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Southern Michigan Bank & Trust
Coldwater, MI · FDIC Certificate #5019 · Chartered 01/1
Total assets
$1.68B
Total deposits
$1.40B
Total equity
$155.69M
Net loans
$1.26B
Branches (offices)
20
Net income (YTD)
$7.19M
Rank: #673 of 4,213 U.S. banks by assets · #9 of 72 in Michigan. Assets changed 7.1% and deposits 7.1% over the year to June 30, 2026.
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Key ratios
| Return on assets (YTD, annualized by FDIC) | 0.85% |
| Return on equity | 9.43% |
| Net interest margin (YTD) | 3.48% |
| Equity to assets | 9.26% |
| Tier 1 leverage ratio | 9.04% |
| Uninsured deposits (share of deposits) | 33.6% |
| Noncurrent loans (share of loans) | 0.92% |
| Net charge-offs (share of loans) | 0.13% |
| Loans to deposits | 89.9% |
| Real estate loans (share of loans) | 84.2% |
Loan mix
| Category | Amount | Share | |
|---|---|---|---|
| Real estate loans | $1.06B | 84.2% | |
| Commercial & industrial | $173.09M | 13.7% | |
| Consumer / individual | $6.55M | 0.5% | |
| Construction & development | $40.67M | 3.2% | |
| Agricultural | $28.14M | 2.2% |
Five-year trend (June snapshots)
| Period | Total assets | Deposits | Net income (year to date) | Equity / net worth |
|---|---|---|---|---|
| Jun 2022 | $1.18B | $1.04B | $6.68M | $106.74M |
| Jun 2023 | $1.41B | $1.19B | $6.49M | $114.90M |
| Jun 2024 | $1.45B | $1.21B | $5.71M | $128.25M |
| Jun 2025 | $1.57B | $1.31B | $7.43M | $140.89M |
| Jun 2026 | $1.68B | $1.40B | $7.19M | $155.69M |
Where its branch deposits sit (FDIC Summary of Deposits)
| State | Branch deposits | Offices |
|---|---|---|
| Michigan | $1.40B | 20 |
Branch deposits are booked at the office that holds them, which is not always where the customer lives. Total across all offices: $1.40B.
Similar-sized banks
Community National Bank & Trust Of Texas ($1.68B) · Cape & Coast Bank ($1.68B)
Source: FDIC BankFind - Call Report and institution data as of June 30, 2026; branch deposits from the FDIC Summary of Deposits (June 30, 2026). See methodology.
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