Sturgis Bancorp, Inc. Reports Financial Results for Third Quarter 2025
Sturgis Bancorp (OTCQX:STBI) reported 3Q25 net income of $2.4 million and EPS of $1.09 on October 21, 2025. Total assets reached $999 million, loans (net) were $781 million, and total deposits grew to $894 million.
Key operating trends: net interest income after credit loss benefit was $8.4 million in 3Q25 (up 18.5% YoY), tax-equivalent NIM was 3.54% (down 10 bps sequentially), and the company paid a quarterly dividend of $0.17 per share. Year-to-date net income was $5.447 million versus $870,000 a year earlier, with YTD net interest income after provision up 52.38%.
Funding and capital: core deposits increased materially year-to-date, brokered CDs fell by $30.1 million, borrowed funds declined from $57.0 million to $15.7 million, and Tier 1 leverage capital remained above "well-capitalized" at 7.85%.
Sturgis Bancorp (OTCQX:STBI) ha riportato l"utile netto del 3Q25 pari a $2.4 milioni e l’EPS di $1.09 il 21 ottobre 2025. Gli attivi totali hanno raggiunto $999 milioni, i prestiti (netti) erano $781 milioni, e i depositi totali sono cresciuti a $894 milioni.
Principali tendenze operative: il reddito da interessi netto dopo il beneficio da perdita su crediti è stato $8.4 milioni nel 3Q25 (in aumento dell"18,5% su base annua), il NIM equivalente fiscale è stato 3,54% (in calo di 10 bp sequenzialmente), e la società ha pagato un dividendo trimestrale di $0.17 per azione. L"utile netto da inizio anno è stato $5.447 milioni rispetto a $870,000 un anno fa, con l"utile netto da interessi da vendite/provision coprendo l"incremento 52,38%.
Finanziamenti e capitale: i depositi principali sono aumentati sostanzialmente da inizio anno, i brokered CDs sono diminuiti di $30.1 milioni, i fondi presi in prestito sono diminuiti da $57.0 milioni a $15.7 milioni, e il capitale di leva Tier 1 è rimasto al di sopra di una soglia di “ben capitalizzato” a 7.85%.
Sturgis Bancorp (OTCQX:STBI) reportó ingresos netos del 3Q25 de $2.4 millones y un BPA de $1.09 el 21 de octubre de 2025. Los activos totales alcanzaron $999 millones, los préstamos (netos) fueron $781 millones, y los depósitos totales crecieron a $894 millones.
Tendencias operativas clave: el ingreso neto por intereses tras el beneficio por pérdidas crediticias fue de $8.4 millones en el 3Q25 (un 18.5% interanual de crecimiento), el NIM equivalente a impuestos fue de 3.54% (bajó 10 pb secuencialmente), y la compañía pagó un dividendo trimestral de $0.17 por acción. El ingreso neto acumulado del año fue de $5.447 millones frente a $870,000 hace un año, con un ingreso neto por intereses acumulado desde el inicio del año tras provisiones aumentando 52.38%.
Financiamiento y capital: los depósitos centrales aumentaron de manera significativa año tras año, los CDs brokered cayeron en $30.1 millones, los fondos tomados prestados disminuyeron de $57.0 millones a $15.7 millones, y el capital de apalancamiento Tier 1 se mantuvo por encima de "bien capitalizado" en 7.85%.
Sturgis Bancorp (OTCQX:STBI) 는 3Q25 순이익이 $2.4백만 달러, 1주당순이익(EPS)이 $1.09 달러로 2025년 10월 21일에 발표되었습니다. 총 자산은 $999백만, 대출(순)은 $781백만, 총 예금은 $894백만으로 증가했습니다.
주요 영업 동향: 3Q25 신용손실 혜택 제외 후 순이자 소득은 $8.4백만 달러(전년동기 대비 18.5% 증가), 세전이자마진(NIM) 동등은 3.54% (전분기 대비 10bp 하락), 그리고 회사는 주당 $0.17의 분기 배당금을 지급했습니다. 연간 누적 순이익은 $5.447백만 달러로, 전년 동기 $870,000에서 증가했고, 준비금 조정 후 연간 누적 순이자 소득은 52.38% 증가했습니다.
자금 조달 및 자본: 연초 대비 코어 예금이 크게 증가했고 중개형 CD는 $30.1백만 감소, 차입자금은 $57.0백만에서 $15.7백만으로 감소했으며 Tier 1 레버리지 자본은 7.85%를 상회하며 "잘 자본화"된 상태를 유지했습니다.
