BELOIT (WIFR) -- On April 26, 2013, the Annual Meeting of shareholders of Centre 1 Bancorp, Inc. the holding company for First National Bank and Trust Company, was held in Beloit, Wisconsin. The meeting was the 31st for the holding company and the 131st for the family-owned bank, chartered in 1882. Steven M. Eldred, Chairman and CEO, reported earnings goals were exceeded and net income was up 20% over 2011, exceeding historical levels. Driving this success was another year of strong residential mortgage loans and a net increase in the overall loan portfolio by 8%. The bank’s total risk based capital ratio continued to climb to 14.60%, significantly exceeding the well-capitalized designation. The full annual report can be obtained at www.bankatfirstnational.com/about-fnbt
Centre 1 Bancorp, Inc. is the holding company of First National Bank and Trust Company. First National Bank and Trust Company is a diversified financial services corporation headquartered in Beloit, Wisconsin. Chartered in 1882, First National Bank and Trust Company now serves more than 28,000 households in nine communities and thirteen locations in Southern Wisconsin and Northern Illinois. Commitment to full service banking, investments, asset management and providing sound advice to its customers and communities has positioned First National Bank and Trust Company as a Stateline leader in the industry.