Southern Michigan Bank & Trust in Coldwater, Michigan (MI)
Overview, Financial Summary, Detailed Financial Reports, Branches


  • Southern Michigan Bank & Trust in Coldwater, Michigan (MI)
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Southern Michigan Bank & Trust routing number info

Southern Michigan Bank & Trust - Overview

  • General
  • FDIC Certificate #: 5019
    Status: Active
    Federal Reserve ID: 822042
    Bank Holding Company (Regulatory Top Holder): Southern Michigan Bancorp, Inc. (RSSDID: 1207824, Location: Coldwater, MI)
    Date Established: January 16, 1872
    WWW: http://www.smb-t.com
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 17 (Domestic: 17, Interstate: No)
    OTS Docket #: 9655
    FDIC's unique #: 3348
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: April 25, 2009
    Last Structure Change Process Date: May 20, 2009
    Last Data Update: May 20, 2009
    Data Source Date: April 05, 2012
  • Location
  • Address: 45-51 West Pearl Street, Coldwater, MI 49036
    County: Branch
    Quarterly Banking Profile Region: Chicago
    FDIC Geographic Region: Chicago
    FDIC Supervisory Region: Chicago
    FDIC Field Office: Grand Rapids
    Office of the Comptroller the Currency (OCC) District: Central
    Office of Thrift Supervision Region: Central
    Core Based Statistical Area (CBSA): Coldwater, MI (#17740)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Participated in Absorption/Consolidation/Merger
  • Financial Summary
  • Total assets: $508.6 mil
    Equity capital: $57.9 mil
    Deposits held in domestic offices: $421.5 mil
    Return on assets (ROA): 0.74% ($3.8 mil)
    Quarterly return on assets: 0.84% ($4.3 mil)
    Return on Equity (ROE): 6.52% ($3.8 mil)
    Quarterly return on equity: 7.43% ($4.3 mil)
    Net income: $3.7 mil
    Quarterly Net income: $1.1 mil
    Pretax return on assets: 0.96% ($4,882.4 mil)
    Quarterly Pretax return on assets: 1.13% ($5,746.9 mil)

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2011)

  • Dollar figures in thousands
  • 171Total employees (full-time equivalent)
  • $508,579Total assets
  • $42,185Cash and due from depository institutions
  • $30,691Interest-bearing balances
  • $90,344Securities
  • $287Federal funds sold & reverse repurchase agreements
  • $328,480Net loans & leases
  • $5,412Loan loss allowance
  • $0Trading account assets
  • $11,437Bank premises and fixed assets
  • $1,530Other real estate owned
  • $16,057Goodwill and other intangibles
  • $508,579Life insurance assets
  • $18,259All other assets
  • $450,632Total liabilities and capital
  • $421,489Total liabilities
  • $398,947Total deposits
  • $421,489Interest-bearing deposits
  • $82Deposits held in domestic offices
  • 18074.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $6,117Trading liabilities
  • $0Other borrowed funds
  • $4,952Subordinated debt
  • $57,947All other liabilities
  • $57,947Total equity capital
  • $57,947Total bank equity capital
  • $0Perpetual preferred stock
  • $1,439Common stock
  • $47,932Surplus
  • $8,576Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $1,088Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $5,709Income earned, not collected on loans
  • $0Earning assets
  • $2,148Long-term assets (5+ years)
  • $449,802Average Assets, year-to-date
  • $48,923Average Assets, quarterly
  • $499,640Volatile liabilities
  • $511,612Insider loans
  • $344,651FHLB advances
  • $499,064Loans and leases held for sale
  • $10,312Unused loan commitments
  • $10,312Tier 1 (core) risk-based capital
  • $42,756Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $77,147Restructured Loans and leases
  • $13,661Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $19,662Total interest income
  • $3,364Total interest expense
  • $16,298Net interest income
  • $1,050Provision for loan and lease losses
  • $6,305Total noninterest income
  • $1,120Fiduciary activities
  • $2,032Service charges on deposit accounts
  • $0Trading account gains & fees
  • $3,153Additional noninterest income
  • $16,781Total noninterest expense
  • $9,867Salaries and employee benefits
  • $2,054Premises and equipment expense
  • $4,860Additional noninterest expense
  • $4,772Pre-tax net operating income
  • $29Securities gains (losses)
  • $1,119Applicable income taxes
  • $3,682Income before extraordinary items
  • $0Extraordinary gains - net
  • $3,682Net income attributable to bank
  • $0Net charge-offs
  • $3,682Cash dividends
  • $1,332Sale, conversion, retirement of capital stock, net
  • $1,437Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.45%Yield on earning assets
  • 0.76%Cost of funding earning assets
  • 3.69%Net interest margin
  • 1.43%Noninterest income to earning assets
  • 3.80%Noninterest expense to earning assets
  • 0.73%Net operating income to assets
  • 0.74%Return on assets (ROA)
  • 0.96%Pretax return on assets
  • 6.52%Return on equity (ROE)
  • 3.97%Retained earnings to average equity (YTD only)
  • 0.42%Net charge-offs to loans
  • 78.83%Credit loss provision to net charge-offs
  • 4.37%Efficiency ratio
  • 72,743Assets per employee
  • 2.97%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 39.03%Loss allowance to loans
  • 1.62%Loss allowance to noncurrent loans
  • 94.80%Noncurrent assets plus other real estate owned to assets
  • 1.42%Noncurrent loans to loans
  • 1.71%Net loans and leases to deposits
  • 77.93%Net loans and leases to core deposits
  • 82.94%Equity capital to assets
  • 11.39%Core capital (leverage) ratio
  • 8.57%Tier 1 risk-based capital ratio
  • 12.41%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $499,640Average earning assets
  • $56,484Average equity
  • $441,425Average loans

