Statement of Condition

OFFICE LOCATIONS
ALLEN COUNTY
FORT WAYNE
*9921 DuPont Circle
Dr. West, Suite 110
WHITING
*1500 – 119th St.
WINFIELD
*8020 E. 109th Ave.
ELKHART
LA PORTE COUNTY
ELKHART
*303 County Rd. 17
LA PORTE
*73 Pine Lake Ave.
HAMILTON
MARION COUNTY
CARMEL
*568 E. Carmel Dr.
INDIANAPOLIS
*1 N. Pennsylvania St.
LAKE COUNTY
MARSHALL COUNTY
CEDAR LAKE
*9704 Lincoln Plaza Center
(Inside Strack & Van Til)
CROWN POINT
*Downtown - 117 E. Joliet St.
*North - 1276 N. Main St.
*South - 1501 S. Court St.
*10851 Broadway
(Inside Strack & Van Til)
DYER
*1121 Sheffield Ave.
EAST CHICAGO
*720 W. 145th St.
GARY
*504 Broadway, Suite 102
*650 S. Lake St.
*4883 Broadway
GRIFFITH
*500 N. Broad St.
HAMMOND
*5433 Hohman Ave.
*2635 169th St. (Inside Van Til’s)
HIGHLAND
*9701 Indianapolis Blvd.
*9102 Indianapolis Blvd.
HOBART
*433 Main St.
*7760 E. 37th Ave.
(Inside Strack & Van Til)
LOWELL
*1914 E. Commercial Ave.
*Express - 221 E. Commercial Ave.
MERRILLVILLE
*8310 Broadway
*3198 E. 81st Ave.
(Corner of Colorado and U.S. 30)
*6001 Broadway
(Inside Ultra Foods)
MUNSTER
*9716 White Oak Ave.
SCHERERVILLE
*5191 W. Lincoln Hwy.
*1515 US Highway 41
(Inside of Strack & Van Til)
COMING SPRING 2016
ST. JOHN
*9151 Wicker Ave.
(U.S. Hwy. 41)
*9825 Wicker Ave. (U.S. Hwy. 41)
(Inside Strack & Van Til)
*ATM Locations
PLYMOUTH OAK DRIVE
*537 N. Oak Dr.
PORTER COUNTY
CHESTERTON
Downtown - 103 Broadway
*Express - 104 Grant St.
*South - 1600 S. Calumet Rd.
PORTAGE
*3220 Willowcreek Rd.
*6046 Central Ave.
(Inside Town & Country Market)
SOUTH HAVEN
*390 West U.S. Hwy. 6
VALPARAISO
*Centier Square - 150 Lincolnway
*North - 1802 Calumet Ave.
*South - 360 Morthland Dr.
*East - 2707 La Porte Ave.
*1605 Calumet Ave.
(Inside Town & Country Market)
2016
PRESIDENT’S MESSAGE
FAMILY-OWNED
ST. JOSEPH
MISHAWAKA
*255 E. Day Rd.
TIPPECANOE COUNTY
LAFAYETTE
*323 Columbia St. Suite 1A
*1921 Veterans Memorial Pkwy S.
WEST LAFAYETTE
*1020A Sagamore Park Ctr.
*2636 U.S. 52 (Inside Meijer)
CORPORATE
HEADQUARTERS
MERRILLVILLE
600 E. 84th Ave.
2015
.com
756-BANK | 1-888-Centier | Member FDIC
2016
FAMILY VALUES ESSENTIALS OF EXCELLENCE LOCAL BANKERS SINCE 1895
COMMUNITY BANKING BEST PLACE TO WORK FAMILY VALUES ESSENTIALS
OF EXCELLENCE LOCAL BANKERS SINCE 1895 COMMUNITY BANKING BEST
PLACETOWORK FAMILYVALUES ESSENTIALSOFEXCELLENCE LOCALBANKERS
SINCE 1895 COMMUNITY BANKING BEST PLACE TO WORK FAMILY VALUES
ESSENTIALS OF EXCELLENCE LOCAL BANKERS SINCE 1895 COMMUNITY
BANKING BEST PLACE TO WORK FAMILYCentier
VALUES
ESSENTIALS
Bank achieved
another year of growth inOF
2015,EXCELLENCE
with reported earnings over $32 million in 2015 and a
The opening of these
LOCAL BANKERS SINCE 1895 COMMUNITY
BANKING
BEST
return on
average assets (ROAA)
of 1.13%.PLACE
Total loans TO WORK
loan offices and branches
grew by over $350 million, or 15% from the prior year.
