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 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	87.82	110.13	69.5	73.09	75.7	117.85
Investment Securities	217.94	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	217.94	223.11	228.93	232.07	248.76	247.34
Gross Loans	1,291	1,273	1,116	1,036	886.63	741.41
Allowance for Loan Losses	-	-15.55	-12.78	-11.7	-9.59	-9.32
Net Loans	1,291	1,258	1,104	1,025	877.04	732.09
Property, Plant & Equipment	25.27	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	0.07	0.08	0.11	0.15	0.18	0.22
Loans Held for Sale	0.91	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	3.69	3.69	-	-	-	-
Other Long-Term Assets	65.15	32.28	25.98	26.74	22.42	22.3
Total Assets	1,706	1,690	1,497	1,415	1,277	1,161
Accrued Expenses	17.76	8.5	8.45	6	3.69	4.53
Interest Bearing Deposits	1,197	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	233.58	224.17	223.58	226.18	268.7	262.98
Total Deposits	1,431	1,417	1,252	1,158	1,091	974.35
Short-Term Borrowings	1.12	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	132.71	29.9	29.93	88.99	29.88	30.27
Federal Home Loan Bank Debt, Long-Term	-	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	1,583	1,569	1,389	1,317	1,190	1,063
Common Stock	11.64	11.56	11.44	11.33	11.29	11.29
Additional Paid-In Capital	13.62	13.62	13.44	13.13	14.07	14.24
Retained Earnings	109.23	106.72	97.46	89.81	82.71	71.58
Comprehensive Income & Other	-11.48	-10.41	-15.12	-16.43	-21.9	0.65
Shareholders' Equity	123	121.48	107.22	97.83	86.16	97.75
Total Liabilities & Equity	1,706	1,690	1,497	1,415	1,277	1,161
Total Debt	133.83	137.3	122.83	146.87	89.7	78.84
Net Cash (Debt)	-46.01	-26.81	-48.48	-73.45	-13.55	39.93
Net Cash Growth	-	-	-	-	-	-13.75%
Net Cash Per Share	-9.89	-5.78	-10.63	-16.17	-2.98	8.77
Filing Date Shares Outstanding	4.66	4.66	4.57	4.52	4.58	4.53
Total Common Shares Outstanding	4.66	4.62	4.58	4.53	4.52	4.51
Book Value Per Share	26.41	26.27	23.43	21.58	19.07	21.69
Tangible Book Value	109.51	107.98	93.69	84.26	72.56	84.11
Tangible Book Value Per Share	23.51	23.35	20.47	18.59	16.06	18.67

Source: S&P Global Market Intelligence. Banks template. Financial Sources.