Sturgis Bank & Trust Company


Overview / Commentary
269-651-9345
113-125 E Chicago
Sturgis, MI 49091

Sturgis Bank & Trust Company is headquartered in Sturgis and is the 24th largest bank in the state of Michigan. It is also the 1,406th largest bank in the nation. It was established in 1905 and as of March of 2020, it had grown to 126 employees at 11 locations. Sturgis Bank & Trust Company has an A health rating.

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Health

Health Grade Components

Overall
FDIC Certificate #28593
Year Established1905
Employees126
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.28%
Return on Equity - YTD14.95%
Annual Interest Income$5.1MM
Assets and Liabilities
AssetsQ1 2020vs Q1 2019$530.4MM$441.2MM
LoansQ1 2020vs Q1 2019$362.3MM$322.1MM
DepositsQ1 2020vs Q1 2019$378.2MM$352.4MM
Equity CapitalQ1 2020vs Q1 2019$42.4MM$42.1MM
Loan Loss AllowanceQ1 2020vs Q1 2019$3.5MM$3.3MM
Unbacked Noncurrent LoansQ1 2020vs Q1 2019$971.00K$1.0MM
Real Estate OwnedQ1 2020vs Q1 2019$94.00K$237.00K
Rates
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Sturgis Bank & Trust Company Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.04%*$10k*-Personal Ultimate Savings
OTHER TIERS: 0.02% Up to $10k
0.04%*$10k*-Business Ultimate Savings
OTHER TIERS: 0.02% Up to $10k
0.02%$100-Personal Statement Savings
0.02%--Personal Holiday Savings
0.02%$100-Business Statement Savings

Sturgis Bank & Trust Company Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.20%*$100k*-Super Multiplier Personal Money Market Account
OTHER TIERS: 0.05% Up to $5k | 0.10% $5k - $25k | 0.15% $25k - $100k

Sturgis Bank & Trust Company Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.35%*$250k*-Municipalities & School Non-Personal Checking
OTHER TIERS: 0.10% Up to $25k | 0.20% $25k - $100k | 0.25% $100k - $250k
0.20%*$250k*-Civic, Church & Charitable Accounts Non-Personal Checking
OTHER TIERS: 0.02% $450 - $2.5k | 0.10% $2.5k - $100k | 0.15% $100k - $250k
0.04%--Sole Proprietorship Business Checking
0.02%$2.5k-Personal Secure Checking

Sturgis Bank & Trust Company CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.55%$5k-54 Month Best in the Market CD
0.55%$5k-Business 54 Month Best in the Market CD
0.50%$500-5 Year CD
0.50%$500-Business 5 Year CD
0.35%$500-2 Year CD
0.35%$500-4 Year CD
0.35%$500-Business 2 Year CD
0.35%$500-Business 4 Year CD
0.30%$500-3 Year CD
0.30%$500-Business 3 Year CD
0.30%$5k-11 Month Best in the Market CD
0.30%$5k-Business 11 Month Best in the Market CD
0.25%$500-1 Year CD
0.25%$500-Business 1 Year CD
0.10%$2.5k-6 Month CD
0.10%$2.5k-Business 6 Month CD
0.05%$2.5k-3 Month CD
0.05%$2.5k-Business 3 Month CD

Sturgis Bank & Trust Company IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.50%$500-5 Year IRA
0.35%$500-2 Year IRA
0.35%$500-4 Year IRA
0.30%$500-3 Year IRA
0.25%$500-1 Year IRA
0.10%$2.5k-6 Month IRA
0.05%$2.5k-3 Month IRA
Locations

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