Call reports 2021
STURGIS BANK & TRUST COMPANY — 2021
What STURGIS BANK & TRUST COMPANY reported to the FFIEC in 2021, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Total assets | 708,803,000 | 706,587,000 | 718,879,000 | 751,558,000 |
| Total loans | 495,089,000 | 511,257,000 | 525,917,000 | 556,514,000 |
| Allowance for loan losses | 6,616,000 | 7,016,000 | 7,097,000 | 7,031,000 |
| Securities available for sale | 96,230,000 | 92,549,000 | 88,099,000 | 83,134,000 |
| Securities held to maturity | 0 | 0 | 24,954,000 | 24,347,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 563,284,000 | 571,644,000 | 582,911,000 | 584,231,000 |
| Interest-bearing deposits | 423,672,000 | 427,215,000 | 433,740,000 | 438,690,000 |
| Noninterest-bearing deposits | 139,612,000 | 144,429,000 | 149,171,000 | 145,541,000 |
| Equity capital | 61,774,000 | 63,632,000 | 65,222,000 | 66,891,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Interest income | 5,187,000 | 10,987,000 | 17,883,000 | 23,819,000 |
| Interest expense | 835,000 | 1,671,000 | 2,492,000 | 3,286,000 |
| Net interest income | 4,352,000 | 9,316,000 | 15,391,000 | 20,533,000 |
| Noninterest income | 2,886,000 | 4,893,000 | 6,553,000 | 9,506,000 |
| Noninterest expense | 4,636,000 | 9,243,000 | 14,385,000 | 19,981,000 |
| Provision for loan losses | 636,000 | 993,000 | 1,074,000 | 1,074,000 |
| Pretax income | 1,966,000 | 3,973,000 | 6,485,000 | 8,984,000 |
| Income tax | 346,000 | 706,000 | 1,135,000 | 1,606,000 |
| Net income | 1,620,000 | 3,267,000 | 5,350,000 | 7,378,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Tier 1 capital | 58,622,000 | 60,294,000 | 62,400,000 | 63,953,000 |