Total Assets
$1.7B
Total balance-sheet footings
FDIC Cert #5019 · Coldwater, Michigan · Est. 1872
Southern Michigan Bank & Trust - FDIC Bank Health Profile
A community-scale look at Southern Michigan Bank & Trust's own numbers, pulled straight from its quarterly FDIC Call Report.
- $1.7B
- Total assets
- B
- Health grade · Good
- 0.91%
- Return on assets
- 11.0%
- Tier 1 capital
Data updated July 2026
The verdict
Southern Michigan Bank & Trust earns a PlainBankData health grade of B (66/100), with well-capitalized at 11.01% Tier 1, 0.91% ROA, 65% efficiency ratio.
- #671
- largest of 4,313 FDIC banks by assets
- 84th
- percentile by asset size, nationally
- 11.01%
- Tier 1 ratio - above the 10% well-capitalized line
- 36th
- percentile for profitability (ROA), nationally
PlainBankData assigns this grade from public Call Report data; it isn't an official FDIC rating, and your deposits remain insured to $250,000 per depositor, per ownership category no matter the score.
How Southern Michigan Bank & Trust's 66/100 score adds up
Each factor is scored from this bank's own FDIC Call Report figures, then summed to the composite health score.
Southern Michigan Bank & Trust's composite health score
Tier 1 Capital Ratio (11.01%) 28/40
Return on Assets (ROA) (0.91%) 14/25
Texas Ratio (7.55%) 16/20
Efficiency Ratio (65.18%) 8/15
66 of 100 points earned across four weighted factors. See our methodology for the full scoring formula.
Balance sheet at a glance
Total Deposits
$1.4B
Customer-funded liabilities
Net Loans
$1.3B
Outstanding loan book
Net Income
$15M
Bottom-line earnings
Capital adequacy vs federal thresholds
Where Southern Michigan Bank & Trust ranks
Every one of the 4,307 FDIC-insured banks with a computed health score, bucketed by score. Southern Michigan Bank & Trust's score of 66/100 falls in the highlighted band.
Southern Michigan Bank & Trust's size among FDIC-insured banks
Every one of the 4,307 FDIC-insured banks with reported assets, bucketed by total-asset scale (note the buckets are powers of 10, most banks cluster in the $100M-$1B range). Southern Michigan Bank & Trust's $1.7B falls in the highlighted band.
Safety metrics
Tier 1 capital ratio
Well-capitalized 10%
11.01% of risk-weighted assets - above the federal "well-capitalized" threshold of 10%.
Tier 1 Capital Ratio
11.01%
Texas Ratio
7.55%
Equity Capital
$150M
Profitability metrics
Return on Assets (ROA)
36th percentile nationally
0.91%
Return on Equity (ROE)
10.25%
Efficiency Ratio
65.18%
What the numbers say about Southern Michigan Bank & Trust
Southern Michigan Bank & Trust is an FDIC-insured institution (Certificate #5019) headquartered in Coldwater, Michigan, established in 1872. It holds $1.7B in total assets - 671st of 4,313 FDIC-insured banks, $1.4B in customer deposits, and $1.3B in net loans. On safety, its Tier 1 capital ratio of 11.01% is above the 10% well-capitalized threshold, and its Texas Ratio of 7.55% sits in the healthy range below 50%. It earns a PlainBankData health grade of B (66/100), a composite of Tier 1 capital, ROA, the Texas Ratio, and efficiency. All of it traces back to the bank's own quarterly FDIC Call Report filing.
Within Michigan, Southern Michigan Bank & Trust ranks 9th of 73 FDIC-insured banks by asset size -- a mid-sized institution, neither among the state's largest nor its smallest.
Income & expense breakdown
$83M
Interest Income
$10M
Non-Interest Income
$38M
Non-Interest Expense
Asset quality, Texas Ratio detail
The Texas Ratio compares troubled assets to the capital available to absorb losses. Southern Michigan Bank & Trust reports a Texas Ratio of 7.55% - comfortably in the healthy band; non-performing loans are a small fraction of the bank’s loss-absorbing capital.
