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Southern Michigan Bank & Trust

Southern Michigan Bank & Trust is an FDIC insured institution headquartered at 45 W Pearl St, Coldwater, MI 49036.
It was founded in 1872 and has approximately $2 billion in assets. Customers can open an account at one of its 17 branches.

Deposit Rates - May 07, 2026

SAVINGS RATES	APY	MIN
Savings	0.01%	$1	Compare

CD RATES	APY	MIN
6 Mo CD	0.10%	$500	Compare
12 Mo CD	0.15%	$500	Compare
18 Mo CD	0.15%	$500	Compare
24 Mo CD	0.25%	$500	Compare
30 Mo CD	0.25%	$500	Compare
36 Mo CD	0.35%	$500	Compare
48 Mo CD	0.45%	$500	Compare
60 Mo CD	0.55%	$500	Compare

MM RATES	APY	MIN
Money Market	0.01%	$1,000	Compare
Money Market	0.01%	$10,000	Compare
Money Market	0.05%	$25,000	Compare

Featured Home Equity Rates

Lender APR(%) Min.Initial
Draw Amount Learn More
Sponsored

Advertiser Disclosure

Reliant Home Funding, Inc
NMLS ID: 292473 / Updated 2025-09-22

Intro APR: 6.950 %
After Intro:6.950 %

$15,000

Relationships Rule: Transactions end, Relationships remain
Accountability is Personal: Reflection before Projection
Service through Knowledge: Great service means great understanding
Evolve to Excel: We need to adapt and improve to succeed

Figure Home Equity
NMLS ID: 1717824 / Updated 2025-09-22

Intro APR: 6.950 %
After Intro:6.950 %

$15,000

Flexible terms, borrow $15K-$750K, redraw up to 100%
Use to consolidate debt or finance your next home project
100% digital app & automated valuation
Largest non-bank HELOC lender in the US

Four Leaf Federal Credit Union
NMLS ID: 449104 / Updated 2025-12-22

Intro APR: 5.990 %
After Intro:7.000 %
Intro Period: 12 months

$25,000

Tap into your home's equity & access the funds you need with a HELOC
Apply online or speak with a specialist
No application, origination & appraisal fees on lines up to $500K

Rate data provided by RateUpdate.com. Displayed by Mortgage Research Center, NMLS #1907, Equal Housing Opportunity. Payments do not include taxes and insurance premiums. Actual payments will be greater with taxes and insurance included. Rate and product details .

Featured 30-Year Fixed Mortgage Rates

Lender APR(%) Monthly Payment Learn More
Sponsored

Advertiser Disclosure

Reliant Home Funding, Inc.
NMLS ID: 292473

5.981%

$1,893 Fees & Points $3,681 Total
0.527 Pts ($1,686)
$1,995 Fees

Relationships Rule: Transactions end, Relationships remain
Accountability is Personal: Reflection before Projection
Service through Knowledge: Great service means great understanding

PenFed Credit Union
NMLS ID: 401822

6.265%

$1,945 Fees & Points $4,795 Total
0.875 Pts ($2,800)
$1,995 Fees

Let PenFed Bring You Home With Confidence
Benefits before and after you refinance
Lower your payment, get cash out, and more

Rocket Mortgage
NMLS ID: 3030

Fees & Points Total
Pts ($0)
$0 Fees

Turn home equity you've earned into cash
Single, convenient monthly payments
Reduce interest with shorter loan terms

Rate data provided by RateUpdate.com. Displayed by Mortgage Research Center, NMLS #1907, Equal Housing Opportunity. Payments do not include taxes and insurance premiums. Actual payments will be greater with taxes and insurance included. Rate and product details .

Overview 2026

General Bank Information

FDIC Insured	Yes
FDIC Certificate	# 5019
Date Established	1872
Assets	$ 1,690.40 million
Loans	$ 1,258.07 million
Deposits	$ 1,423.23 million
Capital	$ 149.95 million

Summary Balance Sheet as of September 30, 2025

ASSETS
Cash & Balances due from depository institutions	$ 109.49 million
Interest-bearing balances	$ 92.80 million
Total securities	$ 218.69 million
Federal funds sold and reverse repurchase	$ 0.88 million
Net loans and leases	$ 1,258.07 million
Loan loss allowance	$ 15.55 million
Trading account assets	N.A.
Bank premises and fixed assets	N.A.
Other real estate owned	$ 3.69 million
Goodwill and other intangibles	$ 14.61 million
All other assets	$ 35.71 million
Total Assets	$ 1,540.45 million

LIABILITIES
Total deposits	$ 1,423.23 million
Interest-bearing deposits	$ 1,193.01 million
Deposits held in domestic offices	$ 1,423.23 million
% insured (estimated)"	64.49%
Federal funds purchased and repurchase agreements	$ 1.39 million
Trading liabilities	N.A.
Other borrowed funds	$ 13.02 million
Subordinated debt	N.A.
All other liabilities	$ 8.91 millionn
Total Liabilities	$ 1,540.45 million
Shareholders’ Equity	$ 149.95 million

Summary Income Statement as of September 30, 2025

INCOME AND EXPENSES
Total Interest Income	$ 83.40 million
Total Interest Expense	$ 34.36 million
Net interest income	$ 49.04 million
Provision for loan and lease losses	$ 3.20 million
Total non interest income	$ 9.89 million
Total non interest expense	$ 38.45 million
Pre-tax Net Operating Income	$ 8.18 million

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Branches

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