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%).