Sturgis Bancorp, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2020
April 29, 2020 at 01:29 pm
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Sturgis Bancorp, Inc. announced earnings results for the first quarter ended March 31, 2020. For the first quarter, the company announced net interest income was USD 4.144 million compared to USD 3.809 million a year ago. Net income was USD 1.507 million compared to USD 1.042 million a year ago. Basic earnings per share was USD 0.71 compared to USD 0.5 a year ago.
Sturgis Bancorp, Inc. is the holding company for Sturgis Bank & Trust Company (Bank), and its subsidiaries Oakleaf Financial Services, Inc., Oak Mortgage, LLC, Ayres/Oak Insurance, and Oak Title Services. The Bank provides an array of trust, commercial and consumer banking services from banking centers in Sturgis, Bangor, Bronson, Centreville, Climax, Colon, Niles, Portage, South Haven, St. Joseph, Three Rivers and White Pigeon, MI. Oakleaf Financial Services, Inc., offers a range of investment and financial-advisory services. Oak Mortgage, LLC offers residential mortgages in all markets of the Bank. Ayres/Oak Insurance offers various competitive commercial and consumer insurance products. Oak Title Services offers commercial and consumer title insurance. The Bank offers a range of personal banking, business banking, Internet banking and wealth management services.
STURGIS BANCORP, INC. 
