Call reports 2018
STURGIS BANK & TRUST COMPANY — 2018
What STURGIS BANK & TRUST COMPANY reported to the FFIEC in 2018, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2018Q1 | 2018Q2 | 2018Q3 | 2018Q4 |
|---|---|---|---|---|
| Total assets | 444,409,000 | 428,897,000 | 447,439,000 | 431,375,000 |
| Total loans | 302,285,000 | 304,324,000 | 319,576,000 | 314,345,000 |
| Allowance for loan losses | 3,195,000 | 3,216,000 | 3,254,000 | 3,228,000 |
| Securities available for sale | 26,685,000 | 25,947,000 | 25,178,000 | 46,205,000 |
| Securities held to maturity | 35,388,000 | 35,200,000 | 35,016,000 | 5,472,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 367,709,000 | 351,282,000 | 358,551,000 | 342,621,000 |
| Interest-bearing deposits | 284,748,000 | 268,416,000 | 274,829,000 | 260,058,000 |
| Noninterest-bearing deposits | 82,961,000 | 82,866,000 | 83,722,000 | 82,563,000 |
| Equity capital | 39,742,000 | 40,580,000 | 41,773,000 | 41,521,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2018Q1 | 2018Q2 | 2018Q3 | 2018Q4 |
|---|---|---|---|---|
| Interest income | 3,958,000 | 8,261,000 | 12,746,000 | 17,353,000 |
| Interest expense | 555,000 | 1,151,000 | 1,837,000 | 2,571,000 |
| Net interest income | 3,403,000 | 7,110,000 | 10,909,000 | 14,782,000 |
| Noninterest income | 1,257,000 | 2,549,000 | 3,854,000 | 5,037,000 |
| Noninterest expense | 3,606,000 | 7,140,000 | 10,704,000 | 14,161,000 |
| Provision for loan losses | 121,000 | 139,000 | 169,000 | 161,000 |
| Pretax income | 933,000 | 2,380,000 | 3,890,000 | 5,338,000 |
| Income tax | 103,000 | 315,000 | 490,000 | 711,000 |
| Net income | 830,000 | 2,065,000 | 3,400,000 | 4,627,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2018Q1 | 2018Q2 | 2018Q3 | 2018Q4 |
|---|---|---|---|---|
| Tier 1 capital | 34,075,000 | 34,847,000 | 35,956,000 | 36,809,000 |
| Total capital | 37,270,000 | 38,063,000 | 39,210,000 | 40,037,000 |
| Risk-weighted assets | 286,803,000 | 286,956,000 | 299,639,000 | 294,145,000 |