Call reports 2025
SOUTHERN MICHIGAN BANK & TRUST — 2025
What SOUTHERN MICHIGAN BANK & TRUST reported to the FFIEC in 2025, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2025Q1 | 2025Q2 | 2025Q3 | 2025Q4 |
|---|---|---|---|---|
| Total assets | 1,561,839,000 | 1,570,166,000 | 1,664,450,000 | 1,690,396,000 |
| Total loans | 1,138,427,000 | 1,193,565,000 | 1,229,344,000 | 1,273,622,000 |
| Allowance for loan losses | 12,780,000 | 13,224,000 | 14,410,000 | 15,553,000 |
| Securities available for sale | 163,551,000 | 160,961,000 | 156,020,000 | 156,220,000 |
| Securities held to maturity | 59,703,000 | 68,398,000 | 63,702,000 | 62,471,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 1,322,577,000 | 1,310,703,000 | 1,401,424,000 | 1,423,232,000 |
| Interest-bearing deposits | 1,089,827,000 | 1,070,746,000 | 1,169,263,000 | 1,193,012,000 |
| Noninterest-bearing deposits | 232,750,000 | 239,957,000 | 232,161,000 | 230,220,000 |
| Equity capital | 137,243,000 | 140,887,000 | 145,798,000 | 149,950,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2025Q1 | 2025Q2 | 2025Q3 | 2025Q4 |
|---|---|---|---|---|
| Interest income | 19,500,000 | 40,439,000 | 61,709,000 | 83,398,000 |
| Interest expense | 8,197,000 | 16,660,000 | 25,451,000 | 34,358,000 |
| Net interest income | 11,303,000 | 23,779,000 | 36,258,000 | 49,040,000 |
| Noninterest income | 2,354,000 | 4,698,000 | 7,295,000 | 9,888,000 |
| Noninterest expense | 9,161,000 | 18,841,000 | 28,466,000 | 38,447,000 |
| Provision for loan losses | 0 | 457,000 | 1,657,000 | 2,824,000 |
| Pretax income | 4,332,000 | 8,972,000 | 13,223,000 | 17,285,000 |
| Income tax | 760,000 | 1,540,000 | 2,198,000 | 2,784,000 |
| Net income | 3,572,000 | 7,432,000 | 11,025,000 | 14,501,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2025Q1 | 2025Q2 | 2025Q3 | 2025Q4 |
|---|---|---|---|---|
| Tier 1 capital | 138,129,000 | 141,259,000 | 144,121,000 | 146,865,000 |
| Total capital | 151,401,000 | 155,018,000 | 159,066,000 | 163,118,000 |
| Risk-weighted assets | 1,217,608,000 | 1,267,792,000 | 1,280,324,000 | 1,334,292,000 |