Call reports 2007
STURGIS BANK & TRUST COMPANY — 2007
What STURGIS BANK & TRUST COMPANY reported to the FFIEC in 2007, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Total assets | 334,061,000 | 328,193,000 | 351,154,000 | 347,133,000 |
| Total loans | 249,967,000 | 253,470,000 | 259,424,000 | 273,543,000 |
| Allowance for loan losses | 2,543,000 | 2,428,000 | 2,728,000 | 2,698,000 |
| Securities available for sale | 15,651,000 | 15,666,000 | 14,961,000 | 14,380,000 |
| Securities held to maturity | 5,327,000 | 4,876,000 | 4,689,000 | 4,401,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 229,315,000 | 225,503,000 | 239,164,000 | 220,566,000 |
| Interest-bearing deposits | 208,090,000 | 203,886,000 | 200,445,000 | 201,524,000 |
| Noninterest-bearing deposits | 21,225,000 | 21,617,000 | 38,719,000 | 19,042,000 |
| Equity capital | 28,474,000 | 28,343,000 | 27,673,000 | 27,781,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Interest income | 5,301,000 | 10,741,000 | 16,324,000 | 21,867,000 |
| Interest expense | 2,445,000 | 4,943,000 | 7,568,000 | 10,267,000 |
| Net interest income | 2,856,000 | 5,798,000 | 8,756,000 | 11,600,000 |
| Noninterest income | 1,152,000 | 2,403,000 | 3,596,000 | 4,710,000 |
| Noninterest expense | 2,578,000 | 5,181,000 | 7,957,000 | 10,712,000 |
| Provision for loan losses | 53,000 | 113,000 | 389,000 | 513,000 |
| Pretax income | 1,377,000 | 2,907,000 | 4,006,000 | 5,085,000 |
| Income tax | 427,000 | 908,000 | 1,240,000 | 1,588,000 |
| Net income | 950,000 | 1,999,000 | 2,766,000 | 3,497,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Tier 1 capital | 23,356,000 | 23,506,000 | 22,772,000 | 22,772,000 |
| Total capital | 25,899,000 | 25,934,000 | 25,500,000 | 25,470,000 |
| Risk-weighted assets | 232,906,000 | 230,851,000 | 233,433,000 | 233,809,000 |