Call reports 2019
STURGIS BANK & TRUST COMPANY — 2019
What STURGIS BANK & TRUST COMPANY reported to the FFIEC in 2019, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2019Q1 | 2019Q2 | 2019Q3 | 2019Q4 |
|---|---|---|---|---|
| Total assets | 441,207,000 | 449,967,000 | 473,075,000 | 473,438,000 |
| Total loans | 325,391,000 | 334,673,000 | 345,290,000 | 358,960,000 |
| Allowance for loan losses | 3,269,000 | 3,341,000 | 3,387,000 | 3,451,000 |
| Securities available for sale | 46,944,000 | 46,599,000 | 55,822,000 | 55,850,000 |
| Securities held to maturity | 4,984,000 | 4,714,000 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 352,385,000 | 349,472,000 | 369,988,000 | 353,216,000 |
| Interest-bearing deposits | 270,953,000 | 263,013,000 | 273,763,000 | 263,189,000 |
| Noninterest-bearing deposits | 81,432,000 | 86,459,000 | 96,225,000 | 90,027,000 |
| Equity capital | 42,120,000 | 42,615,000 | 43,182,000 | 43,385,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2019Q1 | 2019Q2 | 2019Q3 | 2019Q4 |
|---|---|---|---|---|
| Interest income | 4,612,000 | 9,479,000 | 14,499,000 | 19,509,000 |
| Interest expense | 758,000 | 1,573,000 | 2,423,000 | 3,294,000 |
| Net interest income | 3,854,000 | 7,906,000 | 12,076,000 | 16,215,000 |
| Noninterest income | 1,163,000 | 2,483,000 | 3,806,000 | 5,097,000 |
| Noninterest expense | 3,739,000 | 7,315,000 | 10,992,000 | 14,603,000 |
| Provision for loan losses | 38,000 | 113,000 | 215,000 | 283,000 |
| Pretax income | 1,197,000 | 2,962,000 | 4,679,000 | 6,426,000 |
| Income tax | 166,000 | 467,000 | 742,000 | 1,050,000 |
| Net income | 1,031,000 | 2,495,000 | 3,937,000 | 5,376,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2019Q1 | 2019Q2 | 2019Q3 | 2019Q4 |
|---|---|---|---|---|
| Tier 1 capital | 37,468,000 | 38,559,000 | 39,629,000 | 39,196,000 |
| Total capital | 40,737,000 | 41,900,000 | 43,016,000 | 42,647,000 |
| Risk-weighted assets | 302,938,000 | 311,843,000 | 322,724,000 | 336,608,000 |