Southern Michigan Bancorp, Inc. (SOMC)

Southern Michigan Bancorp Balance Sheet

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

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Equivalents	153.47	110.13	69.5	73.09	75.7	117.85
Investment Securities	219.12	178.83	187.67	179.9	187.91	187.04
Trading Asset Securities	-	0.11	0.36	0.33	0.45	0.92
Mortgage-Backed Securities	-	44.17	40.9	51.84	60.4	59.38
Total Investments	219.12	223.11	228.93	232.07	248.76	247.34
Gross Loans	1,227	1,273	1,116	1,036	886.63	741.41
Allowance for Loan Losses	14.27	-15.55	-12.78	-11.7	-9.59	-9.32
Net Loans	1,241	1,258	1,104	1,025	877.04	732.09
Property, Plant & Equipment	25.54	28.06	28.64	26.14	19.85	15.76
Goodwill	13.42	13.42	13.42	13.42	13.42	13.42
Other Intangible Assets	0.05	0.08	0.11	0.15	0.18	0.22
Loans Held for Sale	0.95	0.21	1	0.17	-	1.15
Accrued Interest Receivable	-	8.6	7.52	6.66	5.54	4.19
Other Receivables	-	-	5.11	-	-	-
Restricted Cash	-	-	-	-	1.81	1.81
Long-Term Deferred Tax Assets	-	7.33	7.85	7.91	9.11	3
Other Real Estate Owned & Foreclosed	1.61	3.69	-	-	-	-
Other Long-Term Assets	75.91	32.28	25.98	26.74	22.42	22.3
Total Assets	1,731	1,690	1,497	1,415	1,277	1,161

Liabilities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Accrued Expenses	22.48	8.5	8.45	6	3.69	4.53
Interest Bearing Deposits	1,208	1,004	881.46	812.06	745.8	665.53
Institutional Deposits	-	188.78	146.76	119.74	76.55	45.85
Non-Interest Bearing Deposits	243.1	224.17	223.58	226.18	268.7	262.98
Total Deposits	1,451	1,417	1,252	1,158	1,091	974.35
Short-Term Borrowings	1.14	1.39	1.56	1.74	11.18	20.61
Current Portion of Long-Term Debt	-	-	-	-	20	-
Current Portion of Leases	-	0.3	-	-	-	-
Long-Term Debt	34.84	29.9	29.93	88.99	29.88	30.27
Federal Home Loan Bank Debt, Long-Term	97.9	97.9	82.9	47.9	20	20
Long-Term Leases	-	2.81	3.29	3.25	3.49	2.8
Trust Preferred Securities	-	5	5.16	5	5.16	5.16
Pension & Post-Retirement Benefits	-	1.98	1.96	2.04	2.12	2.15
Other Long-Term Liabilities	-	4.43	4.29	4.08	3.8	3.54
Total Liabilities	1,607	1,569	1,389	1,317	1,190	1,063

Shareholders' Equity

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Common Stock	11.62	11.56	11.44	11.33	11.29	11.29
Additional Paid-In Capital	13.71	13.62	13.44	13.13	14.07	14.24
Retained Earnings	114.01	106.72	97.46	89.81	82.71	71.58
Comprehensive Income & Other	-15.61	-10.41	-15.12	-16.43	-21.9	0.65
Shareholders' Equity	123.73	121.48	107.22	97.83	86.16	97.75
Total Liabilities & Equity	1,731	1,690	1,497	1,415	1,277	1,161

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Total Debt	133.88	137.3	122.83	146.87	89.7	78.84
Net Cash (Debt)	24.08	-26.81	-48.48	-73.45	-13.55	39.93
Net Cash Growth	-	-	-	-	-	-13.75%
Net Cash Per Share	5.13	-5.78	-10.63	-16.17	-2.98	8.77
Filing Date Shares Outstanding	4.62	4.66	4.57	4.52	4.58	4.53
Total Common Shares Outstanding	4.62	4.62	4.58	4.53	4.52	4.51
Book Value Per Share	26.76	26.27	23.43	21.58	19.07	21.69
Tangible Book Value	110.26	107.98	93.69	84.26	72.56	84.11
Tangible Book Value Per Share	23.85	23.35	20.47	18.59	16.06	18.67

Data Source: S&P Global Market Intelligence Last updated: Sep 30, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Nov 10, 2026

Data Sources Report a data error