##### Table of Contents





UNITED STATES
    SECURITIES AND EXCHANGE COMMISSIONWashington, D.C. 20549
  FORM 10-K
  þ

ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
    SECURITIES EXCHANGE ACT OF 1934For the fiscal year ended December 31,
    2009ORo

TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
    SECURITIES EXCHANGE ACT OF 1934For the transition period
    from          to   Commission file number:
    000-49699
  Centra Financial Holdings,
    Inc.
 (Exact name of registrant as
    specified in its charter)
  West Virginia(State or other jurisdiction
    of
    incorporation or organization)

55-0770610(I.R.S. Employer
    Identification No.)990 Elmer Prince Drive, Morgantown, WV(Address of principal executive
    offices)

26505(Zip Code)   (Registrants
    telephone number, including area code)
    (304) 598-2000
    Title of Each Class

Name of Each Exchange on Which Registered[Common Stock, $1 par value per share]

None     o þ
  o þ
  þ o
  Regulation S-T o o
  Regulation S-K Form 10-K Form 10-K. o
  Rule 12b-2 o þ
  Rule 12b-2
  Large
    accelerated
    filer o
    Accelerated
    filer o
    Non-accelerated
    filer þ
    Smaller
    reporting
    company o       DOCUMENTS
    INCORPORATED BY REFERENCE




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##### 





TABLE
    OF CONTENTS
   
 PagePART IItem 1.

Business


3Item 1A.

Risk Factors


11Item 1B.

Unresolved Staff Comments


13Item 2.

Properties


14Item 3.

Legal Proceedings


14Item 4.

(Removed and Reserved)


14PART IIItem 5.

Market for Registrants Common Equity,
    Related Stockholder Matters and Issuer Purchases of Equity
    Securities


14Item 6.

Selected Financial Data


17Item 7.

Managements Discussion and Analysis of
    Financial Condition and Results of Operations


18Item 7A.

Quantitative and Qualitative Disclosures about
    Market Risk


40Item 8.

Financial Statements and Supplementary Data


40Item 9.

Changes in and Disagreements with Accountants on
    Accounting and Financial Disclosure


40Item 9A.

Controls and Procedures


40Item 9B.

Other Information


40PART IIIItem 10.

Directors, Executive Officers and Corporate
    Governance


75Item 11.

Executive Compensation


75Item 12.

Security Ownership of Certain Beneficial Owners
    and Management and Related Stockholder Matters


75Item 13.

Certain Relationships and Related Transactions,
    and Director Independence


75Item 14.

Principal Accounting Fees and Services


76PART IVItem 15.

Exhibits, Financial Statement Schedules


76Signatures


77Exhibit Index


79EX-3.2EX-12EX-21EX-23EX-31.1EX-31.2EX-32.1EX-32.2   2




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##### Table of Contents



PART I  ITEM 1.
    BUSINESS        (304) 598-2000.
  Customers
    and Markets
     3




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##### Table of Contents



Commercial
    Loans
    Lending Practices.
    Consumer
    Loans
    Lending Practices.
   4




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##### Table of Contents



Real
    Estate Loans
    Lending Practices.
  Home Equity Loans. 20-year
  Construction Loans.
  Competition
        Supervision
    and Regulation
    Bank Holding Company Regulation.
 5




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##### Table of Contents



and/or
      Banking Subsidiary Regulation.
  International Money Laundering Abatement and
    Anti-Terrorist Financing Act of 2001 (USA Patriot
    Act)
  Federal Deposit Insurance
    Corporation
  Federal Home Loan Bank
 6




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##### Table of Contents



Capital
    Requirements
  Federal Reserve Board. Form 10-K.
  West Virginia Division of
    Banking.
  FDIC
    Assessment.
      Troubled
    Asset Relief Program  Capital Purchase
    Program
   7




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##### Table of Contents



Future
    Legislation
    one-to-four
   8




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##### Table of Contents



Limits
    on Dividends
  Form 10-K,
  Federal
    and State Laws
  truth-in-lending low-to-moderate
  Monetary
    Policy and Economic Conditions
      Effect
    of Environmental Regulation
       9




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##### Table of Contents



Executive
    Officers
    Name

Age

Position

Principal Occupation (Past Five Years)Douglas J. Leech


55


Chairman, President and Chief Executive Officer

Chairman, President and CEO Centra Financial Holdings, Inc.,
    President Centra Bank, Inc.Henry M. Kayes, Jr.


42


Vice President

Executive Vice President, Centra Bank, President 
    Martinsburg Region, Centra Bank, Inc. (2001 to present); Senior
    Vice President  City Executive, Martinsburg, West
    Virginia, BB&T(2000 to 2001); Senior Vice President, One
    Valley Bank  East (1989-2001)Kevin D. Lemley


55


Vice President, Chief Financial Officer and Treasurer

Senior Vice President and CFO Centra Bank, Inc. (1999 to
    present); Senior Vice President, Huntington National Bank, West
    Virginia (Commercial Portfolio Manager/Manager of Statewide
    Commercial Lending) (1997-1999); Huntington National Bank, West
    Virginia, Chief Financial Officer (1987-1997)Timothy P. Saab


53


Vice President and Secretary

Senior Vice President, Centra Bank, Inc. (1999 to present); Vice
    President and Group Executive, Private Financial Group,
    Huntington National Bank (1996-1999); Senior Vice President,
    Huntington National Bank, West Virginia (1993-1996); Corporate
    Secretary, Huntington Bancshares West Virginia (1989-1996);
    Corporate Secretary, Huntington National Bank, West Virginia
    (1994-1997)E. Richard Hilleary


61


Vice President

Senior Vice President  Commercial Lending, Centra
    Bank, Inc. (1999 to present); Vice President, Huntington
    National Bank, West Virginia (Commercial Lending (1973 to 1999)Karla J. Strosnider


47


Vice President

Senior Vice President, Centra Bank, Inc. (1999 to present);
    Assistant Vice President, Operations, One Valley
    Bank  Morgantown (1981 to 1999)John T. Fahey


48


Vice President

Senior Vice President and Marketing Director, Centra Bank, Inc.
    (1999 to present); Marketing Director, Huntington National Bank,
    West Virginia (1991 to 1999)    10




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##### Table of Contents



ITEM 1A.
    RISK
    FACTORS  We
    may not be able to maintain our historical growth rate, which
    may adversely impact our results of operations and financial
    condition.
      Centras
    real estate portfolios are exposed to weakness in the U.S.
    housing markets and the overall state of the
    economy.
      The
    allowance for loan losses may prove inadequate or be negatively
    affected by credit risk
    exposures.
  Form 10-K
 11




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Centras
    Ability to Pay Dividends is
    Limited.
  Form 10-K,
  Financial
    Market and Economic Conditions May Adversely Affect Our
    Business.
        An
    Increase in FDIC Assessments Could Impact Our Financial
    Performance.
    Changes
    in interest rates could reduce income and cash
    flows.
     12




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##### Table of Contents



Form 10-K
  Centras
    success depends on Centras management
    team.
    Centra
    faces vigorous competition in its market
    areas.
    
    local, regional and national banks;
    savings and loans;
    internet banks;
    credit unions;
    finance companies; and
    brokerage firms serving Centras market areas.    Centra
    is highly
    regulated.
    The
    number of shares owned by our directors and executive officers
    could make it more difficult to obtain approval for some matters
    submitted to shareholder vote, including mergers and
    acquisitions.
    ITEM 1B.
    UNRESOLVED
    STAFF COMMENTS   13




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##### Table of Contents



ITEM 2.
    PROPERTIES    Form 10-K.
  ITEM 3.
    LEGAL
    PROCEEDINGS  and/or
  ITEM 4.
    (REMOVED
    AND RESERVED) PART II  ITEM 5.
    MARKET
    FOR REGISTRANTS COMMON EQUITY, RELATED STOCKHOLDER MATTERS
    AND ISSUER PURCHASES OF EQUITY SECURITIES    over-the-counter. and/or
  Quarterly
    Market and Dividend Information:
  2009

2008Estimated



EstimatedMarket Value



Market ValuePer Share

Dividend

Per Share

DividendFourth Quarter

$
20.00


$
0.05


$
16.59


$
0.05Third Quarter


17.00



0.05



16.59



0.05Second Quarter


16.00



0.05



16.59



0.05First Quarter


16.50



0.05



16.53



0.05  14




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##### Table of Contents



year-to-date
         15




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##### Table of Contents



Performance
    Graph
      COMPARISON
    OF 5 YEAR CUMULATIVE TOTAL RETURN*
    AMONG CENTRA FINANCIAL HOLDINGS, INC.,
    THE NASDAQ COMPOSITE INDEX AND SIC CODE INDEX
  
  ASSUMES $100
    INVESTED ON DECEMBER 31, 2004
    ASSUMES DIVIDENDS REINVESTED
    FISCAL YEAR ENDING DECEMBER 31, 2009
  2004


2005


2006


2007


2008


2009Centra Financial Holdings, Inc.



