Southern Michigan Bancorp Balance Sheet - Annual (OTCMKTS:SOMC)

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$33.5 $0 (0%) SOMC stock closing price Feb 23, 2017 (Closing)

The fundamental analysis of this company requires a thorough look at Southern Michigan Bancorp balance sheet. As in our Southern Michigan Bancorp stock analysis, analyzing a company also involves looking at the company's assets and liabilities as given in its balance sheet, which can be used to measure financial performance. A company releases its balance sheet every quarter along with its quarterly results. Southern Michigan Bancorp revenue was $28.5M and Southern Michigan Bancorp operating cash flow was $8.31M forĀ 2015. The balance sheet shows total liabilities of $515M and shareholders equity of $67.76M. View latest and last 10 year balance sheet data to check Southern Michigan Bancorp financial performance..

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Annual
Quarterly
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Fiscal year is Jan - Dec. 2015 2014 2013 2012 2011 2010 2009 2008 2007
Cash20.42M15.62M32.51M50.61M42.47M79.1M27.35M31.3M20.91M
Marketable Securities---------
Receivables419.23M407.31M383.12M366.2M329.54M305.93M329.05M330.82M334.2M
Inventory0.32M0.48M0.11M1.77M1.08M2.63M0.6M0.12M0.62M
Raw Materials---------
Work In Progress---------
Finished Goods---------
Notes Receivable---------
Other Current Assets---------
Southern Michigan Bancorp Total Current Assets
439.98M423.41M415.75M418.59M373.1M387.68M357.01M362.25M355.75M
Property Plant & Equipment26.43M24.92M28.54M28.01M29.47M29.21M25.16M24.5M-
Accumulated Depreciation13.74M13.02M16.18M15.59M16.92M16.61M12.24M11.21M-
Southern Michigan Bancorp Net Property Plant & Equipment
12.68M11.89M12.36M12.41M12.54M12.59M12.91M13.28M13.33M
Investment & Advances97.15M72.88M76M64.52M90.34M59.22M56.94M65.71M77.51M
Other Non-Current Assets---------
Deferred Charges---------
Intangibles13.91M14.18M14.46M14.76M15.08M15.42M15.77M16.13M16.51M
Deposits & Other Assets19.03M20.96M20.86M18.55M18.14M18.94M19.75M17.6M17.06M
Southern Michigan Bancorp Total Assets
582.77M543.34M539.45M528.86M509.22M493.88M462.4M474.99M480.17M
Notes Payable15.94M14.64M18.47M16.13M18.07M15.02M14.79M13.89M9.77M
Accounts Payable477.48M444.27M450.4M444.17M420.51M409.9M380.9M394.04M399.16M
Current Portion Long-Term Debt---------
Current Portion Capital Leases---------
Accrued Expenses6.41M6.11M6.35M5.66M4.56M4.47M4.03M4.27M5.07M
Income Taxes Payable---------
Other Current Liabilities---------
Southern Michigan Bancorp Total Current Liabilities
499.84M465.03M475.23M465.96M443.15M429.4M399.74M412.2M414.02M
Mortgages---------
Deferred Taxes/Income---------
Convertible Debt---------
Long-Term Debt15.15M15.15M5.15M6.19M12.9M15.23M15.98M17.64M19.9M
Non-Current Capital Leases---------
Other Long-Term Liabilities-2.8M2.24M2.06M1.29M1.39M0.94M0.72M2.02M
Southern Michigan Bancorp Total Liabilities
515M482.98M482.63M474.22M457.35M446.03M416.67M430.58M435.95M
Minority Interest---------
Preferred Stock---------
Common Stock Net6.01M5.67M5.66M5.62M5.6M5.58M5.55M5.52M5.53M
Capital Surplus19.57M17.14M17.53M17.7M18.27M18.03M18.36M18.58M17.08M
Retained Earnings42.02M37.74M34.34M31.04M27.57M24.69M22.06M20.59M21.62M
Treasury Stock---------
Other Liabilities0.15M-0.2M-0.71M0.26M0.4M-0.46M-0.24M-0.29M-0.03M
Southern Michigan Bancorp Shareholders Equity
67.76M60.35M56.82M54.63M51.86M47.84M45.73M44.41M44.21M
Southern Michigan Bancorp Total Liabilities & Shareholders Equity
582.77M543.34M539.45M528.86M509.22M493.88M462.4M474.99M480.17M
All figures in USD. M: Millions of USD, B: Billions of USD.
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The latest Southern Michigan Bancorp stock price, and Southern Michigan Bancorp historical stock prices show the stock price movement over time, and the Southern Michigan Bancorp PE ratio chart displays the PE ratio movement. Apart from stock price, one should also look at balance sheet items which mainly comprise of the following:
  • Assets: An asset is a resource that a corporation like Southern Michigan Bancorp owns and has monetary significance. SOMC assets grew from $543.34M in 2014 to $582.77M in 2015 . Assets can be of two types: fixed assets like real estate, plant and machinery; and current assets which includes cash, accounts receivable etc. Tech stocks typically don't have too many assets.
  • Liabilities: This item on the balance sheet implies the firm's, in this case Southern Michigan Bancorp's, legal obligations including loans, accounts payable, deferred revenue, accrued expenses and mortgages. The total liabilities for SOMC stock stand at $515M.
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Southern Michigan Bancorp Balance Sheet - Key Ratios

Current ratio
0.87
Debt to Equity ratio
0.44
Asset Turnover
ratio
0.05
receivables turnover
ratio
0.07

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