RevenueNet IncomeP/EP/SEBITDividendStocksMarket capitalizationDebtLiabilitiesEquityAAQSEmployeesROEROAROCE
Southern Michigan Bancorp Stock

Southern Michigan Bancorp Liabilities 2024

Southern Michigan Bancorp Liabilities

1.19 B USD

Ticker

SOMC

ISIN

US84336P1030

In 2024, Southern Michigan Bancorp's total liabilities amounted to 1.19 B USD, a 11.94% difference from the 1.06 B USD total liabilities in the previous year.

Southern Michigan Bancorp Aktienanalyse

What does Southern Michigan Bancorp do?

Southern Michigan Bancorp Inc. is an American holding company for banks that offers a wide range of financial services. The company was founded in 1898 as the Adrian State Savings Bank and is now a highly integrated community banking group consisting of a network of six banks in Michigan. The banking group provides both traditional banking services and innovative financial products and services to both retail and business customers. This includes online and mobile banking, savings accounts, credit cards, mortgage and loan programs, deposit products, as well as insurance and other financial products. The banking group also provides loans, financing, and investments to business customers in the agriculture, real estate, retail, and manufacturing sectors. The business model of Southern Michigan Bancorp Inc. is based on creating strong local banks that provide a wide range of financial services through their relationships with their customers. Each bank has a strong local presence in their markets and is led by an experienced management team. The banks also have strong balance sheets and capital positions, allowing them to provide higher satisfaction and trust to their customers. Southern Michigan Bancorp Inc. operates six subsidiary banks, including the Bank of Lenawee, Adrian State Bank, Union Bank, Peoples Federal Savings Bank, Century Bank and Trust, and Monroe Bank & Trust. Each of these subsidiaries specializes in a specific market segment and offers specialized financial products and services. The Bank of Lenawee is one of the oldest banks in Southern Michigan Bancorp Inc. and offers a wide range of banking services to retail and business customers. Adrian State Bank specializes in deposit products, mortgage and loan programs, and credit cards. Union Bank is a community bank that focuses on retail and business customers and offers services such as online and mobile banking. Peoples Federal Savings Bank specializes in deposit products, loans, and insurance. Century Bank and Trust operates in the Monroe and Lenawee regions and offers traditional banking services to both retail and business customers. Monroe Bank & Trust is one of the largest banks in the region and offers a broader range of financial products and services, including wealth management services. In recent years, the company has also invested in innovative technologies such as mobile payment services and digital financial products. The company has also established a risk management team to address potential risks and challenges associated with providing financial services in a rapidly changing environment. In summary, Southern Michigan Bancorp Inc. is an established and trusted banking group that offers a wide range of financial products and services to meet the needs of different customers. The banking group's subsidiary banks have strong local connections and are well-equipped to serve customers in the local market. With its focus on innovation and technology, Southern Michigan Bancorp Inc. will continue to play a leading role in the financial industry in the future. Southern Michigan Bancorp ist eines der beliebtesten Unternehmen auf Eulerpool.com.

Liabilities Details

Assessing Southern Michigan Bancorp's Liabilities

Southern Michigan Bancorp's liabilities constitute the company's financial obligations and debts owed to external parties and stakeholders. They are categorized into current liabilities, due within a year, and long-term liabilities, which are due over a longer period. A detailed assessment of these liabilities is crucial for evaluating Southern Michigan Bancorp's financial stability, operational efficiency, and long-term viability.

Year-to-Year Comparison

By comparing Southern Michigan Bancorp's liabilities year-over-year, investors can identify trends, shifts, and anomalies in the company’s financial positioning. A decrease in total liabilities often signals financial strengthening, while an increase might indicate enhanced investments, acquisitions, or potential financial strain.

Impact on Investments

Southern Michigan Bancorp's total liabilities play a significant role in determining the company's leverage and risk profile. Investors and analysts examine this aspect meticulously to ascertain the firm’s ability to meet its financial obligations, which influences investment attractiveness and credit ratings.

Interpreting Liability Fluctuations

Shifts in Southern Michigan Bancorp’s liability structure indicate changes in its financial management and strategy. A reduction in liabilities reflects efficient financial management or debt payoffs, while an increase may suggest expansion, acquisition activities, or accruing operational expenses, each carrying distinct implications for investors.