100.00




115.41




140.55




156.14




156.81




189.04NASDAQ Composite



100.00




101.33




114.01




123.71




73.11




105.61SIC Code Index



100.00




102.27




121.38




93.29




52.96




52.42  16




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##### Table of Contents



ITEM 6.
    SELECTED
    FINANCIAL DATA    (Dollars in Thousands, exceptRatios and Per Share Data)

2009


2008


2007


2006(a)


2005Operating DataFor the year ended:Total interest income

$
64,946


$
69,355


$
68,570


$
50,201


$
29,530Total interest expense


21,712



29,399



34,001



22,976



11,288Net interest income


43,234



39,956



34,569



27,225



18,242Provision for credit losses


5,669



5,157



3,498



2,327



1,341Other income


8,352



7,566



6,081



3,638



3,135Security (losses) gains


(475
)


217







(40
)


(247
)Other expense


33,399



32,763



28,921



20,735



13,465Income tax expense


4,026



3,249



2,904



2,929



2,337Net income


8,017



6,570



5,327



4,832



3,987Dividends and accretion on preferred stock (TARP)


923















Net income available to common stockholders


7,094



6,570



5,327



4,832



3,987Balance Sheet DataAt year-end:Total assets

$
1,292,557


$
1,213,557


$
1,085,187


$
913,853


$
550,756Investment securities


134,453



121,543



125,904



125,130



49,748Net loans


1,004,842



1,008,845



876,176



693,520



463,496Total deposits


1,114,346



1,012,393



943,934



804,188



484,532Short-term borrowings


40,781



75,285



25,173



25,366



18,536Long-term debt


20,000



20,000



20,000



20,000



10,000Stockholders equity


105,144



95,242



87,920



57,113



33,873Significant RatiosNet income to:Average total assets


0.65
%


0.57
%


0.54
%


0.66
%


0.80
%Average stockholders equity


7.71



7.21



8.16



9.92



12.50Average stockholders equity to average total assets


8.37



7.84



6.59



6.60



6.42Average total loans to average deposits


97.06



92.87



89.00



89.61



99.46Risk-based capital ratio


12.17



11.36



12.24



10.28



11.58Per Share DataBasic net income per share

$
1.02


$
1.00


$
0.99


$
1.10


$
0.91Diluted net income per share

$
0.97


$
0.92


$
0.91


$
1.01


$
0.83Cash dividends paid

$
0.20


$
0.20


$
0.00


$
0.00


$
0.00Book value at end of period

$
14.76


$
14.00


$
14.72


$
13.57


$
10.93Basic weighted-average shares outstanding


6,945,644



6,597,386



5,384,111



4,394,585



4,394,585Diluted weighted-average shares outstanding


7,342,174



7,125,462



5,859,746



4,788,779



4,788,779     (a)
    
    The financial data for 2006 and beyond includes the acquisition
    of Smithfield. 17




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##### Table of Contents



ITEM 7.
    MANAGEMENTS
    DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF
    OPERATIONS  Forward-Looking
    Statements:
      
    General economic conditions, either nationally or within
    Centras markets, could be less favorable than expected;
    Changes in market interest rates could affect interest margins
    and profitability;
    Competitive pressures could be greater than anticipated;
    Legal or accounting changes could affect Centras results;
    Adverse changes could occur in the securities and investments
    markets;
    The FDIC could increase insurance assessments;
    The current economic environment could pose significant
    challenges for us as well as other financial institutions across
    the country, and these challenges could adversely affect our
    financial condition and results of operations; and
    Legislation adopted by Congress may not prove effective in
    loosening the credit markets and reversing deterioration of the
    economy.    Introduction
  Form 10-K.
  Application
    of Critical Accounting Policies
   18




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##### Table of Contents



Income
    Recognition
    and/or
  Allowance
    for Loan Losses
     19




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##### Table of Contents



Available-for-sale
    Securities
  Available-for-sale available-for-sale held-to-maturity.
  available-for-sale other-than-temporary other-than-temporarily
  other-than-temporary
  other-than-temporarily other-than-temporary other-than-temporarily other-than-temporary
 20




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##### Table of Contents



Income
    Taxes
    time-to-time
  Goodwill
    and Other Intangible Assets
           21




---



##### Table of Contents



Recent
    Accounting Pronouncements and Developments
    Summary
    Financial Results
            Year Ended December 31(Dollars in Thousands)

2009


2008Net interest income, GAAP basis

$
43,234


$
39,956Tax-equivalent adjustment


933



1,489Tax-equivalent net interest income

$
44,167


$
41,445     Interest
    Income and Expense
   22




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##### Table of Contents



23




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##### Table of Contents



Statistical
    Financial Information Regarding Centra
    Average
    Balances and Analysis of Net Interest Income:
  2009


2008Average








AverageAverage


Income/


Yield/


Average


Income/


Yield/(Dollars in Thousands)

Balance


Expense


Rate


Balance


Expense


RateSecurities(1)(4):Taxable

$
91,249


$
2,869



3.14
%

$
88,495


$
4,048



4.57
%Tax-exempt


32,796



1,777



5.42
%


34,068



1,811



5.32
%Loans(2)(3)(4):Commercial


754,429



43,343



5.75
%


685,626



45,689



6.66
%Real estate


192,509



11,690



6.07
%


188,922



12,123



6.42
%Consumer


81,906



6,002



7.33
%


87,910



6,659



7.57
%Allowance for loan losses


(16,859
)










(14,817
)Net loans


1,011,985



61,035



6.03
%


947,641



64,471



6.80
%Loans held for sale


3,553



159



4.48
%


3,120



164



5.26
%Short-term investments:Interest-bearing deposits


3,898



3



0.08
%


1,312



23



1.75
%Federal funds sold


11,585



36



0.31
%


14,074



327



2.32
%Total


15,483



39



0.25
%


15,386



350



2.27
%Total earning assets


1,155,066



65,879



5.70
%


1,088,710



70,844



6.51
%Other assets


87,646











73,807Total assets

$
1,242,712










$
1,162,517Interest-bearing deposits:Savings

$
41,051


$
145



0.35
%

$
36,347


$
183



0.50
%Demand


347,015



3,775



1.09
%


297,502



5,782



1.94
%Time


534,188



16,926



3.17
%


531,740



21,523



4.05
%Total


922,254



20,846



2.26
%


865,589



27,488



3.18
%Short-term borrowed funds


46,727



291



0.62
%


49,969



817



1.64
%Long-term debt


20,000



575



2.88
%


20,000



1,094



5.47
%Total interest-bearing liabilities


988,981



21,712



2.20
%


935,558



29,399



3.14
%Non interest-bearing demand deposits


137,770











125,830Other liabilities


11,989











9,721Total liabilities


1,138,740











1,071,109Stockholders equity


103,972











91,408Total liabilities and stockholders equity

$
1,242,712










$
1,162,517Interest rate spread





$
44,167



3.50
%





$
41,445



3.37
%Interest income/earning assets










5.70
%










6.51
%Interest expense/earning assets










1.88
%










2.70
%Net yield on earning assets (net interest margin)










3.82
%










3.81
%     (1)
    
    Average balances of investment securities based on carrying
    value.(2)
    
    Loan fees included in interest income were $894 in 2009 and
    $1,170 in 2008.(3)
    
    Nonaccrual loans are included in the daily average loan amounts
    outstanding.(4)
    
    For 2009 and 2008, income is computed on a fully tax-equivalent
    basis assuming a tax rate of approximately 40%. 24




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##### Table of Contents



Average
    Balances and Analysis of Net Interest Income:
  2007AverageAverage


Income/


Yield/(Dollars in Thousands)

Balance


Expense


RateSecurities(1)(4):Taxable

$
110,357


$
5,770



5.23
%Tax-exempt


9,640



575



5.96
%Loans(2)(3)(4):Commercial


521,193



42,260



8.11
%Real estate


178,575



12,278



6.88
%Consumer


78,956



6,070



7.69
%Allowance for loan losses


(11,282
)Net loans


767,442



60,608



7.90
%Loans held for sale


2,641



156



5.91
%Short-term investments:Interest-bearing deposits


1,120



70



6.34
%Federal funds sold


34,879



1,768



5.07
%Total


35,999



1,838



5.11
%Total earning assets


926,079



68,947



7.45
%Other assets


65,405Total assets

$
991,484Interest-bearing deposits:Savings

$
36,081


$
449



1.24
%Demand


237,072



9,054



3.82
%Time


488,998



22,050



4.51
%Total


762,151



31,553



4.14
%Short-term borrowed funds


22,879



960



4.20
%Long-term debt


20,000



1,488



7.44
%Total interest-bearing liabilities


805,030



34,001



4.22
%Non-interest-bearing demand deposits


112,794Other liabilities


8,353Total liabilities


926,177Stockholders equity


65,307Total liabilities and stockholders equity

$
991,484Interest rate spread





$
34,946



3.23
%Interest income/earning assets










7.45
%Interest expense/earning assets










3.68
%Net yield on earning assets (net interest margin)










3.77
%     (1)
    
    Average balances of investment securities based on carrying
    value.(2)
    
    Loan fees included in interest income for $801 in 2007.(3)
    
    Nonaccrual loans are included in the daily average loan amounts
    outstanding.(4)
    
    For 2007, income is computed on a fully tax-equivalent basis
    assuming a tax rate of approximately 40%. 25




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##### Table of Contents



Rate/Volume
    Analysis of Changes in Interest Income and Expense:
  2009 vs. 2008Increase (Decrease)Due to Change In:(Dollars in Thousands)

Volume(1)


Rate(1)


NetInterest-earning assets:Loan portfolio:Commercial

$
4,319


$
(6,665
)

$
(2,346
)Real estate


227



(660
)


(433
)Consumer


(445
)


(212
)


(657
)Net loans


4,101



(7,537
)


(3,346
)Loans held for sale


21



(26
)


(5
)Securities:Taxable


122



(1,301
)


(1,179
)Tax exempt


(68
)


34



(34
)Federal funds sold and other


2



(313
)


(311
)Total interest-earning assets

$
4,178


$
(9,143
)

$
(4,965
)Interest-bearing liabilities:Savings deposits

$
21


$
(59
)

$
(38
)Interest-bearing demand deposits


846



(2,853
)


(2,007
)Time deposits


99



(4,696
)


(4,597
)Short-term borrowings


(50
)


(476
)


(526
)Long-term debt






(519
)


(519
)Total interest-bearing liabilities


916



(8,603
)


(7,687
)Net interest income

$
3,262


$
(540
)

$
2,722   26




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##### Table of Contents



2008 vs. 2007Increase (Decrease)Due to Change In:(Dollars in Thousands)

Volume(1)


Rate(1)


NetInterest-earning assets:Loan portfolio:Commercial

$
11,815


$
(8,385
)

$
3,430Real estate


667



(822
)


(155
)Consumer


702



(113
)


589Net loans


13,184



(9,320
)


3,864Loans held for sale


26



(18
)


8Securities:Taxable


(1,055
)


(667
)


(1,722
)Tax exempt


1,305



(69
)


1,236Federal funds sold and other


(800
)


(689
)


(1,489
)Total interest-earning assets

$
12,660


$
(10,763
)

$
1,897Interest-bearing liabilities:Savings deposits

$
3


$
(269
)

$
(266
)Interest-bearing demand deposits


1,921



(5,193
)


(3,272
)Time deposits


1,836



(2,363
)


(527
)Short-term borrowings


679



(822
)


