Call reports 2011
STURGIS BANK & TRUST COMPANY — 2011
What STURGIS BANK & TRUST COMPANY reported to the FFIEC in 2011, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2011Q1 | 2011Q2 | 2011Q3 | 2011Q4 |
|---|---|---|---|---|
| Total assets | 379,451,000 | 360,233,000 | 339,751,000 | 314,319,000 |
| Total loans | 266,630,000 | 265,833,000 | 259,842,000 | 258,862,000 |
| Allowance for loan losses | 6,839,000 | 6,644,000 | 6,370,000 | 5,875,000 |
| Securities available for sale | 28,522,000 | 29,392,000 | 265,000 | 265,000 |
| Securities held to maturity | 6,145,000 | 5,946,000 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 275,883,000 | 256,806,000 | 259,910,000 | 234,641,000 |
| Interest-bearing deposits | 242,329,000 | 224,921,000 | 223,163,000 | 200,957,000 |
| Noninterest-bearing deposits | 33,554,000 | 31,885,000 | 36,747,000 | 33,684,000 |
| Equity capital | 27,889,000 | 27,288,000 | 28,470,000 | 29,025,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2011Q1 | 2011Q2 | 2011Q3 | 2011Q4 |
|---|---|---|---|---|
| Interest income | 3,608,000 | 7,111,000 | 10,627,000 | 13,948,000 |
| Interest expense | 1,098,000 | 2,117,000 | 3,053,000 | 3,867,000 |
| Net interest income | 2,510,000 | 4,994,000 | 7,574,000 | 10,081,000 |
| Noninterest income | 1,018,000 | 1,938,000 | 2,930,000 | 3,845,000 |
| Noninterest expense | 2,813,000 | 6,324,000 | 9,378,000 | 12,138,000 |
| Provision for loan losses | 882,000 | 1,855,000 | 1,699,000 | 1,608,000 |
| Pretax income | -167,000 | -1,247,000 | -37,000 | 716,000 |
| Income tax | -74,000 | -462,000 | -60,000 | 141,000 |
| Net income | -93,000 | -785,000 | 23,000 | 575,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2011Q1 | 2011Q2 | 2011Q3 | 2011Q4 |
|---|---|---|---|---|
| Tier 1 capital | 25,373,000 | 24,121,000 | 24,849,000 | 25,439,000 |
| Total capital | 28,372,000 | 27,109,000 | 27,733,000 | 28,321,000 |
| Risk-weighted assets | 236,013,000 | 235,373,000 | 227,153,000 | 227,482,000 |