Call reports 2022
STURGIS BANK & TRUST COMPANY — 2022
What STURGIS BANK & TRUST COMPANY reported to the FFIEC in 2022, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 |
|---|---|---|---|---|
| Total assets | 804,122,000 | 782,896,000 | 842,074,000 | 864,750,000 |
| Total loans | 588,289,000 | 623,138,000 | 677,667,000 | 707,247,000 |
| Allowance for loan losses | 7,115,000 | 7,277,000 | 7,131,000 | 7,141,000 |
| Securities available for sale | 74,988,000 | 69,305,000 | 63,664,000 | 63,159,000 |
| Securities held to maturity | 23,567,000 | 22,935,000 | 22,307,000 | 22,069,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 670,273,000 | 686,554,000 | 745,983,000 | 719,885,000 |
| Interest-bearing deposits | 506,587,000 | 524,988,000 | 586,357,000 | 556,538,000 |
| Noninterest-bearing deposits | 163,686,000 | 161,566,000 | 159,626,000 | 163,347,000 |
| Equity capital | 65,754,000 | 64,978,000 | 65,160,000 | 66,882,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 |
|---|---|---|---|---|
| Interest income | 6,023,000 | 12,575,000 | 20,221,000 | 29,037,000 |
| Interest expense | 709,000 | 1,342,000 | 2,169,000 | 3,655,000 |
| Net interest income | 5,314,000 | 11,233,000 | 18,052,000 | 25,382,000 |
| Noninterest income | 1,993,000 | 3,729,000 | 5,289,000 | 6,866,000 |
| Noninterest expense | 5,531,000 | 11,068,000 | 16,562,000 | 22,719,000 |
| Provision for loan losses | 0 | 0 | 0 | 0 |
| Pretax income | 1,776,000 | 3,894,000 | 6,779,000 | 9,529,000 |
| Income tax | 307,000 | 688,000 | 1,185,000 | 1,696,000 |
| Net income | 1,469,000 | 3,206,000 | 5,594,000 | 7,833,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 |
|---|---|---|---|---|
| Tier 1 capital | 64,944,000 | 65,884,000 | 67,688,000 | 69,194,000 |
| Total capital | — | — | 74,819,000 | 76,335,000 |
| Risk-weighted assets | — | — | 591,561,000 | 613,519,000 |