Sturgis Bancorp Balance Sheet

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	53.59	41.4	20.8	40.01	14.99	39.52
Investment Securities	102.97	103.86	96.51	73.52	85.23	107.98
Total Investments	102.97	103.86	96.51	73.52	85.23	107.98
Gross Loans	795	788.94	777.72	749.66	706.58	549.23
Allowance for Loan Losses	-9.08	-9.01	-9.29	-10.2	-7.14	-7.03
Net Loans	785.92	779.92	768.43	739.46	699.44	542.2
Property, Plant & Equipment	18.49	18.66	18.71	19.14	17.43	13.23
Goodwill	5.83	5.83	5.83	5.83	5.83	5.83
Other Intangible Assets	-	-	-	-	-	0.05
Loans Held for Sale	3.81	4.6	3.66	2.26	0.66	7.29
Accrued Interest Receivable	3.71	3.43	3.41	3.1	2.69	1.89
Other Real Estate Owned & Foreclosed	0.82	0.8	0.15	0.13	0.38	-
Other Long-Term Assets	29.95	30.37	29.1	28.73	29.74	25.79
Total Assets	1,015	998.66	956.39	919.47	864.78	751.74
Interest Bearing Deposits	743.5	718.6	656.08	639.04	556.54	438.69
Non-Interest Bearing Deposits	164.88	166.05	157.78	159.9	162.98	145.5
Total Deposits	908.38	884.65	813.86	798.94	719.52	584.19
Accrued Interest Payable	1.78	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	30.69	30.68	61.1	40	71	89
Other Long-Term Liabilities	9.36	18.22	8.5	8.28	6.23	11.01
Total Liabilities	950.21	935.41	900.98	863.7	812.26	699.3
Common Stock	2.17	2.17	2.16	2.15	2.14	2.13
Additional Paid-In Capital	8.93	8.87	8.7	8.56	8.39	8.21
Retained Earnings	60.91	59.39	53.4	52.03	48.99	43.82
Comprehensive Income & Other	-7.34	-7.16	-8.85	-6.97	-7	-1.73
Shareholders' Equity	64.66	63.26	55.41	55.77	52.52	52.44
Total Liabilities & Equity	1,015	998.66	956.39	919.47	864.78	751.74
Total Debt	30.69	30.68	76.02	54.84	85.76	103.67
Net Cash (Debt)	22.9	10.72	-55.22	-14.83	-70.77	-63.66
Net Cash Per Share	10.58	4.96	-25.71	-6.92	-33.14	-29.90
Filing Date Shares Outstanding	2.17	2.17	2.16	2.15	2.14	2.13
Total Common Shares Outstanding	2.17	2.17	2.16	2.15	2.14	2.13
Book Value Per Share	29.78	29.17	25.66	25.94	24.55	24.59
Tangible Book Value	58.83	57.42	49.58	49.93	46.68	46.55
Tangible Book Value Per Share	27.10	26.48	22.96	23.22	21.83	21.83

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