Sturgis Bank is headquartered in Sturgis and is the 23rd largest bank in the state of Michigan. It is also the 1,332nd largest bank in the nation. It was established in 1905 and as of December of 2020, it had grown to 147 employees at 13 locations. Sturgis Bank has an A health rating.
Overall | |
---|---|
FDIC Certificate # | 28593 |
Year Established | 1905 |
Employees | 147 |
Primary Regulator | FDIC |
Profit Margin | |
---|---|
Return on Assets - YTD | 1.11% |
Return on Equity - YTD | 13.81% |
Annual Interest Income | $21.6MM |
Assets and Liabilities | ||
---|---|---|
Assets | Q4 2020vs Q4 2019 | $643.5MM$473.4MM |
Loans | Q4 2020vs Q4 2019 | $451.9MM$355.5MM |
Deposits | Q4 2020vs Q4 2019 | $512.7MM$353.2MM |
Equity Capital | Q4 2020vs Q4 2019 | $56.8MM$43.4MM |
Loan Loss Allowance | Q4 2020vs Q4 2019 | $6.2MM$3.5MM |
Unbacked Noncurrent Loans | Q4 2020vs Q4 2019 | $1.2MM$813.00K |
Real Estate Owned | Q4 2020vs Q4 2019 | $341.00K$193.00K |
Always verify rates and promotions with the bank or credit union. We are not Sturgis Bank; we are a rate comparison website and cannot provide official rates or promotions.
* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.
APY | MIN | MAX | ACCOUNT NAME | VIEW 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 |