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.
|FDIC Certificate #||28593|
|Return on Assets - YTD||0.82%|
|Return on Equity - YTD||9.73%|
|Annual Interest Income||$12.6MM|
|Assets and Liabilities|
|Assets||Q2 2022vs Q2 2021||$782.9MM$706.6MM|
|Loans||Q2 2022vs Q2 2021||$615.9MM$504.2MM|
|Deposits||Q2 2022vs Q2 2021||$686.6MM$571.6MM|
|Equity Capital||Q2 2022vs Q2 2021||$65.0MM$63.6MM|
|Loan Loss Allowance||Q2 2022vs Q2 2021||$7.3MM$7.0MM|
|Unbacked Noncurrent Loans||Q2 2022vs Q2 2021||$89.00K$325.00K|
|Real Estate Owned||Q2 2022vs Q2 2021||$240.00K$210.00K|
Rates for Sturgis Bank are currently being reviewed.