Sturgis Bancorp Balance Sheet

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Cash & Equivalents	38.98	20.8	40.01	14.99	39.52	67.84
Investment Securities	95.29	96.51	73.52	85.23	107.98	74.31
Total Investments	95.29	96.51	73.52	85.23	107.98	74.31
Gross Loans	786.98	777.72	749.66	706.58	549.23	451.32
Allowance for Loan Losses	-9.25	-9.29	-10.2	-7.14	-7.03	-6.23
Net Loans	777.73	768.43	739.46	699.44	542.2	445.09
Property, Plant & Equipment	19.63	18.71	19.14	17.43	13.23	11.84
Goodwill	5.83	5.83	5.83	5.83	5.83	5.83
Other Intangible Assets	-	-	-	-	0.05	0.08
Loans Held for Sale	3.73	3.66	2.26	0.66	7.29	6.83
Accrued Interest Receivable	3.69	3.41	3.1	2.69	1.89	2.46
Other Real Estate Owned & Foreclosed	-	0.15	0.13	0.38	-	0.34
Other Long-Term Assets	30.33	29.1	28.73	29.74	25.79	24.06
Total Assets	985	956.39	919.47	864.78	751.74	643.61
Interest Bearing Deposits	717.92	656.08	639.04	556.54	438.69	383.46
Non-Interest Bearing Deposits	164.53	157.78	159.9	162.98	145.5	124.43
Total Deposits	882.46	813.86	798.94	719.52	584.19	507.9
Accrued Interest Payable	2.04	2.6	1.65	0.76	0.43	0.48
Long-Term Debt	14.96	14.92	14.84	14.76	14.67	14.6
Federal Home Loan Bank Debt, Long-Term	15.68	61.1	40	71	89	61.5
Other Long-Term Liabilities	11.33	8.5	8.28	6.23	11.01	12.02
Total Liabilities	926.46	900.98	863.7	812.26	699.3	596.49
Common Stock	2.16	2.16	2.15	2.14	2.13	2.12
Additional Paid-In Capital	8.78	8.7	8.56	8.39	8.21	8.05
Retained Earnings	55.75	53.4	52.03	48.99	43.82	38.84
Comprehensive Income & Other	-8.15	-8.85	-6.97	-7	-1.73	-1.9
Shareholders' Equity	58.55	55.41	55.77	52.52	52.44	47.11
Total Liabilities & Equity	985	956.39	919.47	864.78	751.74	643.61
Total Debt	30.64	76.02	54.84	85.76	103.67	76.1
Net Cash (Debt)	8.34	-55.22	-14.83	-70.77	-63.66	-7.02
Net Cash Per Share	3.90	-25.71	-6.92	-33.14	-29.90	-3.32
Filing Date Shares Outstanding	2.16	2.16	2.15	2.14	2.13	2.12
Total Common Shares Outstanding	2.16	2.16	2.15	2.14	2.13	2.12
Book Value Per Share	27.06	25.66	25.94	24.55	24.59	22.19
Tangible Book Value	52.71	49.58	49.93	46.68	46.55	41.2
Tangible Book Value Per Share	24.36	22.96	23.22	21.83	21.83	19.40

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