Southern Michigan Bank & Trust is headquartered in Coldwater and is the 16th largest bank in the state of Michigan. It is also the 1,130th largest bank in the nation. It was established in 1872 and as of December of 2016, it had grown to 177 employees at 17 locations. Southern Michigan Bank & Trust has an A+ health rating.
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.
|FDIC Certificate #||5019|
|Return on Assets - YTD||1%|
|Return on Equity - YTD||8.42%|
|Annual Interest Income||$22.0MM|
|Assets and Liabilities|
|Assets||Q4 2016vs Q4 2015||$639.5MM$581.7MM|
|Loans||Q4 2016vs Q4 2015||$445.1MM$417.0MM|
|Deposits||Q4 2016vs Q4 2015||$536.7MM$478.2MM|
|Equity Capital||Q4 2016vs Q4 2015||$72.5MM$70.9MM|
|Loan Loss Allowance||Q4 2016vs Q4 2015||$4.8MM$5.3MM|
|Unbacked Noncurrent Loans||Q4 2016vs Q4 2015||$1.3MM$2.8MM|
|Real Estate Owned||Q4 2016vs Q4 2015||$308.00K$1.0MM|
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