Southern Michigan Bancorp, Inc. (SOMC)

Southern Michigan Bancorp Cash Flow Statement

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

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	12.22	10.4	10.91	13.49	11.76
Depreciation & Amortization	2.49	2.26	2.02	1.4	1.39
Other Amortization	0.07	0.07	0.07	0.07	0.05
Gain (Loss) on Sale of Assets	-0.19	-0.02	-0.07	-0.02	-0.01
Gain (Loss) on Sale of Investments	1.37	1.12	1.19	1.23	1.39
Provision for Credit Losses	3.2	1.01	0.95	0.28	1.5
Net Decrease (Increase) in Loans Originated / Sold - Operating	1.92	-0.15	0.14	1.52	2.84
Change in Other Net Operating Assets	2.25	-6.45	0.47	-2.78	-0.62
Other Operating Activities	-1.39	-0.75	-0.41	-0.81	-0.59
Operating Cash Flow	22.11	7.84	16.24	14.71	16.51
Operating Cash Flow Growth	182.17%	-51.74%	10.42%	-10.95%	46.71%
Capital Expenditures	-1.85	-4.98	-8.34	-4.83	-0.78
Sale of Property, Plant and Equipment	0.44	-	0.33	0.05	0.01
Investment in Securities	9.91	7.62	22.21	-32	-43.29
Net Decrease (Increase) in Loans Originated / Sold - Investing	-160.72	-80.04	-149.82	-145.23	-105.51
Other Investing Activities	-5.19	-0.38	-4.76	1.11	-2
Investing Cash Flow	-157.4	-77.79	-140.35	-180.9	-151.56
Long-Term Debt Issued	15	45	86.9	84	29.83
Long-Term Debt Repaid	-0.17	-69.18	-29.44	-73.43	-6.5
Net Debt Issued (Repaid)	14.83	-24.18	57.46	10.57	23.33
Issuance of Common Stock	2.11	0.01	0.04	0.03	0.04
Repurchase of Common Stock	-3.12	-0.6	-2.23	-0.92	-2.44
Common Dividends Paid	-2.91	-2.69	-2.5	-2.32	-2.18
Net Increase (Decrease) in Deposit Accounts	165	93.82	66.92	116.7	136.05
Financing Cash Flow	175.92	66.36	119.69	124.06	154.82
Net Cash Flow	40.63	-3.59	-4.42	-42.13	19.78
Free Cash Flow	20.26	2.85	7.9	9.87	15.74
Free Cash Flow Growth	610.31%	-63.91%	-19.96%	-37.26%	48.16%
Free Cash Flow Margin	37.47%	5.87%	16.90%	21.84%	38.54%
Free Cash Flow Per Share	4.36	0.63	1.74	2.17	3.46
Cash Interest Paid	35.68	35.81	23.93	5.73	3.92
Cash Income Tax Paid	-1.68	1.15	2.65	2.47	3.61

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Banks template. Financial Sources.