Call reports 2014
STURGIS BANK & TRUST COMPANY — 2014
What STURGIS BANK & TRUST COMPANY reported to the FFIEC in 2014, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Total assets | 323,816,000 | 307,026,000 | 318,156,000 | 312,376,000 |
| Total loans | 238,770,000 | 242,151,000 | 240,912,000 | 241,524,000 |
| Allowance for loan losses | 3,811,000 | 3,676,000 | 3,525,000 | 3,437,000 |
| Securities available for sale | 2,468,000 | 2,515,000 | 2,554,000 | 7,044,000 |
| Securities held to maturity | 6,678,000 | 6,457,000 | 6,155,000 | 5,792,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 248,020,000 | 230,462,000 | 240,454,000 | 234,296,000 |
| Interest-bearing deposits | 204,067,000 | 185,621,000 | 188,502,000 | 182,907,000 |
| Noninterest-bearing deposits | 43,953,000 | 44,841,000 | 51,952,000 | 51,389,000 |
| Equity capital | 32,522,000 | 33,018,000 | 33,272,000 | 33,464,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Interest income | 2,935,000 | 5,927,000 | 8,898,000 | 11,852,000 |
| Interest expense | 506,000 | 1,003,000 | 1,502,000 | 1,970,000 |
| Net interest income | 2,429,000 | 4,924,000 | 7,396,000 | 9,882,000 |
| Noninterest income | 1,069,000 | 2,294,000 | 3,744,000 | 5,071,000 |
| Noninterest expense | 2,939,000 | 5,875,000 | 9,080,000 | 12,266,000 |
| Provision for loan losses | -214,000 | -195,000 | 112,000 | 104,000 |
| Pretax income | 773,000 | 1,538,000 | 1,948,000 | 2,583,000 |
| Income tax | 182,000 | 360,000 | 404,000 | 534,000 |
| Net income | 591,000 | 1,178,000 | 1,544,000 | 2,049,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Tier 1 capital | 29,325,000 | 29,821,000 | 30,087,000 | 30,292,000 |
| Total capital | 31,862,000 | 32,374,000 | 32,678,000 | 32,860,000 |
| Risk-weighted assets | 201,675,000 | 203,079,000 | 206,318,000 | 204,599,000 |