• Southern Michigan Bancorp posted Q2 2026 net income of $3.09 million, down 4.7%.
• Diluted EPS slipped to $0.66; dividends declared rose to $0.17 per share.
• CEO John R. Waldron cited a $1.7 million other real estate owned write-down; the quarter had no required provision for credit losses.
• For the first half, net income edged up 1.7% to $6.39 million; return on average assets fell 6 basis points to 0.75%.
• Tax-equivalent net interest margin widened 15 basis points to 3.35%; net loan charge-offs climbed to 837,000.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Southern Michigan Bancorp Inc. published the original content used to generate this news brief on July 29, 2026, and is solely responsible for the information contained therein.