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Southern Michigan Bank & Trust

$1B-$10B Specialty: Commercial MI FDIC cert 5019

Designations: ✓ Community bank

Coldwater, MI

21 branches across MI

NEW · Q2 2026 RECAP

Your Quarter, Wrapped

A 35-second highlight reel of your Q2 — the wins worth celebrating and the one signal worth watching, pulled straight from your scorecard data.

Q2 2026 at a glance

  • 1 of 885 banks in the $1B-$10B peer group nationwide — 1 of 18 in MI.
  • Deposits +7.1% year over year ($1.4B on the books).
  • Delinquency rate 0.93%.
  • Return on assets 0.85%.
  • Efficiency ratio 69.33% vs a 59.73% peer average.
  • Loan-to-deposit ratio 89.90% vs a 85.04% peer average.

Animation disabled (reduced-motion preference). Full details in the Core Metrics table below.

885 banks in the $1B-$10B peer group nationally 18 in MI
View $1B-$10B leaderboard (MI) →

Southern Michigan Bank & Trust faces 5 concerns requiring attention

Key Strengths include matched growth signatures, metrics ranked in the top 10%, and values meaningfully above the tier average.
Key Concerns include matched risk or decline signatures, metrics ranked in the bottom 10%, and values meaningfully below the tier average.

Key Strengths

Areas where this bank excels compared to peers

No key strengths identified

Key Concerns

Areas that may need attention

  • - Margin Compression: Bottom 21.2% in tier
  • - Capital Thin: Bottom 27.5% in tier
  • - Net Interest Margin 0.39% below tier average
  • - Efficiency Ratio 9.61% above tier average
  • - Delinquency Rate 0.06% above tier average
Get updates when Southern Michigan Bank & Trust releases new data →

Core Metrics

As of 2026-Q2

Metric Current vs Tier Tier Avg State Avg (MI) National Avg Tier Percentile
Total Assets ? $1.7B
+7.1% YoY -1.4% QoQ
-$1.1B $2.8B
-0.6% YoY
$1.0B
+6.5% YoY
$6.3B
+7.7% YoY
42%
Total Loans ? $1.3B
+7.0% YoY -2.3% QoQ
-$700.7M $2.0B
-0.3% YoY
$767.2M
+9.2% YoY
$3.2B
+9.4% YoY
46%
Total Deposits ? $1.4B
+7.1% YoY -2.2% QoQ
-$914.5M $2.3B
-0.5% YoY
$806.0M
+5.9% YoY
$4.9B
+7.3% YoY
42%
Return on Assets ? 0.85%
-11.9% YoY -0.1% QoQ
-0.54% 1.39%
+17.0% YoY
1.18%
+20.1% YoY
1.30%
+12.1% YoY
20%
Net Interest Margin ? 3.48%
+4.3% YoY +3.8% QoQ
-0.39% 3.87%
+6.2% YoY
4.06%
+4.7% YoY
3.95%
+4.9% YoY
35%
Efficiency Ratio ? 69.33%
+4.9% YoY +2.8% QoQ
+9.61% 59.73%
-12.6% YoY
65.90%
-5.4% YoY
70.05%
+2.5% YoY
22%
Delinquency Rate ? 0.93%
+1.9% QoQ
+0.06% 0.87%
+11.7% YoY
0.85%
+32.2% YoY
0.98%
+16.3% YoY
30%
Loan-to-Deposit Ratio ? 89.90%
-0.2% YoY -0.1% QoQ
+4.87% 85.04%
-0.1% YoY
80.02%
+3.0% YoY
79.03%
+2.3% YoY
41%
Non-Interest-Bearing Deposit Share ? 17.90%
-2.2% YoY +7.6% QoQ
-3.37% 21.27%
-1.5% YoY
25.55%
-0.4% YoY
21.98%
-0.6% YoY
39%
Nonperforming Asset Ratio ? 0.82%
-10.0% QoQ
+0.14% 0.67%
+11.7% YoY
0.65%
+27.6% YoY
0.69%
+15.8% YoY
27%
Tier 1 Capital Ratio ? 9.04%
-18.9% YoY -16.7% QoQ
-5.81% 14.84%
-0.4% YoY
20.80%
-0.9% YoY
17.09%
+0.8% YoY
Bottom 0.5% in tier
Non-Interest Income / Assets ? 0.21%
-31.2% YoY +41.2% QoQ
-0.32% 0.53%
+2.5% YoY
0.38%
+3.3% YoY
0.66%
+5.2% YoY
32%

Additional Detail

Deposit mix, loan mix, capital, efficiency, asset quality & profitability · As of 2026-Q2

Deposit Composition

% of total deposits

Metric Current vs Tier Tier Avg State Avg (MI) National Avg Tier Percentile
Noninterest-Bearing 17.9%
-0.4pp YoY
+1.3pp QoQ
 -3.5pp 21.4% 25.9% 22.2% 39%
Brokered Deposits 5.8%
-2.4pp YoY
+0.1pp QoQ
 -3.7pp 9.5% 12.3% 8.5% 53%

