# CENTERBANK
MILFORD, OH · FDIC certificate 35117 · asset band $300M-1B · latest filing 2025-03 · stopped filing (departed)

**Verdict on the desk:** this could be *funding-stretched*. Composite score 2 (one point per flag, capital below 5% counted twice; 7 or more is where departures cluster).

## What the filing shows (filed dollars, derived ratios; band percentiles in parentheses)

| Measure | Value | Band median |
|---|---|---|
| Total assets | $341.3M | |
| Deposits | $280.4M | |
| Loans and leases | $306.3M | |
| Total equity | $36.8M | |
| Loans / deposits | 107.89% (p96 of band) | 80.20% |
| Liquid assets / assets | 8.06% (p2 of band) | |
| Uninsured deposits / deposits | 37.08% (p83 of band) | 25.15% |
| Brokered deposits | 3.21% | |
| Wholesale funding | 9.51% (p73 of band) | |
| FHLB advances / assets | 6.30% | |
| Tier 1 leverage | 11.58% (p68 of band) | 10.44% |
| Unrealized securities loss / equity | -9.79% (p59 of band) | -13.25% |
| AOCI / equity | 0.28% (p20 of band) | |
| ROA (annualized) | 0.93% (p44 of band) | 1.02% |
| Net interest margin | 3.63% (p55 of band) | 3.54% |
| Efficiency ratio | 65.89% (p51 of band) | |
| Noncurrent loans | 0.52% (p60 of band) | 0.34% |
| Net charge-offs (annualized) | 0.00% (p36 of band) | |
| Reserve coverage of noncurrent | 238.40% | |
| Real estate % of loans | 79% | |
| Construction % of loans | 97.71% (p82 of band) | |
| Auto loans | $354,000 (0.12% of loans; DQ 0.00%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p45 of band) | |
| Deposits YoY | 11.5% | |
| Employees | 38 | |

## Flags firing in the latest filing

- **loans exceed deposits** (`liq_ltd`)
- **liquid assets <10%** (`liq_thin`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 1 | construction >100% equity |  |
| 2011-06 | 0 |  | construction >100% equity |
| 2011-09 | 0 |  |  |
| 2011-12 | 0 |  |  |
| 2012-03 | 1 | construction >100% equity |  |
| 2012-06 | 1 |  |  |
| 2012-09 | 1 |  |  |
| 2012-12 | 2 | reserve under noncurrent |  |
| 2013-03 | 1 |  | reserve under noncurrent |
| 2013-06 | 3 | loans exceed deposits, deposits shrinking |  |
| 2013-09 | 2 |  | deposits shrinking |
| 2013-12 | 1 |  | loans exceed deposits |
| 2014-03 | 2 | reserve under noncurrent |  |
| 2014-06 | 2 |  |  |
| 2014-09 | 2 |  |  |
| 2014-12 | 4 | loans exceed deposits, liquid assets <10%, charge-offs p90 | reserve under noncurrent |
| 2015-03 | 2 |  | loans exceed deposits, charge-offs p90 |
| 2015-06 | 3 | loans exceed deposits |  |
| 2015-09 | 3 |  |  |
| 2015-12 | 2 | capital falling | liquid assets <10%, loans exceed deposits |
| 2016-03 | 3 | liquid assets <10%, charge-offs p90 | capital falling |
| 2016-06 | 2 |  | charge-offs p90 |
| 2016-09 | 2 |  |  |
| 2016-12 | 3 | loans exceed deposits |  |
| 2017-03 | 1 |  | liquid assets <10%, loans exceed deposits |
| 2017-06 | 3 | loans exceed deposits, liquid assets <10% |  |
| 2017-09 | 2 |  | loans exceed deposits |
| 2017-12 | 3 | loans exceed deposits |  |
| 2018-03 | 3 |  |  |
| 2018-06 | 3 |  |  |
| 2018-09 | 2 |  | loans exceed deposits |
| 2018-12 | 1 |  | liquid assets <10% |
| 2019-03 | 3 | loans exceed deposits, liquid assets <10% |  |
| 2019-06 | 5 | wholesale funding >15%, uninsured deposits leaving |  |
| 2019-09 | 4 | capital falling | wholesale funding >15%, uninsured deposits leaving |
| 2019-12 | 4 |  |  |
| 2020-03 | 3 |  | capital falling |
| 2020-06 | 4 | wholesale funding >15%, charge-offs p90 | liquid assets <10% |
| 2020-09 | 4 |  |  |
| 2020-12 | 3 |  | wholesale funding >15% |
| 2021-03 | 2 |  | charge-offs p90 |
| 2021-06 | 1 |  | loans exceed deposits |
| 2021-09 | 1 | assets shrinking | construction >100% equity |
| 2021-12 | 2 | loans exceed deposits, construction >100% equity | assets shrinking |
| 2022-03 | 3 | assets shrinking |  |
| 2022-06 | 3 |  |  |
| 2022-09 | 1 |  | construction >100% equity, assets shrinking |
| 2022-12 | 3 | wholesale funding >15%, construction >100% equity |  |
| 2023-03 | 3 |  |  |
| 2023-06 | 3 |  |  |
| 2023-09 | 5 | brokered >10%, liquid assets <10% |  |
| 2023-12 | 4 | capital falling | construction >100% equity, liquid assets <10% |
| 2024-03 | 6 | liquid assets <10%, construction >100% equity |  |
| 2024-06 | 5 |  | brokered >10% |
| 2024-09 | 3 |  | wholesale funding >15%, liquid assets <10% |
| 2024-12 | 2 | liquid assets <10% | capital falling, construction >100% equity |
| 2025-03 | 2 |  |  |