Sturgis Bancorp (OTCQX:STBI) a déclaré un bénéfice net du T3 25 de $2,4 millions et un BPA de $1,09 au 21 octobre 2025. Les actifs totaux ont atteint $999 millions, les prêts ( nets) étaient de $781 millions, et les dépôts totaux ont augmenté à $894 millions.
Tendances opérationnelles clés: le revenu net d'intérêts après bénéfice sur pertes de crédits était de $8,4 millions au T3 25 (en hausse de 18,5% sur une base annuelle), la NIM équivalent fiscal a été de 3,54% (en baisse de 10 pb séquentiels), et l'entreprise a versé un dividende trimestriel de $0,17 par action. Le revenu net cumulé depuis le début de l'année était de $5,447 millions contre $870,000 il y a un an, avec le revenu net d'intérêts cumulé après provision en hausse de 52,38%.
Financement et capital: les dépôts de base ont augmenté de manière significative depuis le début de l'année, les CDs négociés ont diminué de $30,1 millions, les fonds empruntés ont diminué de $57,0 millions à $15,7 millions, et le capital de levier Tier 1 est resté au-dessus du seuil de « bien capitalisé » à 7,85%.
Sturgis Bancorp (OTCQX:STBI) meldete am 21. Oktober 2025 für das 3Q25 einen Nettogewinn von $2,4 Millionen und ein EPS von $1,09. Die gesamten Vermögenswerte erreichten $999 Millionen, die Kredite (netto) betrugen $781 Millionen, und die gesamten Einlagen wuchsen auf $894 Millionen.
Wichtige operative Trends: Das Net Interest Income nach Abzug von Kreditverlusten betrug im 3Q25 $8,4 Millionen (YoY-Anstieg von 18,5%), der tax-equivalent NIM betrug 3,54% (sequenziell minus 10 Basispunkte), und das Unternehmen zahlte eine vierteljährliche Dividende von $0,17 pro Aktie. Das year-to-date Nettoeinkommen lag bei $5,447 Millionen gegenüber $870,000 im Vorjahr, wobei das YTD Net Interest Income nach Vorsorge um 52,38% zulegte.
Finanzierung und Kapital: Core-Deposits stiegen im Jahresvergleich deutlich an, brokered CDs sanken um $30,1 Millionen, geliehene Gelder sanken von $57,0 Millionen auf $15,7 Millionen, und das Tier-1-Leverage-Kapital blieb über der Marke "well-capitalized" bei 7,85%.
Sturgis Bancorp (OTCQX:STBI) أبلغ عن صافي دخل للربع الثالث من السنة المالية 25 قدره $2.4 مليون وearnings per share (EPS) قدره $1.09 في 21 أكتوبر 2025. وصلت الأصول الإجمالية إلى $999 مليون، وكانت القروض (الصافية) $781 مليون، وارتفع إجمالي الودائع إلى $894 مليون.
الاتجاهات التشغيلية الرئيسية: بلغ دخل الفائدة الصافي بعد الاستفادة من الخسائر الائتمانية $8.4 مليون في 3Q25 (ارتفاع 18.5% على أساس سنوي)، كان NIM المكافئ للضرائب 3.54% (انخفض 10 نقاط أساسية على التوالي)، وتم دفع توزيعة ربع سنوية قدرها $0.17 للسهم. صافي الدخل حتى تاريخه كان $5.447 مليون مقابل $870,000 قبل عام، مع ارتفاع 52.38% في صافي دخل الفوائد حتى تاريخ السنة.
التمويل والرأس المال: زادت الودائع الأساسية بشكل كبير حتى تاريخه، انخفضت شهادات الإيداع المجمَّعة بمقدار $30.1 مليون، وتراجعت الأموال المقترضة من $57.0 مليون إلى $15.7 مليون، وبقي رأس المال ذو الرافعة Tier 1 فوق مستوى "مُدنَّى بشكل جيد" عند 7.85%.
