Call reports 2006
STURGIS BANK & TRUST COMPANY — 2006
What STURGIS BANK & TRUST COMPANY reported to the FFIEC in 2006, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2006Q1 | 2006Q2 | 2006Q3 | 2006Q4 |
|---|---|---|---|---|
| Total assets | 305,750,000 | 305,251,000 | 320,079,000 | 320,833,000 |
| Total loans | 235,801,000 | 239,368,000 | 241,453,000 | 244,274,000 |
| Allowance for loan losses | 2,369,000 | 2,453,000 | 2,438,000 | 2,523,000 |
| Securities available for sale | 13,987,000 | 12,986,000 | 17,399,000 | 16,703,000 |
| Securities held to maturity | 6,401,000 | 6,136,000 | 6,063,000 | 5,806,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 222,874,000 | 217,525,000 | 226,779,000 | 216,382,000 |
| Interest-bearing deposits | 204,074,000 | 196,721,000 | 197,298,000 | 195,060,000 |
| Noninterest-bearing deposits | 18,800,000 | 20,804,000 | 29,481,000 | 21,322,000 |
| Equity capital | 27,055,000 | 26,755,000 | 27,362,000 | 27,948,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2006Q1 | 2006Q2 | 2006Q3 | 2006Q4 |
|---|---|---|---|---|
| Interest income | 4,693,000 | 9,411,000 | 14,425,000 | 19,773,000 |
| Interest expense | 1,925,000 | 3,916,000 | 6,070,000 | 8,425,000 |
| Net interest income | 2,768,000 | 5,495,000 | 8,355,000 | 11,348,000 |
| Noninterest income | 935,000 | 2,018,000 | 3,153,000 | 4,205,000 |
| Noninterest expense | 2,449,000 | 4,928,000 | 7,398,000 | 10,030,000 |
| Provision for loan losses | 126,000 | 197,000 | 338,000 | 493,000 |
| Pretax income | 1,128,000 | 2,388,000 | 3,445,000 | 4,703,000 |
| Income tax | 337,000 | 714,000 | 1,028,000 | 1,413,000 |
| Net income | 791,000 | 1,674,000 | 2,417,000 | 3,290,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2006Q1 | 2006Q2 | 2006Q3 | 2006Q4 |
|---|---|---|---|---|
| Tier 1 capital | 22,091,000 | 21,826,000 | 22,234,000 | 22,903,000 |
| Total capital | 24,460,000 | 24,279,000 | 24,672,000 | 25,426,000 |
| Risk-weighted assets | 235,463,000 | 239,737,000 | 246,175,000 | 232,647,000 |