Southern Michigan Bancorp Inc
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 and south-central Michigan communities. Its deposit products include interest and non-interest checking, savings, and various types of money market… Read more
Southern Michigan Bancorp Inc (SOMC) - Total Liabilities
Latest total liabilities as of September 2025: $1.55 Billion USD
Based on the latest financial reports, Southern Michigan Bancorp Inc (SOMC) has total liabilities worth $1.55 Billion USD as of September 2025.
Total liabilities represent everything the company owes to external parties, combining both current liabilities—like accounts payable, short-term debt, and accrued expenses—and non-current liabilities such as long-term debt, pension obligations, lease liabilities, and deferred tax liabilities.
Southern Michigan Bancorp Inc - Total Liabilities Trend (1995–2024)
This chart illustrates how Southern Michigan Bancorp Inc's total liabilities have evolved over time, based on quarterly financial data. Explore and compare other companies by total liabilities.
Southern Michigan Bancorp Inc Competitors by Total Liabilities
The table below lists competitors of Southern Michigan Bancorp Inc ranked by their total liabilities.
| Company | Country | Total Liabilities |
|---|---|---|
|
HydroGraph Clean Power Inc.
OTCQB:HGRAF
|
USA | $3.06 Million |
|
Orthex Oyj
HE:ORTHEX
|
Finland | €47.28 Million |
|
KP Tissue Inc
PINK:KPTSF
|
USA | $1.80 Million |
|
C-Rad AB (publ)
ST:CRAD-B
|
Sweden | Skr153.60 Million |
|
Hiap Teck Venture Bhd
KLSE:5072
|
Malaysia | RM543.00 Million |
|
BEST Inc
NYSE:BEST
|
USA | $6.13 Billion |
|
DOF Group ASA
OL:DOFG
|
Norway | Nkr1.90 Billion |
|
Austco Healthcare Ltd
AU:AHC
|
Australia | AU$39.34 Million |
Liability Composition Analysis (1995–2024)
This chart breaks down Southern Michigan Bancorp Inc's total liabilities into key components over time: long-term debt, short-term debt, other current liabilities, and other non-current liabilities. Toggle between absolute values and percentage view to see how the composition has shifted.
Liquidity & Leverage Metrics
Key Metrics Explained
| Metric | Value | Description |
|---|---|---|
| Current Ratio | N/A | Measures ability to pay short-term obligations (Current Assets ÷ Current Liabilities) |
| Quick Ratio | N/A | More stringent measure of short-term liquidity ((Current Assets - Inventory) ÷ Current Liabilities) |
| Cash Ratio | N/A | Most conservative liquidity measure (Cash & Equivalents ÷ Current Liabilities) |
| Debt to Equity | 13.14 | Measures financial leverage (Total Liabilities ÷ Shareholder Equity) |
| Debt to Assets | 0.93 | Portion of assets financed with debt (Total Liabilities ÷ Total Assets) |
Liability Trends Comparison
This chart compares key liability metrics across different time periods, showing how Southern Michigan Bancorp Inc's debt structure has evolved. The comparison includes total liabilities, long-term debt, and current liabilities.
Annual Total Liabilities for Southern Michigan Bancorp Inc (1995–2024)
The table below shows the annual total liabilities of Southern Michigan Bancorp Inc from 1995 to 2024.
| Year | Total Liabilities | Change |
|---|---|---|
| 2024-12-31 | $1.39 Billion | +5.32% |
| 2023-12-31 | $1.32 Billion | +10.65% |
| 2022-12-31 | $1.19 Billion | +11.92% |
| 2021-12-31 | $1.07 Billion | +17.40% |
| 2020-12-31 | $907.37 Million | +24.62% |
| 2019-12-31 | $728.11 Million | +9.77% |
| 2018-12-31 | $663.30 Million | +3.27% |
| 2017-12-31 | $642.31 Million | +12.41% |
| 2016-12-31 | $571.40 Million | +10.95% |
| 2015-12-31 | $515.00 Million | +7.25% |
| 2014-12-31 | $480.19 Million | -0.51% |
| 2013-12-31 | $482.63 Million | +1.77% |
| 2012-12-31 | $474.23 Million | +3.69% |
| 2011-12-31 | $457.36 Million | +2.54% |
| 2010-12-31 | $446.04 Million | +7.05% |
| 2009-12-31 | $416.68 Million | -3.23% |
| 2008-12-31 | $430.58 Million | -1.23% |
| 2007-12-31 | $435.96 Million | +45.68% |
| 2006-12-31 | $299.26 Million | +3.22% |
| 2005-12-31 | $289.93 Million | +1.38% |
| 2004-12-31 | $285.99 Million | -3.13% |
| 2003-12-31 | $295.23 Million | -0.20% |
| 2002-12-31 | $295.81 Million | +1.99% |
| 2001-12-31 | $290.03 Million | +4.34% |
| 2000-12-31 | $277.95 Million | +10.37% |
| 1999-12-31 | $251.84 Million | +2.00% |
| 1998-12-31 | $246.92 Million | +13.30% |
| 1997-12-31 | $217.94 Million | +0.92% |
| 1996-12-31 | $215.95 Million | +12.78% |
| 1995-12-31 | $191.48 Million | -- |