Southern Michigan Bancorp, Inc. (SOMC) Reports Q2 EPS of $0.74
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Southern Michigan Bancorp, Inc. Announces Second Quarter 2022 Earnings
July 27, 2022 8:26 AM EDTCOLDWATER, Mich., July 27, 2022 (GLOBE NEWSWIRE) -- Southern Michigan Bancorp, Inc. (OTC Pink: SOMC) announced second quarter 2022 net income of $3,361,000, or $0.74 per share, compared to net income of $3,009,000, or $0.66 per share, for the second quarter of 2021. Southern earned $6,294,000, or $1.39 per share, for the six-month period ending June 30, 2022 compared to $6,097,000, or $1.33 per share, for the same six-month period a year ago.
Total consolidated assets at June 30, 2022 totaled $1.183 billion compared to $1.161 billion at December 31, 2021. Loan totals grew 6.5%, from December 31, 2021 levels of $741.4 million to $789.6 million. Deposits totaled $1,030.9 million at June 30, 2022, an increase of... More