(143
)Long-term debt






(394
)


(394
)Total interest-bearing liabilities


4,439



(9,041
)


(4,602
)Net interest income

$
8,221


$
(1,722
)

$
6,499     (1)
    
    The above table sets forth a summary for the periods indicated
    of the changes in consolidated interest earned and interest paid
    detailing the amounts attributable to (i) changes in volume
    (change in the average volume times the prior years
    average rate), (ii) changes in rate (change in the average
    rate times the prior years average volume), and
    (iii) changes in rate/volume (change in the average volume
    times the change in average rate).  Allowance
    and Provision for Credit Losses
     27




---



##### Table of Contents



28




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##### Table of Contents



(Dollars in Thousands)

2009


2008


2007


2006


2005Balance, January 1

$
16,367


$
13,536


$
10,336


$
6,907


$
5,764Provision


5,686



5,186



3,159



1,830



1,301Charge-offs


4,413



2,530



213



1,272



304Recoveries


370



175



254



200



146Net charge-offs (recoveries)


4,043



2,355



(41
)


1,072



158Balance acquired through acquisition














2,671



Balance, December 31

$
18,010


$
16,367


$
13,536


$
10,336


$
6,907Ratio of net (recoveries) charge-offs to average loans


0.39
%


0.24
%


(0.01
)%


0.19
%


0.04
%       (Dollars in Thousands)

2009


2008


2007


2006


2005Allocation of allowance for loan losses at December 31:Commercial

$
11,654


$
9,323


$
7,628


$
6,236


$
5,291Real estate


3,887



3,922



3,273



2,140



769Real estate construction


187



320



276



152



65Consumer


2,282



2,802



2,359



1,808



782Total

$
18,010


$
16,367


$
13,536


$
10,336


$
6,907Percent of loans to total loans at December 31:Commercial


74
%


72
%


69
%


65
%


66
%Real estate


18



19



19



24



23Real estate construction


1



0



2



2



2Consumer


7



9



10



9



9Total


100
%


100
%


100
%


100
%


100
%     (Dollars in Thousands)

2009


2008


2007


2006


2005Balance, January 1

$
1,477


$
1,507


$
1,167


$
670


$
630Provision


(17
)


(30
)


340



497



40Balance, December 31

$
1,460


$
1,477


$
1,507


$
1,167


$
670    29




---



##### Table of Contents



(Dollars in Thousands)

2009


2008


2007


2006


2005Non-accrual loansCommercial

$
4,897


$
3,774


$
3,005


$
1,149


$
Real estate


1,848



2,468



905







Consumer


452



519



286



209



72Total non-accrual loans


7,197



6,761



4,196



1,358



72Other impaired loans


4,702















Renegotiated loans


















Total non-performing loans


11,899



6,761



4,196



1,358



72Other real estate, net


2,261



160



235



10



204Total non-performing assets

$
14,160


$
6,921


$
4,431


$
1,368


$
276Accruing loans past due 90 days or more


















Non-performing loans as a % of total loans


1.16
%


0.66
%


0.48
%


0.20
%


0.02
%Allowance for loan losses as a % of non-performing loans


151
%


242
%


323
%


761
%


9,593
%     Non-Interest
    Income
  other-than-temporary
       30




---



##### Table of Contents



Non-Interest
    Expense
                       31




---



##### Table of Contents



Income
    Taxes
    Return
    on Assets
    Return
    on Equity
      2008
    Compared to 2007
             32




---



##### Table of Contents



Overview
    of the Statement of Condition
        Cash
    and Cash Equivalents
      Available-for-sale
    Securities
  Available-for-sale
  sub-prime
  available-for-sale. available-for-sale
  other-than-temporary
     33




---



##### Table of Contents



Loans
           34




---



##### Table of Contents



Loan
    Portfolio Analysis:
  (Dollars in Thousands)

2009


2008


2007


2006


2005Year-end balances:Commercial, financial, and agricultural

$
757,901


$
743,052


$
604,319


$
448,885


$
305,270Real estate


181,117



180,109



171,335



167,354



106,599Real estate construction


8,697



14,696



14,465



11,894



9,084Consumer


75,137



87,355



86,057



65,387



42,543Total

$
1,022,852


$
1,025,212


$
876,176


$
693,520


$
463,496Average total loans

$
1,028,844


$
962,458


$
778,724


$
576,482


$
432,910Average allowance for loan losses


(16,859
)


(14,817
)


(11,282
)


(9,095
)


(7,075
)Average loans, net of allowance

$
1,011,985


$
947,641


$
767,442


$
567,387


$
425,835     Loan
    Maturities:
  December 31, 2009Due AfterOne Year


DueDue in


Through


AfterOne Year


Five


Five(Dollars in Thousands)

or Less


Years


Years


TotalLoan TypeCommercial loans:Fixed

$
27,725


$
38,398


$
10,708


$
76,831Variable


49,334



23,452



608,284



681,07077,059



61,850



618,992



757,901Real estate loans:Fixed


38



913



33,973



34,924Variable






555



154,335



154,89038



1,468



188,308



189,814Consumer loans:Fixed


6,539



31,996



35,102



73,637Variable






69



1,431



1,5006,539



32,065



36,533



75,137Total

$
83,636


$
95,383


$
843,833


$
1,022,852   Loan
    Concentration
   35




---



##### Table of Contents



Funding
    Sources
          (Dollars in Thousands)

2009


2008


2007Under 3 months

$
77,015


$
62,789


$
65,7333 to 12 months


119,721



134,824



123,593Over 12 months


74,829



67,922



50,270Total

$
271,565


$
265,535


$
239,596     Capital/Stockholders
    Equity
       36




---



##### Table of Contents



available-for-sale available-for-sale,
    Liquidity
    and Interest Rate Sensitivity
    Interest
    Rate Risk
         37




---



##### Table of Contents



and/or
    2009


2008Immediate

Estimated Increase


Estimated IncreaseInterest Rate Change

(Decrease) in Net


(Decrease) in Net(in Basis Points)

Interest Income


Interest Income(Dollars in Thousands)300


(1,572
)


(3.43
%)


(8,573
)


(18.38
%)200


(1,239
)


(2.71
%)


(6,190
)


(13.27
%)100


(673
)


(1.47
%)


(3,245
)


(6.96
%)(100)


1,862



4.07
%


(509
)


(1.09
%)   Liquidity
      available-for-sale
   38




---



##### Table of Contents



Contractual Obligations, Commitments, Contingent Liabilities,
    and Off-Balance Sheet Arrangements
      One

Three to

OverOne Year

to Three

Five

Five(Dollars in Thousands)

or Less

Years

Years

Years

TotalCommitments to extend credit:Commercial

$
72,567


$
84


$



$
2,967


$
75,618Residential real estate


52,003



7,807



213



13



60,036Revolving home equity lines


1,788



150







44,011



45,949Standby letters of credit


31,619



914



222



27



32,782Net commitments to sell mortgage loans


2,593















       Payments Due inOne to

Three to

OverOne Year

Three

Five

Five(Dollars in Thousands)

or Less

Years

Years

Years

TotalDeposits without a stated maturity(a)

$
603,767


$



$



$



$
603,767Consumer certificates of deposits(b)


355,739



141,397



13,443







510,579Federal funds borrowed and security repurchase agreements(b)


40,781















40,781Long-term debt(b)


447



894



894



29,159



31,394Operating leases


1,347



2,120



2,010



5,011



10,488     (a)
    
    Excludes interest(b)
    
    Includes interest on both fixed and variable rate obligations.
    The interest associated with variable rate obligations is based
    upon interest rates in effect at December 31, 2009. The
    contractual amounts to be paid on variable rate obligations are
    affected by changes in market interest rates. Future changes in
    market interest rates could materially affect the contractual
    amounts to be paid.      Fourth
    Quarter
   39




---



##### Table of Contents



ITEM 7A.
    QUANTITATIVE
    AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK  Form 10-K.
  ITEM 8.
    FINANCIAL
    STATEMENTS AND SUPPLEMENTARY DATA    ITEM 9.
    CHANGES
    IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND
    FINANCIAL DISCLOSURE    ITEM 9A.
    CONTROLS
    AND PROCEDURES  Disclosure
    Controls and Procedures
    Managements
    Annual Report on Internal Control Over Financial
    Reporting
  Regulation S-K Form 10-K.
  Attestation
    Report of Independent Registered Public Accounting
    Firm
  Regulation S-K Form 10-K.
  Changes
    in Internal Control Over Financial Reporting
    ITEM 9B.
    OTHER
    INFORMATION   40




---



##### Table of Contents



CENTRA
    FINANCIAL HOLDINGS, INC. AND SUBSIDIARIES
  Consolidated
    Balance Sheets
  December 31(Dollars in Thousands, except Per Share Data)

2009


2008AssetsCash and due from banks

$
3,961


$
18,646Interest-bearing deposits with other banks


1,996



1,650Federal funds sold


68,607



Total cash and cash equivalents


74,564



20,296Available-for-sale
    securities, at estimated fair value (amortized cost of $128,966
    and $117,740 on December 31, 2009 and 2008, respectively)


131,531



119,550Other investment securities, at cost


2,922



1,993Loans, net of unearned income


1,022,852



1,025,212Allowance for loan losses


(18,010
)


(16,367
)Net loans


1,004,842



1,008,845Premises and equipment, net


22,362



21,446Loans held for sale


2,593



1,961Goodwill and other intangible assets


15,557



16,297Other assets


38,186



23,169Total assets

$
1,292,557


$
1,213,557LiabilitiesDeposits:Non-interest-bearing

$
155,690


$
132,229Interest-bearing


958,656



880,164Total deposits


1,114,346



1,012,393Short-term borrowings


40,781



75,285Long-term debt


20,000



20,000Other liabilities


12,286



10,637Total liabilities


1,187,413



1,118,315Stockholders equity:Preferred stock, $1 par value, 1,000,000 authorized, none
    issued






Common stock, $1 par value, 50,000,000 authorized,
    7,122,525, and 6,804,084 issued and outstanding on
    December 31, 2009 and 2008, respectively


7,123



6,804Additional paid-in capital


97,320



93,887Retained earnings deficit


(838
)


