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

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$28.25 $0 (0%) SOMC stock closing price Dec 02, 2016 (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. Quarterly results announcements include the release of all three financial statements, of which the balance sheet is one. Southern Michigan Bancorp had a long term debt of $15.15M at the end of 2016-Q1. View Southern Michigan Bancorp quarterly results to get the balance sheet details for the latest & last 40 quarters data..

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Annual
Quarterly
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Fiscal year is Jan - Dec. 2016-Q1 2015-Q4 2015-Q3 2015-Q2 2015-Q1 2014-Q4 2014-Q3 2014-Q2 2014-Q1
Cash40.19M20.42M37.15M17.69M23.75M15.62M16.07M19.96M66.57M
Marketable Securities---------
Receivables419.52M419.23M407.99M408.97M404.76M407.31M395.11M381.55M376.63M
Inventory0.1M0.32M0.74M0.87M0.62M0.48M0.73M0.56M0.69M
Raw Materials---------
Work In Progress---------
Finished Goods---------
Notes Receivable---------
Other Current Assets---------
Southern Michigan Bancorp Total Current Assets
459.82M439.98M445.89M427.54M429.14M423.41M411.92M402.09M443.89M
Property Plant & Equipment-26.43M---24.92M---
Accumulated Depreciation-13.74M---13.02M---
Southern Michigan Bancorp Net Property Plant & Equipment
13.01M12.68M12.44M11.96M11.81M11.89M11.89M11.93M12.25M
Investment & Advances90.84M97.15M92M83.9M77.94M72.88M85.09M98.24M93.22M
Other Non-Current Assets---------
Deferred Charges---------
Intangibles13.84M13.91M13.97M14.04M14.11M14.18M14.25M14.32M14.39M
Deposits & Other Assets21.38M19.03M19.06M19.57M20.2M20.96M20.74M19.67M19.55M
Southern Michigan Bancorp Total Assets
598.92M582.77M583.38M557.03M553.22M543.34M543.9M546.27M583.33M
Notes Payable18.47M16.13M18.07M15.02M14.79M13.89M9.77M--
Accounts Payable497.29M477.48M477.08M456.19M453.47M444.27M458.44M456M499.39M
Current Portion Long-Term Debt---------
Current Portion Capital Leases---------
Accrued Expenses6.15M6.41M7.1M7.14M6.14M6.11M5.79M5.31M5.11M
Income Taxes Payable---------
Other Current Liabilities---------
Southern Michigan Bancorp Total Current Liabilities
514.79M499.84M501.46M476.82M474M465.03M476.75M473.39M518.44M
Mortgages---------
Deferred Taxes/Income---------
Convertible Debt---------
Long-Term Debt15.15M15.15M15.15M15.15M15.47M15.15M5.15M11.95M5.15M
Non-Current Capital Leases---------
Other Long-Term Liabilities--3.14M3M2.86M2.8M2.6M2.35M2.16M
Southern Michigan Bancorp Total Liabilities
529.95M515M519.76M494.97M492.34M482.98M484.51M487.71M525.76M
Minority Interest---------
Preferred Stock---------
Common Stock Net6.03M6.01M5.68M5.68M5.68M5.67M5.68M5.69M5.7M
Capital Surplus19.41M19.57M16.61M16.63M16.72M17.14M17.2M17.37M17.51M
Retained Earnings42.96M42.02M41.22M40.08M38.58M37.74M36.85M35.91M35.13M
Treasury Stock---------
Other Liabilities0.54M0.15M0.1M-0.34M-0.1M-0.2M-0.33M-0.43M-0.79M
Southern Michigan Bancorp Shareholders Equity
68.96M67.76M63.62M62.05M60.88M60.35M59.39M58.56M57.56M
Southern Michigan Bancorp Total Liabilities & Shareholders Equity
598.92M582.77M583.38M557.03M553.22M543.34M543.9M546.27M583.33M
All figures in USD. M: Millions of USD, B: Billions of USD.
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Looking at Southern Michigan Bancorp historical stock prices and the current Southern Michigan Bancorp stock price can tell you how the stock price has moved, whereas the Southern Michigan Bancorp PE ratio chart shows if its shares are overpriced in comparison to peers. The important things to look for in a balance sheet are:
  • Assets: An asset is a resource that a corporation like Southern Michigan Bancorp owns and has economic value. The two major types of assets are: fixed assets like real estate, plant and machinery and current assets like cash, marketable securities and inventory. The total asset value for SOMC stock as of quarter is $598.92M. Its easy to associate the term with manufacturing companies, which invest a lot in factories and equipment. However, the same cannot be said about tech stocks.
  • Liabilities: The total liabilities of Southern Michigan Bancorp for 2016-Q1 total to $529.95M. Liabilities for a company like Southern Michigan Bancorp include bank loans, services which have been availed for which a settlement in the form of cash/ asset transfer needs to be done in future etc. A firm takes on such obligations to grow its business which in turn will generate future economic benefits for its business.
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