FAMILY VALUES ESSENTIALS OF EXCELLENCE
LOCAL
BANKERS
SINCE 1895 further solidifies our
Centier Bank achieved
two significant
milestones in 2015
the bank surpassed $3 billion in total assets and
COMMUNITY BANKING BEST PLACE TOwhen
WORK
FAMILY
VALUES ESSENTIALS commitment to remaining
$300
million in core
capital.
OF EXCELLENCE
LOCAL BANKERS SINCEIn 2015,
1895
COMMUNITY
BANKING BEST a premier community bank
Centier Bank
further expanded its service
INDIANA’S
footprint by opening a retail branch and business banking
and commercial real estate
PLACETOWORK FAMILYVALUES ESSENTIALS
OFEXCELLENCE
LOCAL
center in Downtown
Indianapolis. Our prominent
Greater BANKERS
Indianapolis banking and loan team is projected to grow
SINCE 1895LARGEST
COMMUNITY BANKING BEST
PLACE
TOas Centier
WORK
VALUES and residential lender in
over the next
several years,
plans toFAMILY
open
Indiana that remains
Central Indiana locations throughout Hamilton,
ESSENTIALSPRIVATE
OF EXCELLENCE LOCAL multiple
BANKERS
SINCE
1895
Hendricks,
and Boone Counties.
Also coming
soon isCOMMUNITY
a
“Not for Sale.”
Banking grocery store branch inside of Schererville
BANKING BEST PLACE TO WORK FAMILY7-Day
VALUES
ESSENTIALS
OF
EXCELLENCE
Strack & Van Til and a new banking center located in
Downtown South Bend.
LOCAL BANKERS SINCE 1895 COMMUNITY
BANKING BEST PLACE TO WORK
The opening of these loan offices and branches further
FAMILY VALUES
ESSENTIALS
OF
EXCELLENCE
LOCAL
BANKERS
SINCE 1895
solidifies our commitment
to remaining
a premier
BANK
Sincerely,
community bank and commercial real estate and
COMMUNITY BANKING
BEST
PLACE
TO
WORK
FAMILY
VALUES
ESSENTIALS
residential lender in Indiana that remains “Not for
Est. 1895
Sale.” This “Not for Sale” commitment is my personal
OF EXCELLENCE LOCAL BANKERS SINCE
1895 COMMUNITY BANKING BEST
promise, and the Schrage family, that Centier will remain
Michael E. Schrage
independently owned and operated for generations to
PLACETOWORK FAMILYVALUES ESSENTIALS
OF
EXCELLENCE
LOCAL
BANKERS
President, CEO, and
come. Since 2007, Centier Bank has been among the
Chairman of the Board
top 10 “Best Places to Work in Indiana” by the Indiana
SINCE 1895 COMMUNITY BANKING BEST
PLACE
TO
WORK
FAMILY
VALUES
Chamber of Commerce and received national attention
by American Banker magazine as one of the Top 20 Best
ESSENTIALS OF EXCELLENCE LOCAL BANKERS
SINCE 1895 COMMUNITY
Banks to Work For in the U.S.A.
BANKING BESTPLACETOWORKFAMILYVALUES
ESSENTIALS OF EXCELLENCE
Together, we are building a stronger future for our families
and communities. I thank you for your continued loyalty
LOCAL
BANKERS SINCE
1895 COMMUNITY
BANKING BEST PLACE TO WORK
ANNUAL
REPORT
and support.
FAMILY VALUES ESSENTIALS OF EXCELLENCE LOCAL BANKERS SINCE 1895
COMMUNITY BANKING BEST PLACE TO WORK FAMILY VALUES ESSENTIALS
OF EXCELLENCE LOCAL BANKERS SINCE 18ITY BANKING BEST PLACE TO
OFFICE LOCATIONS
ALLEN COUNTY
FORT WAYNE
*9921 DuPont Circle
Dr. West, Suite 110
WHITING
*1500 – 119th St.
WINFIELD
*8020 E. 109th Ave.
ELKHART
LA PORTE COUNTY
ELKHART
*303 County Rd. 17
LA PORTE
*73 Pine Lake Ave.
HAMILTON
MARION COUNTY
CARMEL
*568 E. Carmel Dr.
INDIANAPOLIS
*1 N. Pennsylvania St.
