Total Assets
$998M
Total balance-sheet footings
FDIC Cert #28593 · Sturgis, Michigan · Est. 1905
Sturgis Bank & Trust Company - FDIC Bank Health Profile
A community-scale look at Sturgis Bank & Trust Company's own numbers, pulled straight from its quarterly FDIC Call Report.
- $998M
- Total assets
- C
- Health grade · Fair
- 0.92%
- Return on assets
- 11.5%
- Tier 1 capital
Data updated July 2026
The verdict
Sturgis Bank & Trust Company earns a PlainBankData health grade of C (62/100), with well-capitalized at 11.46% Tier 1, 0.92% ROA, 75% efficiency ratio.
- #1,044
- largest of 4,313 FDIC banks by assets
- 76th
- percentile by asset size, nationally
- 11.46%
- Tier 1 ratio - above the 10% well-capitalized line
- 37th
- percentile for profitability (ROA), nationally
This grade is PlainBankData's own interpretation of the bank's Call Report, not an FDIC rating, deposits here stay federally insured to $250,000 per depositor, per category, regardless of grade.
How Sturgis Bank & Trust Company's 62/100 score adds up
Each factor is scored from this bank's own FDIC Call Report figures, then summed to the composite health score.
Sturgis Bank & Trust Company's composite health score
Tier 1 Capital Ratio (11.46%) 28/40
Return on Assets (ROA) (0.92%) 14/25
Texas Ratio (12.12%) 16/20
Efficiency Ratio (74.94%) 4/15
62 of 100 points earned across four weighted factors. See our methodology for the full scoring formula.
Balance sheet at a glance
Total Deposits
$893M
Customer-funded liabilities
Net Loans
$785M
Outstanding loan book
Net Income
$9M
Bottom-line earnings
Capital adequacy vs federal thresholds
Where Sturgis Bank & Trust Company ranks
Every one of the 4,307 FDIC-insured banks with a computed health score, bucketed by score. Sturgis Bank & Trust Company's score of 62/100 falls in the highlighted band.
Sturgis Bank & Trust Company'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). Sturgis Bank & Trust Company's $998M falls in the highlighted band.
Safety metrics
Tier 1 capital ratio
Well-capitalized 10%
11.46% of risk-weighted assets - above the federal "well-capitalized" threshold of 10%.
Tier 1 Capital Ratio
11.46%
Texas Ratio
12.12%
Equity Capital
$78M
Profitability metrics
Return on Assets (ROA)
37th percentile nationally
0.92%
Return on Equity (ROE)
12.25%
Efficiency Ratio
74.94%
What the numbers say about Sturgis Bank & Trust Company
Sturgis Bank & Trust Company is an FDIC-insured institution (Certificate #28593) headquartered in Sturgis, Michigan, established in 1905. It holds $998M in total assets - 1,044th of 4,313 FDIC-insured banks, $893M in customer deposits, and $785M in net loans. Looking at capital strength, Tier 1 stands at 11.46%, over the 10% well-capitalized line regulators set, while the Texas Ratio comes in at 12.12%, comfortably below the 50% caution mark. It earns a PlainBankData health grade of C (62/100), 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, Sturgis Bank & Trust Company ranks 19th of 73 FDIC-insured banks by asset size -- a mid-sized institution, neither among the state's largest nor its smallest.
Income & expense breakdown
$50M
Interest Income
$9M
Non-Interest Income
$32M
Non-Interest Expense
Asset quality, Texas Ratio detail
The Texas Ratio compares troubled assets to the capital available to absorb losses. Sturgis Bank & Trust Company reports a Texas Ratio of 12.12% - comfortably in the healthy band; non-performing loans are a small fraction of the bank’s loss-absorbing capital.
Texas Ratio
Caution 50%
12.12% - 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) Sturgis Bank & Trust Company (FDIC Cert #28593) - 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 Sturgis Bank & Trust Company's health grade?▼
Sturgis Bank & Trust Company receives a health grade of C (62/100) based on four FDIC financial metrics: Tier 1 Capital Ratio (40%), Return on Assets (25%), Texas Ratio (20%), and Efficiency Ratio (15%). This bank meets regulatory minimums but has some areas of financial weakness to monitor.
How large is Sturgis Bank & Trust Company?▼
Sturgis Bank & Trust Company holds $998M in total assets and $893M in deposits, ranking 1,044th of 4,313 FDIC-insured banks by asset size. It is headquartered in Sturgis, Michigan.
Is my money safe at Sturgis Bank & Trust Company?▼
Yes, deposits at Sturgis Bank & Trust Company (Certificate #28593) are FDIC-insured up to $250,000 per depositor, per ownership category, regardless of health grade.
What is Sturgis Bank & Trust Company's Tier 1 Capital Ratio?▼
Sturgis Bank & Trust Company has a Tier 1 Capital Ratio of 11.46%. This exceeds the 10% threshold for "well-capitalized" status under federal banking regulations.
What is the Texas Ratio for Sturgis Bank & Trust Company?▼
Sturgis Bank & Trust Company has a Texas Ratio of 12.12%. 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 Sturgis Bank & Trust Company?▼
Sturgis Bank & Trust Company has an Efficiency Ratio of 74.94%. 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 Sturgis Bank & Trust Company's profile as a depositor or analyst.
- Sturgis Bank & Trust Company's grade reflects capital, profitability, and asset quality, read the four pillars before drawing conclusions. How grades work
- Compare Sturgis Bank & Trust Company 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.