SOUTHERN MICHIGAN BANCORP INC company info

CIK 703699
IRS Number 382407501
State of incorporation MI
Business address 51 W PEARL ST
None
COLDWATER
MI
49036
Mail address 51 W PEARL ST
None
COLDWATER
MI
49036

Short summary

SOUTHERN MICHIGAN BANCORP INC is a Michigan company, with head office located at 51 W Pearl St Coldwater, Michigan 49036. The company achieved a record breaking net income last year - 4.35 million USD. This is 27.87% higher than one reported in 2011. In 2012 the company owned a total of 528.86 million USD worth of assets. The company amassed the most assets last year, totalling up to 528.86 million USD.

SOUTHERN MICHIGAN BANCORP INC Income Statement

Name [in Millions USD]20082009201020112012Trends
Interest expense 5.404.473.752.82
Income Tax Expense (Benefit) 0.080.720.961.43
Net income 0.811.943.103.404.35

SOUTHERN MICHIGAN BANCORP INC Balance Sheet

Name [in Millions USD]20082009201020112012Trends
Cash and cash equivalents 27.9942.4244.9434.7750.33
Property, Plant and Equipment, Gross 29.4728.02
Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment 16.9315.60
Goodwill 13.4213.4213.42
Intangible Assets, Net (Excluding Goodwill) 1.841.501.34
Total assets 475.00462.41481.32503.87528.86
Total liabilities 431.58450.57474.23
Common Stock, Value, Issued 5.625.645.63
Retained Earnings (Accumulated Deficit) 25.9729.2231.05
Accumulated Other Comprehensive Income (Loss), Net of Tax 0.340.550.30

SOUTHERN MICHIGAN BANCORP INC Cash Flow

Name [in Millions USD]20082009201020112012Trends
Net income 0.811.943.103.404.35
Amortization of Intangible Assets 0.360.350.340.33
Deferred Income Tax Expense (Benefit) 0.510.180.15-0.12
Net Cash Provided by (Used in) Operating Activities 5.005.538.437.94
Payments to Acquire Property, Plant, and Equipment 0.690.800.880.85
Net Cash Provided by (Used in) Investing Activities 6.5320.49-55.94-14.04
Payments of Ordinary Dividends, Common Stock 0.810.470.470.76
Net Cash Provided by (Used in) Financing Activities -14.7128.0010.8614.25
Cash and Cash Equivalents, Period Increase (Decrease) -3.1854.02-36.658.15