Regardless of the sequential decrease in Current Liabilities, during the fourth quarter 2012, Quick Ratio deteriorated to 7.12 a new company low.

Within Regional Banks industry 125 other companies have achieved higher Quick Ratio than Southern Michigan Bancorp Inc in fourth quarter 2012. While Quick Ratio total ranking in the fourth quarter 2012 has deteriorated compared to the prior quarter from 675 to 703.

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SOMC Quick Ratio	(Dec 31 2012) Q4	(Sep 30 2012) Q3	(Jun 30 2012) Q2	(Mar 31 2012) Q1	(Dec 31 2011) Q4
Y / Y Current Liabilities Change	-10.73 %	1.02 %	-6.31 %	-0.63 %	-
Y / Y Cash & cash equivalent Change	-13.33 %	-24.31 %	-16.64 %	3.46 %	434.09 %
Quick Ratio MRQ	7.12	7.33	7.8	9.57	7.33
SOMC's Total Ranking	# 703	# 675	# 677	# 588	# 765
Seq. Current Liabilities Change	-1.21 %	14.89 %	-4.81 %	-17.38 %	11.8 %
Seq. Cash & cash equivalent Change	-4.03 %	7.99 %	-22.41 %	7.78 %	-16.18 %

Quick Ratio fourth quarter 2012 Company Ranking
Within:	No.
Regional Banks Industry	# 126
Financial Sector	# 334
Overall Market	# 562

Quick Ratio Statistics
High	Average	Low
9.78	8.36	7.12
(Sep 30 2011)		(Dec 31 2012)

Financial Statements
Southern Michigan Bancorp Inc's Current Liabilities	$ 16 Millions	Visit SOMC's Balance sheet
Southern Michigan Bancorp Inc's Cash & cash equivalent	$ 115 Millions	Visit SOMC's Balance sheet
Source of SOMC's Sales		Visit SOMC's Sales by Geography

Cumulative Southern Michigan Bancorp Inc's Quick Ratio

SOMC's Quick Ratio for the trailling 12 Months

SOMC Quick Ratio	(Dec 31 2012) 12 Months	(Sep 30 2012) 12 Months	(Jun 30 2012) 12 Months	(Mar 31 2012) 12 Months	(Dec 31 2011) 12 Months
Y / Y Current Liabilities TTM Growth	-4.39 %	37.07 %	109.9 %	328.18 %	-
Y / Y Cash & cash equivalent TTM Growth	-13.08 %	11.44 %	68.09 %	196.77 %	963.68 %
Quick Ratio TTM	7.92	7.96	8.59	8.8	8.72
Total Ranking TTM	# 742	# 0	# 0	# 0	#
Seq. Current Liabilities TTM Growth	-3.05 %	0.26 %	-1.49 %	-0.15 %	38.98 %
Seq. Cash & cash equivalent TTM Growth	-3.49 %	-7.06 %	-3.91 %	0.85 %	23.73 %

Quick ratio ranking by company, industry and sector >> Back to SOMC Financial Strength Comparisons >> Go to Compare SOMC Quick Ratio to its Competitors

On the trailing twelve months basis In spite of the year on year decrease in SOMC's Current Liabilities to $16.13 millions, cumulative Quick Ratio to 7.92 above the company average Quick Ratio.
Quick Ratio is the average cumulative value over the last four quarters.

Among companies operating within Regional Banks industry 31 other companies have achieved higher Quick Ratio than Southern Michigan Bancorp Inc. While Quick Ratio total ranking has deteriorated compared to the previous twelve months ending in the third quarter 2012 from 0 to 742.

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How much Cash & cash equivalents SOMC�s has?
What are SOMC�s Current Liabilities?

TTM Quick Ratio Company Ranking
Within:	No.
Within the Regional Banks Industry	# 32
Financial Sector	# 136
Within the Market	# 742

trailing twelve months Quick Ratio Statistics
High	Average	Low
0.27	0.27	0.27
(Dec 31 2012)

Companies with similar Quick Ratio in the quarter ending Dec 31 2012, within Regional Banks Industry	Quick Ratio	Dec 31 2012 MRQ Cash & cash equivalent	Dec 31 2012 MRQ Current Liabilities
Bsb Bancorp, Inc.	19.52	$ 75.333 Millions	$ 3.859 Millions
Bank Of Commerce Holdings	18.51	$ 242.422 Millions	$ 13.095 Millions
West Coast Bancorp	18.19	$ 909.720 Millions	$ 50.000 Millions
Middleburg Financial Corp	18.05	$ 373.872 Millions	$ 20.717 Millions
C and F Financial Corporation	17.89	$ 178.437 Millions	$ 9.976 Millions
Bnc Bancorp	17.78	$ 575.610 Millions	$ 32.382 Millions
Customers Bancorp Inc	17.56	$ 315.109 Millions	$ 17.941 Millions
Capital City Bank Group Inc	17.01	$ 806.717 Millions	$ 47.435 Millions
First Federal Of Northern Michigan Bancorp, Inc.	16.81	$ 53.516 Millions	$ 3.183 Millions
Security Federal Corp	16.60	$ 366.838 Millions	$ 22.100 Millions
Pacific Premier Bancorp Inc	16.49	$ 143.418 Millions	$ 8.697 Millions
Peoples Bancorp Inc	16.15	$ 771.627 Millions	$ 47.769 Millions
Heritage Financial Corp	15.69	$ 251.379 Millions	$ 16.021 Millions
Western Alliance Bancorporation	14.54	$ 1,149.276 Millions	$ 79.034 Millions
Monarch Financial Holdings, Inc.	14.48	$ 72.408 Millions	$ 5.000 Millions
Home Bancshares Inc	14.46	$ 958.078 Millions	$ 66.278 Millions
Hampden Bancorp, Inc.	13.67	$ 180.268 Millions	$ 13.188 Millions
First Farmers & Merchants Corp	13.64	$ 447.869 Millions	$ 32.823 Millions
Village Bank and Trust Financial Corp	13.58	$ 78.285 Millions	$ 5.763 Millions
Ohio Valley Banc Corp	13.32	$ 140.616 Millions	$ 10.554 Millions
Premier Financial Bancorp Inc	13.32	$ 354.220 Millions	$ 26.591 Millions
Northeast Community Bancorp inc	13.31	$ 49.770 Millions	$ 3.739 Millions
First Bancorp	12.84	$ 408.859 Millions	$ 31.841 Millions
First Community Corporation	12.82	$ 203.857 Millions	$ 15.900 Millions
Qnb Corp	12.64	$ 416.955 Millions	$ 32.975 Millions
Ameris Bancorp	12.39	$ 620.842 Millions	$ 50.120 Millions
Bay Banks Of Virginia Inc	11.87	$ 76.673 Millions	$ 6.460 Millions
Yadkin Financial Corp	11.80	$ 481.516 Millions	$ 40.821 Millions
Sierra Bancorp	11.61	$ 442.006 Millions	$ 38.069 Millions
Southcoast Financial Corp	11.23	$ 66.833 Millions	$ 5.949 Millions

Date modified: 2026-09-08T15:07:21+00:00

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