Call reports 2004
STURGIS BANK & TRUST COMPANY — 2004
What STURGIS BANK & TRUST COMPANY reported to the FFIEC in 2004, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2004Q1 | 2004Q2 | 2004Q3 | 2004Q4 |
|---|---|---|---|---|
| Total assets | 293,432,000 | 313,405,000 | 311,599,000 | 313,125,000 |
| Total loans | 227,035,000 | 233,175,000 | 231,287,000 | 239,112,000 |
| Allowance for loan losses | 2,385,000 | 2,484,000 | 2,561,000 | 2,616,000 |
| Securities available for sale | 3,966,000 | 18,516,000 | 17,794,000 | 16,664,000 |
| Securities held to maturity | 10,773,000 | 9,699,000 | 9,177,000 | 9,171,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 212,869,000 | 206,201,000 | 215,222,000 | 212,143,000 |
| Interest-bearing deposits | 197,034,000 | 185,587,000 | 196,411,000 | 195,539,000 |
| Noninterest-bearing deposits | 15,835,000 | 20,614,000 | 18,811,000 | 16,604,000 |
| Equity capital | 27,890,000 | 26,758,000 | 27,554,000 | 26,955,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2004Q1 | 2004Q2 | 2004Q3 | 2004Q4 |
|---|---|---|---|---|
| Interest income | 3,622,000 | 7,271,000 | 11,113,000 | 15,053,000 |
| Interest expense | 1,543,000 | 3,043,000 | 4,688,000 | 6,337,000 |
| Net interest income | 2,079,000 | 4,228,000 | 6,425,000 | 8,716,000 |
| Noninterest income | 1,116,000 | 2,097,000 | 3,171,000 | 4,126,000 |
| Noninterest expense | 2,293,000 | 4,615,000 | 6,827,000 | 9,036,000 |
| Provision for loan losses | 249,000 | 449,000 | 571,000 | 812,000 |
| Pretax income | 653,000 | 1,261,000 | 2,198,000 | 2,994,000 |
| Income tax | 185,000 | 354,000 | 641,000 | 983,000 |
| Net income | 468,000 | 907,000 | 1,557,000 | 2,011,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2004Q1 | 2004Q2 | 2004Q3 | 2004Q4 |
|---|---|---|---|---|
| Tier 1 capital | 22,460,000 | 21,408,000 | 22,059,000 | 21,524,000 |
| Total capital | 24,845,000 | 23,892,000 | 24,620,000 | 24,140,000 |
| Risk-weighted assets | 218,707,000 | 227,211,000 | 227,666,000 | 232,770,000 |