Southern Michigan Bancorp (Southern Michigan Bancorp) Scaled Net Operating Assets : -0.06 (As of Dec. 2018)

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What is Southern Michigan Bancorp Scaled Net Operating Assets?

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Southern Michigan Bancorp's operating assets for the quarter that ended in Dec. 2018 was $582.65 Mil. Southern Michigan Bancorp's operating liabilities for the quarter that ended in Dec. 2018 was $629.65 Mil. Southern Michigan Bancorp's Total Assets for the quarter that ended in Sep. 2018 was $767.00 Mil. Therefore, Southern Michigan Bancorp's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2018 was -0.06.

Southern Michigan Bancorp Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Southern Michigan Bancorp's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2018 is calculated as

	Scaled Net Operating Assets (SNOA)		(A: Dec. 2018 )
=	(Operating Assets (A: Dec. 2018 )	-	Operating Liabilities (A: Dec. 2018 ))	/	Total Assets (A: Dec. 2017 )
=	(684.09	-	629.649)	/	712.345
=	0.08

where

	Operating Assets		(A: Dec. 2018 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	738.831	-	54.741
=	684.09

	Operating Liabilities		(A: Dec. 2018 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	663.304	-	33.655	-	0
=	629.649

Southern Michigan Bancorp's Scaled Net Operating Assets (SNOA) for the quarter that ended in Dec. 2018 is calculated as

	Scaled Net Operating Assets (SNOA)		(Q: Dec. 2018 )
=	(Operating Assets (Q: Dec. 2018 )	-	Operating Liabilities (Q: Dec. 2018 ))	/	Total Assets (Q: Sep. 2018 )
=	(582.651	-	629.649)	/	767
=	-0.06

where

	Operating Assets		(Q: Dec. 2018 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	738.831	-	156.18
=	582.651

	Operating Liabilities		(Q: Dec. 2018 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	663.304	-	33.655	-	0
=	629.649

* 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 (Southern Michigan Bancorp) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Southern Michigan Bancorp Inc (OTCPK:SOMC) » Definitions » Scaled Net Operating Assets

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.