SOMC
Price:
$25.5
Market Cap:
$116.91M
Southern Michigan Bancorp, Inc. operates as the bank holding company for Southern Michigan Bank & Trust that provides a range of commercial banking services to individuals, businesses, institutions, and governmental agencies primarily in the southwest Michigan communities. Its deposit products include interest and non-interest checking, savings, and various types of money market accounts; time, savings, and demand deposits; and certificates of deposit and IRAs. The company also provides home mortgages and equity loans, home equity line of credit, and auto/personal loans; business loans, such as lines of credit, term loans, commercial real estate loans, commercial and industrial loans, agricu...[Read more]
Industry
Banks - Regional
IPO Date
1999-04-26
Stock Exchange
OTC
Ticker
SOMC
According to Southern Michigan Bancorp, Inc.’s latest financial reports and current stock price. The company's current Current Ratio is 78.78. This represents a change of 300.00% compared to the average of 19.69 of the last 4 quarters.
The mean historical Current Ratio of Southern Michigan Bancorp, Inc. over the last ten years is 8.11. The current 78.78 Current Ratio has changed 97.02% with respect to the historical average. Over the past ten years (40 quarters), SOMC's Current Ratio was at its highest in in the December 2025 quarter at 78.78. The Current Ratio was at its lowest in in the March 2025 quarter at 0.
Average
8.11
Median
0.19
Minimum
0.12
Maximum
79.41
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
| Year | Current Ratio | Change |
|---|---|---|
| 2025 | 79.41 | 67.54% |
| 2024 | 0.12 | -10.35% |
| 2023 | 0.13 | -13.33% |
| 2022 | 0.15 | -4.49% |
| 2021 | 0.16 | -2.39% |
| 2020 | 0.16 | -43.26% |
| 2019 | 0.29 | 12.78% |
| 2018 | 0.25 | 20.31% |
| 2017 | 0.21 | -9.37% |
| 2016 | 0.23 | 2.60% |
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.’s Current Ratio is greater than FFD Financial Corporation (0), greater than Dimeco, Inc. (0.29), greater than American Bank Incorporated (5.16), greater than BNCCORP, Inc. (0), greater than Cornerstone Bancorp Inc. (0), greater than Pontiac Bancorp, Inc. (0.12), greater than Chesapeake Financial Shares, Inc. (2.99), greater than Tri-County Financial Group, Inc. (0.16), greater than Kish Bancorp, Inc. (0), greater than United Bancshares, Inc. (0),
| Company | Current Ratio | Market cap |
|---|---|---|
| 0 | $133.15M | |
| 0.29 | $119.00M | |
| 5.16 | $112.24M | |
| 0 | $125.10M | |
| 0 | $127.87M | |
| 0.12 | $165.53M | |
| 2.99 | $152.49M | |
| 0.16 | $123.13M | |
| 0 | $143.01M | |
| 0 | $118.07M |
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What is the Current Ratio?
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What is the 3-year average Current Ratio for Southern Michigan Bancorp, Inc. (SOMC)?
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