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 771st largest bank in the nation. It was established in 1872 and as of December of 2023, it had grown to 231 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 - YTD0.93%
Return on Equity - YTD11.03%
Annual Interest Income$65.5MM
Assets and Liabilities
AssetsQ4 2023vs Q4 2022$1.41B$1.27B
LoansQ4 2023vs Q4 2022$1.02B$877MM
DepositsQ4 2023vs Q4 2022$1.16B$1.1B
Equity CapitalQ4 2023vs Q4 2022$123.4MM$108.4MM
Loan Loss AllowanceQ4 2023vs Q4 2022$11.7MM$9.6MM
Unbacked Noncurrent LoansQ4 2023vs Q4 2022$889K$1MM
Real Estate OwnedQ4 2023vs Q4 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
4.20%$500-54 Month CD Special


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