Letter from the President

About Us / Letter from the President

Mike Schrage

A Message from Mike

A letter from Michael E. Schrage, Centier current President & Chairman of the Board...

Centier Bank achieved another profitable year of growth in 2017 with reported earnings over $37 million and a return on average assets of 1.04% for the year, ending December 31, 2017. Total loans grew by over $420 million, or 14% from the prior year.

2017 was a banner year for Centier Bank, with an 11% increase in total deposits, a 26% rise in mortgage loans, and a 13% increase in total assets. Last year, we also implemented a new Mortgage Warehouse Lending program that has expanded our offerings and made the bank a stronger, more diversely-invested entity.

The bank continued its strategic expansion in Northern Indiana, with new branches opening in Lafayette, Goshen, Granger, and South Bend Meijer. Centier also opened a much-anticipated branch in Downtown South Bend as the anchor tenant of the historic JMS Building, located at 108 N. Main Street. In 2018, Centier will continue to expand in Indiana with a long-awaited branch in Michigan City, a second branch on the north side of Elkhart, and a Fishers location.

The opening of these branches further solidifies Centier’s commitment to remaining a premier community bank and commercial real estate and residential leader in Indiana that remains “Not for Sale.” Since 2007, Centier Bank has been among the “Best Places to Work in Indiana” by the Indiana Chamber of Commerce and last year received national attention by American Banker publication, ranking #5 among the nation’s Best Banks to Work For between $3 billion and $10 billion in assets.

What makes Centier different and unique is that culture and values come first (Caring, Loyalty, Integrity, Friendship, and Fun). Our values define our Servant Heart Culture. They are the Heart of my Legacy. Our commitment to personalized service excellence and our family legacy are the foundation for our “Not for Sale” promise that Centier Bank will remain independently owned and operated by the Schrage Family for future generations to come.

Centier prides itself in giving every client a special experience.

Sincerely,

Mike Schrage Signature

Michael E. Schrage
President & Chairman of the Board

Annual Report

2017 Annual Report: Consolidated Balance Sheet/Consolidated Statement of Income — Download

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