Southern Michigan Bancorp, Inc. reported a net income of $2,912,000 for the fourth quarter of 2025, a 9.9% increase from the same period in 2024. For the full year, net income was $12,215,000, up 17.4% from 2024. The bank achieved loan growth of 14.1%, deposit growth of 13.2%, and total asset growth of 13.0% in 2025. The allowance for credit losses was $15,553,000, with non-performing loans at 0.98% as of December 31, 2025. Southern Michigan Bancorp, Inc. operates 18 offices throughout Michigan, offering consumer, business, and wealth management services.

The annualized return on average assets for 2025 was 0.77%, up from 0.71% in 2024. The annualized return on average equity was 10.64% for 2025, compared to 10.07% in 2024. The tax equivalent net interest margin for 2025 was 3.22%, an improvement from 2.98% in 2024. Southern Michigan Bancorp, Inc. President and CEO, John R. Waldron, expressed satisfaction with the company’s earnings and growth, highlighting a strong performance in various financial metrics.

Read more at GlobeNewswire: Southern Michigan Bancorp, Inc. Announces Fourth Quarter