CentreBank

Headquarters

126-128 North Main Street
Veedersburg, IN 47987
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.05% 0.65% →
1-Year CD 0.20% 0.70% →
2-Year CD 0.40% 0.75% →
5-Year CD 1.00% 1.15% →
30-Year Mortgage N.A. 2.72% →
15-Year Mortgage N.A. 2.36% →
HELOC N.A. 2.79% →

2021 Overview

General Bank Information

CentreBank is an FDIC insured institution located in Veedersburg, IN. It was founded in 1917 and has approximately $0.1 billion in assets. Customers can open an account at one of its 5 branches.

FDIC Insured Yes
FDIC Certificate # 15532
Date Established 1917
Assets $ 95.54 million
Loans $ 54.33 million
Deposits $ 83.53 million
Capital $ 11.58 million
 

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

Deposit Rates - June 13, 2021

Your Current Location: Connecticut, CT 06828

Savings and Money Market Rates APY MIN MAX
Savings
0.05% $2,500 $4,999 Learn More
Money Market
0.10% $2,500 $2,999 Learn More
Money Market
0.15% $10,000 $14,999 Learn More
Money Market
0.30% $25,000 $29,999 Learn More
CD Rates APY MIN MAX
6 Mo CD
0.10% $10,000 $14,999 Learn More
6 Mo CD
0.10% $100,000 $199,999 Learn More
12 Mo CD
0.20% $10,000 $14,999 Learn More
12 Mo CD
0.20% $100,000 $199,999 Learn More
18 Mo CD
0.25% $10,000 $14,999 Learn More
18 Mo CD
0.25% $100,000 $199,999 Learn More
24 Mo CD
0.40% $10,000 $14,999 Learn More
24 Mo CD
0.40% $100,000 $199,999 Learn More
30 Mo CD
0.45% $10,000 $14,999 Learn More
30 Mo CD
0.45% $100,000 $199,999 Learn More
36 Mo CD
0.50% $10,000 $14,999 Learn More
36 Mo CD
0.50% $100,000 $199,999 Learn More
48 Mo CD
0.70% $10,000 $14,999 Learn More
48 Mo CD
0.70% $100,000 $199,999 Learn More
60 Mo CD
1.00% $10,000 $14,999 Learn More
60 Mo CD
1.00% $100,000 $199,999 Learn More

Int Checking Rates APY MIN MAX
Int Ckg
0.05% $2,500 $3,499 Learn MoreShow Less
 

Loan Rates - June 13, 2021

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for CentreBank

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:




Featured - Connecticut 30 Year Fixed Mortgage Rates 2021

Lender APR Rate (%) Monthly
Payment
Learn More
Rocket Mortgage
NMLS ID: 3030
3.339% 3.250%
0.63 points
$2,812 fees
$1,089 Learn More
Morty, Inc.
NMLS ID: 1429243
2.472% 2.375%
0.88 points
$3,215 fees
$972 Learn More
AimLoan.com
NMLS ID: 2890
License#: 13256
2.652% 2.625%
0.38 points
$898 fees
$1,005 Learn More
CIT Bank
NMLS ID: 541760
2.945% 2.875%
0.88 points
$2,268 fees
$1,038 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2021

Lender APR (%)? Monthly Payment? Learn More
BMO Harris Bank
BMO Harris Bank
See Table
Intro APR 1.990 %
After Intro: 4.840 %
Intro Period: 12 months
$0 Learn More
More Info
Bethpage Federal Credit Union
Bethpage Federal Credit Union
See Table
Intro APR 2.990 %
After Intro: 3.750 %
Intro Period: 12 months
$25,000 Learn More
More Info
Third Federal Savings and Loan
Third Federal Savings and Loan
See Table
2.240 %
$0 Learn More
More Info

Note to CentreBank
To upload and update your bank's rates please register. It is free to register and add rates.

