Southern Michigan Bank & Trust: Financial Reports & UBPR Data
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Data as of · sourced from FFIEC call reports. How we update
Problem loans are rising at Southern Michigan Bank & Trust. Its balance sheet stood at $1.7 billion at June 30, 2026, up 7.1% from a year earlier; it is based in Coldwater, Michigan. Loans on nonaccrual or 90 or more days past due, net of government guarantees, rose to 0.92% of loans from 0.01% a year earlier. It holds commercial real estate loans worth 3.6 times its capital, higher than about 9 in 10 of the 895 banks with $1 billion to $10 billion in assets (median 2.2 times). It also funds 9.04% of its assets with Tier 1 capital, lower than about three-quarters of banks its size (median 10.52%).
The non-owner-occupied commercial real estate book ($460 million) is worsening: 4.66% of it is past due or on nonaccrual, up from 2.20% a year earlier. Costs are the weak spot: it spends about 71 cents to bring in each dollar of revenue, higher than about three-quarters of banks its size (median 58 cents).
As of June 30, 2026, Southern Michigan Bank & Trust reported a return on assets of 0.84%, a nonperforming-loan ratio of 1.25% and a Texas ratio of 8.72%, according to its call report filed with the FFIEC.
Headquarters Profile
- Address
- 45 W Pearl St, Coldwater, MI 49036
- County
- Branch
- Metro Area
- Coldwater, MI
- Charter
- Commercial bank, state charter, Fed non-member, FDIC-supervised
- Primary Regulator
- FDIC
- FDIC Region
- Chicago (Region 9)
- Federal Reserve member
- No
- Federal Reserve district
- District 7, Chicago
- Fiduciary (trust) powers
- Full trust powers granted
- Call Report form
- FFIEC 041
- Established
- January 16, 1872
- Former names
- Southern Michigan National Bank (1981-1992)
- Offices
- 21 domestic
- Employees (FTE)
- 255
- Domestic deposits
- $1.40B
- Allowance for credit losses
- $15.2M
- Net charge-offs (YTD)
- $837K
- Average total assets
- $1.70B
- Average total loans
- $1.30B
- Average interest-bearing deposits
- $1.18B
- Tax status
- C corporation
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- January 1, 1934
- FDIC Cert
- 5019
- Fed RSSD
- 822042
- SEC CIK
- 703699 → filed by SOUTHERN MICHIGAN BANCORP, INC.
- Website
- www.smb-t.com →
- Parent Holding Company
- SOUTHERN MICHIGAN BANCORP, INC. (RSSD 1207824)
Profitability
Q2 annualizedBalance Sheet
Income Statement
Operating & Funding
Rows tagged YTD are fiscal year to date through June 30, 2026, as filed. Net income is tagged Q2 because it is that quarter's own figure, not a running total, so it cannot be compared with a YTD row. ROA, ROE and net interest margin are the quarter's own income, annualized. The UBPR and FDIC annualize the year to date instead, so after the first quarter their figures differ from ours; where the UBPR has this quarter, its value is shown beside each as YTD. This bank files the community bank leverage ratio (CBLR), the simplified capital framework for qualifying community banks. It does not report CET1, Tier 1 or total risk-based ratios, so the Tier 1 leverage ratio is the capital measure that applies.
Quarterly trends
Last 12 quarters from this bank's own FFIEC call reports. Dollar figures are the quarter's own amount: the income statement is filed year to date, so those lines are shown net of the preceding quarter.
Balances at each quarter end. The gap between the two lines is equity capital.
Balances at each quarter end. Loans rising toward deposits is the loan-to-deposit ratio tightening.
Balances at each quarter end. Each line is its own balance, not stacked on the other.
Each bar is that quarter alone. The gap between the two is net interest income.
What the balance sheet earned on spread that quarter, before fees and operating costs.
Fees, trading and other income against salaries, premises and the rest of the cost base.
What the bank charged to earnings that quarter to build its allowance for expected losses.
Net income for the quarter alone. The Call Report reports it year to date; this series converts it to the single quarter, so each bar covers three months.
