Letter from the President
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 2016 with reported earnings over $35.9 million and a return on average assets (ROAA) of 1.09% for the year ending December 31, 2016. Total loans grew by over $315 million, or 12% from the prior year. Centier Bank achieved two significant milestones in 2016 when the bank surpassed $3.5 billion in total assets and $3.0 billion in total deposits.
Commercial Loans grew by over 8% and surpassed the $2 billion mark, with mortgage loan closings at over $367 million, a new high for the institution, an increase of $85 million over 2015.
We have experienced phenomenal growth over the past few years, particularly in our Northern and Central Indiana communities. We’ve been welcomed by families and businesses who are starved for independent community banking and personalized services that are unique to Centier.
In 2016, we added four new locations, Westfield, Zionsville, Whitestown Meijer, and Schererville Strack & Van Til, with more planned for 2017. In addition to retail grand openings, Centier Bank’s office expansion included the relocation of its Fort Wayne Banking Center into a larger, more prominent building at the corner of E. DuPont and Auburn Road, and additional expansion of Centier Bank corporate offices in the adjacent building near its campus headquarters in Merrillville, Indiana.
Culture and values come first at Centier (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.
Michael E. Schrage
President & Chairman of the Board