Overview / Commentary
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 2024, it had grown to 232 employees at 19 locations. Southern Michigan Bank & Trust has an A health rating.
Health
A
Data as of Q2 2024
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 5019 |
| Year Established | 1872 |
| Employees | 232 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.79% |
| Return on Equity - YTD | 9.08% |
| Annual Interest Income | $37.2MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2024vs Q2 2023 | $1.45B$1.41B |
| Loans | Q2 2024vs Q2 2023 | $1.06B$988.2MM |
| Deposits | Q2 2024vs Q2 2023 | $1.21B$1.19B |
| Equity Capital | Q2 2024vs Q2 2023 | $128.2MM$114.9MM |
| Loan Loss Allowance | Q2 2024vs Q2 2023 | $11.9MM$11.6MM |
| Unbacked Noncurrent Loans | Q2 2024vs Q2 2023 | $933K$1.1MM |
| Real Estate Owned | Q2 2024vs Q2 2023 | $0$0 |