LAKE COUNTY
MARSHALL COUNTY
CEDAR LAKE
*9704 Lincoln Plaza Center
(Inside Strack & Van Til)
CROWN POINT
*Downtown - 117 E. Joliet St.
*North - 1276 N. Main St.
*South - 1501 S. Court St.
*10851 Broadway
(Inside Strack & Van Til)
DYER
*1121 Sheffield Ave.
EAST CHICAGO
*720 W. 145th St.
GARY
*504 Broadway, Suite 102
*650 S. Lake St.
*4883 Broadway
GRIFFITH
*500 N. Broad St.
HAMMOND
*5433 Hohman Ave.
*2635 169th St. (Inside Van Til’s)
HIGHLAND
*9701 Indianapolis Blvd.
*9102 Indianapolis Blvd.
HOBART
*433 Main St.
*7760 E. 37th Ave.
(Inside Strack & Van Til)
LOWELL
*1914 E. Commercial Ave.
*Express - 221 E. Commercial Ave.
MERRILLVILLE
*8310 Broadway
*3198 E. 81st Ave.
(Corner of Colorado and U.S. 30)
*6001 Broadway
(Inside Ultra Foods)
MUNSTER
*9716 White Oak Ave.
SCHERERVILLE
*5191 W. Lincoln Hwy.
*1515 US Highway 41
(Inside of Strack & Van Til)
COMING SPRING 2016
ST. JOHN
*9151 Wicker Ave.
(U.S. Hwy. 41)
*9825 Wicker Ave. (U.S. Hwy. 41)
(Inside Strack & Van Til)
*ATM Locations
PLYMOUTH OAK DRIVE
*537 N. Oak Dr.
PORTER COUNTY
CHESTERTON
Downtown - 103 Broadway
*Express - 104 Grant St.
*South - 1600 S. Calumet Rd.
PORTAGE
*3220 Willowcreek Rd.
*6046 Central Ave.
(Inside Town & Country Market)
SOUTH HAVEN
*390 West U.S. Hwy. 6
VALPARAISO
*Centier Square - 150 Lincolnway
*North - 1802 Calumet Ave.
*South - 360 Morthland Dr.
*East - 2707 La Porte Ave.
*1605 Calumet Ave.
(Inside Town & Country Market)
2016
PRESIDENT’S MESSAGE
FAMILY-OWNED
ST. JOSEPH
MISHAWAKA
*255 E. Day Rd.
TIPPECANOE COUNTY
LAFAYETTE
*323 Columbia St. Suite 1A
*1921 Veterans Memorial Pkwy S.
WEST LAFAYETTE
*1020A Sagamore Park Ctr.
*2636 U.S. 52 (Inside Meijer)
CORPORATE
HEADQUARTERS
MERRILLVILLE
600 E. 84th Ave.
2015
.com
756-BANK | 1-888-Centier | Member FDIC
2016
FAMILY VALUES ESSENTIALS OF EXCELLENCE LOCAL BANKERS SINCE 1895
COMMUNITY BANKING BEST PLACE TO WORK FAMILY VALUES ESSENTIALS
OF EXCELLENCE LOCAL BANKERS SINCE 1895 COMMUNITY BANKING BEST
PLACETOWORK FAMILYVALUES ESSENTIALSOFEXCELLENCE LOCALBANKERS
SINCE 1895 COMMUNITY BANKING BEST PLACE TO WORK FAMILY VALUES
ESSENTIALS OF EXCELLENCE LOCAL BANKERS SINCE 1895 COMMUNITY
BANKING BEST PLACE TO WORK FAMILYCentier
VALUES
ESSENTIALS
Bank achieved
another year of growth inOF
2015,EXCELLENCE
with reported earnings over $32 million in 2015 and a
The opening of these
LOCAL BANKERS SINCE 1895 COMMUNITY
BANKING
BEST
return on
average assets (ROAA)
of 1.13%.PLACE
Total loans TO WORK
loan offices and branches
grew by over $350 million, or 15% from the prior year.
FAMILY VALUES ESSENTIALS OF EXCELLENCE
LOCAL
BANKERS
SINCE 1895 further solidifies our
Centier Bank achieved
two significant
milestones in 2015
the bank surpassed $3 billion in total assets and
COMMUNITY BANKING BEST PLACE TOwhen
WORK
FAMILY
VALUES ESSENTIALS commitment to remaining
$300
million in core
capital.
