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Southern Michigan Bancorp (Southern Michigan Bancorp) Residential Mortgage Loans (USD Mil) : 0.00 (As of . 20)


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What is Southern Michigan Bancorp Residential Mortgage Loans (USD Mil)?

Residential Mortgage Loans (USD Mil) is the amount of mortgage loans banks made to individuals.

Southern Michigan Bancorp's Residential Mortgage Loans (USD Mil) for the annual that ended in Dec. 2023 was 167.54 , which is higher than 148.60 for the pervious year ended in Dec. 2022.

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


Southern Michigan Bancorp Residential Mortgage Loans (USD Mil) Historical Data

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

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

Residential Mortgage Loans (USD Mil) is the amount of mortgage loans banks made to individuals. This should be distinguished from commercial mortgage loans Commercial Mortgage Loans (USD Mil), which is the amount of mortgage loans made to business entities (including corporations, limited partnerships, developers, funds and trusts). The amortization periods, terms of the loans and requirements for application differ between these two types of loans.


Southern Michigan Bancorp Residential Mortgage 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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