Call reports 2024
STURGIS BANK & TRUST COMPANY — 2024
What STURGIS BANK & TRUST COMPANY reported to the FFIEC in 2024, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Total assets | 924,677,000 | 941,773,000 | 947,423,000 | 955,648,000 |
| Total loans | 756,718,000 | 764,703,000 | 765,807,000 | 781,377,000 |
| Allowance for loan losses | 9,381,000 | 9,502,000 | 9,484,000 | 9,289,000 |
| Securities available for sale | 75,354,000 | 79,101,000 | 80,867,000 | 77,072,000 |
| Securities held to maturity | 20,615,000 | 20,310,000 | 19,722,000 | 19,442,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 807,562,000 | 800,683,000 | 809,224,000 | 813,894,000 |
| Interest-bearing deposits | 652,251,000 | 631,394,000 | 646,734,000 | 656,078,000 |
| Noninterest-bearing deposits | 155,311,000 | 169,289,000 | 162,490,000 | 157,816,000 |
| Equity capital | 66,948,000 | 67,399,000 | 69,660,000 | 69,557,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Interest income | 11,217,000 | 22,796,000 | 34,797,000 | 46,904,000 |
| Interest expense | 4,178,000 | 8,672,000 | 13,381,000 | 17,889,000 |
| Net interest income | 7,039,000 | 14,124,000 | 21,416,000 | 29,015,000 |
| Noninterest income | 3,060,000 | 5,206,000 | 7,511,000 | 9,857,000 |
| Noninterest expense | 7,408,000 | 14,417,000 | 21,746,000 | 29,134,000 |
| Provision for loan losses | 4,665,000 | 4,773,000 | 4,740,000 | 4,534,000 |
| Pretax income | -2,123,000 | -66,000 | 2,230,000 | 5,002,000 |
| Income tax | -509,000 | -128,000 | 280,000 | 711,000 |
| Net income | -1,614,000 | 62,000 | 1,950,000 | 4,291,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 70,803,000 | 71,496,000 | 72,837,000 | 74,482,000 |
| Total capital | 78,997,000 | 79,785,000 | 81,114,000 | 82,890,000 |
| Risk-weighted assets | 655,498,000 | 669,483,000 | 661,769,000 | 672,571,000 |