Sturgis Bank

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

Sturgis Bank is headquartered in Sturgis and is the 21st largest bank in the state of Michigan. It is also the 1,210th largest bank in the nation. It was established in 1905 and as of June of 2022, it had grown to 173 employees at 15 locations. Sturgis Bank has an A health rating.

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Health Grade Components

FDIC Certificate #28593
Year Established1905
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.82%
Return on Equity - YTD9.73%
Annual Interest Income$12.6MM
Assets and Liabilities
AssetsQ2 2022vs Q2 2021$782.9MM$706.6MM
LoansQ2 2022vs Q2 2021$615.9MM$504.2MM
DepositsQ2 2022vs Q2 2021$686.6MM$571.6MM
Equity CapitalQ2 2022vs Q2 2021$65.0MM$63.6MM
Loan Loss AllowanceQ2 2022vs Q2 2021$7.3MM$7.0MM
Unbacked Noncurrent LoansQ2 2022vs Q2 2021$89.00K$325.00K
Real Estate OwnedQ2 2022vs Q2 2021$240.00K$210.00K

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