Sturgis Bancorp Income Statement

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	Jun '26 Jun 30, 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
Interest Income on Loans	45.2	44.78	42.53	37.96	26.55	21.74
Interest Income on Investments	5.7	4.88	4.21	2.81	2.36	1.94
Total Interest Income	50.91	49.66	46.74	40.77	28.91	23.68
Interest Paid on Deposits	15.05	15.18	15.17	10.73	2.65	2.53
Interest Paid on Borrowings	1.65	1.9	3.55	1.54	1.84	1.59
Total Interest Expense	16.71	17.08	18.72	12.27	4.49	4.12
Net Interest Income	34.2	32.58	28.02	28.5	24.42	19.57
Net Interest Income Growth	13.42%	16.27%	-1.70%	16.70%	24.83%	9.66%
Trust Income	0.33	0.45	0.47	0.37	0.41	0.51
Mortgage Banking Activities	1.44	1.62	1.82	1.48	1.39	3.55
Gain (Loss) on Sale of Equity Investments	0.65	0.55	0.37	0.22	0.35	0.49
Other Non-Interest Income	7.13	6.83	7.35	6.78	4.9	5.09
Total Non-Interest Income	9.58	9.48	10.08	8.91	7.05	9.7
Non-Interest Income Growth	5.23%	-5.97%	13.15%	26.36%	-27.31%	3.93%
Revenues Before Loan Losses	43.78	42.05	38.1	37.41	31.47	29.26
Provision for Loan Losses	-0.91	-0.38	4.59	1.27	-	1.07
Revenue	44.69	42.44	33.51	36.14	31.47	28.19
Revenue Growth	13.01%	26.63%	-7.27%	14.83%	11.65%	16.12%
Salaries and Employee Benefits	20.09	19.76	17.68	17.46	14.8	12.67
Occupancy Expenses	4.9	4.74	4.26	3.74	3.14	2.55
Federal Deposit Insurance	0.75	0.71	0.74	0.68	0.36	0.27
Selling, General & Administrative	2.71	3.01	2.73	2.24	1.36	1.82
Other Non-Interest Expense	5.31	5.03	4.95	4.87	3.81	3.2
Total Non-Interest Expense	33.76	33.24	30.35	28.98	23.48	20.51
EBT Excluding Unusual Items	10.93	9.19	3.16	7.16	7.99	7.68
Pretax Income	10.93	9.19	3.16	7.16	7.99	7.68
Income Tax Expense	2.13	1.74	0.32	1.14	1.37	1.33
Net Income	8.8	7.46	2.84	6.02	6.62	6.34
Net Income to Common	8.8	7.46	2.84	6.02	6.62	6.34
Net Income Growth	33.45%	163.03%	-52.89%	-9.09%	4.35%	5.63%
Basic Shares Outstanding	2	2	2	2	2	2
Diluted Shares Outstanding	2	2	2	2	2	2
Shares Change	1.23%	0.64%	0.28%	0.29%	0.31%	0.66%
EPS (Basic)	4.06	3.45	1.32	2.81	3.10	2.98
EPS (Diluted)	4.06	3.45	1.32	2.81	3.10	2.98
EPS Growth	31.83%	161.36%	-53.02%	-9.35%	4.03%	4.93%

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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
Dividend Per Share	0.700	0.680	0.680	0.680	0.680	0.640
Dividend Growth	2.94%	0%	0%	0%	6.25%	0%
Effective Tax Rate	19.46%	18.89%	10.23%	15.91%	17.19%	17.34%