Southern Michigan Bancorp (Southern Michigan Bancorp) Gross-Profit-to-Asset % : 4.07% (As of Dec. 2018)

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What is Southern Michigan Bancorp Gross-Profit-to-Asset %?

Gross-Profit-to-Asset % is calculated as Gross Profit divided by its average Total Assets over a certain period of time. Southern Michigan Bancorp's annualized Gross Profit for the quarter that ended in Dec. 2018 was $30.68 Mil. Southern Michigan Bancorp's average Total Assets over the quarter that ended in Dec. 2018 was $752.92 Mil. Therefore, Southern Michigan Bancorp's annualized Gross-Profit-to-Asset % for the quarter that ended in Dec. 2018 was 4.07%.

Southern Michigan Bancorp Gross-Profit-to-Asset % Historical Data

The historical data trend for Southern Michigan Bancorp's Gross-Profit-to-Asset % 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 Gross-Profit-to-Asset % Chart

Southern Michigan Bancorp Annual Data

Trend

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Gross-Profit-to-Asset %

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4.56

4.63

4.31

4.21

4.30

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
Gross-Profit-to-Asset %	Get a 7-Day Free Trial															3.98	4.21	4.36	4.32	4.07

Competitive Comparison of Southern Michigan Bancorp's Gross-Profit-to-Asset %

For the Banks - Regional subindustry, Southern Michigan Bancorp's Gross-Profit-to-Asset %, along with its competitors' market caps and Gross-Profit-to-Asset % 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 Gross-Profit-to-Asset % Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Southern Michigan Bancorp's Gross-Profit-to-Asset % distribution charts can be found below:

* The bar in red indicates where Southern Michigan Bancorp's Gross-Profit-to-Asset % falls into.

Southern Michigan Bancorp Gross-Profit-to-Asset % Calculation

Southern Michigan Bancorp's annualized Gross-Profit-to-Asset % for the fiscal year that ended in Dec. 2018 is calculated as:

Gross-Profit-to-Asset %	=	Gross Profit (A: Dec. 2018 )	/	( (Total Assets (A: Dec. 2017 )	+	Total Assets (A: Dec. 2018 ))	/ count )
	=	31.217	/	( (712.345	+	738.831)	/ 2 )
	=	31.217	/	725.588
	=	4.30 %

Southern Michigan Bancorp's annualized Gross-Profit-to-Asset % for the quarter that ended in Dec. 2018 is calculated as:

Gross-Profit-to-Asset %	=	Gross Profit (Q: Dec. 2018 )	/	( (Total Assets (Q: Sep. 2018 )	+	Total Assets (Q: Dec. 2018 ))	/ count )
	=	30.676	/	( (767	+	738.831)	/ 2 )
	=	30.676	/	752.9155
	=	4.07 %

In the calculation of annual Gross-Profit-to-Asset %, the Gross Profit of the last fiscal year and the average total assets over the fiscal year are used. In calculating the quarterly data, the Gross Profit data used here is four times the quarterly (Dec. 2018) data. Gross-Profit-to-Asset % is displayed in the 30-year financial page.

Southern Michigan Bancorp Gross-Profit-to-Asset % 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 » Gross-Profit-to-Asset %

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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