Call reports 2016
STURGIS BANK & TRUST COMPANY — 2016
What STURGIS BANK & TRUST COMPANY reported to the FFIEC in 2016, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Total assets | 377,684,000 | 382,854,000 | 407,378,000 | 398,464,000 |
| Total loans | 262,559,000 | 267,915,000 | 267,508,000 | 271,202,000 |
| Allowance for loan losses | 3,238,000 | 3,291,000 | 3,275,000 | 3,242,000 |
| Securities available for sale | 27,225,000 | 27,349,000 | 29,986,000 | 32,387,000 |
| Securities held to maturity | 21,569,000 | 24,458,000 | 31,510,000 | 33,769,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 299,660,000 | 299,268,000 | 316,634,000 | 297,856,000 |
| Interest-bearing deposits | 232,008,000 | 229,329,000 | 247,880,000 | 232,312,000 |
| Noninterest-bearing deposits | 67,652,000 | 69,939,000 | 68,754,000 | 65,544,000 |
| Equity capital | 35,360,000 | 35,819,000 | 36,068,000 | 36,880,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Interest income | 3,424,000 | 6,928,000 | 10,609,000 | 14,245,000 |
| Interest expense | 416,000 | 833,000 | 1,271,000 | 1,720,000 |
| Net interest income | 3,008,000 | 6,095,000 | 9,338,000 | 12,525,000 |
| Noninterest income | 1,204,000 | 2,517,000 | 3,824,000 | 5,041,000 |
| Noninterest expense | 3,314,000 | 6,641,000 | 10,188,000 | 13,595,000 |
| Provision for loan losses | 94,000 | 182,000 | 284,000 | 357,000 |
| Pretax income | 805,000 | 1,790,000 | 2,691,000 | 3,615,000 |
| Income tax | 167,000 | 385,000 | 575,000 | 757,000 |
| Net income | 638,000 | 1,405,000 | 2,116,000 | 2,858,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Tier 1 capital | 31,431,000 | 31,913,000 | 32,060,000 | 32,434,000 |
| Total capital | 34,382,000 | 34,942,000 | 35,179,000 | 35,595,000 |
| Risk-weighted assets | 235,810,000 | 242,022,000 | 249,329,000 | 252,725,000 |