Southern Michigan Bank & Trust: how it compares with its peers
Against 13 MI banks with half to twice its assets, Southern Michigan Bank & Trust's strongest measure in Q2 2026 is assets per employee ($6.6M vs. a $6.0M peer median). Its weakest relative measure is return on assets (0.85% vs. 1.10%).
| Measure | This bank | Peer median | Rank |
|---|---|---|---|
| Return on assets Annualized net income over average assets. | 0.85% | 1.10% | Bottom third Ahead of 0% of peers |
| Net interest margin Annualized net interest income over earning assets. | 3.48% | 3.81% | Bottom third Ahead of 15% of peers |
| Efficiency ratio Noninterest expense per dollar of revenue. Lower is better. | 69.33% | 67.21% | Middle third Ahead of 38% of peers |
| Assets per employee Total assets over full-time-equivalent staff. | $6.6M | $6.0M | Middle third Ahead of 62% of peers |
| Loans to deposits Net loans and leases over total deposits. | 89.90% | 91.13% | Context |
What it means for lending operations
Its efficiency ratio of 69.33% is above the 67.21% peer median: it spends more to earn each dollar of revenue than most banks its size. Staff time on manual borrower verification (collecting pay stubs, bank statements, and employment letters, then re-keying them) is one of the larger controllable costs behind that number.
Banks closest in size
- The Dart Bank Mason, MI · $1.47B
- County National Bank Hillsdale, MI · $1.36B
- First State Bank Eastpointe, MI · $1.35B
- University Bank Ann Arbor, MI · $1.24B
- West Michigan Community Bank Hudsonville, MI · $1.21B
- Isabella Bank Mount Pleasant, MI · $2.17B
Questions about Southern Michigan Bank & Trust
How big is Southern Michigan Bank & Trust?
Southern Michigan Bank & Trust, established in 1872, is headquartered in Coldwater, MI. It reported $1.68B in total assets in its Q2 2026 FDIC call report and operates 21 offices.
What is Southern Michigan Bank & Trust's return on assets?
0.85% annualized in Q2 2026, against a 1.10% median for 13 MI banks with half to twice its assets, ahead of 0% of them.
What is Southern Michigan Bank & Trust's efficiency ratio?
69.33% in Q2 2026: it spent about 69 cents in noninterest expense for each dollar of revenue. The peer median is 67.21%, and lower is better.
Is Southern Michigan Bank & Trust growing its loans?
Net loans grew 7.0% over the year to Q2 2026, while deposits grew 7.1%.
Sources and method
Figures are from the FDIC’s public call report data for the quarter ending 06/30/2026, via FDIC BankFind. Return on assets and net interest margin are annualized year to date. Peers are MI banks with half to twice its assets in the same quarter, excluding this bank. The page refreshes daily, so new quarters appear as banks file. Compare another bank or see every Michigan bank ranked.