Southern Michigan Bank & Trust

Overview / Commentary
51 West Pearl Street
Coldwater, MI 49036

Southern Michigan Bank & Trust is headquartered in COLDWATER and is the 11th largest bank in the state of Michigan. It is also the 751st largest bank in the nation. It was established in 1872 and as of June of 2023, it had grown to 237 employees at 18 locations. Southern Michigan Bank & Trust has an A health rating.

Reviews (1)

Southern Michigan Bank

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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

FDIC Certificate #5019
Year Established1872
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.97%
Return on Equity - YTD11.57%
Annual Interest Income$30.3MM
Assets and Liabilities
AssetsQ2 2023vs Q2 2022$1.41B$1.18B
LoansQ2 2023vs Q2 2022$988.2MM$780.3MM
DepositsQ2 2023vs Q2 2022$1.19B$1.04B
Equity CapitalQ2 2023vs Q2 2022$114.9MM$106.7MM
Loan Loss AllowanceQ2 2023vs Q2 2022$11.6MM$9.3MM
Unbacked Noncurrent LoansQ2 2023vs Q2 2022$1.1MM$1.2MM
Real Estate OwnedQ2 2023vs Q2 2022$0$0
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Southern Michigan Bank & Trust CD Rates

4.65%$500-13 Month CD Special - New Money
4.65%$500-27 Month CD Special - New Money


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