Loan Composition

% of total loans & leases

Metric Current vs Tier Tier Avg State Avg (MI) National Avg Tier Percentile
C&I 13.7%
+1.0pp YoY
0.0pp QoQ
 -0.3pp 14.0% 12.8% 12.5% 62%
CRE 62.4%
-1.9pp YoY
-1.3pp QoQ
 +12.3pp 50.0% 45.9% 41.4% 79%
1-4 Family 17.3%
+0.7pp YoY
+0.9pp QoQ
 -9.1pp 26.4% 33.6% 31.3% 36%
Consumer 0.5%
0.0pp YoY
+0.1pp QoQ
 -4.2pp 4.7% 4.6% 5.0% 32%

Capital

Metric Current vs Tier Tier Avg State Avg (MI) National Avg Tier Percentile
CET1 Ratio n/a n/a 15.6% 26.9% 19.7% n/a
Leverage Ratio 9.0%
0.0pp YoY
+0.2pp QoQ
 -2.3pp 11.3% 12.3% 12.6% 12%
Total Capital Ratio n/a n/a 16.7% 27.9% 20.8% n/a

Efficiency & Staffing

Metric Current vs Tier Tier Avg State Avg (MI) National Avg Tier Percentile
Full-Time Employees 255
+11 (+4.5%) YoY
+3 (+1.2%) QoQ
 -59 313 134 482 56%
Assets per Employee ($) $6.6M
+2.5% YoY
-2.5% QoQ
 -$3.9M $10.5M $6.8M $8.8M 19%
Branch Count 21
0 YoY
0 QoQ
 +1 20 9 18 68%

Asset Quality

Metric Current vs Tier Tier Avg State Avg (MI) National Avg Tier Percentile
Past Due 90+ Days n/a n/a 0.2% 0.2% 0.4% n/a
Nonaccrual 0.9%
0.0pp QoQ
 +0.1pp 0.8% 0.8% 1.0% 72%
Allowance Coverage 1.30x
-99.3% YoY
+0.3% QoQ
 -17.41x 18.71x 6.79x 20.23x 33%
Net Charge-off Rate (YTD) 0.1%
+0.1pp YoY
-0.1pp QoQ
 -0.1pp 0.3% 0.1% 0.2% 73%

Profitability

Metric Current vs Tier Tier Avg State Avg (MI) National Avg Tier Percentile
ROE 9.4%
-1.4pp YoY
-0.1pp QoQ
 -3.2pp 12.6% 11.7% 11.6% 29%
Cost of Funds (YTD) 2.2%
-0.2pp YoY
0.0pp QoQ
 +0.3pp 1.9% 1.5% 1.7% 70%
Net Income ($, YTD) $7.2M
-3.3% YoY
— QoQ
 -$12.1M $19.2M $7.3M $40.4M 25%

Signature Analysis

Composite behavioral patterns that combine multiple metrics to identify what stands out about this bank. Matched signatures only; metric-level callouts appear in the Key Strengths / Key Concerns summary above.

Strengths are growth signatures this bank matches (e.g. Revenue Diversifier, Profitability Leader).
Concerns are risk or decline signatures this bank matches (e.g. Margin Compression, Credit Quality Pressure).

Strengths (0)

No matched strength signatures this quarter

Concerns (2)

Margin Compression

decline
#19 of 85 • Bottom 21.2% in tier

Profitability above 0.75% ROA but margins eroding by at least 0.10pp YoY. Something changed - rising costs or falling yields need addressing.

Why this signature
Return on Assets: 0.85%
(Tier: 1.39%, National: 1.30%)
worse than tier avg
85 of 85 Mid-Market banks match · 413 nationally
→ Stable +8 banks QoQ

Capital Thin

risk
#62 of 222 • Bottom 27.5% in tier

Tier 1 capital ratio in the bottom quartile of peers. Capital cushion thin relative to peers - regulator-watching cohort.

Why this signature
Tier 1 Capital Ratio: 9.04%
(Tier: 14.84%, National: 17.09%)
worse than tier avg
222 of 222 Mid-Market banks match · 923 nationally
→ Stable | QoQ rank improving

Metric Rankings

See how this bank ranks across all tracked metrics compared to peers.

Strengths are metrics in the top 25% (75th percentile or higher).
Concerns are metrics in the bottom 25% (25th percentile or lower).
Comparing against 885 peers in $1B-$10B

Top Strengths (0 metrics)

No strength rankings available

Top Weaknesses (3 metrics)

882
Tier 1 Capital Ratio
capital
Value: 9.04%
Peer Median: 14.84%
#882 of 885 Bottom 0.5% in $1B-$10B
706
Return on Assets
profitability
Value: 0.85%
Peer Median: 1.39%
#706 of 885 Bottom 20.3% in $1B-$10B
689
Efficiency Ratio
profitability
Value: 69.33%
Peer Median: 59.73%
#689 of 885 Bottom 22.3% in $1B-$10B
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