STBI (Sturgis Bancorp) Long-Term Debt : $71.90 Mil (As of Sep. 2024)

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What is Sturgis Bancorp Long-Term Debt?

Sturgis Bancorp's Long-Term Debt for the quarter that ended in Sep. 2024 was $71.90 Mil.

Sturgis Bancorp's quarterly Long-Term Debt increased from Mar. 2024 ($55.86 Mil) to Jun. 2024 ($79.88 Mil) but then declined from Jun. 2024 ($79.88 Mil) to Sep. 2024 ($71.90 Mil).

Sturgis Bancorp's annual Long-Term Debt declined from Dec. 2021 ($103.67 Mil) to Dec. 2022 ($85.76 Mil) and declined from Dec. 2022 ($85.76 Mil) to Dec. 2023 ($54.84 Mil).

Sturgis Bancorp Long-Term Debt Historical Data

The historical data trend for Sturgis Bancorp's Long-Term Debt 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.

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Sturgis Bancorp Long-Term Debt Chart

Sturgis Bancorp Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Debt

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70.00

76.10

103.67

85.76

54.84

Sturgis Bancorp Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Long-Term Debt	Get a 7-Day Free Trial															24.82	54.84	55.86	79.88	71.90

Sturgis Bancorp (OTCPK:STBI) Long-Term Debt Explanation

Long-Term Debt is the sum of the carrying values as of the balance sheet date of all long-term debt, which is debt initially having maturities due after one year or beyond the operating cycle, if longer, but excluding the portions thereof scheduled to be repaid within one year or the normal operating cycle, if longer. Long-Term Debt includes notes payable, bonds payable, mortgage loans, convertible debt, subordinated debt and other types of long term debt.

Sturgis Bancorp Long-Term Debt Related Terms

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Sturgis Bancorp Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Sturgis Bancorp Inc (OTCPK:STBI) » Definitions » Long-Term Debt

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