Call reports 2010
STURGIS BANK & TRUST COMPANY — 2010
What STURGIS BANK & TRUST COMPANY reported to the FFIEC in 2010, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Total assets | 382,283,000 | 373,949,000 | 389,545,000 | 369,812,000 |
| Total loans | 281,487,000 | 278,345,000 | 276,551,000 | 270,298,000 |
| Allowance for loan losses | 4,148,000 | 5,025,000 | 5,522,000 | 6,691,000 |
| Securities available for sale | 30,360,000 | 30,145,000 | 28,518,000 | 27,669,000 |
| Securities held to maturity | 7,460,000 | 7,172,000 | 6,856,000 | 6,453,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 271,373,000 | 267,037,000 | 283,178,000 | 265,992,000 |
| Interest-bearing deposits | 242,458,000 | 236,156,000 | 249,865,000 | 236,342,000 |
| Noninterest-bearing deposits | 28,915,000 | 30,881,000 | 33,313,000 | 29,650,000 |
| Equity capital | 30,659,000 | 30,599,000 | 30,023,000 | 28,229,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Interest income | 4,017,000 | 8,025,000 | 11,994,000 | 15,913,000 |
| Interest expense | 1,488,000 | 2,892,000 | 4,284,000 | 5,543,000 |
| Net interest income | 2,529,000 | 5,133,000 | 7,710,000 | 10,370,000 |
| Noninterest income | 1,104,000 | 2,053,000 | 3,198,000 | 4,359,000 |
| Noninterest expense | 2,776,000 | 5,772,000 | 8,614,000 | 11,508,000 |
| Provision for loan losses | 590,000 | 1,746,000 | 3,583,000 | 5,384,000 |
| Pretax income | 393,000 | -206,000 | -1,163,000 | -1,029,000 |
| Income tax | 65,000 | -211,000 | -611,000 | -634,000 |
| Net income | 328,000 | 5,000 | -552,000 | -395,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Tier 1 capital | 26,763,000 | 26,179,000 | 25,563,000 | 25,628,000 |
| Total capital | 29,870,000 | 29,252,000 | 28,653,000 | 28,593,000 |
| Risk-weighted assets | 247,474,000 | 243,903,000 | 244,780,000 | 233,548,000 |