Sturgis Bank


Overview / Commentary
269-651-9345
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 1,076th largest bank in the nation. It was established in 1905 and as of December of 2024, it had grown to 204 employees at 17 locations. Sturgis Bank has an A health rating.

Reviews (1)

No P.O.D. On Checking

No payable on death option for checking accounts. Major inconvenience. I had to change banks.



Health

Health Grade Components

Overall
FDIC Certificate #28593
Year Established1905
Employees204
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.46%
Return on Equity - YTD6.25%
Annual Interest Income$46.9MM
Assets and Liabilities
AssetsQ4 2024vs Q4 2023$955.6MM$918.9MM
LoansQ4 2024vs Q4 2023$772.1MM$741.7MM
DepositsQ4 2024vs Q4 2023$813.9MM$799.3MM
Equity CapitalQ4 2024vs Q4 2023$69.6MM$69.7MM
Loan Loss AllowanceQ4 2024vs Q4 2023$9.3MM$10.2MM
Unbacked Noncurrent LoansQ4 2024vs Q4 2023$2.8MM$6.4MM
Real Estate OwnedQ4 2024vs Q4 2023$152K$130K
Rates

Sorry, we do not have rate data for Sturgis Bank.

Locations

Availability

Grand Rapids Area

Interactive local rates map


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