Sturgis Bank & Trust Company

119-125 East Chicago Road
Sturgis, MI 49091
(888) 255-7372
www.sturgisbank.com

OverView
Rates
Health
Reviews

Sturgis Bank & Trust Company is headquartered in Sturgis and is the 32^nd largest bank in the state of Michigan. It is also the 1,993^rd largest bank in the nation. It was established in 1905 and as of March of 2012, it had grown to 114 employees at 11 locations. Sturgis Bank & Trust Company has a 2-star health rating.

Report an Issue

See Rates for: Checking | Savings | Money Market | CD | IRA

Sturgis Bank & Trust Company Checking Account Rates

Apy	Min	Max	Product
0.15%	$25k	-	Municipalities & School Non-Personal Checking
0.15%	$25k	-	Sole Proprietorship Business Checking
0.10%	$25k	-	Oak Interest Personal Checking
0.10%	$25k	-	Homeowners Advantage Personal Checking
0.10%	$100k	-	Civic, Church & Charitable Accounts Non-Personal Checking

Sturgis Bank & Trust Company Savings Account Rates

Apy	Min	Max	Product
0.10%	$10k	-	Personal Ultimate Savings
0.10%	$10k	-	Business Ultimate Savings
0.05%	-	-	Personal Statement Savings
0.05%	-	-	Personal Holiday Savings
0.05%	-	-	Business Statement Savings

Sturgis Bank & Trust Company Money Market Rates

	Apy	Min	Max	Product
	0.10%	$5k	-	Super Multiplier Personal Money Market Account

Sturgis Bank & Trust Company CD Rates

Apy	Min	Max	Product
1.10%	$500	-	5 Year CD
1.10%	$500	-	Business 5 Year CD
0.90%	$500	-	4 Year CD
0.90%	$500	-	Business 4 Year CD
0.81%	$5k	-	43 Month CD
0.81%	$5k	-	Business 43 Month CD
0.70%	$500	-	3 Year CD
0.70%	$500	-	Business 3 Year CD
0.50%	$500	-	2 Year CD
0.50%	$5k	-	15 Month CD
0.50%	$5k	-	Business 15 Month CD
0.50%	$500	-	Business 2 Year CD
0.25%	$500	-	1 Year CD
0.25%	$500	-	Business 1 Year CD
0.15%	$2,500	-	6 Month CD
0.15%	$2,500	-	Business 6 Month CD
0.10%	$2,500	-	3 Month CD
0.10%	$2,500	-	Business 3 Month CD

Sturgis Bank & Trust Company IRA Rates

Apy	Min	Max	Product
1.10%	$500	-	5 Year IRA
1.10%	$500	-	5 Year Roth IRA
0.90%	$500	-	4 Year IRA
0.90%	$500	-	4 Year Roth IRA
0.81%	$5k	-	43 Month IRA
0.81%	$5k	-	43 Month Roth IRA
0.70%	$500	-	3 Year IRA
0.70%	$500	-	3 Year Roth IRA
0.50%	$5k	-	15 Month IRA
0.50%	$500	-	2 Year IRA
0.50%	$5k	-	15 Month Roth IRA
0.50%	$500	-	2 Year Roth IRA
0.30%	$100	-	18 Month Variable Rate IRA
0.30%	$100	-	18 Month Variable Rate Roth IRA
0.25%	$500	-	1 Year IRA
0.25%	$500	-	1 Year Roth IRA
0.15%	$2,500	-	6 Month IRA
0.15%	$2,500	-	6 Month Roth IRA
0.10%	$2,500	-	3 Month IRA
0.10%	$2,500	-	3 Month Roth IRA

Rates updated: 5/26/2012

Data for Q1 2012

Institution Statistics

Sturgis Bank & Trust Company
FDIC Certificate #	28593
BankRate Report	View
Year Established	1905
Employees	114
Primary Regulator	FDIC
Assets and Liabilities
Assets	$326.42 million
Loans	$252.14 million
Deposits	$245.55 million
Equity Capital	$29.55 million
Loan Loss Allowance	$5.78 million
Unbacked Noncurrent Loans	$10.70 million
Real Estate Owned	$1.79 million
Historic Data - March 2011
Assets	$379.45 million
Equity Capital	$27.89 million
Loan Loss Allowance	$6.84 million
Unbacked Noncurrent Loans	$9.52 million
Real Estate Owned	$1.57 million
Profit Margin - Quarterly
Net Interest Margin	3.63%
Return on Assets	0.69%
Return on Equity	7.57%
Interest Income	$3.24 million

Institution Health

Overall Score:

2 out of 5

Texas Ratio
The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of March 31, 2012 Sturgis Bank & Trust Company had $12.49 million in non-current loans and owned real-estate with $35.33 million in equity and loan loss allowances on hand to cover it. This gives Sturgis Bank & Trust Company a Texas Ratio of 35.34% which is below average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend
The Texas Ratio for Sturgis Bank & Trust Company held steady from 31.95% as of March 31, 2011 to 35.34% as of March 31, 2012, resulting in a negative change of 10.59%. This indicates that the balance sheet and financial strength for Sturgis Bank & Trust Company has held steady in recent periods.
Deposit Growth
In the past year, Sturgis Bank & Trust Company has decreased its total deposits by -$30.33 million, resulting in -10.99% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Sturgis Bank & Trust Company has shown is poor.
Capitalization
Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Sturgis Bank & Trust Company has $326.42 million in assets with $35.33 million in equity, resulting in a capitalization level of 10.82%, which is above average.