Sturgis Bancorp (OTCQX:STBI) 于2025年10月21日公布第三季度净利润为$2.4百万，每股收益（EPS）为$1.09。总资产达到$999百万，净贷款为$781百万，存款总额增长到$894百万。
关键经营趋势：在信用损失准备金收益影响后，3Q25 的净利息收入为$8.4百万（同比增长18.5%），按税等效的净利差为3.54%（环比下降10个基点），公司宣布每股季度股息为$0.17。年初至今的净利润为$5.447百万，上一年的同期为$870,000，且年初至今的净利息收入在拨备后增长了52.38%。
资金与资本：核心存款同比大幅增加，经纪型CD下降了$30.1百万，借入资金从$57.0百万降至$15.7百万，Tier 1杠杆资本维持在高于“充足资本化”的水平，即7.85%。
- YTD net income of $5.447M vs $0.870M a year ago
- YTD net interest income after provision up 52.38%
- Total deposits rose to $894M (≈10.5% YoY)
- Brokered CDs reduced by $30.1M, lowering funding cost
- Borrowed funds reduced from $57.0M to $15.7M
- Year-to-date noninterest income declined 11.73% versus 2024
STURGIS, MI, MI / ACCESS Newswire / October 21, 2025 / Sturgis Bancorp, Inc. (OTCQX:STBI) today reported for the third quarter of 2025:
Key Quarterly Highlights
Net income was
$2.4 million .Earnings per share of
$1.09 .Paid dividend of
$0.17 per share.Total assets increased to
$999 million , with$3.5 million increase in total loans.Deposits increased
$12.0 million to$894 million .Brokered CDs decreased by
$30.1 million .The Bank maintained strong capital ratios, exceeding "well-capitalized" requirements, with Tier 1 leverage capital at
7.85% .
From Jason J. Hyska, Sturgis Bancorp, Inc. Chief Executive Officer
"Our strategic plan continues to be implemented, focused on Relationship banking and deposit gathering. Core deposits have increased by
Quarterly Income Statement Highlights
Net income for the quarter (3Q25) was
$2.4 million , up from last quarter's (2Q25)$1.6 million net income and up from$1.5 million net income for the same quarter of the prior year (3Q24).The increase in net income from 2Q25 was primarily due to the net effect of the following fluctuations:
Revenue increases of
$426,000 in net interest income after the provision for credit losses, as a result of increased yield rates and lower cost of funds;An increase in revenue from mortgage banking activities of
$152,000 ; andAn overall decrease in other expenses of
$211,000.
The increase in net income from 3Q24 was primarily due to the net effect of the following:
Revenue increase of
$1.3 million in net interest income after the provision for credit losses, as a result of increased yield rates and lower cost of funds; andAn increase in compensation and benefits expense of
$321,000.
Earnings per share were
$1.09 for 3Q25,$0.76 for 2Q25, and$0.72 for 3Q24.Net interest income after the provision for credit losses was
$8.4 million during 3Q25, a5.37% increase from 2Q25's$7.9 million . This also is an18.48% increase from 3Q24's$7.1 million . The change from the same quarter a year ago was primarily due to:An increase in total interest and dividend income of
$726,000 due to increased yield rates; andA decrease in total interest expense of
$545,000 due to lower cost of funds.
Tax equivalent net interest margin decreased to
3.54% for 3Q25 from3.64% for 2Q25, while increasing from the3.19% margin in 3Q24.During 3Q25 and 3Q24, there were reversals of the allowance for credit losses of
$62,000 and$28,000 , respectively, due to quarterly net recoveries. During 2Q25$117,000 was provided to the allowance for credit losses.Noninterest income totaled
$2.4 million during 3Q25,$2.2 million during 2Q25, and$2.4 million during 3Q24.Noninterest expenses totaled
$7.9 million during 3Q25,$8.1 million during 2Q25, and$7.6 million during 3Q24.
Year-to-Date Income Statement Highlights
Net income for the first nine months of 2025 (YTD 2025) was
$5.4 million compared to$870,000 for the first nine months of 2024 (YTD 2024), as further discussed below.Earnings per share were
$2.52 for YTD 2025 and$0.40 for YTD 2024.Net interest income after the provision for credit losses was
$24.2 million for YTD 2025, a52.38% increase from YTD 2024's$15.9 million . This increase was due to:Total interest and dividend income of
$37.0 million for YTD 2025, compared to$34.8 million for YTD 2024, as a result of higher yield rates;Interest expense of
$12.9 million for YTD 2025, compared to$14.0 million for YTD 2024 as a result of lower cost of funds; andThere has been a reversal of the allowance on credit losses of
$104,000 for YTD 2025, while$4.8 million was provided to the allowance in YTD 2024. This difference is primarily due to a one-time charge-off of a single customer's loans totaling$5.5 million which occurred during 1Q24.
