Southern Michigan Bancorp
Balance Sheet
Last updated:
The balance sheet is a financial statement presenting the value of assets, liabilities and equity of a company. How has Southern Michigan Bancorp's balance sheet done over the years? Its assets were worth $1,416,990,000 last year, which is more than in the previous period. 93% of Southern Michigan Bancorp’s total assets is currently financed by debt. Its liabilities reached the amount of $1,319,160,000, which means an increase by 11% compared compared to last year.
Debt to Assets
| 2014 | 543345000 | 15.15M | 2.79% |
|---|---|---|---|
| 2015 | 582771000 | 15.15M | 2.6% |
| 2016 | 641532000 | 15.35M | 2.39% |
| 2017 | 712345000 | 44.65M | 6.27% |
| 2018 | 738831000 | 33.65M | 4.56% |
| 2019 | 811453000 | 728.10M | 89.73% |
| 2020 | 1000348000 | 907.37M | 90.71% |
| 2021 | 1163006000 | 1.06B | 91.6% |
| 2022 | 1278399000 | 1.19B | 93.26% |
| 2023 | 1416990000 | 1.31B | 93.1% |
SOMC Balance Sheet (2014 – 2023)
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
Assets | ||||||||||
Current assets: | ||||||||||
Cash and cash equivalents | 73.08M | 75.69M | 117.85M | 98.03M | 67.86M | 54.74M | 17.42M | 16.32M | 13.48M | 15.37M |
Short term investments | 0 | 0 | 0 | 0 | 0 | 101.43M | 105.18M | 109.96M | 97.15M | 72.88M |
Net receivables | 0 | 0 | 0 | 0 | 0 | 3.29M | 0 | 2.87M | 2.51M | 2.37M |
Inventory | 0 | 0 | 0 | 0 | 0 | 0 | -39.20M | 0 | 0 | 0 |
Other current assets | 0 | 83.04M | 123.85M | 104.59M | 72.45M | 0 | 0 | 0 | 0 | 0 |
Total current assets | 73.08M | 83.04M | 123.85M | 104.59M | 72.45M | 159.47M | 125.81M | 129.15M | 113.15M | 90.63M |
Non-current assets: | ||||||||||
Property, Plant and Equipment | 26.13M | 19.85M | 15.76M | 16.43M | 17.34M | 14.29M | 14.26M | 12.79M | 12.68M | 11.89M |
Goodwill | 13.42M | 13.42M | 13.42M | 13.42M | 13.42M | 13.42M | 13.42M | 13.42M | 13.42M | 13.42M |
Intangible assets | 147K | 1.55M | 1.75M | 1.63M | 1.49M | 327K | 1.36M | 229K | 489K | 761K |
Long term investments | 4.78M | 3.79M | 4.82M | 6.14M | 4.98M | 101.43M | 105.18M | 109.96M | 97.15M | 72.88M |
Other non-current assets | 1.28B | 1.14B | 998.54M | 853.63M | 698.43M | -129.48M | -2.64M | -136.41M | -4.02M | -98.96M |
Total non-current assets | 1.34B | 1.19B | 1.03B | 895.75M | 739.00M | 129.48M | 132.87M | 136.41M | 123.74M | 98.96M |
Total assets | 1.41B | 1.27B | 1.16B | 1.00B | 811.45M | 738.83M | 712.34M | 641.53M | 582.77M | 543.34M |
Liabilities | ||||||||||
| Current liabilities: | ||||||||||
Accounts payable | ||||||||||
Deferred revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Short term debt | 0 | 31.47M | 20.79M | 21.27M | 26.40M | 0 | 24.95M | 0 | 15.94M | 0 |
Total current liabilities | 558.12M | 549.63M | 782.93M | 645.35M | 253.63M | 0 | 440.52M | 0 | 186.21M | 3.13M |
| Non-current liabilities: | ||||||||||
Long term debt | 82.55M | 54.58M | 54.51M | 30.65M | 31.65M | 33.65M | 44.65M | 15.35M | 15.15M | 15.15M |
Deferred tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Other non-current liabilities | 678.48M | 10.05M | 11.13M | 11.75M | 12.55M | -33.65M | -44.65M | -15.35M | -15.15M | -15.15M |
Total non-current liabilities | 761.03M | 642.59M | 282.32M | 262.01M | 474.47M | 33.65M | 44.65M | 15.35M | 15.15M | 15.15M |
Total liabilities | 1.31B | 1.19B | 1.06B | 907.37M | 728.10M | 33.65M | 44.65M | 15.35M | 15.15M | 15.15M |