Centric Financial Corporation Announces Record 4th Quarter Earnings
HARRISBURG (February 7, 2012) – Centric Financial Corporation, the parent company of Centric Bank, reported fourth quarter earnings of $352,000, an increase of 40.3% over the same period in 2010. Year to date earnings totaled $1,405,000 as compared to $851,000 for the same period in 2010, or an increase of 65.1%.
Total loans at December 31, 2011, amounted to $180,492,000 an increase of $32.3 million or 21.8% from December 31, 2010. Deposits also reflected an increase of $49.1 million or 28.2% from the comparative period of December 31, 2010. Total deposits at December 31, 2011 amounted to $223,587,000.
Total Assets at December 31, 2011 were $253,599,000, an increase of $53.1 million or 26.5%.
The Bank has financial centers located in Harrisburg, Lower Paxton Township, Camp Hill Borough, and Mechanicsburg, Silver Spring Township. A new financial center is planned for Derry Township in early 2013.
For more information about Centric Bank, please call 717.657.7727 or visit their website at www.centricbank.com
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