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


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

Capital Adequacy Tier - Total Capital Ratio % is the ratio of a bank’s total capital, which includes both Tier 1 capital and Tier 2 capital, to its total risk-weighted assets. It is used to protect depositors and promote the stability and efficiency of financial systems around the world.

Southern Michigan Bancorp's Capital Adequacy Tier - Total Capital Ratio % for the annual that ended in Dec. 2023 was 13.30% , which is the same as 13.30% for the pervious year ended in Dec. 2022.

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

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

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

The historical data trend for Southern Michigan Bancorp's Capital Adequacy Tier - Total Capital 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.

* Premium members only.

Southern Michigan Bancorp Capital Adequacy Tier - Total Capital Ratio % Chart

Southern Michigan Bancorp Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Capital Adequacy Tier - Total Capital Ratio %
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Capital Adequacy Tier - Tier 1 Ratio %
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Capital Adequacy Tier - Leverage Ratio %
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Net Charge Offs to Average Loans %
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Southern Michigan Bancorp  (OTCPK:SOMC) Capital Adequacy Tier - Total Capital Ratio % Calculation

Capital Adequacy Tier - Total Capital Ratio % is calculated as

Capital Adequacy Tier - Total Capital Ratio %=Total Capital / Total Risk Weighted Assets

* 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.

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

A bank’s total capital includes Tier 1 capital and Tier 2 capital. Tier 1 capital, or core capital, consists of common stock, retained earnings, accumulated other comprehensive income, noncumulative perpetual preferred stock and any regulatory adjustments to those accounts. Tier 1 capital is the capital that is permanently and easily available to cushion losses suffered by a bank without it being required to stop operating.

Tier 2 capital consists of unaudited retained earnings, unaudited reserves and general loss reserves. It is used to absorb losses if a bank loses all its Tier 1 capital, so it provides a lesser degree of protection to depositors and creditors.

Capital Adequacy Tier - Total Capital Ratio % measures the ratio of a bank’s total capital to its total risk-weighted assets. The minimum requirement for the total capital ratio is 10.5% under Basel III standards. This requirement is critical because it makes sure that banks have enough cushion to absorb a reasonable amount of losses before they become insolvent.

Southern Michigan Bancorp Capital Adequacy Tier - Total Capital 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 - Total Capital Ratio %
Comparable Companies
UBNC EMCF OSL:TOTG OCSE:FYNBK ISX:PNBS AMRB CAI:CANA.CA CMTV XKRX:007330 BVBC WEBK OCSE:SKJE CAI:SAIB.CA CFBI MIL:BIM TSE:8416 TSE:8349 NWYF COL:UBC.N0000 HARL
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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