TellerScore

Headquartered in Coldwater, Michigan, Southern Michigan Bank & Trust is a state-chartered bank with $1.7B in total assets and $1.4B in deposits as of Q2 2026. It operates 21 offices. Its charter dates back to 1872.

Southern Michigan Bank & Trust has a TellerScore of 56 out of 100 (moderate) based on Q2 2026 data — higher than only 15% of its 897 banks with $1 billion – $10 billion. Among 72 banks headquartered in Michigan, it ranks 59th. Problem-loan coverage contributes the most (84/100, 8.0%); capital cushion contributes the least (40/100, 9.04%).

TellerScore · Q2 2026

Scorecard

Capital cushion40/100
Tier 1 leverage ratio: 9.04%
Loan quality69/100
Noncurrent loans ÷ total loans: 0.92%
Earnings54/100
Return on assets (annualized): 0.85%
Funding & liquidity50/100
Loans ÷ deposits and uninsured-deposit share: 89.9% · 33.6% uninsured
Problem-loan coverage84/100
"Texas ratio": (noncurrent loans + foreclosed property) ÷ (equity + loan-loss reserves): 8.03%

The TellerScore is our own summary of the figures this institution reports publicly; it is not issued or endorsed by any government agency. It is not a prediction, and deposits within insurance limits are protected either way.

9 quarters

Health trend

From Q2 2025 to Q2 2026, the score fell 10 points (66 → 56), mostly because the loan quality component weakened by 31 points.

TellerScore
556166Q2 2024Q4 2024Q2 2025Q4 2025Q2 2026
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QuarterTellerScore
Q2 202464
Q3 202464
Q4 202465
Q1 202566
Q2 202566
Q3 202556
Q4 202555
Q1 202655
Q2 202656
Tier 1 leverage ratio
5.00%7.06%9.13%well-capitalized benchmarkQ2 2024Q4 2024Q2 2025Q4 2025Q2 2026
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QuarterTier 1 leverage ratio
Q2 20248.98%
Q3 20248.92%
Q4 20249.13%
Q1 20258.99%
Q2 20259.05%
Q3 20259.01%
Q4 20258.95%
Q1 20268.79%
Q2 20269.04%
Noncurrent loans
0.01%0.52%1.02%Q2 2024Q4 2024Q2 2025Q4 2025Q2 2026
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QuarterNoncurrent loans
Q2 20240.09%
Q3 20240.08%
Q4 20240.08%
Q1 20250.06%
Q2 20250.01%
Q3 20251.02%
Q4 20250.98%
Q1 20260.90%
Q2 20260.92%
Return on assets
0.79%0.87%0.96%Q2 2024Q4 2024Q2 2025Q4 2025Q2 2026
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QuarterReturn on assets
Q2 20240.79%
Q3 20240.79%
Q4 20240.80%
Q1 20250.93%
Q2 20250.96%
Q3 20250.93%
Q4 20250.91%
Q1 20260.85%
Q2 20260.85%
Quarter-by-quarter figures
QuarterScoreAssetsCapitalProblem loansROALoans/deposits
Q2 202656$1.7B9.04%0.92%0.85%89.9%
Q1 202655$1.7B8.79%0.90%0.85%90.0%
Q4 202555$1.7B8.95%0.98%0.91%88.4%
Q3 202556$1.7B9.01%1.02%0.93%86.7%
Q2 202566$1.6B9.05%0.01%0.96%90.1%
Q1 202566$1.6B8.99%0.06%0.93%85.1%
Q4 202465$1.5B9.13%0.08%0.80%87.7%
Q3 202464$1.5B8.92%0.08%0.79%84.3%
Q2 202464$1.5B8.98%0.09%0.79%87.7%

897 peers · $1 billion – $10 billion

How it compares with peers

Percentile against banks of similar size nationwide (100th = best among peers; for ratios where lower is better, the scale is flipped).

