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

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$37.5 $0 (0%) SOMC stock closing price Jun 19, 2018 (Closing)

A thorough fundamental analysis involves using data from Southern Michigan Bancorp balance sheet, apart from other financial statements, to value the business. 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. Good quarterly results indicate a company's strong financial performance. Its important to check all financial statements including the balance sheet. The Southern Michigan Bancorp balance sheet for 2018 Q1 shows total assets of $719.23M. The company has a asset turnover ratio of 0.05. Also see: Southern Michigan Bancorp revenue and Southern Michigan Bancorp operating cash flow for the same quarter.

View and download Southern Michigan Bancorp quarterly results to get the balance sheet details for the latest 40 quarters data.
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Quarterly
Annual
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Fiscal year is Jan - Dec2018 Q12017 Q42017 Q32017 Q22017 Q12016 Q42016 Q32016 Q22016 Q12015 Q4
Cash31.31M35.91M59.2M23.65M40.35M34.8M41.02M33M40.19M20.42M
Marketable Securities----------
Receivables534.9M521.64M495.79M483.9M451.51M447.84M420.53M415.06M419.52M419.23M
Inventory------1.25M---
Raw Materials----------
Work In Progress----------
Finished Goods----------
Notes Receivable----------
Other Current Assets----------
Total Current Assets
566.77M558.07M555.81M508.43M492.51M482.73M462.81M448.42M459.82M439.98M
Property Plant & Equipment-27.72M---27.36M---26.43M
Accumulated Depreciation-13.46M---14.57M---13.74M
Net Property Plant & Equipment
14.29M14.26M14.22M13.52M13.3M12.79M12.81M13.02M13.01M12.68M
Investment & Advances102.06M105.18M102.1M104.18M107.85M109.96M109.93M101.97M90.84M97.15M
Other Non-Current Assets----------
Deferred Charges----------
Intangibles13.78M13.42M13.42M13.42M13.59M13.65M13.71M13.78M13.84M13.91M
Deposits & Other Assets22.33M21.39M26.76M25.29M22.48M22.38M21.76M21.66M21.38M19.03M
Total Assets
719.23M712.34M712.32M664.86M649.74M641.53M621.04M598.88M598.92M582.77M
Notes Payable13.95M13.31M15.94M14.64M18.47M16.13M18.07M15.02M14.79M13.89M
Accounts Payable595.19M577.14M576.03M541.27M542.31M535.84M514.29M495.07M497.29M477.48M
Current Portion Long-Term Debt----------
Current Portion Capital Leases----------
Accrued Expenses6.95M6.55M8.05M7.89M7.69M6.89M7.68M7.18M6.15M6.41M
Income Taxes Payable----------
Other Current Liabilities----------
Total Current Liabilities
614.77M597.65M597.11M560.58M562.82M556.04M534.83M513.91M514.79M499.84M
Mortgages----------
Deferred Taxes/Income----------
Convertible Debt----------
Long-Term Debt34.41M44.65M44.9M35.35M15.35M15.35M15.35M15.15M15.15M15.15M
Non-Current Capital Leases----------
Other Long-Term Liabilities----------
Total Liabilities
649.17M642.3M642.01M595.93M578.18M571.4M550.18M529.06M529.95M515M
Minority Interest----------
Preferred Stock----------
Common Stock Net5.8M5.78M5.79M5.79M6.16M6.01M6.01M6.01M6.03M6.01M
Capital Surplus14.84M15.41M15.23M15.06M19.1M19.24M19.12M19.04M19.41M19.57M
Retained Earnings51.06M49.74M49.49M48.23M47.23M46.28M45.1M43.93M42.96M42.02M
Treasury Stock----------
Other Liabilities-1.64M-0.91M-0.21M-0.16M-0.94M-1.4M----
Shareholders Equity70.06M70.03M70.3M68.92M71.56M70.13M70.85M69.81M68.96M67.76M
Total Liabilities & Shareholders Equity719.23M712.34M712.32M664.86M649.74M641.53M621.04M598.88M598.92M582.77M
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 $712.34M in 2017 Q4 to $719.23M in 2018 Q1. 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 $649.17M.

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
1.23