(6,535
)Accumulated other comprehensive income


1,539



1,086Total stockholders equity


105,144



95,242Total liabilities and stockholders equity

$
1,292,557


$
1,213,557   See Notes to Consolidated Financial Statements.
 41




---



##### Table of Contents



CENTRA
    FINANCIAL HOLDINGS, INC. AND SUBSIDIARIES
  Consolidated
    Statements of Income
  Year Ended December 31(Dollars in Thousands, except Per Share Data)

2009


2008


2007Interest income:Loans, including fees

$
60,746


$
63,607


$
60,423Loans held for sale


159



164



156Securities
    available-for-sale


4,002



5,234



6,153Interest-bearing bank balances


3



23



70Federal funds sold


36



327



1,768Total interest income


64,946



69,355



68,570Interest expense:Deposits


20,846



27,488



31,553Short-term borrowings


291



817



960Long-term debt


575



1,094



1,488Total interest expense


21,712



29,399



34,001Net interest income


43,234



39,956



34,569Provision for credit losses


5,669



5,157



3,498Net interest income after provision for credit losses


37,565



34,799



31,071Other income:Service charges on deposit accounts


3,717



3,058



2,174Other service charges and fees


2,521



2,431



1,893Secondary market income


1,368



1,187



1,099Security (losses) gains


(475
)


217



Other


746



890



915Total other income


7,877



7,783



6,081Other expense:Salaries and employee benefits


15,647



16,423



14,653Occupancy expense


2,781



2,600



2,171Equipment expense


2,327



2,169



1,921Advertising


1,578



1,388



2,029Professional fees


934



1,283



340Data processing


2,523



2,220



1,763Other outside services


1,033



901



885Regulatory assessment


1,922



696



439Other


4,654



5,083



4,720Total other expense


33,399



32,763



28,921Net income before income tax expense


12,043



9,819



8,231Income tax expense


4,026



3,249



2,904Net income


8,017



6,570



5,327Dividends and accretion on preferred stock (TARP)


923







Net income available to common stockholders

$
7,094


$
6,570


$
5,327Basic earnings per share

$
1.02


$
1.00


$
0.99Diluted earnings per share

$
0.97


$
0.92


$
0.91Basic weighted-average shares outstanding


6,945,644



6,597,386



5,384,111Diluted weighted-average shares outstanding


7,342,174



7,125,462



5,859,746Cash Dividends Declared per share

$
0.20


$
0.20


$
   See Notes to Consolidated Financial Statements.
 42




---



##### Table of Contents



CENTRA
    FINANCIAL HOLDINGS, INC. AND SUBSIDIARIES
  Consolidated
    Statements of Stockholders Equity
  AccumulatedAdditional


Retained


OtherPreferred


Common


Paid-in


(Deficit)


Comprehensive(Dollars in Thousands)

Stock


Stock


Capital


Earnings


Income (Loss)


TotalBalance, December 31, 2006

$



$
4,197


$
48,510


$
3,996


$
410


$
57,113Issuance of a 10% stock dividend






542



9,319



(9,861
)






Issuance of common stock






1,232



23,008











24,240Payments for fractional shares














(9
)






(9
)Stock Based Compensation Expense










743











743Comprehensive income:Net income














5,327







5,327Other comprehensive income:Unrealized gain on
    available-for-sale
    securities, net of income taxes of $202


















506



506Total comprehensive income






















5,833Balance, December 31, 2007

$



$
5,971


$
81,580


$
(547
)

$
916


$
87,920Issuance of a 10% stock dividend






616



10,625



(11,241
)






Payments for fractional shares














(8
)






(8
)Cash dividend declared ($0.20)














(1,140
)






(1,140
)Stock Based Compensation Expense










223











223Exercise of 216,967 stock options






217



1,459











1,676Adoption of EITF
    06-04














(169
)






(169
)Comprehensive income:Net income














6,570







6,570Other comprehensive income:Change in unrealized gain on available for sale securities, net
    of income taxes of $28


















40



40Reclassification adjustment for securities gains included in
    income, net of income taxes of $87


















130



130Unrealized gain on
    available-for-sale
    securities, net of income taxes of $115






















170Total comprehensive income






















6,740Balance, December 31, 2008

$



$
6,804


$
93,887


$
(6,535
)

$
1,086


$
95,242Issuance of Series A Preferred Stock


15







14,235











14,250Issuance of Series B Preferred Stock


1







749











750Accretion of discount on Series A Preferred Stock










43



(43
)






Redemption of Series A Preferred Stock


(15
)






(14,278
)


(707
)






(15,000
)Redemption of Series B Preferred Stock


(1
)






(749
)










(750
)Cash dividend declared ($0.20)














(1,397
)






(1,397
)Cash dividends on Series A and B preferred Stock














(173
)






(173
)Stock Based Compensation Expense










361











361Exercise of 218,523 stock options






219



1,466











1,685Shares issued through dividend reinvestment plan






100



1,609











1,709Stock offering expense










(3
)










(3
)Comprehensive income:Net income














8,017







8,017Other comprehensive income:Change in unrealized gain on available for sale securities, net
    of income taxes of $112


















168



168Reclassification adjustment for securities losses included in
    income, net of income taxes of $190


















285



285Net unrealized gain on
    available-for-sale
    securities, net of income taxes of $302






















453Total comprehensive income






















8,470Balance, December 31, 2009

$



$
7,123


$
97,320


$
(838
)

$
1,539


$
105,144   See Notes to Consolidated Financial Statements.
 43




---



##### Table of Contents



CENTRA
    FINANCIAL HOLDINGS, INC. AND SUBSIDIARIES
  Consolidated
    Statements of Cash Flows
  Year Ended December 31(Dollars in Thousands)

2009


2008


2007Operating activities:Net income

$
8,017


$
6,570


$
5,327Adjustments to reconcile net income to net cash provided by
    operating activities:Accretion of discounts on securities


(267
)


(608
)


(1,028
)Amortization of premiums on securities


1,088



587



876Loss (gain) on sale of securities


475



(217
)


Amortization of purchase accounting adjustments


797



1,246



Provision for credit losses


5,669



5,157



3,498Deferred income tax expense (benefit)


(1,670
)


(325
)


(482
)Depreciation


2,130



1,867



1,486(Gain) loss on disposal of premises and equipment


(19
)






18Loans originated for sale


(93,070
)


(74,911
)


(71,671
)Proceeds from loans sold


93,806



75,999



71,895Gain on sale of loans


(1,368
)


(1,184
)


(1,078
)Stock Option Expense


361



223



743Increase in cash surrender value of life insurance


(465
)


(362
)


(216
)Increase in other liabilities


1,649



2,477



974Increase in other assets


(7,761
)


(1,885
)


(1,910
)Net cash provided by operating activities


9,372



14,634



8,432Investing activities:Purchases of premises and equipment


(3,630
)


(4,598
)


(6,298
)Retirement of premises and equipment


598







Purchases of life insurance


(5,114
)


(5,509
)


Purchases of
    available-for-sale
    securities


(73,804
)


(84,015
)


(68,300
)Sales, calls and maturities of
    available-for-sale
    securities


60,353



88,898



69,260Net increase in loans made to customers


(1,718
)


(151,414
)


(182,954
)Net cash used in investing activities


(23,315
)


(156,638
)


(188,292
)Financing activities:Net increase in deposits


101,953



68,010



139,746Net (decrease) increase in short-term borrowing


(34,504
)


50,112



(193
)Cash received from dividend reinvestment plan


1,293







Proceeds of stock offering


(3
)






23,974Payments for fractional shares


(8
)


(8
)


(9
)Cash dividend paid on common stock


(1,282
)


(898
)


Cash received from exercise of stock options


1,685



1,688



266Net proceeds from issuance of Series A and B Preferred Stock


15,000







Repayment of Series A and B Preferred Stock


(15,750
)






Cash dividend paid on preferred stock


(173
)






Net cash provided by financing activities


68,211



118,904



163,784Increase (decrease) in cash and cash equivalents


54,268



(23,100
)


(16,076
)Cash and cash equivalents  beginning of period


20,296



43,396



59,472Cash and cash equivalents  end of period

$
74,564


$
20,296


$
43,396Supplemental cash flow information:Interest paid

$
22,142


$
29,679


$
32,902Income taxes paid

$
6,855


$
4,500


$
4,803   See Notes to Consolidated Financial Statements.
 44




---



##### Table of Contents



CENTRA
    FINANCIAL HOLDINGS, INC. AND SUBSIDIARIES
  Notes to
    the Consolidated Financial Statements
  1.
    Summary
    of Significant Accounting Policies        Principles
    of Consolidation
    Cash
    and Cash Equivalents
    Investment
    Securities
  Available-for-sale Available-for-sale
  Other-Than-Temporary
    Impairments (OTTI)
  available-for-sale other-than-temporary
  other-than-temporarily
 45




---



##### Table of Contents



CENTRA
    FINANCIAL HOLDINGS, INC. AND SUBSIDIARIES
  Notes to
    the Consolidated Financial
    Statements  (Continued)
    other-than-temporary available-for-sale
  Loans
          Allowance
    for Credit Losses
     46




---



##### Table of Contents



CENTRA
    FINANCIAL HOLDINGS, INC. AND SUBSIDIARIES
  Notes to
    the Consolidated Financial
    Statements  (Continued)
        Loans
    Held for Sale
    Other
    Real Estate Owned
    Rate
    Lock Commitments
    Bank
    Premises and Equipment
   47




---



##### Table of Contents



CENTRA
    FINANCIAL HOLDINGS, INC. AND SUBSIDIARIES
  Notes to
    the Consolidated Financial
    Statements  (Continued)
  Advertising
    Expense
    Income
    Taxes
    Stock-Based
    Compensation
      Earnings
    Per Share
    Variable
    Interest Entities
       48




---



##### Table of Contents



CENTRA
    FINANCIAL HOLDINGS, INC. AND SUBSIDIARIES
  Notes to
    the Consolidated Financial
    Statements  (Continued)
    As of December 31, 2009

As of December 31, 2008Aggregate

Aggregate

Risk of

Aggregate

Aggregate

Risk of(Dollars in thousands)

Assets

Liabilities

Loss(1)

