Sturgis Bank


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

Sturgis Bank is headquartered in Sturgis and is the 23rd largest bank in the state of Michigan. It is also the 1,338th largest bank in the nation. It was established in 1905 and as of June of 2020, it had grown to 130 employees at 11 locations. Sturgis Bank has a B+ health rating.

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Health
B+

Health Grade Components

Overall
FDIC Certificate #28593
Year Established1905
Employees130
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.13%
Return on Equity - YTD14.14%
Annual Interest Income$10.2MM
Assets and Liabilities
AssetsQ2 2020vs Q2 2019$617.4MM$450.0MM
LoansQ2 2020vs Q2 2019$405.7MM$331.3MM
DepositsQ2 2020vs Q2 2019$431.5MM$349.5MM
Equity CapitalQ2 2020vs Q2 2019$43.4MM$42.6MM
Loan Loss AllowanceQ2 2020vs Q2 2019$4.5MM$3.3MM
Unbacked Noncurrent LoansQ2 2020vs Q2 2019$1.1MM$794.00K
Real Estate OwnedQ2 2020vs Q2 2019$181.00K$301.00K
Rates
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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.

Sturgis Bank Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.20%*$25k*-Health Savings Accounts
OTHER TIERS: 0.04% Up to $10k | 0.10% $10k - $25k
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
0.02%$100-School Saving Account

Sturgis Bank Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.25%*$100k*-Super Multiplier Personal Money Market Account
OTHER TIERS: 0.05% Up to $5k | 0.10% $5k - $25k | 0.15% $25k - $100k
0.25%*$100k*-Corporate Multiplier Money Market Account
OTHER TIERS: 0.05% Up to $5k | 0.10% $5k - $25k | 0.15% $25k - $50k | 0.20% $50k - $100k

Sturgis Bank 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
0.25%*$100k*-Civic, Church & Charitable Accounts Non-Personal Checking
OTHER TIERS: 0.02% $450 - $2.5k | 0.10% $2.5k - $25k | 0.15% $25k - $50k | 0.20% $50k - $100k
0.04%--Sole Proprietorship Business Checking
0.02%$2.5k-Personal Secure Checking

Sturgis Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.55%$5k-54 Month CD Special
0.50%$500-5 Year CD
0.35%$500-4 Year CD
0.30%$500-3 Year CD
0.30%$5k-11 Month CD Special
0.25%$500-2 Year CD
0.20%$500-1 Year CD
0.10%$2.5k-6 Month CD
0.05%$2.5k-3 Month CD

Sturgis Bank 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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