Banks | Southern Michigan Bank & Trust

Southern Michigan Bank & Trust


Southern Michigan Bank & Trust is an FDIC insured institution headquartered at 45 W Pearl St, Coldwater, MI 49036.
It was founded in 1872 and has approximately $2 billion in assets. Customers can open an account at one of its 17 branches.

Deposit Rates - March 11, 2025

SAVINGS RATES APY MIN
Savings
0.01% $1 Compare
CD RATES APY MIN
6 Mo CD
0.10% $500 Compare
12 Mo CD
0.15% $500 Compare
18 Mo CD
0.15% $500 Compare
24 Mo CD
0.25% $500 Compare
30 Mo CD
0.25% $500 Compare
36 Mo CD
0.35% $500 Compare
48 Mo CD
0.45% $500 Compare
60 Mo CD
0.55% $500 Compare
MM RATES APY MIN
Money Market
0.01% $1,000 Compare
Money Market
0.01% $10,000 Compare
Money Market
0.05% $25,000 Compare

Overview 2025

General Bank Information

FDIC Insured Yes
FDIC Certificate # 5019
Date Established 1872
Assets $ 1,507.34 million
Loans $ 1,072.11 million
Deposits $ 1,271.52 million
Capital $ 133.35 million

Summary Balance Sheet as of September 30, 2024

ASSETS
Cash & Balances due from depository institutions $ 119.47 million
Interest-bearing balances $ 103.53 million
Total securities $ 219.71 million
Federal funds sold and reverse repurchase $ 0.26 million
Net loans and leases $ 1,072.11 million
Loan loss allowance $ 12.36 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles $ 14.60 million
All other assets $ 35.71 million
     Total Assets $ 1,373.99 million

LIABILITIES
Total deposits $ 1,271.52 million
      Interest-bearing deposits $ 1,047.02 million
      Deposits held in domestic offices $ 1,271.52 million
      % insured (estimated) 62.24%
Federal funds purchased and repurchase agreements $ 1.69 million
Trading liabilities N.A.
Other borrowed funds $ 13.02 million
Subordinated debt N.A.
All other liabilities $ 8.91 millionn
      Total Liabilities $ 1,373.99 million
      Shareholders’ Equity $ 133.35 million

Summary Income Statement as of September 30, 2024

INCOME AND EXPENSES
Total Interest Income $ 56.71 million
Total Interest Expense $ 25.15 million
Net interest income $ 31.56 million
Provision for loan and lease losses $ 0.66 million
Total non interest income $ 6.19 million
Total non interest expense $ 26.40 million
Pre-tax Net Operating Income $ 8.18 million

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Branches

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Southern Michigan Bank & Trust Locations

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