Frequently Asked Questions about Southern Michigan Bancorp stock

What is the level of liabilities of Southern Michigan Bancorp this year?

Southern Michigan Bancorp has a debt balance of 1.19 B USD this year.

What were the liabilities of Southern Michigan Bancorp compared to the previous year?

The liabilities of Southern Michigan Bancorp have increased by 11.94% increased compared to the previous year.

What are the consequences of high debt for investors of Southern Michigan Bancorp?

High liabilities can pose a risk for investors of Southern Michigan Bancorp, as they can weaken the company's financial position and impair its ability to meet its obligations.

What consequences do low liabilities have for investors in Southern Michigan Bancorp?

Low liabilities mean that Southern Michigan Bancorp has a strong financial position and is able to meet its obligations without overburdening its finances.

How does an increase in liabilities of Southern Michigan Bancorp affect the company?

An increase in liabilities of Southern Michigan Bancorp can lead to the company having more obligations and potentially find it more difficult to meet its financial commitments.

How does a reduction in the liabilities of Southern Michigan Bancorp affect the company?

A decrease in the liabilities of Southern Michigan Bancorp can lead to the company having fewer obligations and a stronger financial position, which can make it easier for the company to fulfill its financial commitments.

What are some factors that influence the liabilities of Southern Michigan Bancorp?

Some factors that can influence the liabilities of Southern Michigan Bancorp include investments, acquisitions, operating costs, and sales development.

Why is the level of liabilities of Southern Michigan Bancorp so important for investors?

The liabilities of Southern Michigan Bancorp are important for investors as they serve as an indicator of the company's financial stability and provide investors with information on how the company meets its financial obligations.

What strategic measures can Southern Michigan Bancorp take to modify the liabilities?

To change its liabilities, Southern Michigan Bancorp can take measures such as cost savings, increasing revenue, selling assets, raising investments, or forming partnerships. It is important for the company to conduct a thorough review of its financial situation to choose the best strategic actions.

How much dividend does Southern Michigan Bancorp pay?

Over the past 12 months, Southern Michigan Bancorp paid a dividend of 0.51 USD . This corresponds to a dividend yield of about 2.65 %. For the coming 12 months, Southern Michigan Bancorp is expected to pay a dividend of 0.51 USD.

What is the dividend yield of Southern Michigan Bancorp?

The current dividend yield of Southern Michigan Bancorp is 2.65 %.

When does Southern Michigan Bancorp pay dividends?

Southern Michigan Bancorp pays a quarterly dividend. This is distributed in the months of February, May, August, November.

How secure is the dividend of Southern Michigan Bancorp?

Southern Michigan Bancorp paid dividends every year for the past 20 years.

What is the dividend of Southern Michigan Bancorp?

For the upcoming 12 months, dividends amounting to 0.51 USD are expected. This corresponds to a dividend yield of 2.65 %.

In which sector is Southern Michigan Bancorp located?

Southern Michigan Bancorp is assigned to the 'Finance' sector.

Wann musste ich die Aktien von Southern Michigan Bancorp kaufen, um die vorherige Dividende zu erhalten?

To receive the latest dividend of Southern Michigan Bancorp from 10/18/2024 amounting to 0.15 USD, you needed to have the stock in your portfolio before the ex-date on 10/9/2024.

When did Southern Michigan Bancorp pay the last dividend?

The last dividend was paid out on 10/18/2024.

What was the dividend of Southern Michigan Bancorp in the year 2023?

In the year 2023, Southern Michigan Bancorp distributed 0.71 USD as dividends.

In which currency does Southern Michigan Bancorp pay out the dividend?

The dividends of Southern Michigan Bancorp are distributed in USD.

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Andere Kennzahlen von Southern Michigan Bancorp

Our stock analysis for Southern Michigan Bancorp Revenue stock includes important financial indicators such as revenue, profit, P/E ratio, P/S ratio, EBIT, as well as information on dividends. We also assess aspects such as stocks, market capitalization, debt, equity, and liabilities of Southern Michigan Bancorp Revenue. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.