29.70
0.00%
Close of 9 Nov 2026, in USD
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About Southern Michigan Bancorp
Its shares trade under the ticker SOMC. It has been listed since 28 March 1994. In the fiscal year to 31 December 2025, it reported revenue before interest expense of $93.2m and net income of $12.2m. At that date it held total assets of $1.69bn and shareholders' equity of $121.5m.
Southern Michigan Bancorp, Inc. operates as a bank holding company. The company is headquartered in Coldwater, Michigan. The Bank operates over 10 branches within Branch, Calhoun, Hillsdale, Kalamazoo and St. Joseph Counties. The Bank provides a range of consumer, business and wealth management services. The company offers a range of personal banking services, including checking, savings, certificate of deposits (CDs)/individual retirement accounts (IRAs), investments and trust, loans and online services. The company also offers checking, savings, investments and trust, loans, online services and business solutions. Its Trust services include investment management, trust and estate services, and individual retirement plans. Its brokerage services include investments, retirement plans, insurance, annuities and college education plans.
Figures and description from our data supplier, not checked against the company's own report.
Company facts
- Sector
- Financials
- Industry
- Banks
- Listed since
- 28 Mar 1994
- Employees
- 173
- Website
- smb-t.com ↗
Leadership
Pay as last reported
- Mr. John WaldronPresident, Chief Executive Officer
- Danice ChartrandChief Financial Officer, Senior Vice President, Treasurer, Secretary$196,757
- Ms. Melissa BauerDirector
- Charles ClarkDirector
- Mr. Patrick FlanneryDirector
- Ms. Stacey HamlinDirector
- Mr. Travis HamptonDirector
- Mr. Andrew MercerDirector
- Dean CalhounIndependent Director
- John CartonIndependent Director
- H. Kenneth ColeIndependent Director
- Gary HaberlIndependent Director
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 0
- Environment
- 0
- Social
- 0
- Governance
- 0
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- Southern Michigan Bancorp Inc has consistently shown strong financial performance, reflecting its ability to generate stable revenue and profit, which enhances its credibility and attracts investors.
- The company has built a large and loyal customer base over the years through effective marketing strategies and delivering exceptional customer service. This provides a strong foundation for continued growth and customer retention.
Weaknesses
- Southern Michigan Bancorp Inc operates primarily in the southern region of Michigan, limiting its market reach and potential for expansion. This geographical concentration exposes the company to regional economic fluctuations and potential risks.
- The company heavily relies on traditional banking services, such as loans and deposits, and may face challenges in adapting to the evolving digital banking landscape. This could result in a loss of market share to more innovative competitors.
Opportunities
- The increasing adoption of digital banking platforms presents an opportunity for Southern Michigan Bancorp Inc to invest in technology and expand its online banking services. This can attract tech-savvy customers and enhance convenience for existing customers.
- The company can explore potential mergers and acquisitions to expand its geographic presence, diversify its product offerings, and gain a competitive advantage in the market. Strategic partnerships can unlock new business opportunities and drive growth.
Threats
- Southern Michigan Bancorp Inc faces intense competition from both traditional banks and new fintech entrants, which can erode its market share and profitability. Staying ahead of competitors requires constant innovation and differentiation.
- The banking industry is subject to strict regulations and compliance requirements. Failure to comply with these regulations can lead to fines, reputational damage, and potential legal issues. The company must stay updated and implement robust risk management practices.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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