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.
| 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 |
| Home Equity Line of Credit - Equal Housing Lender | $0 |
Farmers Bank of Kansas City NMLS ID: 613839 |
6.631% |
$2,021
Fees & Points
$4,723 Total
0.886 Pts ($2,835) $1,888 Fees |
PenFed Credit Union NMLS ID: 401822 |
6.692% |
$2,023
Fees & Points
$6,400 Total
1.000 Pts ($3,200) $3,200 Fees |
Rocket Mortgage NMLS ID: 3030 |
Fees & Points
Total
Pts ($0) $0 Fees |
Quicken Loans NMLS ID: 167283 |
Fees & Points
Total
Pts ($0) $0 Fees |
| FDIC Insured | Yes |
| FDIC Certificate | # 5019 |
| Date Established | 1872 |
| Assets | $ 1,561.84 million |
| Loans | $ 1,125.65 million |
| Deposits | $ 1,322.58 million |
| Capital | $ 137.24 million |
| ASSETS | |
| Cash & Balances due from depository institutions | $ 115.68 million |
| Interest-bearing balances | $ 99.66 million |
| Total securities | $ 223.25 million |
| Federal funds sold and reverse repurchase | $ 0.25 million |
| Net loans and leases | $ 1,125.65 million |
| Loan loss allowance | $ 12.78 million |
| Trading account assets | N.A. |
| Bank premises and fixed assets | N.A. |
| Other real estate owned | N.A. |
| Goodwill and other intangibles | $ 14.58 million |
| All other assets | $ 35.71 million |
| Total Assets | $ 1,424.60 million |
| LIABILITIES | |
| Total deposits | $ 1,322.58 million |
| Interest-bearing deposits | $ 1,089.83 million |
| Deposits held in domestic offices | $ 1,322.58 million |
| % insured (estimated)" | 64.54% |
| Federal funds purchased and repurchase agreements | $ 1.16 million |
| Trading liabilities | N.A. |
| Other borrowed funds | $ 13.02 million |
| Subordinated debt | N.A. |
| All other liabilities | $ 8.91 millionn |
| Total Liabilities | $ 1,424.60 million |
| Shareholders’ Equity | $ 137.24 million |
| INCOME AND EXPENSES | |
| Total Interest Income | $ 19.50 million |
| Total Interest Expense | $ 8.20 million |
| Net interest income | $ 11.30 million |
| Provision for loan and lease losses | $ 0.16 million |
| Total non interest income | $ 2.35 million |
| Total non interest expense | $ 9.16 million |
| Pre-tax Net Operating Income | $ 8.18 million |
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