Sturgis Bank is headquartered in STURGIS and is the 19th largest bank in the state of Michigan. It is also the 1,086th largest bank in the nation. It was established in 1905 and as of March of 2025, it had grown to 206 employees at 17 locations. Sturgis Bank has an A health rating.
No payable on death option for checking accounts. Major inconvenience. I had to change banks.
Overall | |
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FDIC Certificate # | 28593 |
Year Established | 1905 |
Employees | 206 |
Primary Regulator | FDIC |
Profit Margin | |
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Return on Assets - YTD | 0.77% |
Return on Equity - YTD | 10.45% |
Annual Interest Income | $12MM |
Assets and Liabilities | ||
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Assets | Q1 2025vs Q1 2024 | $958.4MM$924.7MM |
Loans | Q1 2025vs Q1 2024 | $766.5MM$747.3MM |
Deposits | Q1 2025vs Q1 2024 | $842.5MM$807.6MM |
Equity Capital | Q1 2025vs Q1 2024 | $71.5MM$66.9MM |
Loan Loss Allowance | Q1 2025vs Q1 2024 | $9.1MM$9.4MM |
Unbacked Noncurrent Loans | Q1 2025vs Q1 2024 | $2.7MM$2.2MM |
Real Estate Owned | Q1 2025vs Q1 2024 | $333K$188K |
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