Call reports 2017
STURGIS BANK & TRUST COMPANY — 2017
What STURGIS BANK & TRUST COMPANY reported to the FFIEC in 2017, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2017Q1 | 2017Q2 | 2017Q3 | 2017Q4 |
|---|---|---|---|---|
| Total assets | 401,603,000 | 406,293,000 | 404,526,000 | 414,241,000 |
| Total loans | 266,327,000 | 269,384,000 | 281,396,000 | 284,775,000 |
| Allowance for loan losses | 3,178,000 | 3,096,000 | 3,108,000 | 3,072,000 |
| Securities available for sale | 31,570,000 | 30,289,000 | 29,033,000 | 25,313,000 |
| Securities held to maturity | 35,309,000 | 35,078,000 | 35,504,000 | 35,578,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 311,591,000 | 305,640,000 | 300,789,000 | 337,158,000 |
| Interest-bearing deposits | 247,907,000 | 229,612,000 | 225,526,000 | 255,473,000 |
| Noninterest-bearing deposits | 63,684,000 | 76,028,000 | 75,263,000 | 81,685,000 |
| Equity capital | 37,211,000 | 37,744,000 | 38,177,000 | 39,001,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2017Q1 | 2017Q2 | 2017Q3 | 2017Q4 |
|---|---|---|---|---|
| Interest income | 3,709,000 | 7,397,000 | 11,200,000 | 15,113,000 |
| Interest expense | 444,000 | 906,000 | 1,427,000 | 1,947,000 |
| Net interest income | 3,265,000 | 6,491,000 | 9,773,000 | 13,166,000 |
| Noninterest income | 1,044,000 | 2,692,000 | 3,992,000 | 5,223,000 |
| Noninterest expense | 3,547,000 | 7,205,000 | 10,693,000 | 14,505,000 |
| Provision for loan losses | -135,000 | -241,000 | -182,000 | -213,000 |
| Pretax income | 897,000 | 2,219,000 | 3,234,000 | 3,657,000 |
| Income tax | 174,000 | 489,000 | 705,000 | 242,000 |
| Net income | 723,000 | 1,730,000 | 2,529,000 | 3,415,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2017Q1 | 2017Q2 | 2017Q3 | 2017Q4 |
|---|---|---|---|---|
| Tier 1 capital | 32,615,000 | 33,368,000 | 33,871,000 | 33,692,000 |
| Total capital | 35,736,000 | 36,464,000 | 36,979,000 | 36,764,000 |
| Risk-weighted assets | 249,541,000 | 252,892,000 | 262,358,000 | 268,526,000 |