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

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$33.5 $0 (0%) SOMC stock closing price Feb 22, 2017 (Closing)

The financial analysis of a company involves interpreting the income statement, balance sheet and cash flow statements of the company to draw insights like we've done in our Southern Michigan Bancorp stock analysis. Balance sheet items like cash at hand, total assets and liabilities helps one analyze a company and summarize the financial performance of the company like we have in our Southern Michigan Bancorp stock analysis. A company releases its balance sheet every quarter along with its quarterly results. The Southern Michigan Bancorp balance sheet for 2016-Q3 shows total assets of $621.04M. View Southern Michigan Bancorp quarterly results to get the balance sheet details for the latest & last 40 quarters data..

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Fiscal year is Jan - Dec. 2016-Q3 2016-Q2 2016-Q1 2015-Q4 2015-Q3 2015-Q2 2015-Q1 2014-Q4 2014-Q3 2014-Q2
Cash41.02M33M40.19M20.42M37.15M17.69M23.75M15.62M16.07M19.96M
Marketable Securities----------
Receivables420.53M415.06M419.52M419.23M407.99M408.97M404.76M407.31M395.11M381.55M
Inventory1.25M0.36M0.1M0.32M0.74M0.87M0.62M0.48M0.73M0.56M
Raw Materials----------
Work In Progress----------
Finished Goods----------
Notes Receivable----------
Other Current Assets----------
Southern Michigan Bancorp Total Current Assets
462.81M448.42M459.82M439.98M445.89M427.54M429.14M423.41M411.92M402.09M
Property Plant & Equipment---26.43M---24.92M--
Accumulated Depreciation---13.74M---13.02M--
Southern Michigan Bancorp Net Property Plant & Equipment
12.81M13.02M13.01M12.68M12.44M11.96M11.81M11.89M11.89M11.93M
Investment & Advances109.93M101.97M90.84M97.15M92M83.9M77.94M72.88M85.09M98.24M
Other Non-Current Assets----------
Deferred Charges----------
Intangibles13.71M13.78M13.84M13.91M13.97M14.04M14.11M14.18M14.25M14.32M
Deposits & Other Assets21.76M21.66M21.38M19.03M19.06M19.57M20.2M20.96M20.74M19.67M
Southern Michigan Bancorp Total Assets
621.04M598.88M598.92M582.77M583.38M557.03M553.22M543.34M543.9M546.27M
Notes Payable15.94M14.64M18.47M16.13M18.07M15.02M14.79M13.89M9.77M-
Accounts Payable514.29M495.07M497.29M477.48M477.08M456.19M453.47M444.27M458.44M456M
Current Portion Long-Term Debt----------
Current Portion Capital Leases----------
Accrued Expenses7.68M7.18M6.15M6.41M7.1M7.14M6.14M6.11M5.79M5.31M
Income Taxes Payable----------
Other Current Liabilities----------
Southern Michigan Bancorp Total Current Liabilities
534.83M513.91M514.79M499.84M501.46M476.82M474M465.03M476.75M473.39M
Mortgages----------
Deferred Taxes/Income----------
Convertible Debt----------
Long-Term Debt15.35M15.15M15.15M15.15M15.15M15.15M15.47M15.15M5.15M11.95M
Non-Current Capital Leases----------
Other Long-Term Liabilities----3.14M3M2.86M2.8M2.6M2.35M
Southern Michigan Bancorp Total Liabilities
550.18M529.06M529.95M515M519.76M494.97M492.34M482.98M484.51M487.71M
Minority Interest----------
Preferred Stock----------
Common Stock Net6.01M6.01M6.03M6.01M5.68M5.68M5.68M5.67M5.68M5.69M
Capital Surplus19.12M19.04M19.41M19.57M16.61M16.63M16.72M17.14M17.2M17.37M
Retained Earnings45.1M43.93M42.96M42.02M41.22M40.08M38.58M37.74M36.85M35.91M
Treasury Stock----------
Other Liabilities0.6M0.83M0.54M0.15M0.1M-0.34M-0.1M-0.2M-0.33M-0.43M
Southern Michigan Bancorp Shareholders Equity
70.85M69.81M68.96M67.76M63.62M62.05M60.88M60.35M59.39M58.56M
Southern Michigan Bancorp Total Liabilities & Shareholders Equity
621.04M598.88M598.92M582.77M583.38M557.03M553.22M543.34M543.9M546.27M
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 monetary significance. SOMC assets grew from $598.88M in 2016-Q2 to $621.04M in 2016-Q3 . 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: The total liabilities of Southern Michigan Bancorp for 2016-Q3 total to $550.18M. 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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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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