COLDWATER, MI (WTVB) – Southern Michigan Bancorp has released their 2019 second quarter and six month earnings report.
Second quarter 2019 net income was $2,326,000, or $1.01 per share, compared to net income of $2,216,000, or $0.96 per share, for the second quarter of 2018.
Southern earned $4,246,000, or $1.84 per share, for the six-month period ending June 30, 2019 compared to $4,018,000, or $1.74 per share, for the same six-month period a year ago.
Southern Michigan Chair and Chief Executive Officer John H. Castle stated, “We are pleased with our second quarter and year-to-date performance, which resulted in record first and second quarter earnings and solid returns for our shareholders.”
Total consolidated assets at June 30, 2019 were $779.0 million compared to $738.8 million at December 31, 2018.
