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Sthn Mich Bancorp Inc (SOMC)

Sthn Mich Bancorp Inc (SOMC)
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Financial Summary for [[ item.sessionDateDisplayLong ]]
Southern Michigan Bancorp, Inc. operates as the bank holding company for Southern Michigan Bank & Trust, which provides commercial banking services to individuals, businesses, institutions, and government agencies in the southern Michigan communities. Its subsidiary banks are Southern Michigan Bank & Trust and FNB Financial. Southern Michigan Bank offers a variety of deposit, payment, credit and other financial services to all types of customers. These services include time, savings, and demand deposits and automated teller machine services. Loans, both commercial and consumer, are extended on a secured basis to corporations, partnerships and individuals. Based in Coldwater, Michigan, the Bank has additional banking offices in Athens, Battle Creek, Camden, Cassopolis, Centreville, Coldwater, Constantine, Hillsdale, Marshall, Mendon, North Adams, Tekonsha, Three Rivers, and Union City, Michigan.

Fiscal Year End Date: 12/31

(Values in U.S. Thousands) Dec, 2025 Dec, 2024 Dec, 2023 Dec, 2022 Dec, 2021
Sales 93,180 84,610 73,310 51,510 46,150
Sales Growth +10.13% +15.41% +42.32% +11.61% +14.80%
Net Income 12,220 10,400 10,910 13,490 11,760
Net Income Growth +17.50% -4.67% -19.13% +14.71% +59.13%
(Values in U.S. Thousands) Dec, 2025 Dec, 2024 Dec, 2023 Dec, 2022 Dec, 2021
Total Assets 1,496,560 1,414,800 1,276,520 1,161,150 997,570
Total Assets Growth +5.78% +10.83% +9.94% +16.40% +23.20%
Total Liabilities 1,389,330 1,316,970 1,190,360 1,063,410 904,600
Total Liabilities Growth +5.49% +10.64% +11.94% +17.56% +24.54%
(Values in U.S. Thousands) Dec, 2025 Dec, 2024 Dec, 2023 Dec, 2022 Dec, 2021
Operating Cash Flow 7,840 16,240 14,710 16,510 11,260
Operating Cash Flow Growth -51.72% +10.40% -10.90% +46.63% +11.16%
Net Cash Flow -2,380 -5,640 -42,130 19,780 30,890
Change in Net Cash Flow +57.80% +86.61% -312.99% -35.97% +120.96%
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