Southern Michigan Bancorp (Southern Michigan Bancorp) Capital Adequacy Tier - Tier 1 Ratio % : 0.00% (As of . 20)

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What is Southern Michigan Bancorp Capital Adequacy Tier - Tier 1 Ratio %?

Capital Adequacy Tier - Tier 1 Ratio % is the ratio of a bank’s core tier 1 capital, which includes its equity capital and disclosed reserves, to its total risk-weighted assets. It is a key measure of a bank's financial strength and should not fall lower than 6% as per Basel III rules.

Southern Michigan Bancorp's Capital Adequacy Tier - Tier 1 Ratio % for the annual that ended in Dec. 2023 was 9.50% , which is the same as 9.50% for the pervious year ended in Dec. 2022.

The historical rank and industry rank for Southern Michigan Bancorp's Capital Adequacy Tier - Tier 1 Ratio % or its related term are showing as below:

SOMC's Capital Adequacy Tier - Tier 1 Ratio % is not ranked ^*
in the Banks industry.
Industry Median:
* Ranked among companies with meaningful Capital Adequacy Tier - Tier 1 Ratio % only.

Southern Michigan Bancorp Capital Adequacy Tier - Tier 1 Ratio % Historical Data

The historical data trend for Southern Michigan Bancorp's Capital Adequacy Tier - Tier 1 Ratio % 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 Capital Adequacy Tier - Tier 1 Ratio % Chart

Southern Michigan Bancorp Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Capital Adequacy Tier - Tier 1 Ratio %

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Capital Adequacy Tier - Leverage Ratio %

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Capital Adequacy Tier - Total Capital Ratio %

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Net Charge Offs to Average Loans %

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Southern Michigan Bancorp (OTCPK:SOMC) Capital Adequacy Tier - Tier 1 Ratio % Calculation

Capital Adequacy Tier - Tier 1 Ratio % is calculated as

Capital Adequacy Tier - Tier 1 Ratio %

Tier 1 Capital

Total Risk Weighted Assets

Southern Michigan Bancorp (OTCPK:SOMC) Capital Adequacy Tier - Tier 1 Ratio % Explanation

Tier 1 capital, or core capital, consists of a bank's common stock, retained earnings, accumulated other comprehensive income, noncumulative perpetual preferred stock and any regulatory adjustments to those accounts. The tier 1 capital ratio is the ratio of a bank’s core capital vs. its total risk-weighted assets (RWAs). The risk-weighted assets are calculated by multiplying the assets that the company holds by their corresponding weights for credit risk (the weight is usually developed by the central bank).

The tier 1 capital ratio is the basis for the Basel III international capital and liquidity standards. The standard is used to force banks to increase capital buffers and ensure they can withstand financial distress before they become insolvent. Basel III rules stipulate that the Tier 1 capital ratio has to be at least 6% and the equity component of Tier 1 capital has to have at least 4.5% of RWAs. A higher Tier 1 ratio suggests that the company has more capital to pay down deposits and is less likely to become insolvent.

Southern Michigan Bancorp Capital Adequacy Tier - Tier 1 Ratio % Related Terms

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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 » Capital Adequacy Tier - Tier 1 Ratio %

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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