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Southern Michigan Bancorp, Inc. reports community-bank developments for Southern Michigan Bank & Trust, its banking subsidiary serving customers through offices in Branch, Calhoun, Hillsdale, Jackson, Kalamazoo and St. Joseph Counties. The company provides consumer, business and wealth management services across its regional banking franchise.
Recurring SOMC news centers on quarterly and annual earnings, net interest margin, loan and deposit growth, total assets, credit quality measures, allowance for credit losses, charge-offs, non-performing loans and board-declared cash dividends on the company’s common stock.
Southern Michigan Bancorp (OTC Pink: SOMC) reported Q1 2026 net income of $3,306,000 or $0.71 per share, up 8.5% from Q1 2025. The company reported record loans, deposits and total assets as of March 31, 2026. Key ratios: annualized ROAA 0.77%, ROAE 10.65%, tax-equivalent net interest margin 3.26%.
Allowance for credit losses was $15,268,000 (1.17% of loans); net loan charge-offs were $817,000; non-performing loans were 0.90% of total loans.
Southern Michigan Bancorp (SOMC) announced a quarterly cash dividend increase to $0.17 per share, up $0.01 from the January 2026 payment. The dividend is payable April 17, 2026, to shareholders of record April 3, 2026.
The annualized dividend equals $0.68 per share, which represents a 2.67% yield based on a current market price of $25.50 per share. Southern Michigan Bancorp operates 18 branches and a loan production office across six counties, providing consumer, business, and wealth management services.
Southern Michigan Bancorp (OTC Pink: SOMC) reported 2025 net income of $12.215M ($2.63/share), up 17.4% from 2024. Q4 2025 net income was $2.912M ($0.62/share), up 9.9% year-over-year. Key metrics: ROAA 0.77%, ROAE 10.64%, tax-equivalent NIM 3.22%.
The company recorded loan growth of 14.1%, deposit growth of 13.2%, total asset growth of 13.0%, allowance for credit losses at 1.22% of loans, and non-performing loans of 0.98% at year-end.
Southern Michigan Bancorp (OTC Pink: SOMC) declared a quarterly cash dividend of $0.16 per share. The dividend is payable on January 23, 2026 to shareholders of record on January 9, 2026. The announcement states an annualized cash dividend of $0.64 per share, representing a 2.68% dividend yield based on a market price of $23.90 per share. Southern Michigan Bancorp is the bank holding company for Southern Michigan Bank & Trust and operates 18 offices across Branch, Calhoun, Hillsdale, Jackson, Kalamazoo, and St. Joseph counties, offering consumer, business, and wealth management services.
Southern Michigan Bancorp (OTC Pink: SOMC) reported Q3 2025 net income of $3.02M ($0.65 per share), up 16.7% versus Q3 2024. For the nine months ended Sept 30, 2025, net income was $9.303M ($2.01 per share), a 20.0% increase year-over-year. Total assets rose to $1.665B from $1.497B at Dec 31, 2024, while loans net of ACL were $1.214B and total deposits were $1.395B at Sept 30, 2025.
Key ratios: annualized ROA (nine months) 0.79%, annualized ROE 11.00%, and tax-equivalent net interest margin 3.21% (nine months). Allowance for credit losses was $14.41M (1.17% of loans); non-performing loans were 1.03% of loans at Sept 30, 2025. The company operates 18 offices across six counties.
Southern Michigan Bancorp (OTC Pink: SOMC) has declared a quarterly cash dividend of $0.16 per share to be paid on October 17, 2025, to shareholders of record as of October 6, 2025. The annualized dividend of $0.64 per share represents a 2.56% yield based on the current market price of $24.99 per share.
The company operates as a bank holding company through Southern Michigan Bank & Trust, with 18 offices across Branch, Calhoun, Hillsdale, Jackson, Kalamazoo, and St. Joseph Counties, providing consumer, business, and wealth management services.
Southern Michigan Bancorp (OTC Pink: SOMC) reported strong Q2 2025 financial results, with net income reaching $3.24 million ($0.70 per share), marking a significant 30.14% increase from Q2 2024's $2.49 million. For H1 2025, the company achieved $6.28 million in net income ($1.36 per share), up 21.64% year-over-year.
Key performance metrics showed improvement, with H1 2025 return on average assets at 0.81% (up from 0.71%) and return on average equity at 11.31% (up from 10.34%). The tax equivalent net interest margin expanded to 3.20% from 2.94%. Credit quality remained robust with non-performing loans at just 0.01% of total loans, and the allowance for credit losses stood at 1.11% of total loans.
Southern Michigan Bancorp (OTC Pink: SOMC) has declared a quarterly cash dividend of $0.16 per share, payable on July 18, 2025, to shareholders of record July 7, 2025. The annualized dividend of $0.64 per share represents a 3.08% yield based on the current market price of $20.75 per share.
Southern Michigan Bancorp operates as a bank holding company through Southern Michigan Bank & Trust, with 18 offices across Branch, Calhoun, Hillsdale, Jackson, Kalamazoo, and St. Joseph Counties, providing consumer, business, and wealth management services.
Southern Michigan Bancorp (SOMC) reported strong Q1 2025 financial results, with net income reaching $3,046,000 ($0.66 per share), marking a 13.7% increase from $2,678,000 ($0.59 per share) in Q1 2024.
Key performance metrics showed improvement, with return on average assets increasing to 0.79% from 0.73%, and return on average equity rising to 11.11% from 10.80% year-over-year. The tax equivalent net interest margin expanded to 3.08% from 2.95%.
Credit quality remained robust with non-performing loans decreasing to 0.06% of total loans (March 31, 2025) from 0.08% (December 31, 2024). The allowance for credit losses stood at $12,780,000, representing 1.12% of loans. Net loan charge-offs decreased to $2,000 in Q1 2025 from $10,000 in Q1 2024.
Southern Michigan Bancorp (SOMC) has announced an increase in its quarterly cash dividend. The Board of Directors approved a $0.16 per share dividend for April 2025, representing a $0.01 increase from the previous $0.15 payment in January 2025.
The dividend will be payable on April 18, 2025, to shareholders of record April 4, 2025. Based on the current market price of $19.00 per share, the annualized cash dividend of $0.64 per share reflects a 3.37% dividend yield.
Southern Michigan Bancorp operates 18 branches across Branch, Calhoun, Hillsdale, Jackson, Kalamazoo, and St. Joseph Counties, along with a loan production office in Jackson County, offering consumer, business, and wealth management services.