Sturgis Bank & Trust Company
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Data as of · sourced from FFIEC call reports. How we update
Sturgis Bank & Trust Company is an FDIC-insured commercial bank headquartered in Sturgis, MI, established in 1905 (FDIC certificate 28593), and it is supervised by the FDIC. At Q2 2026 it reported total assets of $1.03B, up 4.5% from Q2 2025, the 18th largest of 72 banks headquartered in Michigan. Its CET1 capital ratio was 12.11% at Q2 2026, above regulatory requirements.
- Charter
- Commercial bank
- Regulator
- FDIC
- Deposit insurance
- FDIC
- FDIC certificate
- 28593
- Headquarters
- Sturgis, MI
- Established
- 1905
- Total assets, Q2 2026
- $1.03B
- Assets vs Q2 2025
- +4.5%
- CET1 ratio, Q2 2026
- 12.11%
- Domestic offices
- 17 FDIC institution directory, current count
- Routing number
- 272471632
- Latest call report
- Q2 2026, FFIEC 051 · Sturgis Bank & Trust Company call report
- Holding company
- STURGIS BANCORP, INC.
- Asset rank in state
- 18th of 72 in Michigan
Sturgis Bank & Trust Company operates with a thinner capital cushion than most banks of its size. The Sturgis, Michigan bank had $1.0 billion in assets at June 30, 2026, up 4.5% from a year earlier. It funds 8.63% of its assets with Tier 1 capital, lower than about 9 in 10 of the 895 banks with $1 billion to $10 billion in assets (median 10.52%). On the other hand, it holds commercial real estate loans worth 0.8 times its capital, about a third the median of 2.2 times for banks its size.
Earnings jumped: net income for the quarter was $2.9 million, 42% above the same quarter a year earlier. Over the same year, loans shrank 2.8% and deposits grew 1.2%. Costs are the weak spot: it spends about 73 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, Sturgis Bank & Trust Company reported a CET1 capital ratio of 12.11%, a return on assets of 1.16%, a nonperforming-loan ratio of 0.92% and a Texas ratio of 9.23%. The figures come from its call report filed with the FFIEC.
Of the 72 banks headquartered in Michigan, Sturgis Bank & Trust Company is the 18th largest by total assets at Q2 2026. Quarter on quarter (Q1 2026 to Q2 2026), its total assets rose 1.5% to $1.03B, loans fell 3.8% and deposits fell 1.7%. The largest part of its loan book on June 30, 2026 was 1-4 family residential loans, at 59.1% of total loans, ahead of owner-occupied commercial real estate loans at 22.3%. Its 17 offices in the FDIC Summary of Deposits are in 13 cities in MI; its Saint Joseph 2 offices book 25% of its branch deposits. By the capital ratios in its Q2 2026 call report, Sturgis Bank & Trust Company meets every capital ratio test for well capitalized.
Headquarters Profile
- Address
- 113 E Chicago Rd, Sturgis, MI 49091
- County
- St. Joseph
- Metro Area
- Sturgis, 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 051
- Established
- January 1, 1905
- Former names
- Sturgis Bank & Trust company, FSB (1997-1999); Sturgis Federal Savings Bank (1987-1997)
- Domestic offices
- 17 FDIC institution directory, current count
- Employees (FTE)
- 204
- Domestic deposits
- $893.0M
- Allowance for credit losses
- $8.4M
- Net charge-offs (YTD)
- $15K
- Average total assets
- $1.01B
- Average total loans
- $799.3M
- Average interest-bearing deposits
- $716.8M
- Tax status
- C corporation
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- August 9, 1989
- FDIC Cert
- 28593
- Fed RSSD
- 366078
- SEC CIK
- 1166362 → filed by STURGIS BANCORP, INC.
- Website
- www.sturgis.bank →
- Parent Holding Company
- STURGIS BANCORP, INC. (RSSD 3051571) · STBI
Profitability
Q2 annualizedCapital & Liquidity
Balance 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. How we compute these figures
Quarterly trends
From Q3 2023 to Q2 2026, Sturgis Bank & Trust Company's total assets ranged from $897.5M (Q3 2023) to $1.03B (Q2 2026), and it earned a profit in 11 of the 12 quarters. The line under each chart compares Q2 2026 with Q2 2025. How these charts are built
$1.03B total assets against $984.2M; $945.1M total liabilities against $911.6M.
$760.4M net loans and leases against $781.5M; $893.0M total deposits against $882.5M.
$130.4M securities against $95.3M; $65.1M cash and balances due against $39.0M.
$12.8M total interest income against $12.3M; $3.8M total interest expense against $4.0M.
$9.1M net interest income against $8.3M.
$2.1M total noninterest income against $2.1M; $8.2M total noninterest expense against $7.7M.
-$687K provision for credit losses against $117K.
$2.9M net income against $2.1M.
1.16% return on assets against 0.86%; 3.85% net interest margin against 3.70%.
