Centrue Financial Corp. (TRUE, Financial) filed Quarterly Report for the period ended 2011-09-30.
Centrue Financial Corp. has a market cap of $2.42 million; its shares were traded at around $0 with and P/S ratio of 0.04.
Net income results for the third quarter of 2011, when compared to the same period of 2010, was negatively impacted by higher provision and lower mortgage banking revenue offset by improved net interest margin due to a lower cost of funds and lower expense levels.
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Centrue Financial Corp. has a market cap of $2.42 million; its shares were traded at around $0 with and P/S ratio of 0.04.
Highlight of Business Operations:
The following management discussion and analysis (“MD&A”) is intended to address the significant factors affecting the Company s results of operations and financial condition for the three and nine months ended September 30, 2011 as compared to the same period in 2010. In the opinion of management, all normal and recurring adjustments which are necessary to fairly present the results for the interim periods presented have been included. The preparation of financial statements requires management to make estimates and assumptions that affect the recorded amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reported period. When we use the terms “Centrue,” the “Company,” “we,” “us,” and “our,” we mean Centrue Financial Corporation, a Delaware corporation, and its consolidated subsidiaries. When we use the term the “Bank,” we are referring to our wholly owned banking subsidiary, Centrue Bank.Net income results for the third quarter of 2011, when compared to the same period of 2010, was negatively impacted by higher provision and lower mortgage banking revenue offset by improved net interest margin due to a lower cost of funds and lower expense levels.
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