Sturgis Bancorp Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	41.4	20.8	40.01	14.99	39.52
Investment Securities	103.86	96.51	73.52	85.23	107.98
Total Investments	103.86	96.51	73.52	85.23	107.98
Gross Loans	788.94	777.72	749.66	706.58	549.23
Allowance for Loan Losses	-9.01	-9.29	-10.2	-7.14	-7.03
Net Loans	779.92	768.43	739.46	699.44	542.2
Property, Plant & Equipment	18.66	18.71	19.14	17.43	13.23
Goodwill	5.83	5.83	5.83	5.83	5.83
Other Intangible Assets	-	-	-	-	0.05
Loans Held for Sale	4.6	3.66	2.26	0.66	7.29
Accrued Interest Receivable	3.43	3.41	3.1	2.69	1.89
Other Real Estate Owned & Foreclosed	0.8	0.15	0.13	0.38	-
Other Long-Term Assets	30.37	29.1	28.73	29.74	25.79
Total Assets	998.66	956.39	919.47	864.78	751.74
Interest Bearing Deposits	718.6	656.08	639.04	556.54	438.69
Non-Interest Bearing Deposits	166.05	157.78	159.9	162.98	145.5
Total Deposits	884.65	813.86	798.94	719.52	584.19
Accrued Interest Payable	1.85	2.6	1.65	0.76	0.43
Long-Term Debt	-	14.92	14.84	14.76	14.67
Federal Home Loan Bank Debt, Long-Term	30.68	61.1	40	71	89
Other Long-Term Liabilities	18.22	8.5	8.28	6.23	11.01
Total Liabilities	935.41	900.98	863.7	812.26	699.3
Common Stock	2.17	2.16	2.15	2.14	2.13
Additional Paid-In Capital	8.87	8.7	8.56	8.39	8.21
Retained Earnings	59.39	53.4	52.03	48.99	43.82
Comprehensive Income & Other	-7.16	-8.85	-6.97	-7	-1.73
Shareholders' Equity	63.26	55.41	55.77	52.52	52.44
Total Liabilities & Equity	998.66	956.39	919.47	864.78	751.74
Total Debt	30.68	76.02	54.84	85.76	103.67
Net Cash (Debt)	10.72	-55.22	-14.83	-70.77	-63.66
Net Cash Per Share	4.96	-25.71	-6.92	-33.14	-29.90
Filing Date Shares Outstanding	2.17	2.16	2.15	2.14	2.13
Total Common Shares Outstanding	2.17	2.16	2.15	2.14	2.13
Book Value Per Share	29.17	25.66	25.94	24.55	24.59
Tangible Book Value	57.42	49.58	49.93	46.68	46.55
Tangible Book Value Per Share	26.48	22.96	23.22	21.83	21.83

Source: S&P Global Market Intelligence. Banks template. Financial Sources.