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Regional Midwest Banks

Sturgis Bancorp Inc. (STBI) is a community banking company that provides a range of financial services to individuals, businesses, and municipalities in the United States. The company operates primarily in southwestern Michigan and northern Indiana, and its main subsidiary is Sturgis Bank & Trust Company.

Here is some general information about Sturgis Bancorp Inc.:

Symbol: STBI

Exchange: NASDAQ

Sector: Finance

Industry: Banks - Regional

Financial Highlights:

(as of Q3 2021)

* Total Assets: $1.52 billion

* Net Loans: $1.16 billion

* Total Deposits: $1.26 billion

* Net Interest Margin: 3.51%

* Return on Average Assets: 1.15%

* Return on Average Equity: 9.54%

Earnings:

(for the year ended December 31, 2020)

* Net Income: $13.9 million

* Earnings per Share: $3.22

Growth:

(over the past 5 years)

* Total Assets: +23.3%

* Net Loans: +24.2%

* Total Deposits: +21.8%

Sturgis Bancorp Inc. has reported stable financial performance over the past few years, with steady growth in assets, loans, and deposits. The company's net interest margin and return on assets have also been strong relative to its peers in the banking industry. However, like many banks, Sturgis Bancorp Inc. has faced some headwinds from low interest rates and increased competition in recent years.

Investors interested in Sturgis Bancorp Inc. should keep an eye on the company's efforts to expand its footprint and diversify its revenue streams, as well as any changes in interest rates and regulatory requirements that could impact its financial performance. It is always important to conduct thorough research and consult with a financial advisor before making investment decisions.