Branches

CentreBank branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Fairfield,Connecticut


CentreBank Locations


Financial Details

CentreBank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of CentreBank. 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
CentreBank U.S. Bank Average
5.77% 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, CentreBank had $651,000 in non-current loans and $78,000 in owned real estate. To cover these potential losses it had $11,579,000 in equity and $1,051,000 in loans loss reserves. That gives it a Texas Ratio of 5.77%.

Return on Equity
CentreBank U.S. Bank Average
11.7% 9.24%

CentreBank has a Return on Equity of 11.7% 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.

Capitalization
CentreBank U.S. Bank Average
12.12% 11.96%

CentreBank has a Capitalization of 12.12% 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.

CentreBank Balance Sheet Analysis

As of December 31, 2020, CentreBank had assets of $95,541,000, loans of $54,326,000, and deposits of $83,532,000. 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
ASSETS
Cash & Balances due from depository institutions $ 37.70 million
Interest-bearing balances $ 35.38 million
Total securities $ 0.23 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 54.33 million
Loan loss allowance $ 1.05 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.08 million
Goodwill and other intangibles $ 0.25 million
All other assets $ 2.12 million
     Total Assets $ 83.96 million
LIABILITIES
Total deposits $ 83.53 million
      Interest-bearing deposits $ 59.63 million
      Deposits held in domestic offices $ 83.53 million
      % insured (estimated) 78.62%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 0.43 million
      Total Liabilities $ 83.96 million
      Shareholders’ Equity $ 11.58 million

Summary Income Statement

December 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 3.62 million
Total Interest Expense $ 0.36 million
Net interest income $ 3.26 million
Provision for loan and lease losses N.A.
Total non interest income $ 1.44 million
Total non interest expense $ 2.98 million
Pre-tax Net Operating Income $ 1.71 million

Bank Loan Profile?

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

Compared to other banks, CentreBank’s loan portfolio does not show any specific loan specialty.

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.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 31.47
Multifamily
Mortgages
1.43
Credit Card Loans 0.00
Consumer Auto Loans 1.73
Small Business Loans 13.40
Construction and Development Loans 5.12
Commercial Real Estate 20.05
Commercial and Industrial Loans 19.11
Farm Loans 0.86

Frequently Asked Questions About Centrebank

Branches and Savings

Is Centrebank FDIC insured?

Yes. It is covered under FDIC Certificate #15532.

Why does Centrebank pay such low interest on savings accounts?

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

Why are Centrebank CD rates not competitive?

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

Is Centrebank a commercial bank?

Yes

Where are Centrebank locations?

See branch locations nearby.

Is Centrebank open on Saturdays?

Is Centrebank open on Sundays?

What time does Centrebank open?

What time does Centrebank close?

Are Centrebank ATMs Open 24/7?

Do Centrebank ATMs accept cash deposits?

Can Centrebank customers use other ATMs?

Do Centrebank branches have notaries?

Will Centrebank notarize my document?

What address for Centrebank should I put for incoming ACH transfers?

Will the Centrebank branch print checks?

Do Centrebank checks expire?

Does Centrebank require US citizenship to open account?

Can Centrebank close my account?

Does Centrebank Report to credit bureaus?

Does Centrebank Use Equifax?

What is Centrebank's ACH Routing Number?

What is Centrebank's SWIFT code?

Products

Does Centrebank offer mortgages?

Compare mortgage rates here.

Does Centrebank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Centrebank offer personal loans?

Compare personal loan rates here.

Does Centrebank offer student loans?

Will Centrebank cash a check?

Will Centrebank redeem a savings bond?

Does Centrebank cash savings bonds?

Will Centrebank cash money orders?

Can Centrebank issue a money order?

Does Centrebank do currency exchange?

Background on The Bank

Who owns Centrebank?

How long has Centrebank been around?

Can Centrebank transfer to other banks?

Does Centrebank have quick pay?

Does Centrebank accept rolled coins?

Will Centrebank accept loose change?

Where is Centrebank headquarters?

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