Call reports 2009
STURGIS BANK & TRUST COMPANY — 2009
What STURGIS BANK & TRUST COMPANY reported to the FFIEC in 2009, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2009Q1 | 2009Q2 | 2009Q3 | 2009Q4 |
|---|---|---|---|---|
| Total assets | 397,271,000 | 390,667,000 | 374,869,000 | 369,801,000 |
| Total loans | 288,430,000 | 287,724,000 | 286,080,000 | 282,805,000 |
| Allowance for loan losses | 3,913,000 | 4,059,000 | 3,976,000 | 3,983,000 |
| Securities available for sale | 37,106,000 | 39,538,000 | 29,607,000 | 31,908,000 |
| Securities held to maturity | 9,205,000 | 8,585,000 | 8,267,000 | 7,607,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 254,941,000 | 251,714,000 | 261,013,000 | 259,152,000 |
| Interest-bearing deposits | 224,437,000 | 224,332,000 | 235,085,000 | 234,296,000 |
| Noninterest-bearing deposits | 30,504,000 | 27,382,000 | 25,928,000 | 24,856,000 |
| Equity capital | 28,067,000 | 30,369,000 | 30,547,000 | 30,314,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2009Q1 | 2009Q2 | 2009Q3 | 2009Q4 |
|---|---|---|---|---|
| Interest income | 4,715,000 | 9,000,000 | 13,385,000 | 17,465,000 |
| Interest expense | 2,053,000 | 4,024,000 | 5,841,000 | 7,416,000 |
| Net interest income | 2,662,000 | 4,976,000 | 7,544,000 | 10,049,000 |
| Noninterest income | 1,144,000 | 2,183,000 | 3,248,000 | 4,189,000 |
| Noninterest expense | 2,675,000 | 5,513,000 | 8,332,000 | 11,269,000 |
| Provision for loan losses | 1,225,000 | 1,481,000 | 1,840,000 | 2,534,000 |
| Pretax income | 1,007,000 | 1,286,000 | 1,792,000 | 1,679,000 |
| Income tax | 248,000 | 240,000 | 454,000 | 456,000 |
| Net income | 759,000 | 1,046,000 | 1,338,000 | 1,223,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2009Q1 | 2009Q2 | 2009Q3 | 2009Q4 |
|---|---|---|---|---|
| Tier 1 capital | 24,183,000 | 26,442,000 | 26,473,000 | 26,396,000 |
| Total capital | 27,301,000 | 29,554,000 | 29,566,000 | 29,465,000 |
| Risk-weighted assets | 248,630,000 | 247,961,000 | 246,569,000 | 244,573,000 |