Southern Michigan Bancorp Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Cash & Equivalents	127.82	69.5	73.09	75.7	117.85	98.03
Investment Securities	219.72	187.67	179.9	187.91	187.04	159.69
Trading Asset Securities	-	0.36	0.33	0.45	0.92	1.6
Mortgage-Backed Securities	-	40.9	51.84	60.4	59.38	49.37
Total Investments	219.72	228.93	232.07	248.76	247.34	210.65
Gross Loans	1,229	1,116	1,036	886.63	741.41	635.87
Allowance for Loan Losses	-14.41	-12.78	-11.7	-9.59	-9.32	-7.79
Net Loans	1,214	1,104	1,025	877.04	732.09	628.08
Property, Plant & Equipment	25.04	28.64	26.14	19.85	15.76	16.44
Goodwill	13.42	13.42	13.42	13.42	13.42	13.42
Other Intangible Assets	0.08	0.11	0.15	0.18	0.22	0.26
Loans Held for Sale	0.56	1	0.17	-	1.15	1.69
Accrued Interest Receivable	-	7.67	6.66	5.54	4.19	4.75
Restricted Cash	-	-	-	1.81	1.81	1.81
Long-Term Deferred Tax Assets	-	7.85	7.91	9.11	3	1.71
Other Long-Term Assets	64.08	30.93	26.74	22.42	22.3	18.71
Total Assets	1,665	1,497	1,415	1,277	1,161	997.57
Accrued Expenses	18.6	8.45	6	3.69	4.53	7.63
Interest Bearing Deposits	1,169	881.46	812.06	745.8	665.53	564.68
Institutional Deposits	-	146.76	119.74	76.55	45.85	52.83
Non-Interest Bearing Deposits	225.67	223.58	226.18	268.7	262.98	220.79
Total Deposits	1,395	1,252	1,158	1,091	974.35	838.3
Short-Term Borrowings	1.11	1.56	1.74	11.18	20.61	20.08
Current Portion of Long-Term Debt	-	-	-	20	-	-
Current Portion of Leases	-	0.3	-	-	-	-
Long-Term Debt	34.77	29.93	88.99	29.88	30.27	8.1
Federal Home Loan Bank Debt, Long-Term	97.9	82.9	47.9	20	20	20
Long-Term Leases	-	2.99	3.25	3.49	2.8	-
Trust Preferred Securities	-	5.16	5	5.16	5.16	5.16
Pension & Post-Retirement Benefits	-	1.96	2.04	2.12	2.15	2.01
Other Long-Term Liabilities	-	4.29	4.08	3.8	3.54	3.32
Total Liabilities	1,547	1,389	1,317	1,190	1,063	904.6
Common Stock	11.56	11.44	11.33	11.29	11.29	5.75
Additional Paid-In Capital	13.5	13.44	13.13	14.07	14.24	15.42
Retained Earnings	104.54	97.46	89.81	82.71	71.58	67.74
Comprehensive Income & Other	-11.83	-15.12	-16.43	-21.9	0.65	4.07
Shareholders' Equity	117.78	107.22	97.83	86.16	97.75	92.98
Total Liabilities & Equity	1,665	1,497	1,415	1,277	1,161	997.57
Total Debt	133.78	122.83	146.87	89.7	78.84	53.34
Net Cash (Debt)	-5.97	-48.48	-73.45	-13.55	39.93	46.29
Net Cash Growth	-	-	-	-	-13.75%	565.61%
Net Cash Per Share	-1.29	-10.63	-16.17	-2.98	8.77	10.05
Filing Date Shares Outstanding	4.63	4.57	4.52	4.58	4.53	4.57
Total Common Shares Outstanding	4.63	4.58	4.53	4.52	4.51	4.59
Book Value Per Share	25.46	23.43	21.58	19.07	21.69	20.27
Tangible Book Value	104.27	93.69	84.26	72.56	84.11	79.3
Tangible Book Value Per Share	22.54	20.47	18.59	16.06	18.67	17.29

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Banks template. Financial Sources.