SOMC Financials 07/16/2014 00:14:48 Southern Mich

SOMC Financials 07/16/2014 00:14:48
Southern Michigan Bancorp, Inc.
Period Ending Dec 31, 2012 Dec 31, 2011 Dec 31, 2010
Total Revenue 27,172 25,872 27,367
Cost of Revenue 2,329 3,141 3,777
Gross Profit - - -
Operating Expenses
Research and Development - - -
Sales, General and Admin. 16,900 16,371 17,353
Non-Recurring Items - - -
Other 1,675 1,389 1,725
Operating Income - - -
Income From Continuing Operations
Add'l Income/Expense Items - - -
Earnings Before Interest and Tax 6,268 4,971 4,512
Interest Expense 488 610 693
Earnings Before Tax 5,780 4,361 3,819
Income Tax 1,430 959 721
Minority Interest - - -
Equity Earnings Unconsolidated Subsidiary - - -
Net Income Cont. Operations 4,350 3,402 3,098
Non Recurring Events
Discontinued Operations - - -
Extraordinary Items - - -
Effect of Accounting Changes - - -
Other Items - - -
Net Income 4,350 3,402 3,098
Preferred Stock and Other Adjustments - - -
Net Income Applicable to Common Shareholders 4,350 3,402 3,098