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

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$33.5 $0 (0%) SOMC stock closing price Jul 20, 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. Quarterly results are typically accompanied with the company releasing financial statements. The Southern Michigan Bancorp balance sheet for 2016 shows total assets of $641.53M. Southern Michigan Bancorp revenue was $28.88M and Southern Michigan Bancorp operating cash flow was $7.52M for the same year. 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. 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007
Cash34.8M20.42M15.62M32.51M50.61M42.47M79.1M27.35M31.3M20.91M
Marketable Securities----------
Receivables447.84M419.23M407.31M383.12M366.2M329.54M305.93M329.05M330.82M334.2M
Inventory0.08M0.32M0.48M0.11M1.77M1.08M2.63M0.6M0.12M0.62M
Raw Materials----------
Work In Progress----------
Finished Goods----------
Notes Receivable----------
Other Current Assets----------
Southern Michigan Bancorp Total Current Assets
482.73M439.98M423.41M415.75M418.59M373.1M387.68M357.01M362.25M355.75M
Property Plant & Equipment27.36M26.43M24.92M28.54M28.01M29.47M29.21M25.16M24.5M-
Accumulated Depreciation14.57M13.74M13.02M16.18M15.59M16.92M16.61M12.24M11.21M-
Southern Michigan Bancorp Net Property Plant & Equipment
12.79M12.68M11.89M12.36M12.41M12.54M12.59M12.91M13.28M13.33M
Investment & Advances109.96M97.15M72.88M76M64.52M90.34M59.22M56.94M65.71M77.51M
Other Non-Current Assets----------
Deferred Charges----------
Intangibles13.65M13.91M14.18M14.46M14.76M15.08M15.42M15.77M16.13M16.51M
Deposits & Other Assets22.38M19.03M20.96M20.86M18.55M18.14M18.94M19.75M17.6M17.06M
Southern Michigan Bancorp Total Assets
641.53M582.77M543.34M539.45M528.86M509.22M493.88M462.4M474.99M480.17M
Notes Payable13.31M15.94M14.64M18.47M16.13M18.07M15.02M14.79M13.89M9.77M
Accounts Payable535.84M477.48M444.27M450.4M444.17M420.51M409.9M380.9M394.04M399.16M
Current Portion Long-Term Debt----------
Current Portion Capital Leases----------
Accrued Expenses6.89M6.41M6.11M6.35M5.66M4.56M4.47M4.03M4.27M5.07M
Income Taxes Payable----------
Other Current Liabilities----------
Southern Michigan Bancorp Total Current Liabilities
556.04M499.84M465.03M475.23M465.96M443.15M429.4M399.74M412.2M414.02M
Mortgages----------
Deferred Taxes/Income----------
Convertible Debt----------
Long-Term Debt15.35M15.15M15.15M5.15M6.19M12.9M15.23M15.98M17.64M19.9M
Non-Current Capital Leases----------
Other Long-Term Liabilities--2.8M2.24M2.06M1.29M1.39M0.94M0.72M2.02M
Southern Michigan Bancorp Total Liabilities
571.4M515M482.98M482.63M474.22M457.35M446.03M416.67M430.58M435.95M
Minority Interest----------
Preferred Stock----------
Common Stock Net6.01M6.01M5.67M5.66M5.62M5.6M5.58M5.55M5.52M5.53M
Capital Surplus19.24M19.57M17.14M17.53M17.7M18.27M18.03M18.36M18.58M17.08M
Retained Earnings46.28M42.02M37.74M34.34M31.04M27.57M24.69M22.06M20.59M21.62M
Treasury Stock----------
Other Liabilities-1.4M0.15M-0.2M-0.71M0.26M0.4M-0.46M-0.24M-0.29M-0.03M
Southern Michigan Bancorp Shareholders Equity
70.13M67.76M60.35M56.82M54.63M51.86M47.84M45.73M44.41M44.21M
Southern Michigan Bancorp Total Liabilities & Shareholders Equity
641.53M582.77M543.34M539.45M528.86M509.22M493.88M462.4M474.99M480.17M
All figures in USD. M: Millions of USD, B: Billions of USD.
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Most investors just check the Southern Michigan Bancorp stock price, and Southern Michigan Bancorp historical stock prices before investing. While share price is an important factor, one should also look at financials and valuation metrics like the Southern Michigan Bancorp PE ratio chart. Below is a brief explanation of common balance sheet terms:
  • Assets: SOMC total assets, which was at $641.53M for 2016 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 or obligations comprise of current liabilities that include short term loans, amounts payable to suppliers, or any other outstanding payments including long term liabilities that take into account long term loans for funding large projects. The total liabilities for Southern Michigan Bancorp is $571.4M. Shareholders' equity comes under liabilities as it is money the company owes the holders of SOMC stock.
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Southern Michigan Bancorp Balance Sheet - Key Ratios

PB ratio (
price to book ratio
)
1.1680