SOMC
Price:
$19.25
Market Cap:
$88.26M
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
PNK
Ticker
SOMC
According to Southern Michigan Bancorp, Inc.’s latest financial reports and current stock price. The company's current Current Ratio is 0.55. This represents a change of 31.90% compared to the average of 0.42 of the last 4 quarters.
The mean historical Current Ratio of Southern Michigan Bancorp, Inc. over the last ten years is 3.21. The current 0.55 Current Ratio has changed 1.61% 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 2018 quarter at 46.88. The Current Ratio was at its lowest in in the December 2023 quarter at 0.13.
Average
3.21
Median
0.29
Minimum
0.13
Maximum
28.96
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 = 146.56%
Maximum Annual Current Ratio = 28.96
Minimum Annual Increase = -97.90%
Minimum Annual Current Ratio = 0.13
Year | Current Ratio | Change |
---|---|---|
2023 | 0.13 | -13.33% |
2022 | 0.15 | -4.49% |
2021 | 0.16 | -2.39% |
2020 | 0.16 | -43.26% |
2019 | 0.29 | -59.44% |
2018 | 0.70 | 146.56% |
2017 | 0.29 | -53.43% |
2016 | 0.61 | 0.92% |
2015 | 0.61 | -97.90% |
2014 | 28.96 | -11.45% |
The current Current Ratio of Southern Michigan Bancorp, Inc. (SOMC) is greater than its 3-year, greater than its 5-year, and less than than its 10-year historical averages
3-year avg
0.15
5-year avg
0.18
10-year avg
3.21
Southern Michigan Bancorp, Inc.’s Current Ratio is greater than FS Bancorp (0.25), greater than Eastern Michigan Financial Corporation (0), greater than Sturgis Bancorp, Inc. (0.17), greater than Grand River Commerce, Inc. (0), greater than Bank of Botetourt (0.25), greater than Century Financial Corporation (0), greater than Keweenaw Financial Corporation (0), greater than Bank of Utica (0.29), greater than Killbuck Bancshares, Inc. (0.12), greater than CNB Corporation (0), less than Village Bank and Trust Financial Corp. (276.91), greater than United Bancorporation of Alabama, Inc. (0), greater than Wintrust Financial Corporation (0.11), greater than Associated Banc-Corp (0.15), greater than Home Federal Bancorp, Inc. of Louisiana (0), greater than Lake Shore Bancorp, Inc. (0), less than HMN Financial, Inc. (4.41), greater than Oak Valley Bancorp (0), less than Cullman Bancorp, Inc. (76.62),
Company | Current Ratio | Market cap |
---|---|---|
0.25 | $155.44M | |
0 | $42.82M | |
0.17 | $44.11M | |
0 | $20.20M | |
0.25 | $62.14M | |
0 | $249.98M | |
0 | $69.66M | |
0.29 | $117.50M | |
0.12 | $59.79M | |
0 | $21.82M | |
276.91 | $119.50M | |
0 | $203.41M | |
0.11 | $8.37B | |
0.15 | $3.98B | |
0 | $40.63M | |
0 | $75.59M | |
4.41 | $124.97M | |
0 | $238.64M | |
76.62 | $64.69M |
One of the best ways to find valuable stocks to invest in is to build a custom made screener in your Excel or Google Sheets spreadsheet. This allows you to compare thousands of companies like Southern Michigan Bancorp, Inc. using the financials and key metrics that matter to you in a single view.
The easiest way to set this up is to use the Wisesheets add-on and set your spreadsheet like this:
Covering all these metrics from financial, data, dividend data, key metrics and more you can get all the data you want for over 50+ exchanges worldwide.
Get your free trial here.
The easiest way to analyze a company like Southern Michigan Bancorp, Inc. or any others is to create a spreadsheet model that automatically retrieves all of the stock data you need.
Using Wisesheets you can set up a spreadsheet model like this with simple spreadsheet formulas. If you change the ticker you can get all of the data automatically updated for you.
Whether you need live data, historical price data, financials, dividend data, key metrics, analyst estimates, or anything else...Wisesheets has you covered.
What is the Current Ratio?
How can you use the Current Ratio?
What is Southern Michigan Bancorp, Inc.'s Current Ratio?
How is the Current Ratio calculated for Southern Michigan Bancorp, Inc. (SOMC)?
What is the highest Current Ratio for Southern Michigan Bancorp, Inc. (SOMC)?
What is the 3-year average Current Ratio for Southern Michigan Bancorp, Inc. (SOMC)?
What is the 5-year average Current Ratio for Southern Michigan Bancorp, Inc. (SOMC)?
How does the current Current Ratio for Southern Michigan Bancorp, Inc. (SOMC) compare to its historical average?