## In the news (Google News, unfiltered, newest first; check the city)

- 2025-06-09 [First Commonwealth Bank Completes Acquisition and Rebranding of CenterBank, Expanding Cincinnati Presence - Quiver Quantitative](https://news.google.com/rss/articles/CBMi1wFBVV95cUxORGRLekhCRXJ3XzR4Si1Pc3VtMzdIQTVyUi1wR2JBMlVRSDhDQVNOZkZTcGRvc1Z0UjVTTWc3VFVYUFhCZnZqRjFVZjZ6MW51OTNNVFhmZWxOaFVuSHQyLU5Nb0Y2UXhPQkJNd2dHUFRIWDNvcmNzblpJZ2xPbTRJYy1LWEdwUEtRRDJwVHlUWHBkV25mR2ZrSEQ3azEtQXppcU8yM2xneFFxd2NKZlpBUjBreXoxSVBTcDhsOFRRc2hGNjk2dzdQWHdPTGpTc1pRTUFCTGZzVQ?oc=5) · Quiver Quantitative
- 2024-12-19 [Publicly traded Pennsylvania bank acquires Cincinnati-based CenterBank for $54.6M - The Business Journals](https://news.google.com/rss/articles/CBMinwFBVV95cUxQTFU0emhjdWMwSGhwdzROTEFfcmhFVHl6Q1lPeXI1X3BRV09iQ29NX2U0dkdXQl9CVFJuWTEycnlTUUZPUEVNRXA2QjUza3JybGFwTzZkejBuaUwtS2VSSTRzczZaS1NQbDVSNlROemM0VmpRcFdod2ZORmZqak1ZeUpRUHA2aW9NOFVkNmpYZGM1VGxBSkJ2SHl3a0RXb2c?oc=5) · The Business Journals
- 2025-06-11 [First Commonwealth Bank completes rebranding of CenterBank - Pennsylvania Business Report -](https://news.google.com/rss/articles/CBMinAFBVV95cUxNb3E5ZU0zbHdNZVlmWmFFWDg5bkRKSm52UThZX0Nzc0V1VE41RC1KbWFiUDJSUzRkN3hUTjNQNmFxTjVLaXJ6cnJxZzlQREZzZzA5eFpfQmpiT2ZmTGg4LUQtWkJTQW8yWjEtMVFSWTNwRGVMR0dfNm0yQ2EyZjVEc1hyYXliSEdCb0dxY21iYVlyTU9vdXI4RDFqSGY?oc=5) · Pennsylvania Business Report -
- 2025-12-09 [Republic Bank names Robert Etherington senior VP, market manager for three counties - Northern Kentucky Tribune](https://news.google.com/rss/articles/CBMitAFBVV95cUxOSXlKNVFqalRQLXQ5TUlFSFZuY3BBNERXRzZSUmtoaU4yWXlXNU1LWmVyckpkcHlUQmhHSFU0NnItc282SVRKRDZoNnk1eDdvaXY2UHBwenl3WkxadW9pbnV6T0s0T3luSlVldnIyTVZPbUFlc0piX043Q0JjTE9KOHhzSDZrUUhRLWRBN0hLU185aVNVRVJaUjFSWGd2NWtBaGhEZEk3cTVhODF2OXYtSkpkU3o?oc=5) · Northern Kentucky Tribune
- 2025-05-01 [First Commonwealth completes acquisition of Ohio-based CenterBank - Pittsburgh Business Times - The Business Journals](https://news.google.com/rss/articles/CBMirwFBVV95cUxOMnpPZmhycTJmTFdKQm1Tem51NkJYV2hmMzRvQmdHNEtKVDlvLW1qMXlCa09Ed3JGSTZLazQ5am0za2k0LXBaeGtuczRMcDNwUFludVcyUjNMZHgzX0t2dUwtTnRtb1RTSW83REZkVXk4WXhzLUNqYTBDN2hNaVVsNEZaZFhPZDQxODN0V0NIa3JFVHphMjR4TEdnSWgzSGN1cGNLN2xLeXZBazlDT3FN?oc=5) · The Business Journals
