Call reports 2015
STURGIS BANK & TRUST COMPANY — 2015
What STURGIS BANK & TRUST COMPANY reported to the FFIEC in 2015, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2015Q1 | 2015Q2 | 2015Q3 | 2015Q4 |
|---|---|---|---|---|
| Total assets | 330,390,000 | 353,484,000 | 362,227,000 | 368,464,000 |
| Total loans | 240,030,000 | 255,014,000 | 258,312,000 | 258,618,000 |
| Allowance for loan losses | 3,368,000 | 3,342,000 | 3,296,000 | 3,213,000 |
| Securities available for sale | 6,968,000 | 23,520,000 | 28,205,000 | 27,635,000 |
| Securities held to maturity | 2,304,000 | 2,153,000 | 9,520,000 | 19,245,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 251,597,000 | 273,581,000 | 277,999,000 | 284,065,000 |
| Interest-bearing deposits | 198,357,000 | 213,679,000 | 210,251,000 | 218,998,000 |
| Noninterest-bearing deposits | 53,240,000 | 59,902,000 | 67,748,000 | 65,067,000 |
| Equity capital | 33,694,000 | 34,101,000 | 34,507,000 | 35,260,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2015Q1 | 2015Q2 | 2015Q3 | 2015Q4 |
|---|---|---|---|---|
| Interest income | 2,876,000 | 6,017,000 | 9,318,000 | 12,733,000 |
| Interest expense | 442,000 | 903,000 | 1,362,000 | 1,776,000 |
| Net interest income | 2,434,000 | 5,114,000 | 7,956,000 | 10,957,000 |
| Noninterest income | 1,366,000 | 3,233,000 | 4,589,000 | 5,923,000 |
| Noninterest expense | 3,299,000 | 7,025,000 | 10,450,000 | 13,882,000 |
| Provision for loan losses | -85,000 | 28,000 | -4,000 | -219,000 |
| Pretax income | 586,000 | 1,289,000 | 2,094,000 | 3,215,000 |
| Income tax | 139,000 | 80,000 | 289,000 | 551,000 |
| Net income | 447,000 | 1,209,000 | 1,805,000 | 2,664,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2015Q1 | 2015Q2 | 2015Q3 | 2015Q4 |
|---|---|---|---|---|
| Tier 1 capital | 29,998,000 | 29,333,000 | 29,871,000 | 31,165,000 |
| Total capital | 32,618,000 | 32,143,000 | 32,743,000 | 34,046,000 |
| Risk-weighted assets | 205,602,000 | 224,273,000 | 229,202,000 | 230,110,000 |