Vitals
  • Total Assets
    398.5M 8.1 %
  • Total Deposits
    297.9M 4.9 %
  • Total Net Loans
    268.0M 4.9 %
  • Net Income
    2.9M 7.3 %
  • Book Value
    36.8M 4.4 %
  • Book Value x2
    73.6M 4.4 %
  • Book Value x3
    110.4M 4.4 %
ROAA

.745

ROAE

7.97

Efficiency Ratio

75.434

Net Interest Margin

3.769

Balance Sheet Highlights
Financial Highlights Sturgis Bank & Trust Company All Insured Savings Banks in Michigan
Balance Sheet $(000)
Total Assets 398,464 1,691,280
Total Net Loans 267,960 1,187,529
Total Deposits 297,856 1,131,684
Total Equity 36,797 203,998
Profitability
Net Income 2,858 21,424
Return on Average Assets .745 .542
Return on Average Equity 7.97 4.098
Net Interest Margin 3.769 3.221
Efficiency Ratio 75.434 80.996
Noninterest Income/Revenue 25.534 45.802
Balance Sheet Ratios
Loan-to-Deposit 89.963 93.003
Securities/Assets .166 .168
Total Equity/Total Assets .092 .121
Tangible Equity/Tangible Assets .074 .102
Capital Adequacy
Tier 1 Common Capital 32,434 183,765
Tier 1 Capital 32,434 183,765
Tier 2 Capital 3,161 12,547
Total Capital 35,595 196,313
Total Risk Weighted Assets 252,725 1,009,128
Leverage Ratio 8.32 12.86
Common Equity Tier 1 Capital Ratio 12.83 21.774
Tier 1 Capital Ratio 12.83 21.774
Total Capital Ratio 14.08 22.935

Timeline for Sturgis Bank & Trust Company

The West Michigan Savings Bank

Acquisition: Sturgis Bank & Trust Company acquired a new subsidiary, The West Michigan Savings Bank, 9 years

View Profile Apr 07 2015

Sturgis Bancorp, Inc.

Sturgis Bancorp, Inc. became a new parent organization for Sturgis Bank & Trust Company.

View Profile Jan 01 2002

Oak Mortgage, Llc

Oak Mortgage, Llc became a new subsidiary organization for Sturgis Bank & Trust Company.

View Profile Jan 01 2002

First Michiana Development Corporation Of Sturgis, Inc.

First Michiana Development Corporation Of Sturgis, Inc. became a new subsidiary organization for Sturgis Bank & Trust Company.

View Profile Jan 01 2002

Oakleaf Financial Services, Inc.

Oakleaf Financial Services, Inc. became a new subsidiary organization for Sturgis Bank & Trust Company.

View Profile Jan 01 2002

Want to see more?

Complete timeline for Sturgis Bank & Trust Company is available.

View Complete Timeline
Acquisitions & Mergers Role Assets Acct Method Type Transaction Date
The West Michigan Savings Bank Seller 35,907 Acquisition Discontinued 4/7/2015
Relationships Role Relationship Start Relationship End
Sturgis Bancorp, Inc. Parent 1/1/2002
First Michiana Development Corporation Of Sturgis, Inc. Subsidary 6/30/2007
Oakleaf Financial Services, Inc. Subsidary 6/30/2007
Oak Mortgage, Llc Subsidary 1/1/2002
First Michiana Development Corporation Of Sturgis, Inc. Subsidary 1/1/2002 6/29/2007
Oakleaf Financial Services, Inc. Subsidary 1/1/2002 6/29/2007
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