- 2025-07-01 [First Commonwealth Bank strengthens presence in Cincinnati market with CenterBank acquisition - The Business Journals](https://news.google.com/rss/articles/CBMipwFBVV95cUxNb2NtTm5IWF9qeWFQby15RXBsTDhFVnRhdjZPU09lZTdzTFRNcHBRWERVdU5ocFE5djNlTDNqalNmZzVyZE1MNmhuM0JxbjF6clNBWnNndnM0QklVNTRtTXdLekdKbjh5N2IzYXBBa1FKT29YOUlDbVFOZnM1Vk9pUGx2OHNZZE52bTBTMVNwTU1yNTk1ajlleVFDYlQtLWNPT3lxZXdWUQ?oc=5) · The Business Journals
- 2022-03-28 [One of nation’s top-rated banks adding Montgomery office - The Business Journals](https://news.google.com/rss/articles/CBMikgFBVV95cUxNenpMeUV1ZFlpVk0tZjNULUh3YlphdVpVQXdCS052bTRjXzUxcDkwUk1zcXJhNk1IZGZELVFVeTA0UXUwel9BaDB6bGZPcXlLalBjd0t0bGlGSXZLRDZPaTF1WXVjVng3MkJDTTl5LW9wSWZGLTBZWGdGZ0NVOTJ6VThYa3gzbHV6aGhoemh4bDg1UQ?oc=5) · The Business Journals
- 2025-01-21 [First Commonwealth local market chief talks about key Cincinnati acquisition - The Business Journals](https://news.google.com/rss/articles/CBMiqwFBVV95cUxOSTlXT3M4OXJEblRvUEQ3THBMTkpLa212Tkx5ck9tdlhWQllnNlphZ25MYWx3ek81T2psb2NBU3BldFM1aDJqWTZjeEN4emY0WVFqanZjOF9UcGY2dDdzd1laTUotOUxQazdBeUhXR3dBb3gycTJZLWloaldfMkxvN3VnTVFFNVRFTUh2bzN6WjNJMVRDeC1VY3JVMEp5Nl9wazkyZGt2RU92STg?oc=5) · The Business Journals

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=35117 (click any number for its formula and FFIEC field codes)
- Latest row, JSON: https://getbookiq.com/bank-desk/data/summary.json · history: https://getbookiq.com/bank-desk/data/h/45.json (key "35117", columns cycle, ASSET, DEP, LNLSGR, EQTOT, ltd, liquid_pct, unins_pct, lev, aoci_pct_eq, sec_loss_eq, roa, nim, eff, nc_pct, nco_pct, LNAUTO, auto_dq, auto_nco, LNNDEPD, ndfi_eq, wholesale_pct, dep_yoy, score, flags)
- Field definitions: https://getbookiq.com/dictionary/#bank-LNNDEPD and the rest of the bank dictionary
- Source: FDIC call report via BankFind, dollars in thousands as filed. Departed means stopped filing, which is usually a merger; FAILED is the FDIC's own list.

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Rendered 2026-09-10 from the desks' own data files. Full guide: https://getbookiq.com/guide