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

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$36.75 $0.1 (0.27%) SOMC stock closing price Jul 20, 2018 (Closing)

The fundamental analysis of this company requires a thorough look at Southern Michigan Bancorp balance sheet. All three financial statements should be used to measure the financial performance of the company, and should form a part of the Southern Michigan Bancorp stock analysis. Annual results are typically accompanied with the company releasing financial statements. The balance sheet shows total liabilities of $642.3M and shareholders equity of $70.03M. Southern Michigan Bancorp revenue and Southern Michigan Bancorp operating cash flow are important in understanding the financial capacity of the company.

View latest 10 year balance sheet data to check Southern Michigan Bancorp financial performance.
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Quarterly
Annual
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Fiscal year is Jan - Dec2017201620152014201320122011201020092008
Cash35.91M34.8M20.42M15.62M32.51M50.61M42.47M79.1M27.35M31.3M
Marketable Securities----------
Receivables521.64M447.84M419.23M407.31M383.12M366.2M329.54M305.93M329.05M330.82M
Inventory-----1.77M1.08M2.63M--
Raw Materials----------
Work In Progress----------
Finished Goods----------
Notes Receivable----------
Other Current Assets----------
Total Current Assets
558.07M482.73M439.98M423.41M415.75M418.59M373.1M387.68M357.01M362.25M
Property Plant & Equipment27.72M27.36M26.43M24.92M28.54M28.01M29.47M29.21M25.16M24.5M
Accumulated Depreciation13.46M14.57M13.74M13.02M16.18M15.59M16.92M16.61M12.24M11.21M
Net Property Plant & Equipment
14.26M12.79M12.68M11.89M12.36M12.41M12.54M12.59M12.91M13.28M
Investment & Advances105.18M109.96M97.15M72.88M76M64.52M90.34M59.22M56.94M65.71M
Other Non-Current Assets----------
Deferred Charges----------
Intangibles13.42M13.65M13.91M14.18M14.46M14.76M15.08M15.42M15.77M16.13M
Deposits & Other Assets21.39M22.38M19.03M20.96M20.86M18.55M18.14M18.94M19.75M17.6M
Total Assets
712.34M641.53M582.77M543.34M539.45M528.86M509.22M493.88M462.4M474.99M
Notes Payable13.95M13.31M15.94M14.64M18.47M16.13M18.07M15.02M14.79M13.89M
Accounts Payable577.14M535.84M477.48M444.27M450.4M444.17M420.51M409.9M380.9M394.04M
Current Portion Long-Term Debt----------
Current Portion Capital Leases----------
Accrued Expenses6.55M6.89M6.41M6.11M6.35M5.66M4.56M4.47M4.03M4.27M
Income Taxes Payable----------
Other Current Liabilities----------
Total Current Liabilities
597.65M556.04M499.84M465.03M475.23M465.96M443.15M429.4M399.74M412.2M
Mortgages----------
Deferred Taxes/Income----------
Convertible Debt----------
Long-Term Debt44.65M15.35M15.15M15.15M5.15M6.19M12.9M15.23M15.98M17.64M
Non-Current Capital Leases----------
Other Long-Term Liabilities---2.8M2.24M2.06M1.29M1.39M--
Total Liabilities
642.3M571.4M515M482.98M482.63M474.22M457.35M446.03M416.67M430.58M
Minority Interest----------
Preferred Stock----------
Common Stock Net5.78M6.01M6.01M5.67M5.66M5.62M5.6M5.58M5.55M5.52M
Capital Surplus15.41M19.24M19.57M17.14M17.53M17.7M18.27M18.03M18.36M18.58M
Retained Earnings49.74M46.28M42.02M37.74M34.34M31.04M27.57M24.69M22.06M20.59M
Treasury Stock----------
Other Liabilities-0.91M-1.4M--0.2M-0.71M---0.46M-0.24M-0.29M
Shareholders Equity70.03M70.13M67.76M60.35M56.82M54.63M51.86M47.84M45.73M44.41M
Total Liabilities & Shareholders Equity712.34M641.53M582.77M543.34M539.45M528.86M509.22M493.88M462.4M474.99M
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: SOMC total assets, which was at $712.34M for 2017 is a balance sheet item representing value of what Southern Michigan Bancorp owns. Assets are brought to aid a firms operations, or to increase its economic value. It must be noted that tech stocks may not have a lot of assets, as the value for these companies is often derived from future earning potential.
  • Liabilities: The total liabilities of Southern Michigan Bancorp for the year 2017 total to $642.3M. 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.

Southern Michigan Bancorp Balance Sheet - Key Ratios

Current ratio
0.92
Debt to equity ratio
0.69
Asset turnover ratio
0.05
Receivables turnover
0.07
Price to book ratio
1.21