Southern Michigan Bank & Trust

Overview / Commentary
51 West Pearl Street
Coldwater, MI 49036

Southern Michigan Bank & Trust is headquartered in Coldwater and is the 14th largest bank in the state of Michigan. It is also the 897th largest bank in the nation. It was established in 1872 and as of June of 2021, it had grown to 196 employees at 16 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 Grade Components

FDIC Certificate #5019
Year Established1872
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.21%
Return on Equity - YTD12.2%
Annual Interest Income$17.6MM
Assets and Liabilities
AssetsQ2 2021vs Q2 2020$1.12B$911.2MM
LoansQ2 2021vs Q2 2020$694.2MM$628.9MM
DepositsQ2 2021vs Q2 2020$953.5MM$768.2MM
Equity CapitalQ2 2021vs Q2 2020$118.0MM$95.4MM
Loan Loss AllowanceQ2 2021vs Q2 2020$8.2MM$6.9MM
Unbacked Noncurrent LoansQ2 2021vs Q2 2020$1.5MM$834.00K
Real Estate OwnedQ2 2021vs Q2 2020$0$25.00K

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