Assets

Liabilities

Loss(1)Trust preferred securities

$
20,620


$
20,000


$
620


$
20,620


$
20,000


$
620     (1)
    
    Represents investment in VIEs.  Reclassification
    Recent
    Accounting Pronouncements
  No. 2009-05 2009-05), 2009-05 2009-05
       49




---



##### Table of Contents



CENTRA
    FINANCIAL HOLDINGS, INC. AND SUBSIDIARIES
  Notes to
    the Consolidated Financial
    Statements  (Continued)
      other-than-temporary
    other-than-temporary
   50




---



##### Table of Contents



CENTRA
    FINANCIAL HOLDINGS, INC. AND SUBSIDIARIES
  Notes to
    the Consolidated Financial
    Statements  (Continued)
            2.
    Fair
    Values of Financial Instruments      
    Level 1  Valuation is based on quoted prices in
    active markets for identical assets and liabilities. 51




---



##### Table of Contents



CENTRA
    FINANCIAL HOLDINGS, INC. AND SUBSIDIARIES
  Notes to
    the Consolidated Financial
    Statements  (Continued)
   
    Level 2  Valuation is based on observable inputs
    other than quoted prices in active markets for similar assets
    and liabilities, quoted prices for identical or similar assets
    and liabilities in nonactive markets, and model-based valuation
    techniques for which all significant assumptions are observable
    in the market.
    Level 3  Valuation is based on model-based
    techniques that use one or more significant inputs or
    assumptions that are unobservable in the market.      Fair Value Measurements atDecember 31, 2009 Using:Quoted Pricesin Active


SignificantMarkets for


Other


SignificantBalance as of


Identical


Observable


UnobservableDecember 31,


Assets


Inputs


InputsDescription

2009


(Level 1)


(Level 2)


(Level 3)AssetsAvailable-for-sale
    securities:Debt securities:U.S. Government sponsored agencies

$
97,106


$



$
97,106


$
State and municipal


32,406







32,406



Corporate


1,630







1,630



Equity securities:














Financial institution stock


389



389







Total

$
131,531


$
389


$
131,142


$
   Fair Value Measurements atDecember 31, 2008 Using:Quoted Pricesin Active


SignificantMarkets for


Other


SignificantBalance as of


Identical


Observable


UnobservableDecember 31,


Assets


Inputs


InputsDescription

2008


(Level 1)


(Level 2)


(Level 3)AssetsAvailable-for-sale
    securities:Debt securities:U.S. Government sponsored agencies

$
81,903


$



$
81,903


$
State and municipal


33,722







33,722



Corporate


3,282







3,282



Equity securities:














Financial institution stock


643



643







Total

$
119,550


$
643


$
118,907


$
  52




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##### Table of Contents



CENTRA
    FINANCIAL HOLDINGS, INC. AND SUBSIDIARIES
  Notes to
    the Consolidated Financial
    Statements  (Continued)
    lower-of-cost-or-market
  Loans held for sale: one-to-four
  Allowance for Credit Losses:
  Other real estate owned:
  Goodwill and Core Deposit Intangible:
 53




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##### Table of Contents



CENTRA
    FINANCIAL HOLDINGS, INC. AND SUBSIDIARIES
  Notes to
    the Consolidated Financial
    Statements  (Continued)
  Financial Instruments:
  Cash
    and Cash Equivalents
    Investment
    Securities
    Loans
    Loans
    Held for Sale
    Deposits
    Short-Term
    Borrowings
    Long-Term
    Debt
    Off-Balance
    Sheet Financial Instruments
   54




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##### Table of Contents



CENTRA
    FINANCIAL HOLDINGS, INC. AND SUBSIDIARIES
  Notes to
    the Consolidated Financial
    Statements  (Continued)
    2009


2008Carrying


Estimated


Carrying


Estimated(Dollars in Thousands)

Amount


Fair Value


Amount


FairFinancial assets:Cash and cash equivalents

$
74,564


$
74,564


$
20,296


$
20,296Investment securities


131,531



131,531



119,550



119,550Loans


1,022,852



1,077,091



1,025,212



1,090,055Loans Held for Sale


2,593



2,593



1,961



1,961Financial liabilities:Deposits

$
1,114,346


$
1,126,781


$
1,012,393


$
1,013,717Short-term borrowings


40,781



40,781



75,285



75,285Long-term debt


20,000



20,000



20,000



20,000     3.
    Investment
    Securities  Securities Classified as Available-for-SaleGross





Gross EstimatedAmortized


Unrealized


Unrealized


Fair(Dollars in Thousands)

Cost


Gains


Losses


ValueAt December 31, 2009:Debt securities:U.S. Government sponsored agencies

$
95,752


$
1,397


$
(43
)

$
97,106State and municipal


31,253



1,168



(15
)


32,406Corporate


1,572



58







1,630Equity securities:Financial institution stock


389











389Total
    available-for-sale
    securities

$
128,966


$
2,623


$
(58
)

$
131,531At December 31, 2008:Debt securities:U.S. Government sponsored agencies

$
79,961


$
1,942


$



$
81,903State and municipal


33,558



416



(252
)


33,722Corporate


3,306



21



(45
)


3,282Equity securities:Financial institution stock


915







(272
)


643Total
    available-for-sale
    securities

$
117,740


$
2,379


$
(569
)

$
119,550    55




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##### Table of Contents



CENTRA
    FINANCIAL HOLDINGS, INC. AND SUBSIDIARIES
  Notes to
    the Consolidated Financial
    Statements  (Continued)
  available-for-sale
  Amortized
    Cost
  After 1





After 5Year





YearsWithin 1





Through





Through





Over 10(Dollars in Thousands)

Year


Yield


5 Years


Yield


10 Years


Yield


Years


Yield


TotalDecember 31, 2009:Debt securities:U.S. Government sponsored agencies

$
32,045



2.70
%

$
63,707



1.07
%

$




0.00
%

$







$
95,752State and municipal


857



4.23
%


29,559



3.23
%


837



4.04
%










31,253Corporate


804



3.90
%


768



3.87
%






0.00
%










1,572Equity securities:Financial institution stock






0.00
%






0.00
%






0.00
%


389



0.16
%


389Total
    available-for-sale
    securities

$
33,706



2.77
%

$
94,034



1.77
%

$
837



4.04
%

$
389



0.16
%

$
128,966   Fair
    Value
  After 1


After 5Year


YearsWithin 1


Through 5


Through 10


Over 10Year


Years


Years


Years


TotalDecember 31, 2009:Debt securities:U.S. Government sponsored agencies

$
32,712


$
64,394


$



$



$
97,106State and municipal


869



30,688



849







32,406Corporate


820



810











1,630Equity securities:Financial institution stock














389



389Total
    available-for-sale
    securities

$
34,401


$
95,892


$
849


$
389


$
131,531     available-for-sale
  56




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##### Table of Contents



CENTRA
    FINANCIAL HOLDINGS, INC. AND SUBSIDIARIES
  Notes to
    the Consolidated Financial
    Statements  (Continued)
  Less Than 12 Months


12 Months or More


TotalFair


Unrealized


Fair


Unrealized


Fair


Unrealized(Dollars in Thousands)

Value


Losses


Value


Losses


Value


LossesAt December 31, 2009:Debt securities:U.S. Government sponsored agencies

$
15,213


$
(43
)

$



$



$
15,213


$
(43
)State and municipal


1,275



(15
)










1,275



(15
)Corporate






















Equity securities:Financial institution stock






















Total

$
16,488


$
(58
)

$



$



$
16,488


$
(58
)At December 31, 2008:Debt securities:U.S. Government sponsored agencies

$



$



$



$



$



$
State and municipal


12,355



(252
)










12,355



(252
)Corporate


1,733



(45
)










1,733



(45
)Equity securities:Financial institution stock










643



(272
)


643



(272
)Total

$
14,088


$
(297
)

$
643


$
(272
)

$
14,731


$
(569
)   other-than-temporary other-than-temporarily other-than-temporary
   57




---



##### Table of Contents



CENTRA
    FINANCIAL HOLDINGS, INC. AND SUBSIDIARIES
  Notes to
    the Consolidated Financial
    Statements  (Continued)
   4.
    Loans
    and Allowance for Loan Losses    (Dollars in Thousands)

2009


2008Commercial

$
140,299


$
141,584Real estate, commercial


617,602



601,468Real estate, mortgage


189,814



194,805Consumer


75,137



87,355Total loans

$
1,022,852


$
1,025,212     (Dollars in Thousands)

2009


2008


2007Balance, January 1

$
16,367


$
13,536


$
10,336Provision


5,686



5,186



3,159Charge-offs


4,413



2,530



213Recoveries


370



175



254Net charge-offs (recoveries)


4,403



2,355



(41
)Balance, December 31

$
18,010


$
16,367


$
13,536     (Dollars in Thousands)

2009


2008


2007Balance, January 1

$
1,477


$
1,507


$
1,167Provision


(17
)


(30
)


340Balance, December 31

$
1,460


$
1,477


$
1,507     (Dollars in Thousands)

2009


2008


2007Impaired loans for which a specific allowance has been provided

$
3,044


$



$
Impaired loans for which a no specific allowance has been
    provided

$
1,853



3,774



3,095Other impaired loans for which a specific allowance has been
    provided


4,702







Total impaired loans

$
9,599


$
3,774


$
3,095Average balance of impaired loans

$
10,052


$
4,967


$
1,233    58




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##### Table of Contents



CENTRA
    FINANCIAL HOLDINGS, INC. AND SUBSIDIARIES
  Notes to
    the Consolidated Financial
    Statements  (Continued)
          (Dollars in Thousands)

2009


2008Balance, January 1

$
71,522


$
55,716New loans


7,038



21,324Repayments


(2,878
)


(5,518
)Balance, December 31

$
75,682


$
71,522   5.
    Bank
    Premises and Equipment    (Dollars in Thousands)

2009


2008Land

$
6,055


$
6,055Building and premises


10,893



10,668Leasehold improvements


3,685



2,154Furniture, fixtures, and equipment


11,685



10,94232,318



29,819Accumulated depreciation


(9,956
)


