Southern Michigan Bancorp, Inc.
SOMC · OTC
12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | |
|---|---|---|---|---|
| Revenue | $48,564 | $46,813 | $51,514 | $46,149 |
| % Growth | 3.7% | -9.1% | 11.6% | – |
| Cost of Goods Sold | $0 | -$26,493 | $0 | $0 |
| Gross Profit | $48,564 | $73,306 | $51,514 | $46,149 |
| % Margin | 100% | 156.6% | 100% | 100% |
| R&D Expenses | $0 | $0 | $0 | $0 |
| G&A Expenses | $5,431 | $5,303 | $4,369 | $4,237 |
| SG&A Expenses | $32,225 | $29,821 | $26,055 | $23,865 |
| Sales & Mktg Exp. | $694 | $670 | $583 | $397 |
| Other Operating Expenses | $0 | $0 | $0 | $0 |
| Operating Expenses | $32,225 | $29,821 | $26,055 | $23,865 |
| Operating Income | $16,339 | $16,992 | $19,152 | $16,969 |
| % Margin | 33.6% | 36.3% | 37.2% | 36.8% |
| Other Income/Exp. Net | -$4,200 | -$3,644 | -$3,079 | -$2,849 |
| Pre-Tax Income | $12,139 | $13,348 | $16,073 | $14,120 |
| Tax Expense | $1,737 | $2,443 | $2,582 | $2,363 |
| Net Income | $10,402 | $10,905 | $13,491 | $11,757 |
| % Margin | 21.4% | 23.3% | 26.2% | 25.5% |
| EPS | 2.28 | 2.4 | 2.98 | 2.59 |
| % Growth | -5% | -19.5% | 15.1% | – |
| EPS Diluted | 2.28 | 2.4 | 2.97 | 2.58 |
| Weighted Avg Shares Out | 4,562 | 4,544 | 4,529 | 4,545 |
| Weighted Avg Shares Out Dil | 4,558 | 4,541 | 4,545 | 4,551 |
| Supplemental Information | – | – | – | – |
| Interest Income | $0 | $0 | $0 | $0 |
| Interest Expense | $0 | $0 | $0 | $0 |
| Depreciation & Amortization | $0 | -$14,130 | $1,403 | $1,389 |
| EBITDA | $12,139 | -$782 | $17,476 | $15,509 |
| % Margin | 25% | -1.7% | 33.9% | 33.6% |