
Battle of the Banks and raised over $750 for the
Mental Health Association of the Capitol Region,
not to mention showed that bankers can do a
mean limbo!
in the park. Patti Husic spoke at the dedication
ceremony and introduced the new score board
as it was lit up for the first time.
Toys for Tots Parade
A bit of rain couldn’t dampen our spirits at the
Camp Hill Toys for Tots Parade. While the Parade
had to be cancelled, the Mummers still came to
give us quite the indoor show!
The new score board, sponsored by Centric Bank, at the
renovated Seibert Park in Camp Hill gets lit up for the first time
at the dedication ceremony in October.
The Quaker City Mummers performed for community
members who braved the weather to come out to the
Borough Building after the Toys for Tots Parade was cancelled.
Charity Jeans Days for Food Donations
In November, we held several casual days for a
cause, on which employees could wear jeans
to work if they contributed a minimum of $5 or
items of food . We collected and donated over
$275 and 246 pounds of food. Our mortgage
team also volunteered their time to help distribute frozen turkeys and bags of potatoes.
Seibert Park Scoreboard Sponsorship
As part of the Seibert Park renovation in Camp
Hill, Centric Bank sponsored the new scoreboard
Financials
New Employees
Centric Bank is proud to welcome several
new team members:
CONSOLIDATED BALANCE SHEET
(in thousands)
$350,000
Zach Dixon
Credit Analyst
Wendy Durenleau
Teller/Personal Banker
Lindsay Heist
Human Resources Coordinator
Jan Hastings
Marketing Coordinator
Michael Folkemer
Mortgage Loan Originator
Jean Renaut
Teller
Steve Snedeker
VP, Commercial Lending Officer
$300,000
$250,000
$200,000
$150,000
12/31/2011
12/31/2012
Net Loans
12/31/2013
$276,005
$311,771
$250,908
$267,794
$304,409
$227,454
$271,439
$302,059
$205,591
$223,587
$0
$253,599
$50,000
$177,460
$100,000
12/31/2014
Total Deposits
Total Assets
CONSOLIDATED YEAR-TO-DATE RATIOS
4.00%
3.00%
12/31/2011
Yield on Average Earnings Assets
12/31/2012
12/31/2013
3.44%
.85%
4.18%
3.17%
.93%
4.03%
3.15%
1.32%
4.35%
3.42%
1.67%
4.92%
2.00%
0.00%
Wine and Chocolate Tasting:
Centric Connections’ Inaugural Event
Connecting women to people, resources
and solutions.
Centric Bank, 4320 Linglestown Road
February 3, 2015 | 5:30-7:30 pm
INFO: jhastings@centricbank.com
5.00%
1.00%
Upcoming Events
12/31/2014
Net Interest Margin
Cost of Average Interest-Bearing Liabilities
2
Maximizing Social Security Seminar
Presented by Conte Wealth Advisors
Learn little-known rules that can help you
get more out of the Social Security system.
Centric Bank, 4320 Linglestown Road
March 24, 2015 | 4:30-6:00 pm
INFO: jhastings@centricbank.com
Meet Our Mortgage Team
Centric Bank is proud to welcome a new lender to
service, combined with a variety of products to
our team of mortgage experts. Mike Folkemer is a
meet your needs. We’re even available after bank
York native with over eight years of experience with
hours and on weekends!
mortgage lending. Ask him about his pro baseball
Call Getty or Mike today to see how we can help
career before he got into mortgage lending!
you with your dream home!
Mike joins our Mortgage Department Manager,
Getty Wilson, to bring you excellence in mortgage
Fixed Rate | Adjustable Rate (ARM) | VA | USDA Rural Development | FHA
Jumbo Investment Property | Construction-to-Permanent
Getty Wilson
NMLS #586367
717.909.8302
EITC Contributions
Employee Spotlight
Centric Bank made $7,500 in donations in 2014
JOSEPH REBARCHAK
to various local educational organizations as part
Branch Manager, Lower Paxton
of the Education Improvement Tax Credit (EITC)
How long have you lived in the Harrisburg area? I moved to Harrisburg
back in 1997, relocating from Wilkes-Barre. I had been looking for work
and felt that Harrisburg supported a robust economy with a diverse
workforce, and it was a nice community to raise a family.
Program. The organizations supported in the
Hershey area include the Lower Dauphin Falcon
Foundation and the Trojan Foundation. In Camp
Hill the organizations supported include the Cleve
J. Fredericksen Library and the Lion Foundation.
Organizations supported in Harrisburg include
the Dauphin County Library, the Whitaker Center,
Arc of Dauphin County, Big Brothers/Big Sisters,
the Salvation Army, the Panther Ram Foundation,
Junior Achievement and the Hanna Foundation.
