Sturgis Bancorp, Inc. (STBI)

Sturgis Bancorp Balance Sheet

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Cash & Equivalents	21.13	40.01	14.99	39.52	67.84	23.2
Investment Securities	99.41	73.52	85.23	107.98	74.31	39.85
Mortgage-Backed Securities	-	-	-	-	-	19.83
Total Investments	99.41	73.52	85.23	107.98	74.31	59.68
Gross Loans	762.26	749.66	706.58	549.23	451.32	355.98
Allowance for Loan Losses	-9.5	-10.2	-7.14	-7.03	-6.23	-3.45
Net Loans	752.76	739.46	699.44	542.2	445.09	352.53
Property, Plant & Equipment	18.7	19.14	17.43	13.23	11.84	9.37
Goodwill	5.83	5.83	5.83	5.83	5.83	5.83
Other Intangible Assets	-	-	-	0.05	0.08	0.11
Loans Held for Sale	2.45	2.26	0.66	7.29	6.83	2.98
Accrued Interest Receivable	3.44	3.1	2.69	1.89	2.46	1.61
Other Real Estate Owned & Foreclosed	0.25	0.13	0.38	-	0.34	0.19
Other Long-Term Assets	29.89	28.73	29.74	25.79	24.06	14.26
Total Assets	942.42	919.47	864.78	751.74	643.61	473.37
Interest Bearing Deposits	631.39	639.04	556.54	438.69	383.46	241.5
Institutional Deposits	-	-	-	-	-	21.69
Non-Interest Bearing Deposits	169	159.9	162.98	145.5	124.43	89.75
Total Deposits	800.39	798.94	719.52	584.19	507.9	352.94
Current Portion of Long-Term Debt	-	-	-	-	-	37.5
Accrued Interest Payable	1.87	1.65	0.76	0.43	0.48	0.44
Long-Term Debt	14.88	14.84	14.76	14.67	14.6	-
Federal Home Loan Bank Debt, Long-Term	65	40	71	89	61.5	32.5
Pension & Post-Retirement Benefits	-	-	-	-	-	1.86
Other Long-Term Liabilities	6.82	8.28	6.23	11.01	12.02	4.57
Total Liabilities	888.96	863.7	812.26	699.3	596.49	429.8
Common Stock	2.16	2.15	2.14	2.13	2.12	2.11
Additional Paid-In Capital	8.62	8.56	8.39	8.21	8.05	7.89
Retained Earnings	50.62	52.03	48.99	43.82	38.84	34.19
Comprehensive Income & Other	-7.95	-6.97	-7	-1.73	-1.9	-0.63
Shareholders' Equity	53.46	55.77	52.52	52.44	47.11	43.57
Total Liabilities & Equity	942.42	919.47	864.78	751.74	643.61	473.37
Total Debt	79.88	54.84	85.76	103.67	76.1	70
Net Cash (Debt)	-58.75	-14.83	-70.77	-63.66	-7.02	-44.08
Net Cash Per Share	-27.19	-6.92	-33.14	-29.90	-3.32	-20.92
Filing Date Shares Outstanding	2.15	2.15	2.14	2.13	2.12	2.11
Total Common Shares Outstanding	2.15	2.15	2.14	2.13	2.12	2.11
Book Value Per Share	24.81	25.94	24.55	24.59	22.19	20.61
Tangible Book Value	47.62	49.93	46.68	46.55	41.2	37.63
Tangible Book Value Per Share	22.10	23.22	21.83	21.83	19.40	17.80

Source: S&P Capital IQ. Banks template. Financial Sources.