12.11% CET1 capital ratio against 11.12%; 8.63% tier 1 leverage ratio against 8.00%.
Inside the full Sturgis Bank & Trust Company terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this bank, freeSturgis Bank & Trust Company rankings
Its closest position to the top of a national ranking is 708 of 3,640, for Texas Ratio; its furthest is 2,950 of 3,606, for efficiency ratio.
Quarterly trend: last 8 quarters
Across the 8 quarters to Q2 2026, its return on assets ran from 0.77% (Q1 2025) to 1.16% (Q2 2026) and its net interest margin ran from 3.32% (Q3 2024) to 3.85% (Q2 2026).
| Quarter | CET1 | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 12.11% | 1.16% | 0.92% | 9.23% | 3.85% |
| Q1 2026 | 11.45% | 0.89% | 1.28% | 10.65% | 3.74% |
| Q4 2025 | 11.46% | 1.00% | 1.32% | 10.23% | 3.78% |
| Q3 2025 | 11.29% | 1.03% | 1.31% | 9.96% | 3.64% |
| Q2 2025 | 11.12% | 0.86% | 0.72% | 3.78% | 3.70% |
| Q1 2025 | 11.31% | 0.77% | 0.75% | 4.08% | 3.55% |
| Q4 2024 | 11.07% | 0.99% | 0.81% | 4.23% | 3.42% |
| Q3 2024 | 11.01% | 0.80% | 0.81% | 3.73% | 3.32% |
Swipe the table sideways to see every column.
Branch Network
View all 17 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 |
|---|---|---|---|
| St Joseph Banking Center Branch | Saint Joseph , MI | 49085 | $227.5M |
| Sturgis Bank & Trust Company (main office) | Sturgis , MI | 49091 | $194.0M |
| South Haven Banking Center | South Haven , MI | 49090 | $99.0M |
| Portage Branch | Portage , MI | 49024 | $52.4M |
| Colon Banking Center | Colon , MI | 49040 | $48.5M |
| White Pigeon Banking Center | White Pigeon , MI | 49099 | $48.2M |
| Centreville Banking Center | Centreville , MI | 49032 | $47.2M |
| Bangor Banking Center | Bangor , MI | 49013 | $45.5M |
| Sturgis Bank & Trust Company Branch | Niles , MI | 49120 | $39.5M |
| Bronson Banking Center | Bronson , MI | 49028 | $31.4M |
| Three Rivers Banking Center | Three Rivers , MI | 49093 | $21.7M |
| Marshall Banking Center Branch | Marshall , MI | 49068 | $21.7M |
| Climax Banking Center | Climax , MI | 49034 | $16.5M |
| South Haven (Center Street) Branch | South Haven , MI | 49090 | $0 |
| Portage Banking Center Branch | Portage , MI | 49024 | $0 |
| Sturgis Bank & Trust Company Branch | Saint Joseph , MI | 49085 | $0 |
| Sturgis Banking Center | Sturgis , MI | 49091 | $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 7, 2015 | Structure Change | Acquired The West Michigan Savings Bank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| April 6, 2015 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
Sourced from the bank event history (FDIC, Federal Reserve NIC, OCC, and OTS). Showing the most recent 2 events.
Regulatory record
Facts as filed or published, not a rating.
- Deposit market share
- 0.3% of deposits in MI, rank 29 of 95 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- Mortgage lending (HMDA)
- 882 applications, 735 loans originated, $146.5M originated, across 2 states
- Period: Calendar year 2025. Source: FFIEC HMDA loan application register.
- SBA 7(a) lending
- 1 loans, $100K approved, $100K 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 Sturgis Bank & Trust Company
What are Sturgis Bank & Trust Company's total assets?
As of the Q2 2026 filing, Sturgis Bank & Trust Company reported total assets of $1.03 billion in its FFIEC call report.
Where is Sturgis Bank & Trust Company headquartered?
It is headquartered in Sturgis, MI, United States.
When was Sturgis Bank & Trust Company founded?
It was established in 1905, per the FDIC institution directory.
Is Sturgis Bank & Trust Company FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #28593). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates Sturgis Bank & Trust Company?
Sturgis Bank & Trust Company's primary federal regulator is the FDIC.
What is Sturgis Bank & Trust Company's CET1 capital ratio?
It reported a Common Equity Tier 1 (CET1) capital ratio of 12.11% in its Q2 2026 call report, above regulatory requirements.
How many branches does Sturgis Bank & Trust Company operate?
It operates 17 domestic offices, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is Sturgis Bank & Trust Company's Texas Ratio?
Its Texas Ratio is 9.23% 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 Sturgis Bank & Trust Company previously called?
The charter now named Sturgis Bank & Trust Company has also operated as Sturgis Bank & Trust company, FSB (1997-1999), Sturgis Federal Savings Bank (1987-1997), per FDIC structure-change records.
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