Southern Michigan Bancorp reports Q2 EPS 70c vs. 55c last year

The annualized return on average assets for the six-month periods ended June 30, 2025, and June 30, 2024, was 0.81% and 0.71%, respectively. The annualized return on average equity was 11.31% for the first six months of 2025 compared to 10.34% for the first six months of 2024. The tax equivalent net interest margin for the six-month period ending June 30, 2025 was 3.20% compared to 2.94% for the same period of 2024. John Waldron, CEO, stated, “We are pleased to report another solid quarter. Our earnings trend remained positive, and credit quality remained strong. Our continued investment in market expansion and staff translated into record loans and total assets at quarter end.”