Southern Michigan Bancorp, Inc.
SOMC · OTC
12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | |
|---|---|---|---|---|
| Assets | – | – | – | – |
| Cash & Equivalents | $69,498 | $73,088 | $75,698 | $117,850 |
| Short-Term Investments | $0 | $0 | $0 | $0 |
| Receivables | $0 | $0 | $0 | $0 |
| Inventory | $0 | $0 | $0 | $0 |
| Other Curr. Assets | $0 | $0 | $7,345 | $6,003 |
| Total Curr. Assets | $69,498 | $73,088 | $83,043 | $123,853 |
| Property Plant & Equip (Net) | $28,635 | $26,137 | $19,850 | $15,764 |
| Goodwill | $13,422 | $13,422 | $13,422 | $13,422 |
| Intangibles | $1,177 | $1,287 | $1,551 | $1,753 |
| Long-Term Investments | $0 | $4,789 | $3,796 | $4,820 |
| Tax Assets | $0 | $10,101 | $10,986 | $4,849 |
| Other NC Assets | $1,383,823 | $1,288,166 | $1,145,751 | $998,545 |
| Total NC Assets | $1,427,057 | $1,343,902 | $1,195,356 | $1,039,153 |
| Other Assets | $0 | $0 | $0 | $0 |
| Total Assets | $1,496,555 | $1,416,990 | $1,278,399 | $1,163,006 |
| Liabilities | – | – | – | – |
| Payables | $0 | $0 | $0 | $0 |
| Short-Term Debt | $0 | $61,010 | $31,471 | $20,799 |
| Tax Payable | $0 | $0 | $0 | $0 |
| Deferred Revenue | $0 | $0 | $0 | $0 |
| Other Curr. Liab. | $591,980 | $497,116 | $518,166 | $762,132 |
| Total Curr. Liab. | $591,980 | $558,126 | $549,637 | $782,931 |
| LT Debt | $117,985 | $85,531 | $57,780 | $57,122 |
| Deferred Rev, NC | $0 | $0 | $576,081 | $214,828 |
| Deferred Tax Liab, NC | $0 | $2,195 | $1,876 | $1,852 |
| Other NC Liab. | $1,262,902 | $673,308 | $0 | $0 |
| Total NC Liab. | $1,380,887 | $761,034 | $642,598 | $282,326 |
| Other Liabilities | -$583,535 | $0 | $0 | $0 |
| Cap. Leases | $0 | $2,978 | $3,196 | $2,608 |
| Total Liabilities | $1,389,332 | $1,319,160 | $1,192,235 | $1,065,257 |
| Equity | – | – | – | – |
| Pref Stock | $0 | $0 | $0 | $0 |
| Common Stock | $11,438 | $11,330 | $11,294 | $11,287 |
| Retained Earnings | $97,462 | $89,808 | $82,705 | $71,581 |
| AOCI | -$15,115 | -$16,434 | -$21,901 | $646 |
| Other Equity | $13,438 | $13,126 | $14,066 | $14,235 |
| Total Equity | $107,223 | $97,830 | $86,164 | $97,749 |
| Supplemental Information | – | – | – | – |
| Minority Interest | $0 | $0 | $0 | $0 |
| Total Liab. & Tot. Equity | $1,496,555 | $1,416,990 | $1,278,399 | $1,163,006 |
| Net Debt | $48,487 | $73,453 | $13,553 | -$39,929 |