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Southern Connecticut Bancorp (Southern Connecticut Bancorp) Goodwill-to-Asset : 0.00 (As of Mar. 2013)


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What is Southern Connecticut Bancorp Goodwill-to-Asset?

Goodwill to Asset ratio measures how much goodwill a company is recording compared to the total level of its assets. Southern Connecticut Bancorp's Goodwill for the quarter that ended in Mar. 2013 was $0.00 Mil. Southern Connecticut Bancorp's Total Assets for the quarter that ended in Mar. 2013 was $121.77 Mil. Therefore, Southern Connecticut Bancorp's Goodwill to Asset Ratio for the quarter that ended in Mar. 2013 was 0.00.


Southern Connecticut Bancorp Goodwill-to-Asset Historical Data

The historical data trend for Southern Connecticut Bancorp's Goodwill-to-Asset can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Southern Connecticut Bancorp Goodwill-to-Asset Chart

Southern Connecticut Bancorp Annual Data
Trend Dec03 Dec04 Dec05 Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12
Goodwill-to-Asset
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Southern Connecticut Bancorp Quarterly Data
Jun08 Sep08 Dec08 Mar09 Jun09 Sep09 Dec09 Mar10 Jun10 Sep10 Dec10 Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13
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Competitive Comparison of Southern Connecticut Bancorp's Goodwill-to-Asset

For the Banks - Regional subindustry, Southern Connecticut Bancorp's Goodwill-to-Asset, along with its competitors' market caps and Goodwill-to-Asset data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Southern Connecticut Bancorp's Goodwill-to-Asset Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Southern Connecticut Bancorp's Goodwill-to-Asset distribution charts can be found below:

* The bar in red indicates where Southern Connecticut Bancorp's Goodwill-to-Asset falls into.



Southern Connecticut Bancorp Goodwill-to-Asset Calculation

Goodwill to Asset ratio measures how much goodwill a company is recording compared to the total level of its assets.

It is calculated by dividing goodwill by total assets.

Southern Connecticut Bancorp's Goodwill to Asset Ratio for the fiscal year that ended in Dec. 2012 is calculated as

Goodwill to Asset (A: Dec. 2012 )=Goodwill/Total Assets
=0/121.447
=0.00

Southern Connecticut Bancorp's Goodwill to Asset Ratio for the quarter that ended in Mar. 2013 is calculated as

Goodwill to Asset (Q: Mar. 2013 )=Goodwill/Total Assets
=0/121.768
=0.00

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Southern Connecticut Bancorp  (DELISTED:SSE) Goodwill-to-Asset Explanation

If the goodwill-to-asset ratio increases, it can mean that the company is recording a proportionately higher amount of goodwill, assuming total assets are remaining constant. It is generally good to see a company increasing its assets regularly; however, if these increases are coming from intangible assets, such as goodwill, the increases may not be as good.

Increases in the goodwill-to-asset ratio might suggest that a company has been aggressively acquiring other firms or has seen its tangible assets decrease in value. When a large portion of total assets are attributable to intangible assets (such as goodwill), the company may be at risk of having that portion of its asset base wiped out quickly if it must record any goodwill impairments. Decreases in the goodwill-to-assets ratio suggest that the company has either written down some goodwill or increased its tangible assets.

Asset needs vary from industry to industry. This is why comparing goodwill-to-assets ratios is generally most meaningful among companies within the same industry. By comparing a company's goodwill to assets ratio to those of other companies within the same industry, investors can get a feel for how a company is managing its goodwill.


Southern Connecticut Bancorp Goodwill-to-Asset Related Terms

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Southern Connecticut Bancorp (Southern Connecticut Bancorp) Business Description

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Southern Connecticut Bancorp, Inc., a Connecticut corporation was incorporated on November 8, 2000. It is a bank holding company The Company owns 100% of the capital stock of The Bank of Southern Connecticut (the 'Bank'), a Connecticut-chartered bank. The Bank operates branches at four locations, including downtown New Haven, the Amity/Westville section of New Haven, Branford and North Haven. It focuses on serving the banking needs of small to medium-sized businesses, professionals and professional corporations, and their owners and employees in the Greater New Haven Market. The Bank offers loans to businesses and individuals in its service area, including commercial and business loans, industrial loans, personal loans, commercial and home mortgage loans, home equity loans and automobile loans. The Bank has attracted a base of core deposits, including interest bearing and non-interest bearing checking accounts, money market accounts, savings accounts, sweep accounts, NOW accounts, repurchase agreements, and a variety of certificates of deposits and IRA accounts. The primary sources of deposits have been and are expected to continue to be small to medium-sized businesses, professionals (lawyers, doctors, accountants, etc.) and professional corporations, and their owners and employees. The Bank obtains these deposits through personal solicitation by its officers and directors, outside programs and advertisements published and/or broadcasted in the local media. It offers internet-banking services to its customers, including commercial cash management services and personal banking services. The Bank offers remote deposit capture, which offers check deposit capabilities for customers from their place of business. It also offers drive-in teller services, automated teller services, wire transfer, lock box and safe deposit services. The Bank provides a range of other services and products, including cashier's checks, money orders, travelers' checks, bank-by-mail, direct deposit and U.S. Savings Bonds. It is associated with a shared network of automated teller machines that its customers are able to use throughout Connecticut and other regions. The Company operates in a heavily regulated industry and is subject to increasing regulatory review and scrutiny from the Federal Reserve Board, the Connecticut Banking Commissioner, and the FDIC. There are numerous banks and other financial institutions serving the Greater New Haven Market posing significant competition to attract deposits and loans. The Banks and bank holding companies are extensively regulated under both federal and state law.

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