OF EXCELLENCE
LOCAL BANKERS SINCEIn 2015,
1895
COMMUNITY
BANKING BEST a premier community bank
Centier Bank
further expanded its service
INDIANA’S
footprint by opening a retail branch and business banking
and commercial real estate
PLACETOWORK FAMILYVALUES ESSENTIALS
OFEXCELLENCE
LOCAL
center in Downtown
Indianapolis. Our prominent
Greater BANKERS
Indianapolis banking and loan team is projected to grow
SINCE 1895LARGEST
COMMUNITY BANKING BEST
PLACE
TOas Centier
WORK
VALUES and residential lender in
over the next
several years,
plans toFAMILY
open
Indiana that remains
Central Indiana locations throughout Hamilton,
ESSENTIALSPRIVATE
OF EXCELLENCE LOCAL multiple
BANKERS
SINCE
1895
Hendricks,
and Boone Counties.
Also coming
soon isCOMMUNITY
a
“Not for Sale.”
Banking grocery store branch inside of Schererville
BANKING BEST PLACE TO WORK FAMILY7-Day
VALUES
ESSENTIALS
OF
EXCELLENCE
Strack & Van Til and a new banking center located in
Downtown South Bend.
LOCAL BANKERS SINCE 1895 COMMUNITY
BANKING BEST PLACE TO WORK
The opening of these loan offices and branches further
FAMILY VALUES
ESSENTIALS
OF
EXCELLENCE
LOCAL
BANKERS
SINCE 1895
solidifies our commitment
to remaining
a premier
BANK
Sincerely,
community bank and commercial real estate and
COMMUNITY BANKING
BEST
PLACE
TO
WORK
FAMILY
VALUES
ESSENTIALS
residential lender in Indiana that remains “Not for
Est. 1895
Sale.” This “Not for Sale” commitment is my personal
OF EXCELLENCE LOCAL BANKERS SINCE
1895 COMMUNITY BANKING BEST
promise, and the Schrage family, that Centier will remain
Michael E. Schrage
independently owned and operated for generations to
PLACETOWORK FAMILYVALUES ESSENTIALS
OF
EXCELLENCE
LOCAL
BANKERS
President, CEO, and
come. Since 2007, Centier Bank has been among the
Chairman of the Board
top 10 “Best Places to Work in Indiana” by the Indiana
SINCE 1895 COMMUNITY BANKING BEST
PLACE
TO
WORK
FAMILY
VALUES
Chamber of Commerce and received national attention
by American Banker magazine as one of the Top 20 Best
ESSENTIALS OF EXCELLENCE LOCAL BANKERS
SINCE 1895 COMMUNITY
Banks to Work For in the U.S.A.
BANKING BESTPLACETOWORKFAMILYVALUES
ESSENTIALS OF EXCELLENCE
Together, we are building a stronger future for our families
and communities. I thank you for your continued loyalty
LOCAL
BANKERS SINCE
1895 COMMUNITY
BANKING BEST PLACE TO WORK
ANNUAL
REPORT
and support.
FAMILY VALUES ESSENTIALS OF EXCELLENCE LOCAL BANKERS SINCE 1895
COMMUNITY BANKING BEST PLACE TO WORK FAMILY VALUES ESSENTIALS
OF EXCELLENCE LOCAL BANKERS SINCE 18ITY BANKING BEST PLACE TO
2015
CONSOLIDATED
STATEMENT
OF CONDITION
2015
CONSOLIDATED
STATEMENT
OF INCOME
DECEMBER 31, 2015
ASSETS:
LaPorte
Porter
St. Jo
Elkhart
seph
Mar
shal
Lake
l
Allen
oe
Tippecan
FOR THE YEAR ENDED DECEMBER 31, 2015
Hamilto
n
n
Mario
INTEREST INCOME:
Cash and due from banks
$
Interest-bearing deposits in banks
46,789,864
Interest and fees on loans
72,379,841
Interest on investment securities
$
U.S. Government obligations
Investment securities
U.S. Government obligations
26,094,374
States and political subdivisions
142,865,329
Other securities
142,772,958
Total investment securities
247,157
Obligations of states and political subdivisions.