Noninterest income totaled
$6.8 million for YTD 2025, compared to$7.7 million for YTD 2024. This is an11.73% decrease. This net decrease was primarily due to:Mortgage banking activities of
$1.2 million in YTD 2025, compared to$1.6 million in YTD 2024;Gain on termination of interest rate swaps of
$1.1 million in YTD 2024 with no such gains in YTD 2025; andOffset by investment brokerage commission income of
$2.2 million in YTD 2025, compared to$1.9 million in YTD 2024.
Noninterest expense totaled
$24.2 million for YTD 2025, compared to$22.7 million for YTD 2024. This is a6.74% increase. This increase was due to:Compensation and benefits expense of
$14.6 million for YTD 2025, compared to$13.5 million for YTD 2024;Occupancy and equipment expense of
$3.4 million for YTD 2025, compared to$3.2 million for YTD 2024; andData processing expense of
$1.1 million for YTD 2025, compared to$900,000 for YTD 2024.
Balance Sheet Highlights
Total assets increased to
$999 million as of the end of 3Q25, a1.42% increase from the end of 2Q25's$985 million , and a5.36% increase from the end of 3Q24's$948 million . These increases were primarily comprised of:Cash and cash equivalents ended 3Q25 at
$46.0 million , compared to$39.0 million at the end of 2Q25, and$23.8 million at the end of 3Q24.Net loans ended 3Q25 at
$781 million , compared to$778 million at the end of 2Q25, and$753 million at the end of 3Q24.
Total deposits as of the end of 3Q25 were
$894 million , compared with$882 million at the end of 2Q25, and$809 million at the end of 3Q24. These increases were comprised of:Noninterest-bearing deposits have remained steady with balances of
$163 million ,$165 million , and$162 million at the end of 3Q25, 2Q25, and 3Q24, respectively.Interest-bearing deposits increased primarily in checking and reciprocal deposits to
$732 million at the end of 3Q25, from$718 million at the end of 2Q25 and from$647 million at the end of 3Q24.
Borrowed funds ended 3Q25 and 2Q25 at the same balance of
$15.7 million , decreasing from the$57.0 million balance at the end of 3Q24.Total equity at the end of 3Q25 was
$61.3 million , compared to$58.5 million at the end of 2Q25, and$55.5 million at the end of 3Q24.Book value per share was
$28.29 ($24.15 t angible) at the end of 3Q25, compared to$27.06 ($22.93 t angible) at the end of 2Q25, and$25.74 ($21.55 t angible) at the end of 3Q24.
About Sturgis Bancorp, Inc.
Sturgis Bancorp, Inc. is the holding company for Sturgis Bank & Trust Company (the Bank), and its subsidiaries: Oakleaf Financial Services, Oak Mortgage, Ayres/Oak Insurance, and Oak Title Services. The Bank provides a full array of trust, commercial, and consumer banking services from banking centers in: Sturgis, Bangor, Bronson, Centreville, Climax, Colon, Marshall, Niles, Portage, South Haven, St. Joseph, Three Rivers, and White Pigeon, Michigan. Oakleaf Financial Services offers a complete range of investment and financial-advisory services. Oakleaf Mortgage offers residential mortgages in all markets of the Bank. Ayres/Oak Insurance offers various competitive commercial and consumer insurance products. Oak Title Services offers commercial and consumer title insurance services.
Forward-Looking Statements
This release contains statements that constitute forward-looking statements. These statements appear in several places in this release and include statements regarding intent, belief, outlook, objectives, efforts, estimates, or expectations of Sturgis Bancorp, Inc. (Bancorp), primarily with respect to future events and the future financial performance of Bancorp. Any such forward-looking statements are not guarantees of future events or performance and involve risks and uncertainties, and actual results may differ materially from those in the forward-looking statements. Factors that could cause a difference between an ultimate actual outcome and a preceding forward-looking statement include, but are not limited to, changes in interest rates and interest rate relationships; demand for products and services; the degree of competition by traditional and non-traditional competitors; changes in banking laws and regulations; changes in tax laws; changes in prices, levies, and assessments; the impact of technological advances; government and regulatory policy changes; the outcome of any pending or future litigation and contingencies; trends in consumer behavior and ability to repay loans; and changes in the world, national, and local economies. Bancorp undertakes no obligation to update, amend, or clarify forward-looking statements as a result of new information, future events, or otherwise. The numbers presented herein are unaudited.
For additional information, visit our website at www.sturgis.bank.
