This institution is no longer active

Operations ceased on November 14, 1996. CRA examination history below reflects the period it was active.

CENTERBANK

WATERBURY, CT · Supervised by FDIC

Est. 1850FDIC #18,262RSSD: FDIC-18262

Part ofCENTER FINANCIAL CORP→ View all charters

Outstanding Up

Current rating · Exam: May 1995

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At a Glance

Community Lending (CRA)

Outstanding

Exceeds federal requirements for lending in low- and moderate-income communities

Financial Health

Adequate

ROA 0.69%

Is this bank safe?

CENTERBANK earned an Outstanding CRA rating (1995), meets basic financial requirements (ROA +0.69%).

Institution Profile

FDIC BankFind

Address

60 North Main Street, WATERBURY, CT

County

New Haven County

Established

January 8, 1850

Total Assets

$4.0B(latest call report)

Community Reinvestment Rating

CRA / FFIEC

Federal regulators examine banks to ensure they lend and invest in the communities they serve, especially low- and moderate-income areas.

Overall Rating

Outstanding

Exceeds federal requirements for lending in low- and moderate-income communities

Exam Date

May 1, 1995

Exam Type

Not Reported

Regulator

FDIC

What is a CRA rating? →

⚠️This exam is 31 years old — CRA data may not reflect current lending practices. Regulators typically re-examine banks every 2–4 years.

Estimated next exam:Overdue(based on asset size)

Financial Snapshot

As of Q3 1996Call Report / FDIC

Total Assets

$4.0B

Total Deposits

$2.6B

Net Loans

$3.1B

Net Income

$20M

ROA

0.69%

Below avg for Community banks. Peer avg: 0.90%

ROE

11.49%

Risk-Based Capital

11.31%

Below avg for Community banks. Regulatory min: 8%

Total Assets — Last 8 Quarters

Total AssetsROA

Peer Comparison

Community banks

Compared to the peer-bank Community peer group (same asset tier).

ROA0.69%Peer avg: 0.90%▼ Below avg

Risk-Based Capital11.31%Peer avg: 12.91%▼ Below avg

Mortgage Denial Rate3.13%Peer avg: 10.20%▼ Fewer than avg

Unlock peer list → See which specific banks are in this peer group.

Mortgage Lending

CFPB HMDA

Year	Applications	Orig. Rate	Denial Rate
2023	160	83.13%	3.13%
2022	223	81.61%	5.83%
2021	442	86.43%	4.75%

Denial rate = denials ÷ total applications. 2024 national avg: 23.75% · Community bank avg: 10.20% · above-average shown in red

Rating History

CRA / FFIEC

Exam Date	Rating	Exam Type
May 1995	Outstanding	Not Reported
Sep 1992	Satisfactory	Not Reported
Dec 1990	Satisfactory	Not Reported

Rating Over Time

🔒 Locked

OutstandingSatisfactoryNeeds to ImproveSubst. Noncompliance

Exam dates and details are paywalled

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