2,072,876
Other securities
2,301,121
Interest on deposits in banks
185,552
104,381,654
311,732,661
Federal funds sold
INTEREST EXPENSE:
–
Loans, less allowance for loan losses of $29,757,735
Interest on deposits
2,594,007,904
Office buildings, equipment and leasehold improvements, net
sold under repurchase agreements
527,896
Accrued interest and other assets
2,526
Interest on borrowed funds
74,270,732
TOTAL ASSETS
4,904,906
Interest on Federal funds purchased and securities
28,717,689
Other real estate owned
396,361
5,303,793
$ 3,128,426,587
Net interest income
LIABILITIES AND STOCKHOLDERS’ EQUITY:
Provision for loan losses
Deposits:
Net interest income after loan losses
Demand
$
607,044,755
OTHER INCOME:
Savings
705,806,613
Wealth Management fees
60,425,445
Borrowed funds
273,361,883
TOTAL LIABILITIES
220,348
Card interchange fees
2,480,620,164
Accrued interest and other liabilities
6,441,621
13,374,710
Gain on sale of securities
460,389,558
Total deposits
3,700,000
95,377,861
Deposit Service fees
74,466,513
Other time
99,077,861
632,912,725
NOW accounts
Time, $250,000 and over
99,574,948
9,020,308
Mortgage banking income
6,653,587
Other
6,209,497
41,920,071
2,814,407,492
OTHER EXPENSES:
STOCKHOLDERS’ EQUITY:
Salaries
Common stock, par value $2,920; authorized and 352 outstanding shares
Profit sharing and other employee benefits
1,027,840
38,932,969
Surplus
101,972,801
Occupancy expenses, net
Retained earnings
211,018,454
314,019,095
Other operating expenses
Total stockholders’ equity
23,368,068
85,593,984
51,703,948
Income before income taxes
$ 3,128,426,587
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY
LETTERS OF CREDIT $16,782,828
9,233,725
14,059,222
19,500,000
Income tax expense
NET INCOME
DIRECTORS
MICHAEL E. SCHRAGE
Centier Bank President, CEO,
& Chairman of the Board
Merrillville, IN
MICHAEL BARKER
C.P.A., Consultant,
Adjunct Professor
Pendleton, IN
$
32,203,948
DIRECTORS
TIM BRUST
Wille, Stiener & Brust, Inc.
Valparaiso, IN
MICHAEL D. CAHILL
C.P.A., CEO-AWS Foundation
Fort Wayne, IN
JENNIFER CALLISON
Mike Thomas Associates
Fort Wayne, IN
ALBERT L. GUTIERREZ
Saint Joseph Regional
Medical Center
Mishawaka, IN
TIM HEALY
Holladay Properties
Portage, IN
MICHAEL LEEP, SR.
Gurley-Leep Automotive
Management Corporation
Mishawaka, IN
JOE SEAMAN
Greater Lafayette Commerce
(Retired)
Lafayette, IN
KEVIN M. SULLIVAN
Katz, Sapper, & Miller
Indianapolis, IN
JOHN WILLIS
MBAH Insurance
Lafayette, IN
HAROLD (SONNY) WYLAND
Wyland, Humphrey,
& Clevenger, LLP
Plymouth, IN
2015
CONSOLIDATED
STATEMENT
OF INCOME
LaPorte
Porter
St. Jo
Elkhart
seph
Mar
shal
Lake
l
Allen
oe
Tippecan
FOR THE YEAR ENDED DECEMBER 31, 2015
Hamilto
n
n
Mario
INTEREST INCOME:
Interest and fees on loans $
99,574,948
Interest on investment securities
U.S. Government obligations 247,157
Obligations of states and political subdivisions. 2,072,876
Other securities 2,301,121
185,552
Interest on deposits in banks 104,381,654
INTEREST EXPENSE:
4,904,906
Interest on deposits Interest on Federal funds purchased and securities
sold under repurchase agreements 2,526
Interest on borrowed funds 396,361
Net interest income 99,077,861
5,303,793
Provision for loan losses 3,700,000
Net interest income after loan losses 95,377,861
OTHER INCOME:
Wealth Management fees 6,441,621
Deposit Service fees 13,374,710
Gain on sale of securities 220,348
Card interchange fees 9,020,308
Mortgage banking income 6,653,587
Other 6,209,497
41,920,071
OTHER EXPENSES:
38,932,969
Salaries Profit sharing and other employee benefits 9,233,725
Occupancy expenses, net 14,059,222
23,368,068
Other operating expenses 85,593,984
51,703,948
Income before income taxes 19,500,000
Income tax expense NET INCOME
$
32,203,948
DIRECTORS
TIM HEALY
Holladay Properties
Portage, IN
MICHAEL LEEP, SR.