Mike Folkemer
NMLS #783536
717.909.8353
What do you enjoy most about working at Centric Bank? I have worked
in banking for over 20 years and I have worked for various institutions
from small community banks to large internationals. In all my experiences it is rare that you have the
opportunity to work for a company like Centric Bank where serving the community truly is the focal
point of its mission. Whether we are funding a new home purchase, lending to a small business, or
providing solutions for a family to save for their future, everyone in the bank is focused on what they
can do to help.
How are you involved in the local community? I have always felt that you have to be personally
involved if you want to have a strong community. I currently serve as Treasurer of the Kiwanis Club
of Harrisburg City. I’ve been involved with the United Way of the Capital Region for almost 15 years
and am currently Co-chair of the Annual Day of Caring, on the Youth Day of Caring Committee, and
have served on an Allocations Panel in the past. And for the past two years I have served as Theatre
Harrisburg’s Board President. Over the years I have taught financial education classes, ran for causes,
marched in parades, and even jumped in the Susquehanna River in February!
What is the best advice you’ve ever received? The best advice I ever received was to treat all people
with respect. In banking we deal with individuals from all socio-economic backgrounds. When
customers come to the bank they are seeking some type of financial assistance, even if it is something
as simple as cashing their paycheck. It doesn’t matter whether an individual is just starting out, has
financial hardships, or is well-off; each customer deserves to be treated as our number one client.
Vickie Broughton (center), Camp Hill Branch Manager for Centric Bank, presents a check for $1,000 to the
Cleve J. Fredericksen Library as part of Pennsylvania’s
EITC Program. Accepting the check are Mary Alice
Spiegel (left), Children’s Services Manager and Bonnie
Gobble, Library Director.
Who has been the most influential person in your life? The most influential person in my life has
been my father. Growing up we didn’t have much and my father experienced many challenges
during his life, from owning a business and losing it, to having the factory he worked in shut down.
Throughout all the challenges I never remember hearing him complain or wallow in self-pity, he
simply did whatever he had to do to take care of his family. From his example I learned to deal with
difficulties and never get down on myself. Life is what you make out of it, and if you work hard and
stay focused things will work out.
3
Eight Tips for Online Shopping Safety
• T he web address changes from “http” to
“https” or “shttp”. The “s” indicates that the
site is now secure.
•Y
our browser shows a closed lock icon in the
lower right-hand corner. Unencrypted web
pages will display an open lock.
phone number and physical address of the
seller. Check with the Better Business Bureau
or other consumer protection agency to
see if there are complaints lodged against
the merchant. Check their website to see
if they support or belong to programs that
encourage good business practices.
5Print and save records of all online
transactions – Make copies of the product
description, price, receipt and even the
main web page of the seller with contact
information. File this paper trail in the event
you might need it later.
– Determine if the product comes with a
warranty and if the seller provides service
should you need it.
8 Confirm that the seller has a return policy
– Find out if the seller will allow you to
return the item if you are not satisfied. Also
determine if you are responsible for shipping
and handling for the return, and if there are
restock fees.
This is an abstract of an article by Digital Defense
Incorporated. For the complete article and more
articles related to security, please visit our website
CentricBank.com and click on Security
Awareness at the top of the page.
4320 Linglestown Road · Harrisburg, PA 17112
Many merchant’s sites employ Secure Socket
Layer (SSL) or Secure Electronic Transaction
(SET) technology, which encrypts information
you send over the Internet. Look for one of
these signs that your transaction is secure:
4 Know who you are buying from – Get the
7 Check out warranty and service information
FINANCIAL CENTERS
2Validate the security of your transaction –
much it will cost – Understand the seller’s
description of the product and read all the
fine print. If it sounds too good to be true, it
probably is! Factor in all charges, including
shipping and handling. Be sure to comparison
shop other sites to validate the cost.
Consider what information the merchant is
collecting, why it is being collected and how
it will be used or disseminated. If there is no
privacy policy, expect that all your information
will have no safeguard, and consider going to
another seller.
LOWER PAXTON
4320 Linglestown Road
Harrisburg, PA 17112
717.657.7727
3Know exactly what you are buying and how
6 Verify the privacy policy of the seller –
CAMP HILL
1625 Market Street
Camp Hill, PA 17011
717.730.2816
1 Pay with a credit card – Paying with a
credit card is safer than using a debit card,
check, or cash. A credit card gives you
the ability to legally dispute charges for
goods that you never received, ordered,
or were misrepresented to you. If there are
unauthorized charges on a credit card, your
liability is limited to $50, under federal law.
• C
onsider what the website says about how
the seller safeguards your information
during transmission and storage.
SILVER SPRING
6480 Carlisle Pike
Mechanicsburg, PA 17050
717.591.1360
DERRY TOWNSHIP
1201 West Governor Road
Hummelstown, PA 17036
717.533.7626
There are numerous security precautions you can
take to protect yourself and enjoy the benefits of
shopping online.