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Centre 1 Bancorp, Inc. Reports Earnings for 2019

Release date: 5/15/2020

Beloit, WI – On May 15, 2020, the Annual Meeting of shareholders of Centre 1 Bancorp, Inc., the holding company for First National Bank and Trust Company (FNBT), was held in Beloit, Wisconsin. The meeting was the 38th for the holding company and the 138th for the family-focused bank, chartered in 1882.

Steven M. Eldred, Executive Chairman, and David N. McCoy, President and CEO, reported net income of $9 million and improved dividends per share to $2.50. The loan portfolio grew by $26 million and deposits increased by $10 million over 2018. The bank’s total risk-based capital ratio of 14.06% continues to exceed well-capitalized regulatory requirements. "Our loan growth was achieved with the same conservative credit standards that have served the bank well for more than a century," said Eldred. "Loan product expansion in residential lending, a refreshed focus on small business customers, and additions to our commercial and mortgage lending staff helped drive our results."

In 2018, a refreshed mission and vision was approved by the board of directors; to treat customers, employees, shareholders and communities like family by delivering an exceptional experience, with a goal to help all families succeed. “Our continued focus on family and family businesses defines who we are as a bank, and what we do best,” said McCoy. “We understand family businesses because we are one. At First National, we work hard every day to exceed expectations and treat our customers, employees, communities and shareholders like family.” 

The full 2019 annual report can be obtained at

Centre 1 Bancorp, Inc. is the holding company of First National Bank and Trust Company.  First National Bank and Trust Company is a family-focused, community bank headquartered in Beloit, Wisconsin. Chartered in 1882, First National Bank and Trust Company now serves more than 30,000 households in 13 communities and 16 locations in Southern Wisconsin and Northern Illinois with assets of approximately $1.2 billion. Commitment to full service banking, investments, wealth management, mortgage lending, exceptional service, and Sound Advice has positioned First National Bank and Trust Company as a Stateline leader in the industry. For additional information, visit