Net income

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%.

Third Century Bancorp (OTCPINK: TDCB) reported a significant increase in net income for the quarter ended June 30, 2025, reaching $374,000 ($0.32 per share), a 64.34% jump from $228,000 in 2024. This growth was primarily driven by a $286,000 increase in net interest income due to higher loan balances and improved yields. For the first six months of 2025, net income rose 47.66% to $823,000. Total assets reached $322.43 million, up from year-end 2024.

First Bancshares (FBSI) reported Q2 2025 net income of $1.82 million ($0.75 per diluted share), up from $1.63 million ($0.67/share) in Q2 2024. Profitability metrics were strong with a 1.36% ROA and 11.82% ROE. Total assets grew $27.3 million YoY to $544.1 million, driven by a $13 million increase in cash equivalents, a $15.9 million rise in net loans ($445.3M), and a $13.4 million deposit surge ($468.3M). A $7.5 million portion of asset growth stemmed from arbitrage activities. Shareholders’ equity increased $6.3 million to $62.3 million. The Bank remains “well-capitalized.”