Sturgis Bancorp (Sturgis Bancorp) Total Assets : $925.30 Mil (As of Mar. 2024)

View and export this data going back to 2005. Start your Free Trial

What is Sturgis Bancorp Total Assets?

Sturgis Bancorp's Total Assets for the quarter that ended in Mar. 2024 was $925.30 Mil.

Warning Sign:

If a company builds assets at 20.7% a year, faster than its revenue growth rate of 13.1% over the past 5 years, it means that the company may be getting less efficient.

During the past 12 months, Sturgis Bancorp's average Total Assets Growth Rate was 5.30% per year. During the past 3 years, the average Total Assets Growth Rate was 18.10% per year. During the past 5 years, the average Total Assets Growth Rate was 20.70% per year. During the past 10 years, the average Total Assets Growth Rate was 12.40% per year.

During the past 13 years, Sturgis Bancorp's highest 3-Year average Total Assets Growth Rate was 26.10%. The lowest was -6.20%. And the median was 4.30%.

Total Assets is connected with ROA %. Sturgis Bancorp's annualized ROA % for the quarter that ended in Mar. 2024 was -0.85%. Total Assets is also linked to Revenue through Asset Turnover. Sturgis Bancorp's Asset Turnover for the quarter that ended in Mar. 2024 was 0.01.

Sturgis Bancorp Total Assets Historical Data

The historical data trend for Sturgis Bancorp's Total Assets can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Sturgis Bancorp Total Assets Chart

Sturgis Bancorp Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

Get a 7-Day Free Trial

473.37

643.61

751.74

864.81

919.47

Sturgis Bancorp Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Total Assets	Get a 7-Day Free Trial															873.94	894.53	897.40	919.47	925.30

Sturgis Bancorp Total Assets Calculation

Total Assets are all the assets a company owns.

From the capital sources of the assets, some of the assets are funded through shareholder's paid in capital and retained earnings of the business. Others are funded through borrowed money.

Sturgis Bancorp's Total Assets for the fiscal year that ended in Dec. 2023 is calculated as

Total Assets	=	Total Equity (A: Dec. 2023 )	+	Total Liabilities (A: Dec. 2023 )
	=	55.768	+	863.704
	=	919.47

Sturgis Bancorp's Total Assets for the quarter that ended in Mar. 2024 is calculated as

Total Assets	=	Total Equity (Q: Mar. 2024 )	+	Total Liabilities (Q: Mar. 2024 )
	=	52.715	+	872.582
	=	925.30

Sturgis Bancorp (OTCPK:STBI) Total Assets Explanation

Total Assets is connected with ROA %.

Sturgis Bancorp's annualized ROA % for the quarter that ended in Mar. 2024 is

ROA %	=	Net Income (Q: Mar. 2024 )	/	( (Total Assets (Q: Dec. 2023 )	+	Total Assets (Q: Mar. 2024 ))	/ count )
	=	-7.88	/	( (919.472	+	925.297)	/ 2 )
	=	-7.88	/	922.3845
	=	-0.85 %

Note: The Net Income data used here is four times the quarterly (Mar. 2024) data.

In the article Joining The Dark Side: Pirates, Spies and Short Sellers, James Montier reported that In their US sample covering the period 1968-2003, Cooper et al find that firms with low asset growth outperformed firms with high asset growth by an astounding 20% p.a. equally weighted. Even when controlling for market, size and style, low asset growth firms outperformed high asset growth firms by 13% p.a. Therefore a company with fast asset growth may underperform.

Total Assets is linked to total revenue through Asset Turnover.

Sturgis Bancorp's Asset Turnover for the quarter that ended in Mar. 2024 is

	Asset Turnover
=	Revenue (Q: Mar. 2024 )	/	( (Total Assets (Q: Dec. 2023 )	+	Total Assets (Q: Mar. 2024 ))	/ count )
=	9.742	/	( (919.472	+	925.297)	/ 2 )
=	9.742	/	922.3845
=	0.01

Therefore, if a company grows its Total Assets faster than its Revenue, the Asset Turnover will decline. This might be a warning sign for the business.

Sturgis Bancorp Total Assets Related Terms

Thank you for viewing the detailed overview of Sturgis Bancorp's Total Assets provided by GuruFocus.com. Please click on the following links to see related term pages.

Sturgis Bancorp (Sturgis Bancorp) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Sturgis Bancorp Inc (OTCPK:STBI) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

113-125 East Chicago Road, Sturgis, MI, USA, 49091

Website

https://www.sturgis.bank

Sturgis Bancorp Inc operates as a bank holding company. Its primary services include accepting deposits, making commercial and mortgage loans, engaging in mortgage banking activities, and providing investment brokerage advisory services. The majority of the revenues come from interest income and other sources, including loans, leases, securities, and derivatives.

Executives

Eric L Eishen	director, officer: President/CEO	284 KRUSZKA, BRONSON MI 49091
David E Watters	officer: Vice President/Trust Officer	P O BOX 304, STURGIS MI 49091
Philip G Ward	director	1000 S LAKEVIEW, STURGIS MI 49091
Gary E Metz	officer: Vice President	P O BOX 344, CENTREVILLE MI 49032
Dresser Raymond H Jr	director	112 SOUTH MONROE STREET, STURGIS MI 49091
Leonard L Eishen	director	66002 KNOLLWOOD DRIVE, STURGIS MI 49091
Janet M Stahl	officer: Vice President	29601 WITT LAKE ROAD, STURGIS, STURGIS MI 49091