(8,373
)Net book value

$
22,362


$
21,446    59




---



##### Table of Contents



CENTRA
    FINANCIAL HOLDINGS, INC. AND SUBSIDIARIES
  Notes to
    the Consolidated Financial
    Statements  (Continued)
    Operating(Dollars in Thousands)

LeasesYear ending December 31:2010

$
1,3472011


1,0812012


1,0392013


1,0052014


1,005Thereafter


5,011Total minimum lease payments

$
10,488       6.
    Deposits      (Dollars in Thousands)

AmountDue in one year

$
355,128Due in one  three years


142,018Due in three  five years


13,433Thereafter


$
510,579    60




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##### Table of Contents



CENTRA
    FINANCIAL HOLDINGS, INC. AND SUBSIDIARIES
  Notes to
    the Consolidated Financial
    Statements  (Continued)
   7.
    Short-term
    Borrowings    (Dollars in Thousands)

2009

2008

2007Ending balance

$
40,781


$
75,285


$
25,173Average balance


46,727



49,969



22,879Highest month-end balance


71,499



79,618



30,559Interest expense


291



817



960Weighted-average interest rate:End of year


0.54
%


0.72
%


3.55
%During the year


0.62
%


1.64
%


4.20
%     8.
    Long-Term
    Debt            2009

2008Weighted



WeightedAverage



Average(Dollars in Thousands)

Amount

Rate

Amount

RateCentra Financial Statutory Trust I

$
10,000



3.22
%

$
10,000



5.61
%Centra Financial Statutory Trust II

$
10,000



2.52
%

$
10,000



5.36
%    61




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##### Table of Contents



CENTRA
    FINANCIAL HOLDINGS, INC. AND SUBSIDIARIES
  Notes to
    the Consolidated Financial
    Statements  (Continued)
   9.
    Income
    Taxes    2009


2008


2007Statutory corporate tax rate


35.0
%


34.0
%


34.0
%Differences in rate resulting from:State income taxes


3.8



5.5



4.0Tax exempt interest


(4.3
)


(5.2
)


(2.6
)Other


(1.1
)


(1.2
)


(0.1
)Effective income tax rate


33.4
%


33.1
%


35.3
%     (Dollars in Thousands)

2009


2008


2007Federal:Current

$
5,527


$
3,787


$
3,558Deferred


(2,211
)


(1,357
)


(916
)State


710



819



262Income tax expense

$
4,026


$
3,249


$
2,904     (Dollars in Thousands)

2009


2008Deferred tax assets:Allowance for loan losses

$
7,555


$
6,943Net operating loss carry-forward


301



739Supplemental retirement plan


1,406



821Deferred net loan origination fees


483



504Stock option compensation


577



451Other-than-temporary
    impairment loss


204



Premises and equipment


24



Other


168



115Deferred tax assets


10,718



9,573Deferred tax liabilities:Premises and equipment






594Unrealized gain on
    available-for-sale
    securities


995



724Accretion on
    available-for-sale
    securities


113



217Accounting intangibles related to core deposit intangibles,
    loans, and fixed assets


1,599



1,967Deferred tax liabilities


2,707



3,502Net deferred tax assets

$
8,011


$
6,071      62




---



##### Table of Contents



CENTRA
    FINANCIAL HOLDINGS, INC. AND SUBSIDIARIES
  Notes to
    the Consolidated Financial
    Statements  (Continued)
    10.
    Financial
    Instruments With Off-Balance Sheet Risk    (Dollars in Thousands)

2009

2008Commitments to grant loans

$
135,185


$
145,497Unfunded commitments under lines of credit


45,949



46,757Standby letters of credit


32,782



31,056       11.
    Other
    Expenses    (Dollars in Thousands)

2009

2008

2007Taxes not on income

$
956


$
1,173


$
1,021Core deposit intangible amortization


740



740



740   12.
    Regulatory
    Matters     63




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##### Table of Contents



CENTRA
    FINANCIAL HOLDINGS, INC. AND SUBSIDIARIES
  Notes to
    the Consolidated Financial
    Statements  (Continued)
          MinimumTo Be WellCapitalized UnderAdequately

Prompt CorrectiveActual

Capitalized

Action Provisions(Dollars in Thousands)

Amount

Ratio

Amount

Ratio

Amount

RatioAs of December 31, 2009Total capital(1)Consolidated

$
120,509



12.2
%

$
79,217



8.0
%

$
99,021



10.0
%Bank


116,924



11.8



79,069



8.0



98,837



10.0
%Tier 1(2)Consolidated


108,048



10.9



39,578



4.0



59,367



6.0Bank


104,478



10.6



39,538



4.0



59,306



6.0Tier 1(3)Consolidated


108,048



8.6



50,431



4.0



63,039



5.0Bank


104,478



8.3



50,351



4.0



62,939



5.0As of December 31, 2008Total capital(1)Consolidated

$
109,857



11.4
%

$
77,364



8.0
%

$
96,705



10.0
%Bank


106,824



11.1



77,269



8.0



96,586



10.0
%Tier 1(2)Consolidated


97,695



10.1



38,691



4.0



58,037



6.0Bank


94,682



9.8



38,606



4.0



57,909



6.0Tier 1(3)Consolidated


97,695



8.2



47,890



4.0



59,862



5.0Bank


94,682



7.9



47,880



4.0



59,850



5.0     (1)
    
    Ratio represents Total Risk-Based Capital to net risk-weighted
    assets.(2)
    
    Ratio represents Tier 1 capital to net risk-weighted assets.(3)
    
    Ratio represents Tier 1 capital to average assets. 64




---



##### Table of Contents



CENTRA
    FINANCIAL HOLDINGS, INC. AND SUBSIDIARIES
  Notes to
    the Consolidated Financial
    Statements  (Continued)
   13.
    Federal
    Reserve Requirements    14.
    Employee
    Benefit Plans      15.
    Stock
    Compensation Plans  10-year
 65




---



##### Table of Contents



CENTRA
    FINANCIAL HOLDINGS, INC. AND SUBSIDIARIES
  Notes to
    the Consolidated Financial
    Statements  (Continued)
    WeightedAverageWeighted


RemainingAverage


Contractual


AggregateOutstanding Shares

Shares


Exercise Price


Term  Years


Intrinsic ValueOutstanding at beginning of period


1,254,351


$
9.52Granted


231,500



16.00Exercised


218,523



7.52Forfeited


7,023



13.24Outstanding at end of period


1,260,305



11.04



5.06



11,294,454Exercisable at end of period


955,587



9.64



3.82



9,903,479           16.
    Goodwill
    And Intangible Assets      (Dollars in thousands)

2009


2008Gross carrying amount

$
6,024


$
6,024Accumulate amortization


(2,591
)


(1,851
)Net core deposit intangible

$
3,433


$
4,173    66




---



##### Table of Contents



CENTRA
    FINANCIAL HOLDINGS, INC. AND SUBSIDIARIES
  Notes to
    the Consolidated Financial
    Statements  (Continued)
   17.
    Parent
    Company Only Financial Information  Condensed
    Balance Sheet
  December 31(Dollars in Thousands)

2009


2008Assets:Cash and cash equivalents

$
2,649


$
2,158Available-for-sale
    securities, at estimated fair value (amortized cost of $389 in
    2009 and $915 in 2008)


389



643Investment in second tier bank holding companies


121,574



112,229Other assets


211



109Total assets

$
124,823


$
115,139Liabilities:Long-term debt

$
20,000


$
20,000Other liabilities


(321
)


(103
)Total liabilities


19,679



19,897Stockholders equity:Preferred stock, $1 par value, 1,000,000 authorized, none
    issued






Common stock, $1 par value, 50,000,000 authorized,7,122,525
    and 6,804,084 issued and outstanding on December 31, 2009
    and 2008 respectively


7,123



6,804Additional paid-in capital


97,320



93,887Retained earnings (deficit)


(838
)


(6,535
)Accumulated other comprehensive income


1,539



1,086Total stockholders equity


105,144



95,242Total liabilities and stockholders equity

$
124,823


$
115,139  67




---



##### Table of Contents



CENTRA
    FINANCIAL HOLDINGS, INC. AND SUBSIDIARIES
  Notes to
    the Consolidated Financial
    Statements  (Continued)
  Consolidated
    Statement of Income
  Year Ended December 31(Dollars in Thousands)

2009


2008


2007Income:Dividends from bank subsidiary

$



$
1,750


$
Interest and dividends


19



30



24Security losses


(526
)






Expense:Interest expense


575



1,094



1,494Other expenses


20



8



Income (loss) before federal income tax and equity in
    undistributed earnings of subsidiaries


(1,102
)


678



(1,470
)Applicable income tax benefit


(425
)


(503
)


(593
)Equity in undistributed income of subsidiaries


8,694



5,389



6,204Net income

$
8,017


$
6,570


$
5,327Dividends and accretion on preferred stock (TARP)


923







Net income available to common stockholders

$
7,094


$
6,570


$
5,327  68




---



##### Table of Contents



CENTRA
    FINANCIAL HOLDINGS, INC. AND SUBSIDIARIES
  Notes to
    the Consolidated Financial
    Statements  (Continued)
  Statement
    of Cash Flows
  Year Ended December 31(Dollars in Thousands)

2009


2008


2007Operating activities:Net income

$
8,017


$
6,570


$
5,327Adjustments to reconcile net income to net cashprovided by operating activities:(Decrease) Increase in accrued expenses


(218
)


(400
)


154Stock Option Expense


361



223



743Loss on securities


526







Equity in undistributed income of subsidiaries


(8,694
)


(5,389
)


(6,204
)Net cash (used in) provided by operations


(8
)


1,004



20Investing activities:Net purchases of
    available-for-sale
    securities






(89
)


(3
)Net cash used in investing activities






(89
)


(3
)Financing activities:Cash received from dividend reinvestment plan


1,293







Proceeds of stock offering


(3
)






24,240Payments for fractional shares


(8
)


(8
)


(8
)Cash dividend paid on common stock


(1,282
)


(898
)


Cash received from stock options exercised


1,685



1,688



Net proceeds from issuance of Series A and B Preferred Stock


15,000







Repayment of Series A and B Preferred Stock


(15,750
)






Cash dividends paid on preferred stock and warrants


(173
)






Investment in subsidiaries


(263
)


(257
)


