Last $19.90 USD
Change Today -0.85 / -4.10%
Volume 7.4K
SOMC On Other Exchanges
Symbol
Exchange
OTC US
As of 8:10 PM 10/24/14 All times are local (Market data is delayed by at least 15 minutes).

southern michigan bancorp (SOMC) Snapshot

Open
$19.75
Previous Close
$20.75
Day High
$19.90
Day Low
$19.75
52 Week High
10/21/14 - $20.75
52 Week Low
10/28/13 - $16.61
Market Cap
45.1M
Average Volume 10 Days
1.7K
EPS TTM
$1.97
Shares Outstanding
2.3M
EX-Date
10/8/14
P/E TM
10.1x
Dividend
$0.60
Dividend Yield
2.81%
Current Stock Chart for SOUTHERN MICHIGAN BANCORP (SOMC)

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southern michigan bancorp (SOMC) Details

Southern Michigan Bancorp, Inc. operates as the bank holding company for Southern Michigan Bank & Trust, which provides commercial banking products and services to individuals, businesses, institutions, and government agencies in the southwest Michigan communities. The company accepts a range of deposit products, such as interest and non-interest checking, passbook savings, and money market accounts, as well as time deposits and certificates of deposit. It provides commercial and agricultural loans; commercial, residential, and construction real estate loans; and consumer loans. In addition, the company offers trust and investment services, which include investment management, trustee services, IRA rollovers and retirement plans, institutional and personal custody, estate settlement, wealth management, estate planning assistance, wealth transfer planning assistance, charitable gift planning assistance, and cash management custody; and safe deposit and automated teller machine services. It operates 15 banking offices in Battle Creek, Camden, Centreville, Coldwater, Constantine, Hillsdale, Marshall, Mendon, Tekonsha, Three Rivers, and Union City, Michigan. The company is headquartered in Coldwater, Michigan.

southern michigan bancorp (SOMC) Top Compensated Officers

Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $150.3K
Director, Chairman of Southern and Southern M...
Total Annual Compensation: $277.2K
Director, Member of Executive Committee, Pres...
Total Annual Compensation: $231.0K
Compensation as of Fiscal Year 2012.

southern michigan bancorp (SOMC) Key Developments

Southern Michigan Bancorp Inc. expected to report Q3 2014 results on October 24, 2014. This event was calculated by Capital IQ (Created on October 22, 2014).

Southern Michigan Bancorp Inc. expected to report Q3 2014 results on October 24, 2014. This event was calculated by Capital IQ (Created on October 22, 2014).

Southern Michigan Bancorp Inc. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014

Southern Michigan Bancorp Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported total interest income of $5.103 million compared to $5.050 million a year ago. Net interest income was $4.715 million compared to $4.530 million a year ago. Income before income taxes was $1.789 million compared to $1.659 million a year ago. Net income was $1.292 million or $0.54 per basic and diluted share compared to $1.207 million or $0.50 per basic and diluted share a year ago. For the nine months, the company reported total interest income of $15.160 million compared to $14.871 million a year ago. Net interest income was $13.913 million compared to $13.233 million a year ago. Income before income taxes was $4.872 million compared to $4.559 million a year ago. Net income was $3.540 million or $1.47 per basic and diluted share compared to $3.341 million or $1.40 per basic and diluted share a year ago. The annualized return on average assets for the nine month periods ended September 30, 2014 and 2013 was 0.85% and 0.84%, respectively. The annualized return on average equity was 7.92% for the first nine months of 2014 compared to 7.97% for the same period of 2013.

Southern Michigan Bancorp Inc. Declares Cash Dividend, Payable on October 24, 2014

Southern Michigan Bancorp Inc. declared a quarterly dividend of $0.15 per share on the outstanding shares of the corporation's stock. The dividend is payable on October 24, 2014 to shareholders of record October 10, 2014. The annualized cash dividend of $0.60 per share represents a 3.04% dividend yield based on the current market price of $19.75 per share.

 

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SOMC:US $19.90 USD -0.85

SOMC Competitors

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Company Last Change
ChoiceOne Financial Services Inc $20.50 USD 0.00
Citizens Community Bancorp Inc/WI $8.84 USD -0.01
Commercial National Financial Corp/PA $21.15 USD 0.00
Mackinac Financial Corp $10.93 USD 0.00
PSB Holdings Inc/WI $34.40 USD +0.75
View Industry Companies
 

Industry Analysis

SOMC

Industry Average

Valuation SOMC Industry Range
Price/Earnings 10.6x
Price/Sales 2.0x
Price/Book 0.8x
Price/Cash Flow 10.6x
TEV/Sales 0.6x
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