Total Fiduciary and Related Assets (December 31, 2011)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $171,516Managed Assets
  • 1Number of Accounts
  • $168,195Personal trust and agency accounts
  • $64,066Employee benefit-defined contribution accounts
  • $12,166Employee benefit-defined benefit accounts
  • $1,449Other retirement accounts
  • $18,178Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $59,607Other fiduciary accounts
  • $10,028Fiduciary accounts held in foreign offices
  • $2,701Non-managed Assets
  • 466Number of Accounts
  • $0Personal trust and agency accounts
  • $17,612Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $3,321Other retirement accounts
  • $233Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $3,088Fiduciary accounts held in foreign offices

List of branches

  • 17 Michigan Branches as of April 05, 2012
    • NoIDNameAddressEstablishedService TypeMap
    03348Southern Michigan Bank & Trust45-51 West Pearl Street, Coldwater, MI 49036January 16, 1872Full Service Brick and Mortar
    1206425Shopping Center Branch51 West Pearl Street, Coldwater, MI 49036June 28, 1962Limited Service Facility
    2206426Union City Branch225 North Broadway, Union City, MI 49094September 01, 1965Full Service Brick and Mortar
    3206427Tekonsha Branch202 North Main Street, Tekonsha, MI 49092April 01, 1969Full Service Brick and Mortar
    4206428The Motor Bank Branch405 North Broadway, Union City, MI 49094July 15, 1974Limited Service Facility
    5206429East Chicago Branch441 East Chicago Street, Coldwater, MI 49036April 18, 1977Limited Service Facility
    7231482Camden Branch107 North Main Street, Camden, MI 49232July 11, 1963Limited Service Facility
    8231488Hillsdale Branch10 East Carlton Road, Hillsdale, MI 49242June 18, 1980Full Service Brick and Mortar
    11206431Battle Creek Branch5350 Beckley Road, B Drive North, Battle Creek, MI 49015August 13, 1990Full Service Brick and Mortar
    13206433Chicago Street Branch2 West Chicago Street, Suite A, Coldwater, MI 49036Febuary 12, 1996Full Service Brick and Mortar
    17462491Marshall Branch1110 West Michigan Avenue, Marshall, MI 49068April 16, 2007Full Service Brick and Mortar
    183371Fnb Financial Branch88 North Main Street, Three Rivers, MI 49093January 01, 1864Full Service Brick and Mortar
    19207013North Main Branch1200 North Main Street, Three Rivers, MI 49093December 17, 1979Limited Service Facility
    20207014Westland Branch58665 U.S. 131, Three Rivers, MI 49093March 11, 1980Full Service Brick and Mortar
    21207015Constantine Branch345 North Washington, Constantine, MI 49042January 07, 1991Full Service Brick and Mortar
    22206809Mendon Branch136 North Nottawa, Mendon, MI 49072December 20, 1967Full Service Brick and Mortar
    23207016Centreville Branch235 East Main Street, Centreville, MI 49032May 06, 1998Full Service Brick and Mortar

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