Southern Michigan Bank & Trust


Overview / Commentary
517-279-5500
51 West Pearl Street
Coldwater, MI 49036

Southern Michigan Bank & Trust is headquartered in Coldwater and is the 12th largest bank in the state of Michigan. It is also the 861st largest bank in the nation. It was established in 1872 and as of June of 2022, it had grown to 208 employees at 17 locations. Southern Michigan Bank & Trust has an A health rating.

Reviews (1)

Southern Michigan Bank

Posted by: |

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

Health Grade Components

Overall
FDIC Certificate #5019
Year Established1872
Employees208
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.13%
Return on Equity - YTD11.89%
Annual Interest Income$19.4MM
Assets and Liabilities
AssetsQ2 2022vs Q2 2021$1.18B$1.12B
LoansQ2 2022vs Q2 2021$780.3MM$694.2MM
DepositsQ2 2022vs Q2 2021$1.04B$953.5MM
Equity CapitalQ2 2022vs Q2 2021$106.7MM$118.0MM
Loan Loss AllowanceQ2 2022vs Q2 2021$9.3MM$8.2MM
Unbacked Noncurrent LoansQ2 2022vs Q2 2021$1.2MM$1.5MM
Real Estate OwnedQ2 2022vs Q2 2021$0$0
Rates

Sorry, we do not have rate data for Southern Michigan Bank & Trust.

Locations

Availability



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