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Southern Michigan Bancorp Inc (SOMC) Annual Income Statement

Annual · GAAP · USD millions
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Observing income statement movements over recent quarters helps explain how Southern Michigan Bancorp Inc adapts pricing, costs, and operating efficiency.
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Annual Report, GAAP in USD millions
ITEM 		(Dec 31 2012)
2012 		(Dec 31 2009)
Revenues
Interest and Fee Income, Loans and Leases18.48
Interest and Dividend Income, Securities, Operating1.41
Other Interest and Dividend Income0.10
Total Interest Income19.99
Interest Expense, Deposits2.33
Interest Expense, Other0.49
Net Interest (-)Expense / Income-2.82
Net Interest Income17.17
Provision for loan losses1.35
Total Net Interest Income15.82
Fees and Commissions, Fiduciary and Trust Activities1.13
Other Non-interest Income1.10
Loss / Gain on Investment0.00
Other Non-Interest Income1.32
Total Non-interest Income7.18
Total Revenues23.01
Costs & Expenses
Salaries & employee benefits, SGA10.03
Depreciation & Amortization0.33
Communications, Occupancy and Information Technology1.27
Professional Fees1.19
Supplies and Postage Expense0.45
Federal Deposit Insurance Corporation Premium Expense0.39
Other Noninterest Expense1.41
Other loss /-income1.74
Total Operating Expenses17.23
Total Costs & Expenses20.04
Income & Taxes
Income /-loss before income taxes5.78
Income taxes expenses/-benefit1.43
Income after income taxes4.35
Net income/-loss of other equity0.00
Income /-loss after income taxes4.35
Net Income/-loss4.35
Income/-loss to shareholder4.35
Earnings Per Share
Basic EPS (excl. extra items)1.84
Basic Net EPS1.84
Basic shares outstanding (Mill. of Units)2.36
Diluted Net EPS1.84
Diluted average shares (Mill. of Units)2.37
Dividend per share0.32
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About SOMC Annual Income Statement

What this statement shows

This page presents issuer-reported income statement data, detailing revenue, operating costs, expenses, and earnings as disclosed in SEC 10-K filings and standardized by CSIMarket. The income statement reflects operating performance over a reporting period rather than financial position at a single date.

Revenue and expense treatment

Revenue and expense items are aligned to support period-to-period comparability. Operating and non-operating items, interest, and income taxes are classified based on issuer disclosures and XBRL tagging.

Source & verification

  • Source: SEC 10-K filings
  • Filed with the SEC: n/a

Income statement figures represent operating results for each reporting period and may be revised in subsequent filings.