Sturgis, MI · Cert 28593 · Sturgis Bcorp Inc.
State charter, non-member · FDIC · 17 branches
Q2 2026
Market Position · Niles, MI · 2026 SOD (annual) · 11.9% share · #4 of 8 inst. · $0.3B of $2.2B
Return on Assets (YTD, annualized)
Net Interest Margin (YTD, annualized)
Efficiency Ratio (YTD, annualized)
Tier 1 Leverage Ratio
Year to date, annualized, through each quarter.
| Metric | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | YoY Δ | Trend |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings | ||||||||||
| Return on Assets | 0.28% | 0.46% | 0.77% | 0.81% | 0.89% | 0.92% | 0.90% | 1.03% | +22 bps | |
| Return on Equity | 3.80% | 6.25% | 10.45% | 10.98% | 11.98% | 12.25% | 11.61% | 12.99% | +202 bps | |
| Net Interest Margin | 3.02% | 3.07% | 3.34% | 3.40% | 3.31% | 3.39% | 3.53% | 3.59% | +18 bps | |
| Efficiency Ratio | 75.18% | 74.95% | 79.09% | 76.67% | 74.76% | 74.94% | 73.69% | 73.48% | -319 bps | |
| Non-Interest Burden | 2.00% | 2.03% | 2.45% | 2.39% | 2.24% | 2.30% | 2.35% | 2.40% | 0 bps | |
| Growth | ||||||||||
| Asset Growth (YoY) | 5.56% | 4.00% | 3.65% | 4.50% | 5.36% | 4.42% | 5.81% | 4.55% | +5 bps | |
| Loan Growth (YoY) | 2.56% | 3.92% | 2.50% | 3.40% | 3.98% | 1.56% | 2.98% | -2.77% | -617 bps | |
| Deposit Growth (YoY) | -0.07% | 1.83% | 4.33% | 10.22% | 10.59% | 9.71% | 7.82% | 1.19% | -903 bps | |
| Asset Quality | ||||||||||
| Nonperforming Loans / Loans | 0.81% | 0.81% | 0.75% | 0.72% | 1.31% | 1.32% | 1.28% | 0.92% | +19 bps | |
| Net Charge-Offs / Loans | 0.95% | 0.70% | -0.01% | 0.00% | -0.02% | -0.01% | 0.01% | 0.00% | +1 bps | |
| Allowance / Loans | 1.24% | 1.19% | 1.17% | 1.17% | 1.16% | 1.14% | 1.14% | 1.10% | -7 bps | |
| Allowance Coverage of NPLs | 1.5x | 1.5x | 1.6x | 1.6x | 0.9x | 0.9x | 0.9x | 1.2x | -0.4x | |
| Capital | ||||||||||
| Tier 1 Leverage Ratio | 7.71% | 7.89% | 7.92% | 8.00% | 7.85% | 8.11% | 8.05% | 8.63% | +63 bps | |
| Total Risk-Based Capital | 12.26% | 12.32% | 12.56% | 12.37% | 12.54% | 12.69% | 12.70% | 13.34% | +96 bps | |
| Equity / Assets | 7.35% | 7.28% | 7.46% | 7.38% | 7.55% | 7.77% | 7.78% | 8.15% | +77 bps | |
| Liquidity & Funding | ||||||||||
| Loans / Deposits | 94.63% | 96.00% | 92.06% | 89.60% | 88.98% | 88.87% | 87.93% | 86.09% | -350 bps | |
| Liquid Assets / Assets | 3.26% | 3.09% | 3.70% | 4.48% | 5.25% | 4.93% | 6.04% | 6.97% | +248 bps | |
| CRE / Total Capital | n/a | n/a | n/a | n/a | 328% | 320% | 318% | n/a | n/a | |