Southern Michigan Bancorp, Inc. (SOMC) financial statements (2020 and earlier)

Company profile

Business Address 51 W PEARL ST
COLDWATER, MI 49036
State of Incorp. MI
Fiscal Year End December 31
SIC 6022 - State Commercial Banks (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2012
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments50
Cash and cash equivalents50
Total current assets:50
Noncurrent Assets
Property, plant and equipment12
Intangible assets, net (including goodwill)15
Goodwill13
Intangible assets, net (excluding goodwill)1
Total noncurrent assets:27
Other undisclosed assets451
TOTAL ASSETS:529
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Other undisclosed liabilities474
Total liabilities:474
Temporary equity, carrying amount2
Stockholders' equity
Stockholders' equity attributable to parent55
Common stock6
Additional paid in capital18
Accumulated other comprehensive income0
Retained earnings31
Unearned esop shares(0)
Other undisclosed stockholders' equity(2)
Total stockholders' equity:53
TOTAL LIABILITIES AND EQUITY:529

Income statement (P&L) ($ in millions)

12/31/2012
Cost of goods and services sold(1)
Amortization of mortgage servicing rights (msrs)0
Gross profit:(1)
Operating expenses(11)
Other operating income, net
(Noninterest Income, Other Operating Income)
1
Operating loss:(12)
Nonoperating income0
Losses on sales of other real estate(0)
Bank owned life insurance income0
Interest and debt expense(3)
Other undisclosed income from continuing operations before equity method investments, income taxes20
Income from continuing operations before income taxes:6
Income tax expense(1)
Net income available to common stockholders, diluted:4

Comprehensive Income ($ in millions)

12/31/2012
Net income:4
Other comprehensive loss(0)
Comprehensive income, net of tax, attributable to parent:4

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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