Coldwater, MI · Cert 5019 · Southern Michigan Bcorp Inc.
State charter, non-member · FDIC · 20 branches
Q2 2026
Market Position · Battle Creek, MI · 2026 SOD (annual) · 20.8% share · #3 of 10 inst. · $0.3B of $1.3B
Return on Assets (quarter, annualized)
Net Interest Margin (quarter, annualized)
Efficiency Ratio (quarter, annualized)
Tier 1 Leverage Ratio
Discrete quarter, annualized.
| Metric | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | YoY Δ | Trend |
|---|---|---|---|---|---|---|---|
| Earnings | |||||||
| Return on Assets | 0.99% | 0.89% | 0.83% | 0.85% | 0.85% | -14 bps | |
| Return on Equity | 11.10% | 10.03% | 9.40% | 9.57% | 9.32% | -179 bps | |
| Net Interest Margin | 3.20% | 3.12% | 3.11% | 3.10% | 3.34% | +14 bps | |
| Efficiency Ratio | 65.26% | 63.78% | 64.86% | 67.44% | 71.31% | +606 bps | |
| Non-Interest Burden | 1.86% | 1.74% | 1.79% | 1.89% | 2.30% | +43 bps | |
| Growth | |||||||
| Asset Growth (YoY) | 7.99% | 10.42% | 13.03% | 9.16% | 7.09% | -89 bps | |
| Loan Growth (YoY) | 11.18% | 13.36% | 13.98% | 14.86% | 7.06% | -412 bps | |
| Deposit Growth (YoY) | 8.33% | 10.22% | 13.03% | 8.61% | 7.14% | -118 bps | |
| Asset Quality | |||||||
| Nonperforming Loans / Loans | 0.01% | 1.02% | 0.98% | 0.90% | 0.92% | +91 bps | |
| Net Charge-Offs / Loans | 0.00% | 0.00% | 0.01% | 0.25% | 0.01% | 0 bps | |
| Allowance / Loans | 1.11% | 1.17% | 1.22% | 1.17% | 1.19% | +9 bps | |
| Allowance Coverage of NPLs | 178.7x | 1.1x | 1.2x | 1.3x | 1.3x | -177.4x | |
| Capital | |||||||
| Tier 1 Leverage Ratio | 9.05% | 9.01% | 8.95% | 8.79% | 9.04% | -1 bps | |
| Total Risk-Based Capital | 12.23% | 12.42% | 12.23% | 12.03% | 9.04% | -319 bps | |
| Equity / Assets | 8.97% | 8.76% | 8.87% | 8.90% | 9.26% | +29 bps | |
| Liquidity & Funding | |||||||
| Loans / Deposits | 91.06% | 87.72% | 89.49% | 91.03% | 90.99% | -7 bps | |
| Liquid Assets / Assets | 6.94% | 10.54% | 9.19% | 7.84% | 8.14% | +120 bps | |
| CRE / Total Capital | n/a | 542% | 540% | 550% | n/a | n/a | |