Vitals
  • Total Assets
    639.5M 9.9 %
  • Total Deposits
    536.7M 12.2 %
  • Total Net Loans
    445.1M 6.7 %
  • Net Income
    6.1M 0.5 %
  • Book Value
    72.5M 2.3 %
  • Book Value x2
    145.0M 2.3 %
  • Book Value x3
    217.5M 2.3 %
ROAA

1

ROAE

8.419

Efficiency Ratio

67.531

Net Interest Margin

3.806

Balance Sheet Highlights
Financial Highlights Southern Michigan Bank & Trust All Insured Commercial Banks in Michigan
Balance Sheet $(000)
Total Assets 639,528 330,697
Total Net Loans 445,057 227,599
Total Deposits 536,668 278,247
Total Equity 72,515 33,935
Profitability
Net Income 6,097 3,589
Return on Average Assets 1 .954
Return on Average Equity 8.419 8.772
Net Interest Margin 3.806 3.821
Efficiency Ratio 67.531 71.925
Noninterest Income/Revenue 22.989 24.061
Balance Sheet Ratios
Loan-to-Deposit 82.93 76.845
Securities/Assets .172 .16
Total Equity/Total Assets .113 .103
Tangible Equity/Tangible Assets .09 .098
Capital Adequacy
Tier 1 Common Capital 60,006 32,553
Tier 1 Capital 60,006 32,664
Tier 2 Capital 4,841 2,479
Total Capital 64,847 35,133
Total Risk Weighted Assets 529,234 242,208
Leverage Ratio 9.71 10.341
Common Equity Tier 1 Capital Ratio 11.34 15.339
Tier 1 Capital Ratio 11.34 15.393
Total Capital Ratio 12.25 16.423

Timeline for Southern Michigan Bank & Trust

Fnb Financial

Acquisition: Southern Michigan Bank & Trust acquired a new subsidiary, Fnb Financial, 15 years

View Profile Apr 25 2009

Smb Financial Services, Inc.

Smb Financial Services, Inc. became a new subsidiary organization for Southern Michigan Bank & Trust.

View Profile Apr 25 2009

Smb Mortgage Company

Smb Mortgage Company became a new subsidiary organization for Southern Michigan Bank & Trust.

View Profile Aug 28 2000

Southern Michigan Bancorp, Inc.

Southern Michigan Bancorp, Inc. became a new parent organization for Southern Michigan Bank & Trust.

View Profile Nov 08 1982

First State Bank

Acquisition: Southern Michigan Bank & Trust acquired a new subsidiary, First State Bank , 55 years

View Profile Apr 01 1969

Want to see more?

Complete timeline for Southern Michigan Bank & Trust is available.

View Complete Timeline
Acquisitions & Mergers Role Assets Acct Method Type Transaction Date
Fnb Financial Seller 151,619 Pooling of Interests Discontinued 4/25/2009
First State Bank Seller Discontinued 4/1/1969
Union City National Bank Seller Discontinued 9/1/1965
Relationships Role Relationship Start Relationship End
Southern Michigan Bancorp, Inc. Parent 11/8/1982
Smb Financial Services, Inc. Subsidary 4/25/2009
Smb Mortgage Company Subsidary 6/30/2007 11/20/2009
Smb Mortgage Company Subsidary 8/28/2000 6/29/2007
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