Gurley-Leep Automotive
Management Corporation
Mishawaka, IN
JOE SEAMAN
Greater Lafayette Commerce
(Retired)
Lafayette, IN
KEVIN M. SULLIVAN
Katz, Sapper, & Miller
Indianapolis, IN
JOHN WILLIS
MBAH Insurance
Lafayette, IN
HAROLD (SONNY) WYLAND
Wyland, Humphrey,
& Clevenger, LLP
Plymouth, IN
OFFICE LOCATIONS
ALLEN COUNTY
FORT WAYNE
*9921 DuPont Circle
Dr. West, Suite 110
WHITING
*1500 – 119th St.
WINFIELD
*8020 E. 109th Ave.
ELKHART
LA PORTE COUNTY
ELKHART
*303 County Rd. 17
LA PORTE
*73 Pine Lake Ave.
HAMILTON
MARION COUNTY
CARMEL
*568 E. Carmel Dr.
INDIANAPOLIS
*1 N. Pennsylvania St.
LAKE COUNTY
MARSHALL COUNTY
CEDAR LAKE
*9704 Lincoln Plaza Center
(Inside Strack & Van Til)
CROWN POINT
*Downtown - 117 E. Joliet St.
*North - 1276 N. Main St.
*South - 1501 S. Court St.
*10851 Broadway
(Inside Strack & Van Til)
DYER
*1121 Sheffield Ave.
EAST CHICAGO
*720 W. 145th St.
GARY
*504 Broadway, Suite 102
*650 S. Lake St.
*4883 Broadway
GRIFFITH
*500 N. Broad St.
HAMMOND
*5433 Hohman Ave.
*2635 169th St. (Inside Van Til’s)
HIGHLAND
*9701 Indianapolis Blvd.
*9102 Indianapolis Blvd.
HOBART
*433 Main St.
*7760 E. 37th Ave.
(Inside Strack & Van Til)
LOWELL
*1914 E. Commercial Ave.
*Express - 221 E. Commercial Ave.
MERRILLVILLE
*8310 Broadway
*3198 E. 81st Ave.
(Corner of Colorado and U.S. 30)
*6001 Broadway
(Inside Ultra Foods)
MUNSTER
*9716 White Oak Ave.
SCHERERVILLE
*5191 W. Lincoln Hwy.
*1515 US Highway 41
(Inside of Strack & Van Til)
COMING SPRING 2016
ST. JOHN
*9151 Wicker Ave.
(U.S. Hwy. 41)
*9825 Wicker Ave. (U.S. Hwy. 41)
(Inside Strack & Van Til)
*ATM Locations
PLYMOUTH OAK DRIVE
*537 N. Oak Dr.
PORTER COUNTY
CHESTERTON
Downtown - 103 Broadway
*Express - 104 Grant St.
*South - 1600 S. Calumet Rd.
PORTAGE
*3220 Willowcreek Rd.
*6046 Central Ave.
(Inside Town & Country Market)
SOUTH HAVEN
*390 West U.S. Hwy. 6
VALPARAISO
*Centier Square - 150 Lincolnway
*North - 1802 Calumet Ave.
*South - 360 Morthland Dr.
*East - 2707 La Porte Ave.
*1605 Calumet Ave.
(Inside Town & Country Market)
2016
PRESIDENT’S MESSAGE
FAMILY-OWNED
ST. JOSEPH
MISHAWAKA
*255 E. Day Rd.
TIPPECANOE COUNTY
LAFAYETTE
*323 Columbia St. Suite 1A
*1921 Veterans Memorial Pkwy S.
WEST LAFAYETTE
*1020A Sagamore Park Ctr.
*2636 U.S. 52 (Inside Meijer)
