Centier Bank


1500 - 119th Street
Whiting, IN 46394
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.05% 0.65% →
1-Year CD 0.25% 0.70% →
2-Year CD 0.50% 0.75% →
5-Year CD 1.25% 1.15% →
30-Year Mortgage 3.83% 2.72% →
15-Year Mortgage 3.14% 2.36% →
HELOC N.A. 2.79% →

2021 Overview

General Bank Information

Centier Bank is an FDIC insured institution located in Whiting, IN. It was founded in 1895 and has approximately $5.68 billion in assets. Customers can open an account at one of its 62 branches.

FDIC Insured Yes
FDIC Certificate # 12854
Date Established 1895
Assets $ 5.68 billion
Loans $ 4.69 billion
Deposits $ 4.66 billion
Capital $ 550.65 million

For a more detailed analysis of Centier Bank's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Deposit Rates - June 22, 2021

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates APY MIN MAX
0.05% $100 - Learn More
Money Market
0.01% $1 $9,999 Learn More
Money Market
0.02% $10,000 $24,999 Learn More
Money Market
0.03% $25,000 $49,999 Learn More
6 Mo CD
0.10% $1,000 $99,999 Learn More
12 Mo CD
0.25% $1,000 $99,999 Learn More
18 Mo CD
0.30% $1,000 $99,999 Learn More
24 Mo CD
0.50% $1,000 - Learn More
36 Mo CD
0.75% $1,000 - Learn More
48 Mo CD
1.01% $1,000 - Learn More
60 Mo CD
1.25% $1,000 - Learn More

Variable IRA Rates APY MIN MAX
0.05% $1 $9,999 Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.01% $1 - Learn MoreShow Less

Loan Rates - June 22, 2021

Your Current Location: Virginia, VA 20146

Refinance Mortgage Rates APR Rate Monthly Payment
Purchase Mortgage Rates APR Rate Monthly Payment

Monthly payments for mortgage products are based on a loan amount of $200,000. Home equity monthly payments are based on a loan amount of $50,000. Auto loan monthly payments are based on a loan amount of $25,000. Rates for each product are based on a variety of factors including credit score and loan amount. For specific requirements please check with the lender. Rates may change at any time.


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Centier Bank Locations

Financial Details

Centier Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Centier Bank. The data is provided by the FDIC. All banks listed on BestCashCow.com are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
Centier Bank U.S. Bank Average
2.58% 5.49%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.

As of December 31, 2020, Centier Bank had $3,468,000 in non-current loans and $12,467,000 in owned real estate. To cover these potential losses it had $550,650,000 in equity and $67,690,000 in loans loss reserves. That gives it a Texas Ratio of 2.58%.

Return on Equity
Centier Bank U.S. Bank Average
13.86% 9.24%

Centier Bank has a Return on Equity of 13.86% versus the BestCashCow average of 9.24%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.

Centier Bank U.S. Bank Average
9.69% 11.96%

Centier Bank has a Capitalization of 9.69% versus the BestCashCow average of 11.96. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.

Centier Bank Balance Sheet Analysis

As of December 31, 2020, Centier Bank had assets of $5,684,149,000, loans of $4,688,162,000, and deposits of $4,660,393,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.

Summary Balance Sheet

December 31, 2020
Cash & Balances due from depository institutions $ 167.29 million
Interest-bearing balances $ 115.58 million
Total securities $ 580.04 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 4.69 billion
Loan loss allowance $ 67.69 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 12.47 million
Goodwill and other intangibles $ 5.88 million
All other assets $ 195.65 million
     Total Assets $ 5.13 billion
Total deposits $ 4.66 billion
      Interest-bearing deposits $ 3.19 billion
      Deposits held in domestic offices $ 4.66 billion
      % insured (estimated) 62.05%
Federal funds purchased and repurchase agreements $ 90.00 million
Trading liabilities N.A.
Other borrowed funds $ 260.00 million
Subordinated debt N.A.
All other liabilities $ 123.11 million
      Total Liabilities $ 5.13 billion
      Shareholders’ Equity $ 550.65 million

Summary Income Statement

December 31, 2020
Total Interest Income $ 181.53 million
Total Interest Expense $ 16.74 million
Net interest income $ 164.79 million
Provision for loan and lease losses $ 27.52 million
Total non interest income $ 71.10 million
Total non interest expense $ 113.88 million
Pre-tax Net Operating Income $ 94.49 million

Bank Loan Profile?

The top three loan types in Centier Bank’s loan portfolio are Commercial Real Estate, 1-4 Family Residential Loans, and Commercial and Industrial Loans.

Compared to other banks in Indiana, Centier Bank has a significantly higher percent of Multifamily Mortgages, Commercial Real Estate on its balance sheet, potentially indicating a specialty in that lending area.

Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.

Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 14.21
Credit Card Loans 0.00
Consumer Auto Loans 0.10
Small Business Loans 3.87
Construction and Development Loans 7.16
Commercial Real Estate 35.35
Commercial and Industrial Loans 10.07
Farm Loans 0.00

Frequently Asked Questions About Centier Bank

Branches and Savings

Is Centier Bank FDIC insured?

Yes. It is covered under FDIC Certificate #12854.

Why does Centier Bank pay such low interest on savings accounts?

See the best online savings rates here. See the best local savings rates here.

Why are Centier Bank CD rates not competitive?

See the best online CD rates here. See the best local CD rates here.

Is Centier Bank a commercial bank?


Where are Centier Bank locations?

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Is Centier Bank open on Saturdays?

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Do Centier Bank checks expire?

Does Centier Bank require US citizenship to open account?

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Does Centier Bank offer mortgages?

Compare mortgage rates here.

Does Centier Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Centier Bank offer personal loans?

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Does Centier Bank offer student loans?

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Background on The Bank

Who owns Centier Bank?

How long has Centier Bank been around?

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