Texas Ratio
Caution 50%
7.55% - lower is safer; 100% is the level at which troubled assets equal loss-absorbing capital.
Top banks in Michigan by total assets
Source: FDIC BankFind Suite, Call Report (FFIEC 031/041) Southern Michigan Bank & Trust (FDIC Cert #5019) - Tier 1 capital ratio, total assets, deposits, ROA/ROE · 2025 FDIC Call Reports filed quarterly; latest publicly-available vintage shown. Health grades are PlainBankData's interpretation of regulatory filings and are not official FDIC ratings.
Other banks in Michigan
All Michigan banks →| Bank | Assets | Grade | ROA |
|---|---|---|---|
| Northpointe BankGrand Rapids | $7.0B | B | 1.39% |
| First National Bank of AmericaEast Lansing | $6.7B | A | 2.94% |
| Mercantile BankGrand Rapids | $6.2B | A | 1.61% |
| Independent BankGrand Rapids | $5.5B | B | 1.33% |
| ChoiceOne BankSparta | $4.4B | B | 0.79% |
| Macatawa Bank, National AssociationHolland | $3.7B | A | 1.39% |
| Bank of Ann ArborAnn Arbor | $3.3B | A | 1.72% |
| Isabella BankMount Pleasant | $2.2B | B | 1.02% |
Frequently asked questions
What is Southern Michigan Bank & Trust's health grade?▼
Southern Michigan Bank & Trust receives a health grade of B (66/100) based on four FDIC financial metrics: Tier 1 Capital Ratio (40%), Return on Assets (25%), Texas Ratio (20%), and Efficiency Ratio (15%). This bank shows good financial health with solid capital levels above regulatory minimums.
How large is Southern Michigan Bank & Trust?▼
Southern Michigan Bank & Trust holds $1.7B in total assets and $1.4B in deposits, ranking 671st of 4,313 FDIC-insured banks by asset size. It is headquartered in Coldwater, Michigan.
Is my money safe at Southern Michigan Bank & Trust?▼
Yes, deposits at Southern Michigan Bank & Trust (Certificate #5019) are FDIC-insured up to $250,000 per depositor, per ownership category, regardless of health grade.
What is Southern Michigan Bank & Trust's Tier 1 Capital Ratio?▼
Southern Michigan Bank & Trust has a Tier 1 Capital Ratio of 11.01%. This exceeds the 10% threshold for "well-capitalized" status under federal banking regulations.
What is the Texas Ratio for Southern Michigan Bank & Trust?▼
Southern Michigan Bank & Trust has a Texas Ratio of 7.55%. A ratio below 50% is generally considered healthy. The Texas Ratio measures non-performing loans against equity and reserves, a higher ratio signals greater exposure to loan losses.
How efficient is Southern Michigan Bank & Trust?▼
Southern Michigan Bank & Trust has an Efficiency Ratio of 65.18%. Above 60% means a larger share of revenue goes to operating costs. This metric compares non-interest expenses to total revenue.
What to do with this
How to read Southern Michigan Bank & Trust's profile as a depositor or analyst.
- Southern Michigan Bank & Trust's grade reflects capital, profitability, and asset quality, read the four pillars before drawing conclusions. How grades work
- Compare Southern Michigan Bank & Trust against other Michigan banks before moving funds. Michigan banks
Not financial advice. Health grades are PlainBankData's interpretation of public FDIC Call Report data, not official FDIC ratings or predictions. Verify the latest figures at the FDIC BankFind Suite.
Every figure on PlainBankData is rendered directly from FDIC federal source data, no number is typed in by an editor. Informational only, not professional advice; consult a qualified professional before acting on it. See our editorial standards & corrections policy, the methodology behind these numbers, or report a data error. Data current as of Q4 2025.
Disclaimer: Data from the FDIC BankFind Suite. PlainBankData does not rate or rank banks as investment or safety recommendations. Health grades are informational only, computed from public regulatory filings. Always verify current standing directly with FDIC.gov before making financial decisions.