Southern Michigan Bank & Trust
Southern Michigan Bank & Trust is headquartered in Coldwater and is the 15th largest bank in the state of Michigan. It is also the 1,037th largest bank in the nation. It was established in 1872 and as of December of 2018, it had grown to 187 employees at 16 locations. Southern Michigan Bank & Trust has an A+ health rating.
Southern Michigan Bank
I utilize this bank for my disabled sons checking and savings account, they always provide the best customer service. They greet us by name and always show infinite patience as he is very particular with his money. They are always willing to take the extra time and help him. We use their online site to pay most of our bills and I have had no problems accessing or using the site. It is well laid out and is easy to customize. Their ATMs are state of the art and convenient. Their fees are a little high but not out of the ordinary.
Health Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 5019 |
| Year Established | 1872 |
| Employees | 187 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.17% |
| Return on Equity - YTD | 10.4% |
| Annual Interest Income | $29.7MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2018vs Q4 2017 | $735.9MM$710.1MM |
| Loans | Q4 2018vs Q4 2017 | $526.9MM$519.0MM |
| Deposits | Q4 2018vs Q4 2017 | $606.7MM$578.5MM |
| Equity Capital | Q4 2018vs Q4 2017 | $85.3MM$80.5MM |
| Loan Loss Allowance | Q4 2018vs Q4 2017 | $5.1MM$5.0MM |
| Unbacked Noncurrent Loans | Q4 2018vs Q4 2017 | $1.6MM$987.00K |
| Real Estate Owned | Q4 2018vs Q4 2017 | $99.00K$84.00K |
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