Sturgis Bank is headquartered in Sturgis and is the 21st largest bank in the state of Michigan. It is also the 1,189th largest bank in the nation. It was established in 1905 and as of March of 2022, it had grown to 165 employees at 14 locations. Sturgis Bank has an A health rating.
Overall | |
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FDIC Certificate # | 28593 |
Year Established | 1905 |
Employees | 165 |
Primary Regulator | FDIC |
Profit Margin | |
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Return on Assets - YTD | 0.76% |
Return on Equity - YTD | 8.86% |
Annual Interest Income | $6.0MM |
Assets and Liabilities | ||
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Assets | Q1 2022vs Q1 2021 | $804.1MM$708.8MM |
Loans | Q1 2022vs Q1 2021 | $581.2MM$488.5MM |
Deposits | Q1 2022vs Q1 2021 | $670.3MM$563.3MM |
Equity Capital | Q1 2022vs Q1 2021 | $65.8MM$61.8MM |
Loan Loss Allowance | Q1 2022vs Q1 2021 | $7.1MM$6.6MM |
Unbacked Noncurrent Loans | Q1 2022vs Q1 2021 | $0$436.00K |
Real Estate Owned | Q1 2022vs Q1 2021 | $0$210.00K |
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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 | |
0.25% | $500 | - | 1 Year IRA | |
0.10% | $2.5k | - | 6 Month IRA | |
0.05% | $2.5k | - | 3 Month IRA |