Call reports 2005
STURGIS BANK & TRUST COMPANY — 2005
What STURGIS BANK & TRUST COMPANY reported to the FFIEC in 2005, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2005Q1 | 2005Q2 | 2005Q3 | 2005Q4 |
|---|---|---|---|---|
| Total assets | 313,886,000 | 310,801,000 | 316,304,000 | 307,219,000 |
| Total loans | 234,978,000 | 237,685,000 | 240,077,000 | 239,037,000 |
| Allowance for loan losses | 2,326,000 | 2,311,000 | 2,412,000 | 2,287,000 |
| Securities available for sale | 15,422,000 | 17,499,000 | 15,840,000 | 14,810,000 |
| Securities held to maturity | 8,962,000 | 8,674,000 | 7,356,000 | 6,563,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 225,966,000 | 212,396,000 | 218,803,000 | 213,631,000 |
| Interest-bearing deposits | 203,130,000 | 192,577,000 | 198,108,000 | 195,007,000 |
| Noninterest-bearing deposits | 22,836,000 | 19,819,000 | 20,695,000 | 18,624,000 |
| Equity capital | 27,473,000 | 26,620,000 | 26,751,000 | 26,933,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2005Q1 | 2005Q2 | 2005Q3 | 2005Q4 |
|---|---|---|---|---|
| Interest income | 4,016,000 | 8,244,000 | 12,558,000 | 17,062,000 |
| Interest expense | 1,658,000 | 3,411,000 | 5,274,000 | 7,182,000 |
| Net interest income | 2,358,000 | 4,833,000 | 7,284,000 | 9,880,000 |
| Noninterest income | 953,000 | 2,040,000 | 3,176,000 | 4,222,000 |
| Noninterest expense | 2,352,000 | 4,718,000 | 7,121,000 | 9,580,000 |
| Provision for loan losses | 0 | 79,000 | 210,000 | 371,000 |
| Pretax income | 959,000 | 2,076,000 | 3,129,000 | 4,151,000 |
| Income tax | 284,000 | 621,000 | 933,000 | 1,247,000 |
| Net income | 675,000 | 1,455,000 | 2,196,000 | 2,904,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2005Q1 | 2005Q2 | 2005Q3 | 2005Q4 |
|---|---|---|---|---|
| Tier 1 capital | 22,205,000 | 21,289,000 | 21,524,000 | 21,899,000 |
| Total capital | 24,531,000 | 23,600,000 | 23,936,000 | 24,186,000 |
| Risk-weighted assets | 231,288,000 | 232,446,000 | 235,709,000 | 236,653,000 |