SOMC (Southern Michigan Bancorp) Net Loan: $526.86 Mil (As of Dec. 2018)

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What is Southern Michigan Bancorp Net Loan?

Southern Michigan Bancorp SOMC +1.58% Net Loan is $526.86 Mil as of Dec. 2018.

Southern Michigan Bancorp's quarterly net loan declined from Jun. 2018 ($541.81 Mil) to Sep. 2018 ($529.51 Mil) and declined from Sep. 2018 ($529.51 Mil) to Dec. 2018 ($526.86 Mil).

Southern Michigan Bancorp's annual net loan increased from Dec. 2016 ($445.06 Mil) to Dec. 2017 ($529.51 Mil) and increased from Dec. 2017 ($529.51 Mil) to Dec. 2018 ($526.86 Mil).

Southern Michigan Bancorp Net Loan Historical Data

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The historical data trend for Southern Michigan Bancorp's Net Loan can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Southern Michigan Bancorp Net Loan Chart

Southern Michigan Bancorp Annual Data
Trend Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18
Net Loan
Get a 7-Day Free Trial Premium Member Only Premium Member Only 405.42 417.04 445.06 518.95 526.86

Southern Michigan Bancorp Quarterly Data
Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18
Net Loan Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 518.95 532.19 541.81 529.51 526.86

Southern Michigan Bancorp Net Loan Calculation

Total loans on banks' book. These are the fund that banks have lent out. The loans contribute to banks' income. Some borrower of the loans may stop paying their payment. In this case, the loan is called non-performing loans.

Loans can be divided into residential loans, commercial loans or consumer loans. Peter Lynch loved

Frequently Asked Questions Learn more about Net Loan →
What does a Net Loan of $526.86 Mil mean?
Southern Michigan Bancorp (SOMC) has a Net Loan of $526.86 Mil as of Dec. 2018. The total net loans as recorded on a bank's balance sheet. View historical data on Southern Michigan Bancorp and its competitors.
Is Southern Michigan Bancorp's Net Loan too high?
Southern Michigan Bancorp's current Net Loan is $526.86 Mil.
How does Southern Michigan Bancorp's Net Loan compare to UBNC and EMCF?
Southern Michigan Bancorp's Net Loan of $526.86 Mil can be compared against companies in the Banks industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Net Loan for a Banks company?
A good Net Loan depends on the Banks industry context. However, Net Loan should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Net Loan mean?
A high Net Loan can signal that a stock is expensive relative to its fundamentals. The total net loans as recorded on a bank's balance sheet. View historical data on Southern Michigan Bancorp and its competitors. Southern Michigan Bancorp's current Net Loan is $526.86 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Southern Michigan Bancorp stock overvalued right now?
Southern Michigan Bancorp (SOMC) has a current Net Loan of $526.86 Mil. The current Net Loan is $526.86 Mil. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Net Loan calculated?
Net Loan is calculated from a company's financial statements. For Southern Michigan Bancorp (SOMC), the current Net Loan is $526.86 Mil as of Dec. 2018. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Southern Michigan Bancorp Business Description

Address 51 West Pearl Street, Coldwater, MI, USA, 49036
Southern Michigan Bancorp Inc is a United States-based financial holding company. The majority of its operations are carried out by its banking subsidiary, which offers individuals, businesses, institutions, and government agencies a full range of commercial banking products and services. These products and services include time, savings, and demand deposits; safe deposit box services; automated teller machine services; loans, including both commercial and consumer; investment management; trustee services, etc. The Group mainly caters to the communities located in Michigan through its banking and loan production offices. It has one reportable operating segment: commercial banking.