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 $1 billion in
assets. Customers can open an account at one of its 17 branches.
| 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 |
|
7.490 %
|
$0 |
CrossCountry Mortgage, LLC NMLS ID: 3029 / Updated 2024-05-03 |
"Unlock Your Home's Potential" | $0 |
AmeriSave Mortgage Corporation NMLS ID: 1168 / Updated 2024-05-03 |
Home Equity Lines, Refinance, & Second Mortgages | $0 |
New American Funding, LLC NMLS ID: 6606 / Updated 2024-05-03 |
Cash-Out and Home Equity Options Available. | $0 |
| HELOC approval in 5 minutes, funding in 5 days. Borrow up to $400k online. | $0 |
District Lending NMLS ID: 1835285 |
6.734% |
$2,049
Fees & Points
$3,600 Total
0.875 Pts ($2,800) $800 Fees |
Rocket Mortgage NMLS ID: 3030 |
7.589% |
$2,238
Fees & Points
$2,800 Total
0.875 Pts ($2,800) $0 Fees |
MortgageResearch.com NMLS ID: Not a Lender |
Fees & Points
Total
Pts ($0) $0 Fees |
CrossCountry Mortgage NMLS ID: 3029 |
Fees & Points
Total
Pts ($0) $0 Fees |
FHAloans.com NMLS ID: Not a Lender |
Fees & Points
Total
Pts ($0) $0 Fees |
Neighbors Bank NMLS ID: 491986 |
Fees & Points
Total
Pts ($0) $0 Fees |
| FDIC Insured | Yes |
| FDIC Certificate | # 5019 |
| Date Established | 1872 |
| Assets | $ 1,409.27 million |
| Loans | $ 1,024.89 million |
| Deposits | $ 1,162.86 million |
| Capital | $ 123.36 million |
| ASSETS | |
| Cash & Balances due from depository institutions | $ 70.63 million |
| Interest-bearing balances | $ 53.56 million |
| Total securities | $ 229.52 million |
| Federal funds sold and reverse repurchase | $ 1.47 million |
| Net loans and leases | $ 1,024.89 million |
| Loan loss allowance | $ 11.70 million |
| Trading account assets | N.A. |
| Bank premises and fixed assets | N.A. |
| Other real estate owned | N.A. |
| Goodwill and other intangibles | $ 14.71 million |
| All other assets | $ 35.71 million |
| Total Assets | $ 1,285.91 million |
| LIABILITIES | |
| Total deposits | $ 1,162.86 million |
| Interest-bearing deposits | $ 931.87 million |
| Deposits held in domestic offices | $ 1,162.86 million |
| % insured (estimated) | 58.79% |
| Federal funds purchased and repurchase agreements | $ 1.74 million |
| Trading liabilities | N.A. |
| Other borrowed funds | $ 13.02 million |
| Subordinated debt | N.A. |
| All other liabilities | $ 8.91 millionn |
| Total Liabilities | $ 1,285.91 million |
| Shareholders’ Equity | $ 123.36 million |
| INCOME AND EXPENSES | |
| Total Interest Income | $ 65.50 million |
| Total Interest Expense | $ 23.77 million |
| Net interest income | $ 41.73 million |
| Provision for loan and lease losses | $ 0.95 million |
| Total non interest income | $ 7.75 million |
| Total non interest expense | $ 32.79 million |
| Pre-tax Net Operating Income | $ 8.18 million |
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