Southern Michigan Bancorp, Inc. (SOMC)
OTCMKTS
· Delayed Price · Currency is USD
24.50
-1.00 (-3.92%)
Mar 6, 2026, 4:00 PM EST
Southern Michigan Bancorp Income Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Fiscal Year | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | 2020 - 2016 |
|---|---|---|---|---|---|---|
Period Ending | 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 | 2020 - 2016 |
| Interest Income on Loans | 72.78 | 64.38 | 54.89 | 36.58 | 32.59 | Upgrade
|
| Interest Income on Investments | 10.62 | 11.74 | 10.68 | 7.55 | 4.55 | Upgrade
|
| Total Interest Income | 83.4 | 76.12 | 65.57 | 44.13 | 37.14 | Upgrade
|
| Interest Paid on Deposits | 30.43 | 29.01 | 20.59 | 4.12 | 2.27 | Upgrade
|
| Interest Paid on Borrowings | 5.48 | 6.02 | 5 | 1.91 | 1.55 | Upgrade
|
| Total Interest Expense | 35.92 | 35.03 | 25.59 | 6.03 | 3.82 | Upgrade
|
| Net Interest Income | 47.48 | 41.09 | 39.98 | 38.1 | 33.32 | Upgrade
|
| Net Interest Income Growth (YoY) | 15.56% | 2.77% | 4.93% | 14.36% | 24.90% | Upgrade
|
| Trust Income | 3.22 | 2.74 | 2.42 | 2.26 | 2.27 | Upgrade
|
| Gain (Loss) on Sale of Assets | - | - | - | - | 0.01 | Upgrade
|
| Gain (Loss) on Sale of Investments | - | -0 | - | -0.67 | 0.01 | Upgrade
|
| Other Non-Interest Income | 3.75 | 3.39 | 3.34 | 3.66 | 3.16 | Upgrade
|
| Total Non-Interest Income | 9.78 | 8.49 | 7.74 | 7.38 | 9.02 | Upgrade
|
| Non-Interest Income Growth (YoY) | 15.14% | 9.73% | 4.85% | -18.14% | 7.33% | Upgrade
|
| Revenues Before Loan Losses | 57.26 | 49.58 | 47.72 | 45.48 | 42.33 | Upgrade
|
| Provision for Loan Losses | 3.2 | 1.01 | 0.95 | 0.28 | 1.5 | Upgrade
|
| Revenue | 54.06 | 48.56 | 46.77 | 45.21 | 40.83 | Upgrade
|
| Revenue Growth (YoY) | 11.32% | 3.84% | 3.45% | 10.71% | 25.74% | Upgrade
|
| Salaries and Employee Benefits | 24.15 | 20.77 | 18.7 | 16.97 | 15.06 | Upgrade
|
| Occupancy Expenses | 2.44 | 2.05 | 1.81 | 1.68 | 1.57 | Upgrade
|
| Amortization of Goodwill & Intangibles | - | 0.77 | 0.78 | 0.38 | 0.33 | Upgrade
|
| Selling, General & Administrative | 7.77 | 9.4 | 9.31 | 7.41 | 7.24 | Upgrade
|
| Other Non-Interest Expense | 5.32 | 3.43 | 2.82 | 2.7 | 2.52 | Upgrade
|
| Total Non-Interest Expense | 39.67 | 36.43 | 33.42 | 29.13 | 26.71 | Upgrade
|
| EBT Excluding Unusual Items | 14.39 | 12.14 | 13.35 | 16.07 | 14.12 | Upgrade
|
| Pretax Income | 14.39 | 12.14 | 13.35 | 16.07 | 14.12 | Upgrade
|
| Income Tax Expense | 2.18 | 1.74 | 2.44 | 2.58 | 2.36 | Upgrade
|
| Net Income | 12.22 | 10.4 | 10.91 | 13.49 | 11.76 | Upgrade
|
| Net Income to Common | 12.22 | 10.4 | 10.91 | 13.49 | 11.76 | Upgrade
|
| Net Income Growth | 17.43% | -4.61% | -19.17% | 14.75% | 59.18% | Upgrade
|
| Basic Shares Outstanding | 5 | 5 | 5 | 5 | 5 | Upgrade
|
| Diluted Shares Outstanding | 5 | 5 | 5 | 5 | 5 | Upgrade
|
| Shares Change (YoY) | 1.89% | 0.38% | -0.08% | -0.14% | -1.18% | Upgrade
|
| EPS (Basic) | 2.65 | 2.28 | 2.40 | 2.98 | 2.59 | Upgrade
|
| EPS (Diluted) | 2.63 | 2.28 | 2.40 | 2.97 | 2.58 | Upgrade
|
| EPS Growth | 15.35% | -5.00% | -19.19% | 15.12% | 60.82% | Upgrade
|
| Dividend Per Share | 0.640 | 0.600 | 0.560 | 0.520 | 0.480 | Upgrade
|
| Dividend Growth | 6.67% | 7.14% | 7.69% | 8.33% | 4.35% | Upgrade
|
| Effective Tax Rate | 15.12% | 14.31% | 18.30% | 16.06% | 16.73% | Upgrade
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Source: S&P Capital IQ. Banks template. Financial Sources.