Deposit Growth

Sturgis Bancorp (STBI) reported a strong Q2 2025 with net income increasing to $1.6 million and earnings per share reaching $0.76. The net interest margin improved significantly to 3.62%. Deposits grew by $40 million to $882 million. Wholesale funding dependence was reduced. However, noninterest expenses increased, and noninterest income decreased year-to-date. The bank maintains a strong capital position with a Tier 1 leverage ratio of 8.00%.