Sturgis Bank

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

Sturgis Bank is headquartered in STURGIS and is the 20th largest bank in the state of Michigan. It is also the 1,100th largest bank in the nation. It was established in 1905 and as of June of 2023, it had grown to 187 employees at 17 locations. Sturgis Bank has an A health rating.

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Health Grade Components

FDIC Certificate #28593
Year Established1905
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.9%
Return on Equity - YTD11.67%
Annual Interest Income$19.4MM
Assets and Liabilities
AssetsQ2 2023vs Q2 2022$894.3MM$782.9MM
LoansQ2 2023vs Q2 2022$729.9MM$615.9MM
DepositsQ2 2023vs Q2 2022$796.6MM$686.6MM
Equity CapitalQ2 2023vs Q2 2022$68.7MM$65.0MM
Loan Loss AllowanceQ2 2023vs Q2 2022$9.6MM$7.3MM
Unbacked Noncurrent LoansQ2 2023vs Q2 2022$313.00K$89.00K
Real Estate OwnedQ2 2023vs Q2 2022$285.00K$240.00K

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