CET1 is common equity tier 1 as a share of risk-weighted assets; the leverage ratio is tier 1 capital as a share of average total assets. A bank that files the community bank leverage ratio reports no CET1 ratio, so only its leverage line appears.
Inside the full Southern Michigan Bank & Trust terminal
26 years of quarterly trends · 8 tabs · peer percentiles · Excel export
Unlock Southern Michigan Bank & Trust, freeWatch flags
Automated conditions triggered on this bank's latest filing. Advisory only; see the source metric pages for full context. Each flag is tagged Regulatory when it cites an official supervisory threshold, or BRR analysis when it's our own band, informed by our data and models.
Commercial real estate loans exceed 300% of total capital, the threshold at which the 2006 interagency guidance flags a bank for heightened supervisory scrutiny. CRE concentration has been the central stress vector for regional banks since 2023. 2006 Interagency CRE Concentration Guidance (SR 07-1).
Southern Michigan Bank & Trust rankings
How this bank ranks on each leaderboard. Click any rank to see the full ranked list.
Ranked among banks that report this metric, so the total differs from card to card. The CET1 ranking leaves out community bank leverage ratio filers, which report no CET1 ratio.
Quarterly trend: last 8 quarters
Quarter-over-quarter movement in the five most-watched ratios. Sourced from the bank's own FFIEC call report filings. A community bank leverage ratio filer reports no CET1 ratio, so the first ratio column is the Tier 1 leverage ratio.
| Quarter | Leverage | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 9.04% | 0.84% | 0.92% | 8.72% | 3.55% |
| Q1 2026 | 8.79% | 0.84% | 0.90% | 10.08% | 3.30% |
| Q4 2025 | 8.95% | 0.84% | 0.98% | 10.64% | 3.30% |
| Q3 2025 | 9.01% | 0.89% | 1.02% | 8.59% | 3.32% |
| Q2 2025 | 9.05% | 0.98% | 0.01% | 0.05% | 3.39% |
| Q1 2025 | 8.99% | 0.92% | 0.06% | 0.51% | 3.12% |
| Q4 2024 | 9.13% | 0.85% | 0.08% | 0.69% | 3.17% |
| Q3 2024 | 8.92% | 0.77% | 0.08% | 0.62% | 3.05% |
Swipe the table sideways to see every column.
Branch Network
Every branch from the FDIC Summary of Deposits, listed with the deposits booked at each location. The FDIC's office count above also includes administrative and limited-service offices, so the two totals can differ. View all 20 branches →
| Branch | Location | ZIP | Deposits |
|---|---|---|---|
| Southern Michigan Bank & Trust (main office) | Coldwater , MI | 49036 | $423.4M |
| Portage Branch | Portage , MI | 49024 | $145.1M |
| Battle Creek Branch | Battle Creek , MI | 49015 | $134.2M |
| Hillsdale Branch | Hillsdale , MI | 49242 | $125.3M |
| Westland Branch | Three Rivers , MI | 49093 | $124.9M |
| Marshall Branch | Marshall , MI | 49068 | $117.2M |
| Jackson - the 200 Branch | Jackson , MI | 49201 | $71.1M |
| Union City Branch | Union City , MI | 49094 | $59.9M |
| Constantine Branch | Constantine , MI | 49042 | $47.5M |
| Mendon Branch | Mendon , MI | 49072 | $37.6M |
| Southern Michigan Bank & Trust Branch | Jackson , MI | 49203 | $31.9M |
| Centreville Branch | Centreville , MI | 49032 | $28.1M |
| Tekonsha Branch | Tekonsha , MI | 49092 | $26.3M |
| Sturgis Branch | Sturgis , MI | 49091 | $24.0M |
| Southern Michigan Bank & Trust Branch | Sturgis , MI | 49091 | $5.9M |
| East Chicago Branch | Coldwater , MI | 49036 | $1.9M |
| Southern Michigan Bank and Trust | Portage , MI | 49002 | $0 |
| Shopping Center Branch | Coldwater , MI | 49036 | $0 |
| The Motor Bank Branch | Union City , MI | 49094 | $0 |
| Chicago Street Branch | Coldwater , MI | 49036 | $0 |
Events & Regulatory History
Mergers, charter changes, enforcement actions, FDIC assistance, and (if applicable) failure events recorded against this institution. Click a year to see what else was happening across US banking that year.
