Southern Michigan Bancorp, Inc.

Southern Michigan Bancorp, Inc.verified

SOMC

Price:

$30

Market Cap:

$137.54M

Southern Michigan Bancorp, Inc. serves as the bank holding company for Southern Michigan Bank & Trust, delivering a comprehensive array of commercial banking solutions. These services cater to individuals, businesses, institutions, and governmental agencies, predominantly within southwest Michigan communities. Its diverse deposit offerings encompass interest-bearing and non-interest checking accounts, various savings and money market accounts, time, savings, and demand deposits, as well as Certificates of Deposit (CDs) and Individual Retirement Accounts (IRAs). The company extends various lending solutions. For consumers, these include home mortgages, equity loans, home equity lines of credi...[Read more]

Industry

Banks - Regional

IPO Date

1999-04-26

Stock Exchange

OTC

Ticker

SOMC

The Current Ratio as of June 2026 (TTM) for Southern Michigan Bancorp, Inc. (SOMC) is 78.55

According to Southern Michigan Bancorp, Inc.’s latest financial reports and current stock price. The company's current Current Ratio is 78.55. This represents a change of -8.85% compared to the average of 86.17 of the last 4 quarters.

Southern Michigan Bancorp, Inc. (SOMC) Historical Current Ratio (quarterly & annually)

How has SOMC Current Ratio performed in the past?

The mean historical Current Ratio of Southern Michigan Bancorp, Inc. over the last ten years is 8.11. The current 78.55 Current Ratio has changed 96.75% with respect to the historical average. Over the past ten years (40 quarters), SOMC's Current Ratio was at its highest in in the September 2025 quarter at 115.03. The Current Ratio was at its lowest in in the December 2023 quarter at 0.13.

Quarterly (TTM)
Annual

Average

8.11

Median

0.19

Minimum

0.12

Maximum

79.41

Southern Michigan Bancorp, Inc. (SOMC) Current Ratio by Quarter and Year

Discovering the peaks and valleys of Southern Michigan Bancorp, Inc. Current Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = 67.54%

Maximum Annual Current Ratio = 79.41

Minimum Annual Increase = -43.26%

Minimum Annual Current Ratio = 0.12

Quarterly (TTM)
Annual
YearCurrent RatioChange
202579.4167.54%
20240.12-10.35%
20230.13-13.33%
20220.15-4.49%
20210.16-2.39%
20200.16-43.26%
20190.2912.78%
20180.2520.31%
20170.21-9.37%
20160.232.60%

Southern Michigan Bancorp, Inc. (SOMC) Average Current Ratio

How has SOMC Current Ratio performed in the past?

The current Current Ratio of Southern Michigan Bancorp, Inc. (SOMC) is greater than its 3-year, greater than its 5-year, and greater than its 10-year historical averages

3-year avg

26.55

5-year avg

15.99

10-year avg

8.11

Southern Michigan Bancorp, Inc. (SOMC) Current Ratio vs. Peers

How is SOMC’s Current Ratio compared to its peers?

Southern Michigan Bancorp, Inc.’s Current Ratio is greater than FFD Financial Corporation (0.11), greater than Dimeco, Inc. (0.02), greater than American Bank Incorporated (3.82), greater than BNCCORP, Inc. (0.20), greater than Cornerstone Bancorp Inc. (0), greater than Pontiac Bancorp, Inc. (0.09), greater than Chesapeake Financial Shares, Inc. (0.46), greater than Tri-County Financial Group, Inc. (1.23), greater than Kish Bancorp, Inc. (0), greater than United Bancshares, Inc. (0),

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