UNITED STATES


SECURITIES AND EXCHANGE COMMISSION


Washington, D.C. 20549


FORM 10-K/A


(Amendment No. 1)


ANNUAL REPORT PURSUANT TO SECTION 13 OF


THE SECURITIES EXCHANGE ACT OF 1934





For the fiscal year ended December 31, 2016


Commission File Number: 0-28846


Centrue Financial Corporation


( Exact name of Registrant as specified in its charter )


Delaware36-3145350(State or other jurisdiction of incorporation or organization)(I.R.S. Employer Identification number)


122 W. Madison Street, Ottawa, IL 61350


(Address of principal executive offices including zip code)


(815) 431-8400


(Registrant's telephone number, including area code)


Securities registered pursuant to Section 12(g) of the Act:


Title of Exchange ClassName of Each Exchange which RegisteredCommon Stock ($0.01 par value)The NASDAQ Capital Market


Securities registered pursuant to Section 12(b) of the Act: None


Indicate by check mark if the registrant is a well-known seasoned issuer as defined in Rule 403 of the Securities Act.   Yes [   ] No [ ü ]





Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15 (d) of the Exchange Act.   Yes [   ] No [ ü ]





Indicate by check mark whether the Registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the Registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.  Yes [ ü ] No [   ]





Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).      Yes [ ü ]     No [   ]





Indicate by check mark if disclosure of delinquent filers pursuant to Item 405 of Regulation S-K (§ 229.405 of this chapter) is not contained herein, and will not be contained, to the best of registrant's knowledge, in definitive proxy or information statements incorporated by reference in Part III of this Form 10-K or any amendment to this Form 10-K. [   ]










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Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company.  See the definitions of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act.


Large accelerated filer[    ]Accelerated filer[    ]Non-accelerated filer[    ]Smaller reporting company[ü]


Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes [   ] No [ ü ]


As of February 28, 2017 , 6,513,694 shares of the Registrant's Common Stock was issued and outstanding.  The aggregate market value of the voting stock held by non-affiliates of the Registrant as of June 30, 2016, the last business day of the Registrant’s most recently completed second quarter, was $61,492,150.


As used in this report, the terms “we,” “us,” “our,” “Centrue” and the “Company” mean Centrue Financial Corporation and its subsidiary, unless the context indicates another meaning, and the term “Common Stock” means our common stock, par value $0.01 per share.










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EXPLANATORY NOTE





This Amendment No. 1 on Form 10-K/A (the “Form 10-K/A Amendment 1”) is being filed to amend and restate Item 9A Controls and Procedures of Part II of our annual report on Form 10-K for the fiscal year ended December 31, 2016 filed on March 2, 2017 (the “Form 10-K”) in order to include management’s assessment of internal control over financial reporting, which was inadvertently omitted from the original Form 10-K.





Except as set forth above, this Form 10-K/A does not modify, amend or update in any way any other items or disclosure in the Form 10-K.  This Form 10-K/A continues to speak as of the date of the original Form 10-K and other than as specifically reflected in this Form 10-K/A does not reflect events occurring after the filing of the original Form 10-K.








GENERAL INDEX





PageNumberPART IIItem 9A.Controls and Procedures1PART IVItem 15.Exhibits and Financial Statement Schedules2SIGNATURES2






















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ITEM 9A. CONTROLS AND PROCEDURES





(a)    Evaluation of disclosure controls and procedures


An evaluation was performed under the supervision and with the participation of the Company’s management, including the Chief Executive Officer and Chief Financial Officer, of the effectiveness of the design and operation of the Company’s disclosure controls and procedures (as defined in Rule 13a-15(e) promulgated under the Securities and Exchange Act of 1934, as amended) as of December 31, 2016. Based on that evaluation, the Company’s management, including the Chief Executive Officer and Chief Financial Officer, concluded that the Company’s disclosure controls and procedures were effective.


(b)    Management’s Report on Internal Control over Financial Reporting


Management of the Company is responsible for establishing and maintaining adequate internal control over financial reporting. Our system of internal control is designed under the supervision of management, including our Chief Executive Officer and Chief Financial Officer, to provide reasonable assurance regarding the reliability of our financial reporting and the preparation of the Company’s financial statements for external reporting purposes in accordance with U.S. generally accepted accounting principles (“GAAP”).





Our internal control over financial reporting includes policies and procedures that pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect transactions and dispositions of assets, provide reasonable assurances that transactions are recorded as necessary to permit preparation of financial statements in accordance with GAAP, and that receipts and expenditures are made only in accordance with the authorization of management and the Boards of Directors of the Company and 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 our financial statements.





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





As of December 31, 2016, management assessed the effectiveness of the Company’s internal control over financial reporting based upon the framework established in 2013 Internal Control - Integrated Framework issued by the Committee of Sponsoring Organizations of the Treadway Commission (COSO). Based upon its assessment, management believes that the Company’s internal control over financial reporting as of December 31, 2016 is effective using these criteria.





This annual report does not include an attestation report of the Company’s registered public accounting firm regarding internal control over financial reporting.  Because we qualify as an emerging growth company under the Jumpstart Our Business Startups Act (JOBS Act), management's report was not subject to attestation by our independent registered public accounting firm.





(c)    Changes in internal controls


There were no significant changes made in our internal control over financial reporting during the Company’s fourth quarter of the year ended December 31, 2016 that has materially affected, or is reasonably likely to materially affect, the Company’s internal control over financial reporting.





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ITEM 15. EXHIBITS AND FINANCIAL STATEMENT SCHEDULES.





None








SIGNATURES





Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized in the City of Ottawa, State of Illinois on March 24, 2017.


CENTRUE FINANCIAL CORPORATIONBy:/s/ Kurt R. StevensonKurt R. StevensonPresident and Chief Executive Officer(Duly Authorized Representative)











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