| Date | Category | Event | Source |
|---|---|---|---|
| April 25, 2009 | M&A | Acquired FNB Financial merger for the acquired bank | SEC |
| April 25, 2009 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| April 25, 2009 | Structure Change | Acquired FNB Financial Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| April 1, 1969 | M&A | Acquired First State Bank merger for the acquired bank | SEC |
| April 1, 1969 | Structure Change | Acquired First State Bank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| September 1, 1965 | M&A | Acquired Union City National Bank merger for the acquired bank | SEC |
| September 1, 1965 | Structure Change | Acquired Union City National Bank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
Sourced from the bank event history (FDIC, Federal Reserve NIC, OCC, and OTS). Showing the most recent 7 events.
Regulatory record
What the public regulatory sources show for Southern Michigan Bank & Trust, each with its period and source. These are facts as filed or published, not a rating or score. "Not on file" means we hold no record from that source, which is not the same as a clean record.
- Enforcement actions
- Not on file: no matched FDIC, Federal Reserve or OCC action
- Period: not on file. Source: FDIC, Federal Reserve and OCC enforcement releases.
- Deposit market share
- 0.5% of deposits in MI, rank 21 of 98 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- Mortgage lending (HMDA)
- 470 applications, 344 loans originated, $80.5M originated, across 6 states
- Period: Calendar year 2025. Source: FFIEC HMDA loan application register.
- SBA 7(a) lending
- 5 loans, $7.1M approved, $1.4M average. 0.00% of that year's loans have since been charged off
- Period: Federal fiscal year 2025 (October to September). Source: SBA 7(a) and 504 loan data (FOIA).
- Consumer complaints
- Not on file: no CFPB complaints matched
- Period: not on file. Source: CFPB consumer complaint database.
- CFPB enforcement
- Not on file: CFPB enforcement actions are not loaded
- Period: not on file. Source: CFPB enforcement actions.
- CRA examination rating
- Not on file: FFIEC CRA ratings are not loaded
- Period: not on file. Source: FFIEC CRA ratings.
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Frequently asked about Southern Michigan Bank & Trust
What are Southern Michigan Bank & Trust's total assets?
As of the Q2 2026 filing, Southern Michigan Bank & Trust reported total assets of $1.68 billion in its FFIEC call report. All figures come directly from the bank's quarterly Schedule RC filing.
Where is Southern Michigan Bank & Trust headquartered?
Southern Michigan Bank & Trust is headquartered in Coldwater, MI, United States. It files quarterly FFIEC call reports, as every FDIC-insured commercial bank must.
When was Southern Michigan Bank & Trust founded?
Southern Michigan Bank & Trust was established in 1872, per the FDIC institution directory.
Is Southern Michigan Bank & Trust FDIC-insured?
Yes. Southern Michigan Bank & Trust is an FDIC-insured commercial bank (FDIC Certificate #5019). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates Southern Michigan Bank & Trust?
Southern Michigan Bank & Trust's primary federal regulator is the FDIC. All FDIC-insured banks also report to the FDIC and, depending on charter, the Federal Reserve.
How many branches does Southern Michigan Bank & Trust operate?
Southern Michigan Bank & Trust operates 21 domestic offices, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is Southern Michigan Bank & Trust's Texas Ratio?
Southern Michigan Bank & Trust's Texas Ratio is 8.72% in its Q2 2026 call report, within the healthy range (under 25%). The Texas Ratio measures non-performing assets against the bank's capital and reserves; the glossary entry for the Texas Ratio carries the full definition.
What was Southern Michigan Bank & Trust previously called?
The charter now named Southern Michigan Bank & Trust has also operated as Southern Michigan National Bank (1981-1992), per FDIC structure-change records.
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