Sturgis Bancorp, Inc. Contacts
Jason J. Hyska, CEO & President, or Brian P. Hoggatt, CFO - (269) 651-9345
CONSOLIDATED STATEMENTS OF INCOME
(Unaudited - Amounts in thousands, except share and per share data)
Three Months Ended | ||||||||||||
Sep 30, | Jun 30, | Sep 30, | ||||||||||
Interest and dividend income | ||||||||||||
Loans (including fees) | $ | 11,258 | $ | 11,221 | $ | 10,819 | ||||||
Investment securities: | ||||||||||||
Taxable | 1,174 | 811 | 906 | |||||||||
Tax-exempt | 38 | 38 | 39 | |||||||||
Dividends | 210 | 210 | 190 | |||||||||
Total interest and dividend income | 12,680 | 12,280 | 11,954 | |||||||||
Interest expense | ||||||||||||
Deposits | 4,006 | 3,707 | 3,686 | |||||||||
Borrowed funds | 368 | 514 | 1,233 | |||||||||
Total interest expense | 4,374 | 4,221 | 4,919 | |||||||||
Net interest income | 8,306 | 8,059 | 7,035 | |||||||||
Credit loss expense (benefit) | (62 | ) | 117 | (28 | ) | |||||||
Net interest income, after credit loss expense | 8,368 | 7,942 | 7,063 | |||||||||
Noninterest income | ||||||||||||
Service charges on deposits and other fees | 352 | 334 | 356 | |||||||||
Interchange income | 402 | 364 | 375 | |||||||||
Investment brokerage commission income | 759 | 702 | 646 | |||||||||
Mortgage banking activitives | 463 | 311 | 588 | |||||||||
Trust fee income | 93 | 135 | 97 | |||||||||
Earnings on cash value of bank-owned life insurance | 109 | 107 | 111 | |||||||||
Gain on sale of real estate owned, net | 31 | - | 47 | |||||||||
Proportionate net income from unconsolidated subsidiaries | 208 | 41 | 100 | |||||||||
Other income | 23 | 169 | 47 | |||||||||
Total noninterest income | 2,440 | 2,163 | 2,367 | |||||||||
Noninterest expenses | ||||||||||||
Compensation and benefits | 4,880 | 4,758 | 4,559 | |||||||||
Occupancy and equipment | 1,180 | 1,137 | 1,063 | |||||||||
Data processing | 361 | 378 | 318 | |||||||||
Interchange expenses | 207 | 198 | 174 | |||||||||
Professional services | 122 | 133 | 125 | |||||||||
Advertising | 158 | 255 | 223 | |||||||||
FDIC premiums | 170 | 159 | 176 | |||||||||
Other expenses | 796 | 1,067 | 933 | |||||||||
Total noninterest expenses | 7,874 | 8,085 | 7,571 | |||||||||
Income before income tax expense | 2,934 | 2,020 | 1,859 | |||||||||
Income tax expense | 575 | 378 | 316 | |||||||||
Net income | $ | 2,359 | $ | 1,642 | $ | 1,543 | ||||||
Earnings per share | $ | 1.09 | $ | 0.76 | $ | 0.72 | ||||||
Dividends per share | $ | 0.17 | $ | 0.17 | $ | 0.17 | ||||||
CONSOLIDATED STATEMENTS OF INCOME
(Unaudited - Amounts in thousands, except share and per share data)
Nine Months Ended | ||||||||
Sep 30, | Sep 30, | |||||||
Interest and dividend income | ||||||||
Loans (including fees) | $ | 33,409 | $ | 31,554 | ||||
Investment securities: | ||||||||
Taxable | 2,812 | 2,471 | ||||||
Tax-exempt | 115 | 138 | ||||||
Dividends | 632 | 509 | ||||||
Total interest and dividend income | 36,968 | 34,672 | ||||||
Interest expense | ||||||||
Deposits | 11,374 | 11,213 | ||||||
Borrowed funds | 1,518 | 2,791 | ||||||
Total interest expense | 12,892 | 14,004 | ||||||
Net interest income | 24,076 | 20,668 | ||||||
Credit loss expense | (104 | ) | 4,800 | |||||
Net interest income, after credit loss expense | 24,180 | 15,868 | ||||||
Noninterest income | ||||||||
Service charges on deposits and other fees | 1,004 | 1,036 | ||||||
Interchange income | 1,082 | 1,033 | ||||||
Investment brokerage commission income | 2,159 | 1,881 | ||||||
Mortgage banking activitives | 1,225 | 1,561 | ||||||
Trust fee income | 326 | 350 | ||||||
