• Southern Michigan Bancorp’s third-quarter 2026 net income rose 8% year over year to $3.27 million.
• Quarterly net interest income climbed 9% to $13.22 million, while non-interest expense increased 21% to $12.03 million year over year.
• Net loan charge-offs rose to $1.65 million for the first nine months of 2026 compared with the year-earlier period.
• Non-performing assets fell to 0.28% of total assets at September 30, 2026, from December 31, 2025.
• John H. Castle returned as interim CEO and Kurt Miller as interim president while the bank searches for permanent replacements.

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 via GlobeNewswire (Ref. ID: 202610280745PRIMZONEFULLFEED9854479) on October 28, 2026, and is solely responsible for the information contained therein.