Sturgis Bank is headquartered in Sturgis and is the 21st largest bank in the state of Michigan. It is also the 1,253rd largest bank in the nation. It was established in 1905 and as of December of 2021, it had grown to 157 employees at 14 locations. Sturgis Bank has an A health rating.
Overall | |
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FDIC Certificate # | 28593 |
Year Established | 1905 |
Employees | 157 |
Primary Regulator | FDIC |
Profit Margin | |
---|---|
Return on Assets - YTD | 1.05% |
Return on Equity - YTD | 11.73% |
Annual Interest Income | $23.8MM |
Assets and Liabilities | ||
---|---|---|
Assets | Q4 2021vs Q4 2020 | $751.6MM$643.5MM |
Loans | Q4 2021vs Q4 2020 | $549.5MM$451.9MM |
Deposits | Q4 2021vs Q4 2020 | $584.2MM$512.7MM |
Equity Capital | Q4 2021vs Q4 2020 | $66.9MM$56.8MM |
Loan Loss Allowance | Q4 2021vs Q4 2020 | $7.0MM$6.2MM |
Unbacked Noncurrent Loans | Q4 2021vs Q4 2020 | $99.00K$1.2MM |
Real Estate Owned | Q4 2021vs Q4 2020 | $0$341.00K |
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* 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 | |
0.20% | $500 | - | 1 Year IRA | |
0.10% | $2.5k | - | 6 Month IRA | |
0.05% | $2.5k | - | 3 Month IRA |