Earnings on cash value of bank-owned life insurance | 321 | 325 | ||||||
Gain on sale of real estate owned, net | 32 | 75 | ||||||
Gain on termination of interest rate swap | - | 1,070 | ||||||
Proportionate net income from unconsolidated subsidiaries | 420 | 274 | ||||||
Other income | 209 | 74 | ||||||
Total noninterest income | 6,778 | 7,679 | ||||||
Noninterest expenses | ||||||||
Compensation and benefits | 14,621 | 13,468 | ||||||
Occupancy and equipment | 3,449 | 3,157 | ||||||
Data processing | 1,088 | 895 | ||||||
Interchange expenses | 587 | 505 | ||||||
Professional services | 444 | 415 | ||||||
Advertising | 631 | 636 | ||||||
FDIC premiums | 505 | 554 | ||||||
Other expenses | 2,914 | 3,054 | ||||||
Total noninterest expenses | 24,239 | 22,684 | ||||||
Income before income tax expense | 6,719 | 863 | ||||||
Income tax expense (benefit) | 1,272 | (7 | ) | |||||
Net income | $ | 5,447 | $ | 870 | ||||
Earnings per share | $ | 2.52 | $ | 0.40 | ||||
Dividends per share | $ | 0.51 | $ | 0.51 | ||||
CONSOLIDATED BALANCE SHEETS
(Unaudited - Amounts in thousands, except share and per share data)
Sep 30, | Jun 30, | Sep 30, | ||||||||||
ASSETS | ||||||||||||
Cash and due from banks | $ | 12,289 | $ | 12,688 | $ | 12,642 | ||||||
Other short-term investments | 33,703 | 26,295 | 11,199 | |||||||||
Total cash and cash equivalents | 45,992 | 38,983 | 23,841 | |||||||||
Securities - available-for-sale | 77,111 | 76,546 | 80,867 | |||||||||
Securities - held-to-maturity | 18,490 | 18,748 | 19,722 | |||||||||
Federal Home Loan Bank stock | 9,786 | 9,786 | 9,786 | |||||||||
Loans held for sale | 5,784 | 3,725 | 3,664 | |||||||||
Loans, net of allowance for credit losses of | ||||||||||||
and | 781,236 | 777,728 | 752,660 | |||||||||
Premises and equipment, net | 19,485 | 19,629 | 18,546 | |||||||||
Goodwill | 5,834 | 5,834 | 5,834 | |||||||||
Mortgage servicing rights | 3,125 | 3,103 | 3,198 | |||||||||
Bank-owned life insurance | 15,723 | 15,614 | 16,158 | |||||||||
Accrued interest receivable | 3,619 | 3,690 | 3,504 | |||||||||
Other assets | 12,770 | 11,617 | 10,352 | |||||||||
Total assets | $ | 998,955 | $ | 985,003 | $ | 948,132 | ||||||
LIABILITIES AND STOCKHOLDERS' EQUITY | ||||||||||||
Liabilities | ||||||||||||
Deposits | ||||||||||||
Noninterest-bearing | $ | 162,894 | $ | 164,532 | $ | 162,254 | ||||||
Interest-bearing | 731,570 | 717,923 | 646,734 | |||||||||
Total deposits | 894,464 | 882,455 | 808,988 | |||||||||
Federal Home Loan Bank advances and other borrowings | 15,680 | 15,680 | 57,000 | |||||||||
Subordinated debentures | 14,980 | 14,959 | 14,898 | |||||||||
Accrued interest payable | 1,912 | 2,039 | 2,380 | |||||||||
Other liabilities | 10,644 | 11,325 | 9,350 | |||||||||
Total liabilities | 937,680 | 926,458 | 892,616 | |||||||||
Stockholders' equity | ||||||||||||
Common stock - | ||||||||||||
issued and outstanding - 2,165,941 shares at 3Q25; | ||||||||||||
2,163,691 shares at 2Q25; and 2,156,941 shares at 3Q24 | 2,166 | 2,164 | 2,157 | |||||||||
Additional paid-in capital | 8,817 | 8,776 | 8,660 | |||||||||
Retained earnings | 57,743 | 55,751 | 51,801 | |||||||||
Accumulated other comprehensive (loss) | (7,451 | ) | (8,146 | ) | (7,102 | ) | ||||||
Total stockholders' equity | 61,275 | 58,545 | 55,516 | |||||||||
Total liabilities and stockholders' equity | $ | 998,955 | $ | 985,003 | $ | 948,132 | ||||||
SOURCE: Sturgis Bancorp, Inc.
View the original press release on ACCESS Newswire
FAQ
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