Southern Michigan Bancorp (Southern Michigan Bancorp) Net Interest Margin (Bank Only) % : 4.12% (As of Dec. 2018)

Southern Michigan Bancorp Net Interest Margin (Bank Only) % Chart

Southern Michigan Bancorp Annual Data
	Trend	Dec09	Dec10	Dec11	Dec12	Dec13	Dec14	Dec15	Dec16	Dec17	Dec18
Net Interest Margin (Bank Only) %		Get a 7-Day Free Trial					4.00	3.91	3.69	3.71	3.98

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
Net Interest Margin (Bank Only) %	Get a 7-Day Free Trial															3.82	3.80	3.94	4.01	4.12

Competitive Comparison of Southern Michigan Bancorp's Net Interest Margin (Bank Only) %

For the Banks - Regional subindustry, Southern Michigan Bancorp's Net Interest Margin (Bank Only) %, along with its competitors' market caps and Net Interest Margin (Bank Only) % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Southern Michigan Bancorp's Net Interest Margin (Bank Only) % Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Southern Michigan Bancorp's Net Interest Margin (Bank Only) % distribution charts can be found below:

* The bar in red indicates where Southern Michigan Bancorp's Net Interest Margin (Bank Only) % falls into.

Southern Michigan Bancorp Net Interest Margin (Bank Only) % Calculation

Net Interest Margin (Bank Only) % (NIM) is a measure of the difference between the interest income generated by banks or other financial institutions and the amount of interest paid out to their lenders (for example, deposits), relative to the amount of their interest-earning assets. It is usually calculated as a percentage of what the financial institution earns on loans in a time period and other assets minus the interest paid on borrowed funds divided by the average amount of the assets on which it earned income in that time period (the average earning assets).

Southern Michigan Bancorp's annualized Net Interest Margin (Bank Only) % for the fiscal year that ended in Dec. 2018 is calculated as

where

Southern Michigan Bancorp's annualized Net Interest Margin (Bank Only) % for the quarter that ended in Dec. 2018 is calculated as

where

* 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.

Note: Interest Expense is the negative value.

In the calculation of annual Net Interest Margin (Bank Only) %, the Net Interest Income (for Banks) of the last fiscal year and the average earning assets over the fiscal year are used. In calculating the quarterly data, the Net Interest Income (for Banks) data used here is four times the quarterly (Dec. 2018) net interest income data. Net Interest Margin (Bank Only) % is displayed in the 30-year financial page for Banks.

Southern Michigan Bancorp  (OTCPK:SOMC) Net Interest Margin (Bank Only) % Explanation

The negative value of Net Interest Margin (Bank Only) % mean the firm pays more interest for its debt than the interest revenue generated from its investment.

Southern Michigan Bancorp Net Interest Margin (Bank Only) % Related Terms

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Southern Michigan Bancorp (Southern Michigan Bancorp) Business Description