Call reports 2020
STURGIS BANK & TRUST COMPANY — 2020
What STURGIS BANK & TRUST COMPANY reported to the FFIEC in 2020, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Total assets | 530,388,000 | 617,372,000 | 604,674,000 | 643,517,000 |
| Total loans | 365,833,000 | 410,210,000 | 456,456,000 | 458,154,000 |
| Allowance for loan losses | 3,539,000 | 4,514,000 | 5,424,000 | 6,231,000 |
| Securities available for sale | 57,387,000 | 79,107,000 | 76,131,000 | 73,072,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 378,169,000 | 431,521,000 | 486,599,000 | 512,688,000 |
| Interest-bearing deposits | 288,125,000 | 312,203,000 | 366,368,000 | 383,464,000 |
| Noninterest-bearing deposits | 90,044,000 | 119,318,000 | 120,231,000 | 129,224,000 |
| Equity capital | 42,376,000 | 43,430,000 | 44,971,000 | 56,840,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Interest income | 5,087,000 | 10,218,000 | 15,787,000 | 21,567,000 |
| Interest expense | 902,000 | 1,829,000 | 2,725,000 | 3,576,000 |
| Net interest income | 4,185,000 | 8,389,000 | 13,062,000 | 17,991,000 |
| Noninterest income | 1,802,000 | 3,880,000 | 6,438,000 | 8,943,000 |
| Noninterest expense | 3,912,000 | 7,646,000 | 11,880,000 | 16,459,000 |
| Provision for loan losses | 152,000 | 1,125,000 | 2,072,000 | 2,897,000 |
| Pretax income | 1,923,000 | 3,655,000 | 5,705,000 | 7,735,000 |
| Income tax | 320,000 | 611,000 | 976,000 | 1,353,000 |
| Net income | 1,603,000 | 3,044,000 | 4,729,000 | 6,382,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Tier 1 capital | 40,326,000 | 41,442,000 | 42,752,000 | 53,977,000 |
| Total capital | 43,865,000 | 45,956,000 | 47,580,000 | — |
| Risk-weighted assets | 350,439,000 | 364,497,000 | 385,612,000 | — |