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Southern Michigan Bancorp (Southern Michigan Bancorp) Commercial Business Loans (USD Mil) : 0.00 (As of . 20)


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What is Southern Michigan Bancorp Commercial Business Loans (USD Mil)?

Commercial Business Loans (USD Mil) is the amount of loans banks made to business entities. It’s a debt-based funding arrangement between a business and a bank, which is typically used to fund operating costs and capital expenditures.

Southern Michigan Bancorp's Commercial Business Loans (USD Mil) for the annual that ended in Dec. 2023 was 793.25 , which is higher than 672.29 for the pervious year ended in Dec. 2022.

The historical rank and industry rank for Southern Michigan Bancorp's Commercial Business Loans (USD Mil) or its related term are showing as below:


Southern Michigan Bancorp Commercial Business Loans (USD Mil) Historical Data

The historical data trend for Southern Michigan Bancorp's Commercial Business Loans (USD Mil) 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 Commercial Business Loans (USD Mil) Chart

Southern Michigan Bancorp Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Commercial Business Loans (USD Mil)
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Average Interest Earning Assets (USD Mil)
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Residential Mortgage Loans (USD Mil)
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Southern Michigan Bancorp  (OTCPK:SOMC) Commercial Business Loans (USD Mil) Explanation

Commercial Business Loans (USD Mil) is a debt-based funding arrangement between a business and a bank, which is typically used to fund operating costs and capital expenditures. Companies usually have to provide financial statements to prove their ability to repay. Many commercial loans require collateral, such as property or equipment or sometimes account receivables.


Southern Michigan Bancorp Commercial Business Loans (USD Mil) Related Terms

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Southern Michigan Bancorp (Southern Michigan Bancorp) Business Description

Traded in Other Exchanges
N/A
Address
51 West Pearl Street, Coldwater, MI, USA, 49036
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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