(24,671
)Net cash provided by (used in) financing activities


499



525



(439
)Net change in cash


491



1,440



(422
)Cash and cash equivalents at beginning of year


2,158



718



1,140Cash and cash equivalents at end of year

$
2,649


$
2,158


$
718  69




---



##### Table of Contents



CENTRA
    FINANCIAL HOLDINGS, INC. AND SUBSIDIARIES
  Notes to
    the Consolidated Financial
    Statements  (Continued)
   18.
    Summarized
    Quarterly Information (Unaudited)    First


Second


Third


Fourth(Dollars in Thousands, Except Per Share Data)

Quarter


Quarter


Quarter


Quarter2009:Interest income

$
16,315


$
16,307


$
16,233


$
16,091Interest expense


5,836



5,698



5,270



4,908Net interest income


10,479



10,609



10,963



11,183Provision for credit losses


404



916



1,186



3,163Other income


1,540



2,271



2,030



2,036Other expenses


7,474



8,691



8,430



8,804Income tax expense


1,370



1,116



1,223



317Net income


2,771



2,157



2,154



935Dividends and accretion on Preferred Stock (TARP)


920



3







Net income available to common stockholders


1,851



2,154



2,154



935Basic earnings per share

$
0.27


$
0.31


$
0.31


$
0.13Diluted earnings per share

$
0.26


$
0.30


$
0.29


$
0.12Basic weighted average shares outstanding


6,848,841



6,916,999



6,970,533



7,043,786Diluted weighted average shares outstanding


7,242,410



7,281,880



7,327,725



7,514,2652008:Interest income

$
17,825


$
17,062


$
17,377


$
17,091Interest expense


8,169



7,319



7,395



6,516Net interest income


9,656



9,743



9,982



10,575Provision for credit losses


638



520



813



3,186Other income


1,803



1,960



2,020



2,000Other expenses


8,027



8,250



8,215



8,271Income tax expense


981



991



945



332Net income


1,813



1,942



2,029



786Dividends and accretion on Preferred Stock (TARP)














Net income available to common stockholders


1,813



1,942



2,029



786Basic earnings per share

$
0.28


$
0.30


$
0.30


$
0.12Diluted earnings per share

$
0.25


$
0.27


$
0.27


$
0.11Basic weighted average shares outstanding


6,569,032



6,579,650



6,587,614



6,652,747Diluted weighted average shares outstanding


7,126,172



7,135,838



7,120,928



7,118,402  70




---



##### Table of Contents



CENTRA
    FINANCIAL HOLDINGS, INC. AND SUBSIDIARIES
  Notes to
    the Consolidated Financial
    Statements  (Continued)
  19.
    Subsequent
    Events     71




---



##### Table of Contents



REPORT ON
    MANAGEMENTS ASSESSMENT OF INTERNAL CONTROL OVER
    FINANCIAL REPORTING
        Douglas
    J. Leech
    Chief Executive Officer
  Kevin
    D. Lemley
    Chief Financial Officer
   72




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##### Table of Contents



REPORT OF
    INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
    ON EFFECTIVENESS OF INTERNAL CONTROL OVER FINANCIAL
    REPORTING



The Board of Directors and Stockholders Centra Financial
    Holdings, Inc.



We have audited Centra Financial Holdings, Inc.s (Centra)
    internal control over financial reporting as of
    December 31, 2009, based on criteria established in
    Internal Control  Integrated Framework issued by the
    Committee of Sponsoring Organizations of the Treadway Commission
    (the COSO criteria). Centras management is responsible for
    maintaining effective internal control over financial reporting,
    and for its assessment of the effectiveness of internal control
    over financial reporting included in the accompanying Report on
    Managements Assessment of Internal Control Over Financial
    Reporting. Our responsibility is to express an opinion on the
    Centras internal control over financial reporting based on
    our audit.



We conducted our audit in accordance with the standards of the
    Public Company Accounting Oversight Board (United States). Those
    standards require that we plan and perform the audit to obtain
    reasonable assurance about whether effective internal control
    over financial reporting was maintained in all material
    respects. Our audit included obtaining an understanding of
    internal control over financial reporting, assessing the risk
    that a material weakness exists, testing and evaluating the
    design and operating effectiveness of internal control based on
    the assessed risk, and performing such other procedures as we
    considered necessary in the circumstances. We believe that our
    audit provides a reasonable basis for our opinion.



A companys internal control over financial reporting is a
    process designed to provide reasonable assurance regarding the
    reliability of financial reporting and the preparation of
    financial statements for external purposes in accordance with
    generally accepted accounting principles. A companys
    internal control over financial reporting includes those
    policies and procedures that (1) pertain to the maintenance
    of records that, in reasonable detail, accurately and fairly
    reflect the transactions and dispositions of the assets of the
    company; (2) provide reasonable assurance that transactions
    are recorded as necessary to permit preparation of financial
    statements in accordance with generally accepted accounting
    principles, and that receipts and expenditures of the company
    are being made only in accordance with authorizations of
    management and directors of the company; and (3) provide
    reasonable assurance regarding prevention or timely detection of
    unauthorized acquisition, use, or disposition of the
    companys assets that could have a material effect on the
    financial statements.



Because of its inherent limitations, internal control over
    financial reporting may not prevent or detect misstatements.
    Also, projections of any evaluation of effectiveness to future
    periods are subject to the risk that controls may become
    inadequate because of changes in conditions, or that the degree
    of compliance with the policies or procedures may deteriorate.



In our opinion, Centra Financial Holdings, Inc. maintained, in
    all material respects, effective internal control over financial
    reporting as of December 31, 2009, based on the COSO
    criteria.



We also have audited, in accordance with the standards of the
    Public Company Accounting Oversight Board (United States), the
    consolidated balance sheets of Centra Financial Holdings, Inc.
    and subsidiaries as of December 31, 2009 and 2008, and the
    related consolidated statements of income, stockholders
    equity, and cash flows for each of the three years in the period
    ended December 31, 2009 and our report dated March 10,
    2010 expressed an unqualified opinion thereon.



-s- ERNST & YOUNG LLP



Cleveland, Ohio

March 10, 2010


73




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##### Table of Contents



REPORT OF
    INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
    ON CONSOLIDATED FINANCIAL STATEMENTS
            
    74




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##### Table of Contents



PART III  ITEM 10.
    DIRECTORS,
    EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE        ITEM 11.
    EXECUTIVE
    COMPENSATION    ITEM 12.
    SECURITY
    OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND
    RELATED STOCKHOLDER MATTERS    ITEM 13.
    CERTAIN
    RELATIONSHIPS AND RELATED TRANSACTIONS, AND DIRECTOR
    INDEPENDENCE   75




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##### Table of Contents



ITEM 14.
    PRINCIPAL
    ACCOUNTING FEES AND SERVICES   PART IV  ITEM 15.
    EXHIBITS,
    FINANCIAL STATEMENT SCHEDULES  (a)
    (1)  Financial Statements:
    PageReport of Independent Registered Public
    Accounting Firm (Ernst & Young LLP)


74Consolidated Balance Sheets as of
    December 31, 2009 and 2008


41Consolidated Statements of Income for the years
    ended December 31, 2009, 2008, and 2007


42Consolidated Statements of Stockholders
    Equity for the years ended December 31, 2009, 2008, and
    2007


43Consolidated Statements of Cash Flows for the
    years ended December 31, 2009, 2008, and 2007


44Notes to the Consolidated Financial Statements


45Centra Financial Holdings Inc.: (Parent Company Only Financial
    Statements are included in Note 17 of the Notes to the
    Consolidated Financial Statements)


67    (a)
    (2) Financial Statement Schedules
    (a)
    (3) Exhibits
  Form 10-K Form 10-K.
  (b)
    Exhibits  Form 10-K
  (c)
    Financial
    Statement Schedules   76




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##### Table of Contents



SIGNATURES      By:
    /s/  Douglas
    J. Leech   President and Chief Executive Officer
    By:
    /s/  Kevin
    D. Lemley   SVP-CFO Principal Financial and
 Accounting Officer
      Signatures

Title

Date/s/  Douglas
    J. LeechDouglas
    J. Leech

President and Chief Executive Officer
    and Director

March 10, 2010/s/  C.
    Christopher ClussC.
    Christopher Cluss

Director

March 10, 2010/s/  James
    W. Dailey IIJames
    W. Dailey II

Director

March 10, 2010/s/  Arthur
    GabrielArthur
    Gabriel

Director

March 10, 2010/s/  Robert
    A. McMillanRobert
    A. McMillan

Director

March 10, 2010/s/  Michael
    A. MurrayMichael
    A. Murray

Director

March 10, 2010/s/  Mark
    R. NesselroadMark
    R. Nesselroad

Director

March 10, 2010 77




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##### Table of Contents



Signatures

Title

Date/s/  Parry
    G. PetroplusParry
    G. Petroplus

Director

March 10, 2010/s/  Milan
    PuskarMilan
    Puskar

Director

March 10, 2010/s/  Paul
    T. SwansonPaul
    T. Swanson

Director

March 10, 2010/s/  Bernard
    G. WestfallBernard
    G. Westfall

Director

March 10, 2010  78




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##### Table of Contents



CENTRA
    FINANCIAL HOLDINGS, INC. AND SUBSIDIARIES ANNUAL REPORT ON FORM 10-K
    
    for Fiscal Year Ended December 31, 2009.
  EXHIBIT INDEX ExhibitNumber

Description

Exhibit Location3
.1

Articles of Incorporation

Form S-4 Registration Statement, Registration No. 333-36186,
    filed December 23, 1999, and incorporated by reference herein.3
.2

Bylaws

Filed herewith4
.1

Shareholder Protection Rights Agreement

Form S-4 Registration Statement, Registration No. 333-36186,
    filed December 23, 1999, and incorporated by reference herein.10
.1

Centra Financial Holdings, Inc. 1999 Stock Incentive Plan dated
    as of April 27, 2000

Form 10-KSB for the year ended December 31, 2000, and
    incorporated by reference herein.10
.2

Lease agreement with Platinum Plaza, Inc.