Capital ratio9.04%
13th
Total risk-based capital0.00%
13th
Problem loans0.92%
29th
Net charge-offs0.13%
26th
Return on assets0.85%
21st
Net interest margin3.48%
36th
Efficiency ratio69.3%
22nd
Loans to deposits89.9%
41st
Uninsured deposits33.6%
43rd
Loan-loss reserves1.19%
58th
Texas ratio8.0%
23rd

Similar-size banks in Michigan

InstitutionScoreAssetsCapitalProblem loansCompare
The Dart BankBank Mason, MI46 out of 100, Below average$1.5B8.6%1.75%vs
County National BankBank Hillsdale, MI41 out of 100, Below average$1.4B9.3%2.62%vs
First State BankBank Eastpointe, MI63 out of 100, Moderate$1.3B10.0%0.81%vs
University BankBank Ann Arbor, MI60 out of 100, Moderate$1.2B10.1%0.41%vs
West Michigan Community BankBank Hudsonville, MI53 out of 100, Below average$1.2B9.2%1.40%vs
Isabella BankBank Mount Pleasant, MI62 out of 100, Moderate$2.2B8.9%0.49%vs

Deposit insurance

Is my money safe at Southern Michigan Bank & Trust?

Yes. Southern Michigan Bank & Trust is an FDIC-insured institution (FDIC certificate #5019). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category.

An estimated 33.6% of deposits ($471.4M) are above the $250,000 FDIC insurance limit, above the peer median of 31%. Insured balances are protected regardless of the score.

The tier 1 leverage ratio is 9.04%, above the 5% level regulators use as the "well capitalized" benchmark for this measure. Its total risk-based capital ratio is 0.00% (benchmark: 10%).

Check how much of your own balance is covered

21 locations

Branches

Southern Michigan Bank & Trust lists 17 offices in 13 cities. Most locations:

All branch addresses and map

HMDA 2025

Mortgage lending

In 2025, Southern Michigan Bank & Trust reported 460 home-loan applications under HMDA (LEI 2549006ONI6N95VKB649): 344 originated ($80,500,000 total), 59 denied, and 16 withdrawn or closed by the applicant. Its denial rate on decided applications was 13.3%, compared with 22.2% for all lenders nationwide.

Denial rates depend heavily on loan type and applicant mix and are not a measure of fairness or of your own odds.

Identity & history

Profile

Legal name
Southern Michigan Bank & Trust
Former names
Southern Michigan National Bank; The Southern Michigan National Bank of Coldwater
Type
State-chartered bank
FDIC certificate #
5019
RSSD ID
822042
Primary regulator
FDIC
Holding company
Southern Michigan Bcorp Inc
Established
January 16, 1872
Headquarters
45 W Pearl St, Coldwater, MI 49036
Employees
255

Quick answers

Southern Michigan Bank & Trust: common questions

Is Southern Michigan Bank & Trust FDIC insured?

Yes. Southern Michigan Bank & Trust is an FDIC-insured institution (FDIC certificate #5019). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category.

What is Southern Michigan Bank & Trust's TellerScore?

56 out of 100 (Moderate), based on its Q2 2026 publicly reported figures. The TellerScore is our own summary and is not issued by any government agency.

Has Southern Michigan Bank & Trust ever failed?

There is no failure record for FDIC certificate #5019 in the FDIC failed bank list.

How many branches does Southern Michigan Bank & Trust have?

21 offices as of the latest FDIC data.

Nearby

Highest-scoring banks and credit unions with branches near Coldwater

InstitutionScoreAssetsCapitalProblem loansCompare
Century Bank and TrustBank Coldwater, MI86 out of 100, Very strong$494.0M14.6%0.66%vs
Profed Federal Credit UnionCredit union Fort Wayne, IN82 out of 100, Strong$763.5M13.2%0.47%vs
Midwest America Federal Credit UnionCredit union Fort Wayne, IN79 out of 100, Strong$1.0B14.8%0.90%vs
Marshall Community Credit UnionCredit union Marshall, MI78 out of 100, Strong$371.8M17.2%2.08%vs
Farmers State BankBank Lagrange, IN78 out of 100, Strong$1.3B10.8%0.02%vs
The Campbell & Fetter BankBank Kendallville, IN71 out of 100, Strong$355.0M10.0%0.00%vs