Southern Michigan Bancorp (Southern Michigan Bancorp) Credit Losses Provision : $0.25 Mil (As of Dec. 2018)

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What is Southern Michigan Bancorp Credit Losses Provision?

Southern Michigan Bancorp's credit losses provision for the three months ended in Dec. 2018 was $0.25 Mil. Its credit losses provision for the trailing twelve months (TTM) ended in Dec. 2018 was $0.25 Mil.

Southern Michigan Bancorp's quarterly credit losses provision stayed the same from Jun. 2018 ($0.00 Mil) to Sep. 2018 ($0.00 Mil) but then increased from Sep. 2018 ($0.00 Mil) to Dec. 2018 ($0.25 Mil).

Southern Michigan Bancorp's annual credit losses provision increased from Dec. 2016 ($0.10 Mil) to Dec. 2017 ($0.18 Mil) and increased from Dec. 2017 ($0.18 Mil) to Dec. 2018 ($0.25 Mil).

Southern Michigan Bancorp Credit Losses Provision Historical Data

The historical data trend for Southern Michigan Bancorp's Credit Losses Provision can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Southern Michigan Bancorp Credit Losses Provision Chart

Southern Michigan Bancorp Annual Data

Trend

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Credit Losses Provision

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0.40

0.25

0.10

0.18

0.25

Southern Michigan Bancorp Quarterly Data
	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18
Credit Losses Provision	Get a 7-Day Free Trial															-	-	-	-	0.25

Southern Michigan Bancorp Credit Losses Provision Calculation

For each period of operations, banks may reserve a portion of their income to cover the possible non-performing loans. The amount of the Credit Losses Provision is dependent on the management's estimate of the load quality they have. The higher Credit Losses Provision is, the lower banks' reported income in. This does not affect banks' cash flow statement.

Credit Losses Provision for the trailing twelve months (TTM) ended in Dec. 2018 adds up the quarterly data reported by the company within the most recent 12 months, which was $0.25 Mil.

Southern Michigan Bancorp (Southern Michigan Bancorp) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Southern Michigan Bancorp Inc (OTCPK:SOMC) » Definitions » Credit Losses Provision

Comparable Companies

Traded in Other Exchanges

N/A

Address

51 West Pearl Street, Coldwater, MI, USA, 49036

Website

https://www.smb-t.com

Southern Michigan Bancorp Inc is a United States-based financial holding company. It is engaged in the business activity of the ownership and management of its wholly-owned subsidiary bank. The Bank offers individuals, businesses, institutions, and government agencies a full range of commercial banking services. The customer base is located primarily in the southwest Michigan communities in which the Bank has branches, and in areas immediately surrounding these communities. The Bank makes commercial and consumer loans to customers. The majority of loans are secured by business assets, commercial and residential real estate, and consumer assets. The bank operates in a single segment: commercial banking.

Southern Michigan Bancorp (Southern Michigan Bancorp) Headlines

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