CORPORATE
HEADQUARTERS
MERRILLVILLE
600 E. 84th Ave.
2015
.com
756-BANK | 1-888-Centier | Member FDIC
2016
FAMILY VALUES ESSENTIALS OF EXCELLENCE LOCAL BANKERS SINCE 1895
COMMUNITY BANKING BEST PLACE TO WORK FAMILY VALUES ESSENTIALS
OF EXCELLENCE LOCAL BANKERS SINCE 1895 COMMUNITY BANKING BEST
PLACETOWORK FAMILYVALUES ESSENTIALSOFEXCELLENCE LOCALBANKERS
SINCE 1895 COMMUNITY BANKING BEST PLACE TO WORK FAMILY VALUES
ESSENTIALS OF EXCELLENCE LOCAL BANKERS SINCE 1895 COMMUNITY
BANKING BEST PLACE TO WORK FAMILYCentier
VALUES
ESSENTIALS
Bank achieved
another year of growth inOF
2015,EXCELLENCE
with reported earnings over $32 million in 2015 and a
The opening of these
LOCAL BANKERS SINCE 1895 COMMUNITY
BANKING
BEST
return on
average assets (ROAA)
of 1.13%.PLACE
Total loans TO WORK
loan offices and branches
grew by over $350 million, or 15% from the prior year.
FAMILY VALUES ESSENTIALS OF EXCELLENCE
LOCAL
BANKERS
SINCE 1895 further solidifies our
Centier Bank achieved
two significant
milestones in 2015
the bank surpassed $3 billion in total assets and
COMMUNITY BANKING BEST PLACE TOwhen
WORK
FAMILY
VALUES ESSENTIALS commitment to remaining
$300
million in core
capital.
OF EXCELLENCE
LOCAL BANKERS SINCEIn 2015,
1895
COMMUNITY
BANKING BEST a premier community bank
Centier Bank
further expanded its service
INDIANA’S
footprint by opening a retail branch and business banking
and commercial real estate
PLACETOWORK FAMILYVALUES ESSENTIALS
OFEXCELLENCE
LOCAL
center in Downtown
Indianapolis. Our prominent
Greater BANKERS
Indianapolis banking and loan team is projected to grow
SINCE 1895LARGEST
COMMUNITY BANKING BEST
PLACE
TOas Centier
WORK
VALUES and residential lender in
over the next
several years,
plans toFAMILY
open
Indiana that remains
Central Indiana locations throughout Hamilton,
ESSENTIALSPRIVATE
OF EXCELLENCE LOCAL multiple
BANKERS
SINCE
1895
Hendricks,
and Boone Counties.
Also coming
soon isCOMMUNITY
a
“Not for Sale.”
Banking grocery store branch inside of Schererville
BANKING BEST PLACE TO WORK FAMILY7-Day
VALUES
ESSENTIALS
OF
EXCELLENCE
Strack & Van Til and a new banking center located in
Downtown South Bend.
LOCAL BANKERS SINCE 1895 COMMUNITY
BANKING BEST PLACE TO WORK
The opening of these loan offices and branches further
FAMILY VALUES
ESSENTIALS
OF
EXCELLENCE
LOCAL
BANKERS
SINCE 1895
solidifies our commitment
to remaining
a premier
BANK
Sincerely,
community bank and commercial real estate and
COMMUNITY BANKING
BEST
PLACE
TO
WORK
FAMILY
VALUES
ESSENTIALS
residential lender in Indiana that remains “Not for
Est. 1895
Sale.” This “Not for Sale” commitment is my personal
OF EXCELLENCE LOCAL BANKERS SINCE
1895 COMMUNITY BANKING BEST
promise, and the Schrage family, that Centier will remain
Michael E. Schrage
independently owned and operated for generations to
PLACETOWORK FAMILYVALUES ESSENTIALS
OF
EXCELLENCE
LOCAL
BANKERS
President, CEO, and
come. Since 2007, Centier Bank has been among the
Chairman of the Board
top 10 “Best Places to Work in Indiana” by the Indiana
SINCE 1895 COMMUNITY BANKING BEST
PLACE
TO
WORK
FAMILY
VALUES
Chamber of Commerce and received national attention
by American Banker magazine as one of the Top 20 Best
ESSENTIALS OF EXCELLENCE LOCAL BANKERS
SINCE 1895 COMMUNITY
Banks to Work For in the U.S.A.
BANKING BESTPLACETOWORKFAMILYVALUES
ESSENTIALS OF EXCELLENCE
Together, we are building a stronger future for our families
and communities. I thank you for your continued loyalty
LOCAL
BANKERS SINCE
1895 COMMUNITY
BANKING BEST PLACE TO WORK
ANNUAL
REPORT
and support.
FAMILY VALUES ESSENTIALS OF EXCELLENCE LOCAL BANKERS SINCE 1895
COMMUNITY BANKING BEST PLACE TO WORK FAMILY VALUES ESSENTIALS
OF EXCELLENCE LOCAL BANKERS SINCE 18ITY BANKING BEST PLACE TO