Southern Michigan Bank & Trust
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Data as of · sourced from FFIEC call reports. How we update
Southern Michigan Bank & Trust is an FDIC-insured commercial bank headquartered in Coldwater, MI, established in 1872 (FDIC certificate 5019), and it is supervised by the FDIC. At Q2 2026 it reported total assets of $1.68B, up 7.1% from Q2 2025, the 9th largest of 72 banks headquartered in Michigan. It reports no CET1 ratio; its Tier 1 leverage ratio was 9.04% at Q2 2026, above the 9% community bank leverage ratio requirement for being considered well capitalized.
- Charter
- Commercial bank
- Regulator
- FDIC
- Deposit insurance
- FDIC
- FDIC certificate
- 5019
- Headquarters
- Coldwater, MI
- Established
- 1872
- Total assets, Q2 2026
- $1.68B
- Assets vs Q2 2025
- +7.1%
- Tier 1 leverage ratio, Q2 2026
- 9.04%
- Domestic offices
- 21 FDIC institution directory, current count
- Routing number
- 072402283
- Latest call report
- Q2 2026, FFIEC 041 · Southern Michigan Bank & Trust call report
- Holding company
- SOUTHERN MICHIGAN BANCORP, INC.
- Asset rank in state
- 9th of 72 in Michigan
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 0.92% and a Texas ratio of 8.72%. The figures come from its call report filed with the FFIEC.
Of the 72 banks headquartered in Michigan, Southern Michigan Bank & Trust is the 9th largest by total assets at Q2 2026. From Q1 2026 to Q2 2026, its total assets fell 1.4% to $1.68B, loans fell 2.3% and deposits fell 2.2%. Its loan book on June 30, 2026 was led by non-owner-occupied commercial real estate loans, at 36.0% of total loans, followed by 1-4 family residential loans at 17.1%. The FDIC Summary of Deposits lists 20 offices for it, in 13 cities in MI; its Coldwater 4 offices book 30% of its branch deposits. Judged on its Q2 2026 call report, Southern Michigan Bank & Trust meets the community bank leverage ratio test for well capitalized.
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)
- Domestic offices
- 21 FDIC institution directory, current count
- 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
Ratios tagged annualized use the Q2 income alone. The UBPR and FDIC annualize the year to date instead. FDIC BankFind divides by the average of quarter-end total assets, the UBPR by RC-K average assets. The YTD margin is the UBPR's tax-equivalent figure over its own average earning assets; FDIC BankFind's margin is not tax-equivalent. As a community bank leverage ratio filer, Southern Michigan Bank & Trust reports no risk-based capital ratios; its Tier 1 leverage ratio applies. How we compute these figures
Quarterly trends
From Q3 2023 to Q2 2026, Southern Michigan Bank & Trust's total assets ranged from $1.41B (Q4 2023) to $1.70B (Q1 2026), and it earned a profit in all 12 quarters. The line under each chart compares Q2 2026 with Q2 2025. How these charts are built
$1.68B total assets against $1.57B; $1.53B total liabilities against $1.43B.
$1.26B net loans and leases against $1.18B; $1.40B total deposits against $1.31B.
$225.7M securities against $229.4M; $83.4M cash and balances due against $59.4M.
$22.5M total interest income against $20.9M; $8.5M total interest expense against $8.5M.
$14.1M net interest income against $12.5M.
$976K total noninterest income against $2.3M; $10.7M total noninterest expense against $9.7M.
$0 provision for credit losses against $500K.
$3.6M net income against $3.9M.
0.84% return on assets against 0.98%; 3.55% net interest margin against 3.39%.
9.04% tier 1 leverage ratio against 9.05%.
Inside the full Southern Michigan Bank & Trust terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this bank, 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
Its closest position to the top of a national ranking is 665 of 4,196, for total assets; its furthest is 2,820 of 3,611, for ROA.
Quarterly trend: last 8 quarters
From Q3 2024 to Q2 2026, its return on assets ran from 0.77% (Q3 2024) to 0.98% (Q2 2025) and its net interest margin ran from 3.05% (Q3 2024) to 3.55% (Q2 2026).
| 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
View all 20 branches → Branch count from the FDIC Summary of Deposits, June 30, 2026. The domestic office count above is the FDIC's current figure, so the two can differ.
| 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
Facts as filed or published, not a rating.
- Deposit market share
- 0.5% of deposits in MI, rank 21 of 95 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).
- Not on file
- Enforcement actions, Consumer complaints, CFPB enforcement, CRA examination rating. No record from these sources, which is not the same as a clean record. Sources
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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.
Where is Southern Michigan Bank & Trust headquartered?
It is headquartered in Coldwater, MI, United States.
When was Southern Michigan Bank & Trust founded?
It was established in 1872, per the FDIC institution directory.
Is Southern Michigan Bank & Trust FDIC-insured?
Yes. It 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.
How many branches does Southern Michigan Bank & Trust operate?
It 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?
Its Texas Ratio is 8.72% in its Q2 2026 call report, within the healthy range (at or below 50%, the level at which problem assets reach half of the capital cushion). The Texas Ratio measures non-performing assets against the bank's capital and reserves.
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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