Form S-4 Registration Statement, Registration No. 333-36186,
    filed December 23, 1999, and incorporated by reference herein.10
.3

Lease agreement with Frank and Teresa Fargo for premises
    occupied by the Williamsport Pike office

Form 10-KSB for the year ended December 31, 2001, and
    incorporated by reference herein.10
.4

Lease agreement with Columbus, LLC for premises occupied by the
    450 Foxcroft Avenue office

Form 10-KSB for the year ended December 31, 2001, and
    incorporated by reference herein.10
.5

Lease agreement with Van Wyk Enterprises, Inc. for premises
    occupied by the 300 Foxcroft Avenue office

Form 10-KSB for the year ended December 31, 2001, and
    incorporated by reference herein.10
.6

Lease agreement with Union Properties for unimproved real estate
    at the corner of West Virginia Route 857 and Venture Drive

Form 10-KSB for the year ended December 31, 2002, and
    incorporated by reference herein.10
.07

Indenture with Centra Financial Holdings, Inc. as Issuer and
    Wilmington Trust Company as Trustee

Form 10-K for the year ended December 31, 2004, and incorporated
    by reference herein.10
.08

Floating Rate Junior Subordinated Deferrable Interest Debenture

Form 10-K for the year ended December 31, 2004, and incorporated
    by reference herein.10
.09

Guarantee Agreement by and between Centra Financial Holdings,
    Inc. and Wilmington Trust Company

Form 10-K for the year ended December 31, 2004, and incorporated
    by reference herein.10
.10

Deferred compensation plan for directors

Form 10-K for the year ended December 31, 2005, and incorporated
    by reference herein.10
.11

Stock Purchase Agreement with shareholders of Smithfield State
    Bank

Form 8-K filed March 16, 2006, and incorporated by reference
    herein.10
.12

Indenture with Centra Financial Holdings, Inc. as Issuer and
    Bear Stearns as Trustee

Form 10-Q for the quarter ended June 30, 2006, and incorporated
    by reference herein.10
.13

Floating Rate Junior Subordinated Deferrable Interest Debenture

Form 10-Q for the quarter ended June 30, 2006, and incorporated
    by reference herein.10
.14

Guarantee Agreement by and between Centra Financial Holdings,
    Inc. and Bear Stearns

Form 10-Q for the quarter ended June 30, 2006, and incorporated
    by reference herein.10
.15

Executive Supplemental Retirement Plan for Douglas J. Leech
    dated April 20, 2000

Form 10-K for the year ended December 31, 2006, and incorporated
    by reference herein10
.15a

Life Insurance Method Split Dollar Plan Agreement

Form 10-K for the year ended December 31, 2006, and incorporated
    by reference herein 79




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##### Table of Contents



ExhibitNumber

Description

Exhibit Location10
.15b

Rabbi Trust for the Executive Supplemental Retirement Plan
    Agreement and the Endorsement Method Split Dollar Plan Agreement.

Form 10-K for the year ended December 31, 2006, and incorporated
    by reference herein10
.16

Executive Salary Continuation Plan for Kevin D. Lemley
    dated January 24, 2001

Form 10-K for the year ended December 31, 2006, and incorporated
    by reference herein10
.17

Executive Salary Continuation Plan for Henry M. Kayes,
    Jr. dated September 6, 2005

Form 10-K for the year ended December 31, 2006, and incorporated
    by reference herein10
.18

Executive Salary Continuation Plan for Kevin D. Lemley
    dated September 7, 2005

Form 10-K for the year ended December 31, 2006, and incorporated
    by reference herein10
.19

Executive Salary Continuation Plan for E. Richard Hilleary
    dated September 7, 2005

Form 10-K for the year ended December 31, 2006, and incorporated
    by reference herein10
.20

Executive Salary Continuation Plan for Karla J. Strosnider dated
    September 7, 2005

Form 10-K for the year ended December 31, 2006, and incorporated
    by reference herein10
.21

Employment and
    Change-of-Control
    Agreement with Kevin D. Lemley

Form 10-K for the year ended December 31, 2007, and incorporated
    by reference herein10
.22

Employment and
    Change-of-Control
    Agreement with Timothy P. Saab

Form 10-K for the year ended December 31, 2007, and incorporated
    by reference herein10
.23

Employment and
    Change-of-Control
    Agreement with E. Richard Hilleary

Form 10-K for the year ended December 31, 2007, and incorporated
    by reference herein10
.24

Employment and
    Change-of-Control
    Agreement with Henry M. Kayes, Jr.

Form 10-K for the year ended December 31, 2007, and incorporated
    by reference herein10
.25

Employment and
    Change-of-Control
    Agreement with Karla J. Strosnider

Form 10-K for the year ended December 31, 2007, and incorporated
    by reference herein10
.26

Employment and
    Change-of-Control
    Agreement with John T. Fahey

Form 10-K for the year ended December 31, 2007, and incorporated
    by reference herein10
.27

Employment Agreement of Douglas J. Leech dated January 17,
    2008

Form 10-K for the year ended December 31, 2007, and incorporated
    by reference herein10
.28

Executive Supplemental Retirement Plan for Douglas J. Leech
    dated February 23, 2008

Form 10-K for the year ended December 31, 2007, and incorporated
    by reference herein10
.29

Amendment and Restated Employee and
    Change-of-Control
    Agreement with S. Todd Eckels

Form 10-K filed October 16, 2008, and incorporated by reference
    herein.10
.30

Amendment to Executive Salary Continuation Agreement for John T.
    Fahey dated December 24, 2008

Form 10-K filed December 31, 2008, and incorporated by reference
    herein.10
.31

Amendment to Executive Salary Continuation Agreement for E.
    Richard Hilleary dated December 24, 2008

Form 10-K filed December 31, 2008, and incorporated by reference
    herein.10
.32

Amendment to Executive Salary Continuation Agreement for Henry
    M. Kayes, Jr. dated December 24, 2008

Form 10-K filed December 31, 2008, and incorporated by reference
    herein.10
.33

Amendment to Executive Salary Continuation Agreement for Timothy
    P. Saab dated December 24, 2008

Form 10-K filed December 31, 2008, and incorporated by reference
    herein.10
.34

Amendment to Executive Salary Continuation Agreement for Kevin
    D. Lemley dated December 24, 2008

Form 10-K filed December 31, 2008, and incorporated by reference
    herein. 80




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##### Table of Contents



ExhibitNumber

Description

Exhibit Location10
.35

Amendment to Executive Salary Continuation Agreement for Karla
    J. Strosnider dated December 24, 2008

Form 10-K filed December 31, 2008, and incorporated by reference
    herein.10
.36

Amendment to Executive Salary Continuation Agreement for Kevin
    D. Lemley dated December 24, 2008

Form 10-K filed December 31, 2008, and incorporated by reference
    herein.10
.37

Amendment to Executive Salary Continuation Agreement for Timothy
    P. Saab dated December 24, 2008

Form 10-K filed December 31, 2008, and incorporated by reference
    herein.10
.38

Amendment to Executive Salary Continuation Agreement for Douglas
    J. Leech, Jr. dated December 24, 2008

Form 10-K filed December 31, 2008, and incorporated by reference
    herein.10
.39

Supplemental Executive Retirement Agreement for John T. Fahey
    dated December 24, 2008

Form 10-K filed December 31, 2008, and incorporated by reference
    herein.10
.40

Supplemental Executive Retirement Agreement for Kevin D. Lemley
    dated December 24, 2008

Form 10-K filed December 31, 2008, and incorporated by reference
    herein.10
.41

Supplemental Executive Retirement Agreement for Timothy P. Saab
    dated December 24, 2008

Form 10-K filed December 31, 2008, and incorporated by reference
    herein.10
.42

Supplemental Executive Retirement Agreement for Karla J.
    Strosnider dated December 24, 2008

Form 10-K filed December 31, 2008, and incorporated by reference
    herein.10
.43

Supplemental Executive Retirement Agreement for E. Richard
    Hilleary dated December 24, 2008

Form 10-K filed December 31, 2008, and incorporated by reference
    herein.10
.44

Supplemental Executive Retirement Agreement for Henry M. Kayes,
    Jr. dated December 24, 2008

Form 10-K filed December 31, 2008, and incorporated by reference
    herein.10
.45

Amendment to Employment Agreement of Douglas J. Leech, Jr.

Form 8-K filed January 20, 2009 and incorporated by reference
    herein.10
.46

Agreement Amending Supplemental Executive Retirement Plan
    Agreement for Douglas J. Leech, Jr.

Form 8-K filed January 20, 2009 and incorporated by reference
    herein.10
.47

Amendment to Centra Bank, Inc. 2008 Executive Incentive Bonus
    Plan

Form 8-K filed January 20, 2009 and incorporated by reference
    herein.10
.48

Employment and
    Change-of-Control
    Agreement with Kevin D. Lemley

Form 8-K filed June 2, 2009 and incorporated by reference herein.10
.49

Employment and
    Change-of-Control
    Agreement with E. Richard Hilleary

Form 8-K filed June 2, 2009 and incorporated by reference herein.10
.50

Employment and
    Change-of-Control
    Agreement with Henry M. Kayes, Jr.

Form 8-K filed October 30, 2009 and incorporated by reference
    herein.12


Statement Re: Computation of Ratios

Filed herewith.14


Code of Ethics

Form 10-K for the year ended December 31, 2004, and incorporated
    by reference herein.21


Subsidiaries of Registrant

Filed herewith.23


Consent of Independent Registered Public Accounting Firm

Filed herewith.31
.1

Certification of Principal Executive Officer Pursuant to
    Section 302 of Sarbanes-Oxley Act of 2002

Filed herewith. 81




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##### Table of Contents



ExhibitNumber

Description

Exhibit Location31
.2

Certification of Principal Financial Officer Pursuant to
    Section 302 of Sarbanes-Oxley Act of 2002

Filed herewith.32
.1

Certification of Principal Executive Officer Pursuant to
    Section 906 of Sarbanes-Oxley Act of 2002

Filed herewith.32
.2

Certification of Principal Financial Officer Pursuant to
    Section 906 of Sarbanes-Oxley Act of 2002

Filed herewith.99
.1

Proxy Statement for the 2009 Annual Meeting

To be filed.99
.2

Report of Ernst & Young LLP, Independent Registered
    Public Accounting Firm

Found on page 74 herein.  82