Southern Michigan Bancorp Balance Sheet Health
Financial Health criteria checks 6/6
Southern Michigan Bancorp has total assets of $1.5B and total equity of $107.1M. Total deposits are $1.3B, and total loans are $1.1B. It earns a Net Interest Margin of 3.2%. It has sufficient allowance for bad loans, which are currently at 0.09% of total loans. Cash and short-term investments are $121.3M.
Key information
14.1x
Asset to equity ratio
3.2%
Net interest margin
| Total deposits | US$1.27b |
| Loan to deposit ratio | Appropriate |
| Bad loans | 0.09% |
| Allowance for bad loans | Sufficient |
| Current ratio | Low |
| Cash & equivalents | US$121.29m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Debt to Equity History and Analysis
Balance Sheet
Financial Institutions Analysis
Asset Level: SOMC's Assets to Equity ratio (14.1x) is moderate.
Allowance for Bad Loans: SOMC has a sufficient allowance for bad loans (1316%).
Low Risk Liabilities: 90% of SOMC's liabilities are made up of primarily low risk sources of funding.
Loan Level: SOMC has an appropriate level of Loans to Assets ratio (71%).
Low Risk Deposits: SOMC's Loans to Deposits ratio (85%) is appropriate.
Level of Bad Loans: SOMC has an appropriate level of bad loans (0.1%).
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/26 18:34 |
| End of Day Share Price | 2024/12/19 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
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Analyst Sources
Southern Michigan Bancorp, Inc. is covered by 0 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
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