Centric Bank

Headquarters

4320 Linglestown Rd
Harrisburg, PA 17112
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.10% 0.95% →
1-Year CD 0.23% 1.01% →
2-Year CD 0.35% 0.95% →
5-Year CD 0.90% 1.30% →
30-Year Mortgage N.A. 2.80% →
15-Year Mortgage N.A. 2.37% →
HELOC N.A. 2.79% →

2020 Overview

General Bank Information

Centric Bank is an FDIC insured institution located in Harrisburg, PA. It was founded in 1919 and has approximately $0.84 billion in assets. Customers can open an account at one of its 6 branches.

FDIC Insured Yes
FDIC Certificate # 7461
Date Established 1919
Assets $ 841.95 million
Loans $ 685.57 million
Deposits $ 660.84 million
Capital $ 92.87 million
 

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

Deposit Rates - October 29, 2020

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates APY MIN MAX
Savings
0.10% $2,500 $4,999 Learn More
Money Market
0.07% $25,000 $29,999 Learn More
CD Rates APY MIN MAX
3 Mo CD
0.23% $10,000 $14,999 Learn More
3 Mo CD
0.23% $100,000 $199,999 Learn More
6 Mo CD
0.23% $10,000 $14,999 Learn More
6 Mo CD
0.23% $100,000 $199,999 Learn More
12 Mo CD
0.23% $10,000 $14,999 Learn More
12 Mo CD
0.23% $100,000 $199,999 Learn More
18 Mo CD
0.35% $10,000 $14,999 Learn More
18 Mo CD
0.35% $100,000 $199,999 Learn More
24 Mo CD
0.35% $10,000 $14,999 Learn More
24 Mo CD
0.35% $100,000 $199,999 Learn More
30 Mo CD
0.50% $10,000 $14,999 Learn More
30 Mo CD
0.50% $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
0.60% $10,000 $14,999 Learn More
48 Mo CD
0.60% $100,000 $199,999 Learn More
60 Mo CD
0.90% $10,000 $14,999 Learn More
60 Mo CD
0.90% $100,000 $199,999 Learn More

Int Checking Rates APY MIN MAX
Int Ckg
0.03% $2,500 $3,499 Learn MoreShow Less

Loan Rates - October 29, 2020

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for Centric Bank

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




Featured - Virginia 30 Year Fixed Mortgage Rates 2020

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
1Rate, Inc
NMLS ID: 1948084
License#: MC-7051
2.444% 2.375% 0.88 $2,304 $972 Learn More
Rocket Mortgage
NMLS ID: 3030
3.746% 3.625% 1.00 $3,750 $1,141 Learn More
AimLoan.com
NMLS ID: 2890
License#: MC-3098
2.664% 2.625% 0.50 $1,285 $1,005 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
Bethpage Federal Credit Union
Bethpage Federal Credit Union
See Table
Intro APR
2.990 %
After Intro: 3.500 %
Intro Period: 12 months
$25,000 Learn More
More Info
Third Federal Savings and Loans
Third Federal Savings and Loans
See Table
2.240 %
$0 Learn More
More Info

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

Branches

Centric Bank 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:
Ashburn,Virginia


Centric Bank Locations


Financial Details

Centric Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Centric 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
Centric Bank U.S. Bank Average
8.4% 6.94%

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 March 31, 2020, Centric Bank had $8,572,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $92,871,000 in equity and $9,118,000 in loans loss reserves. That gives it a Texas Ratio of 8.4%.

Return on Equity
Centric Bank U.S. Bank Average
7.62% 7.80%

Centric Bank has a Return on Equity of 7.62% versus the BestCashCow average of 7.80%. 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
Centric Bank U.S. Bank Average
11.03% 12.68%

Centric Bank has a Capitalization of 11.03% versus the BestCashCow average of 12.68. 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.

Centric Bank Balance Sheet Analysis

As of March 31, 2020, Centric Bank had assets of $841,954,000, loans of $685,573,000, and deposits of $660,837,000. 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

March 31, 2020
ASSETS
Cash & Balances due from depository institutions $ 52.95 million
Interest-bearing balances $ 46.84 million
Total securities $ 32.50 million
Federal funds sold and reverse repurchase $ 36.67 million
Net loans and leases $ 685.57 million
Loan loss allowance $ 9.12 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles $ 1.78 million
All other assets $ 14.52 million
     Total Assets $ 749.08 million
LIABILITIES
Total deposits $ 660.84 million
      Interest-bearing deposits $ 634.70 million
      Deposits held in domestic offices $ 660.84 million
      % insured (estimated) 61.70%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 82.57 million
Subordinated debt N.A.
All other liabilities $ 5.68 million
      Total Liabilities $ 749.08 million
      Shareholders’ Equity $ 92.87 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 9.73 million
Total Interest Expense $ 2.36 million
Net interest income $ 7.37 million
Provision for loan and lease losses $ 0.83 million
Total non interest income $ 0.70 million
Total non interest expense $ 5.10 million
Pre-tax Net Operating Income $ 2.14 million

Bank Loan Profile?

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

Compared to other banks in Pennsylvania, Centric Bank has a significantly higher percent of Small Business Loans, Commercial Real Estate, Commercial and Industrial Loans 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.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 15.97
Multifamily
Mortgages
2.76
Credit Card Loans 0.00
Consumer Auto Loans 0.09
Small Business Loans 11.64
Construction and Development Loans 6.37
Commercial Real Estate 45.90
Commercial and Industrial Loans 28.11
Farm Loans 0.05

Frequently Asked Questions About Centric Bank

Branches and Savings

Is Centric Bank FDIC insured?

Yes. It is covered under FDIC Certificate #7461.

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

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

Why are Centric Bank CD rates not competitive?

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

Is Centric Bank a commercial bank?

Yes

Where are Centric Bank locations?

See branch locations nearby.

Is Centric Bank open on Saturdays?

Is Centric Bank open on Sundays?

What time does Centric Bank open?

What time does Centric Bank close?

Are Centric Bank ATMs Open 24/7?

Do Centric Bank ATMs accept cash deposits?

Can Centric Bank customers use other ATMs?

Do Centric Bank branches have notaries?

Will Centric Bank notarize my document?

What address for Centric Bank should I put for incoming ACH transfers?

Will the Centric Bank branch print checks?

Do Centric Bank checks expire?

Does Centric Bank require US citizenship to open account?

Can Centric Bank close my account?

Does Centric Bank Report to credit bureaus?

Does Centric Bank Use Equifax?

What is Centric Bank's ACH Routing Number?

What is Centric Bank's SWIFT code?

Products

Does Centric Bank offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does Centric Bank offer personal loans?

Compare personal loan rates here.

Does Centric Bank offer student loans?

Will Centric Bank cash a check?

Will Centric Bank redeem a savings bond?

Does Centric Bank cash savings bonds?

Will Centric Bank cash money orders?

Can Centric Bank issue a money order?

Does Centric Bank do currency exchange?

Background on The Bank

Who owns Centric Bank?

How long has Centric Bank been around?

Can Centric Bank transfer to other banks?

Does Centric Bank have quick pay?

Does Centric Bank accept rolled coins?

Will Centric Bank accept loose change?

Where is Centric Bank headquarters?

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