Call reports 2008
STURGIS BANK & TRUST COMPANY — 2008
What STURGIS BANK & TRUST COMPANY reported to the FFIEC in 2008, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Total assets | 362,682,000 | 362,080,000 | 385,304,000 | 383,292,000 |
| Total loans | 277,243,000 | 278,781,000 | 282,760,000 | 285,282,000 |
| Allowance for loan losses | 2,759,000 | 2,828,000 | 2,860,000 | 2,838,000 |
| Securities available for sale | 19,638,000 | 15,427,000 | 41,782,000 | 41,897,000 |
| Securities held to maturity | 11,682,000 | 9,944,000 | 9,549,000 | 8,777,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 237,385,000 | 230,604,000 | 245,912,000 | 237,807,000 |
| Interest-bearing deposits | 217,652,000 | 209,102,000 | 219,704,000 | 211,807,000 |
| Noninterest-bearing deposits | 19,733,000 | 21,502,000 | 26,208,000 | 26,000,000 |
| Equity capital | 27,004,000 | 26,993,000 | 27,439,000 | 28,210,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Interest income | 5,374,000 | 10,397,000 | 15,559,000 | 20,635,000 |
| Interest expense | 2,720,000 | 5,152,000 | 7,662,000 | 10,139,000 |
| Net interest income | 2,654,000 | 5,245,000 | 7,897,000 | 10,496,000 |
| Noninterest income | 1,212,000 | 2,278,000 | 3,510,000 | 4,616,000 |
| Noninterest expense | 2,859,000 | 5,682,000 | 8,635,000 | 11,314,000 |
| Provision for loan losses | 82,000 | 231,000 | 268,000 | 489,000 |
| Pretax income | 925,000 | 1,610,000 | 2,462,000 | 3,268,000 |
| Income tax | 219,000 | 357,000 | 553,000 | 730,000 |
| Net income | 706,000 | 1,253,000 | 1,909,000 | 2,538,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 21,978,000 | 21,975,000 | 22,431,000 | 23,685,000 |
| Total capital | 24,737,000 | 24,803,000 | 25,291,000 | 26,523,000 |
| Risk-weighted assets | 241,012,000 | 244,232,000 | 242,877,000 | 240,739,000 |