Bay National (Bay National) Scaled Net Operating Assets : -0.25 (As of Mar. 2010)

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What is Bay National Scaled Net Operating Assets?

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Bay National's operating assets for the quarter that ended in Mar. 2010 was $205.73 Mil. Bay National's operating liabilities for the quarter that ended in Mar. 2010 was $277.80 Mil. Bay National's Total Assets for the quarter that ended in Dec. 2009 was $290.34 Mil. Therefore, Bay National's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2010 was -0.25.

Bay National Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Bay National's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2009 is calculated as

	Scaled Net Operating Assets (SNOA)		(A: Dec. 2009 )
=	(Operating Assets (A: Dec. 2009 )	-	Operating Liabilities (A: Dec. 2009 ))	/	Total Assets (A: Dec. 2008 )
=	(219.19	-	283.336)	/	270.588
=	-0.24

where

	Operating Assets		(A: Dec. 2009 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	290.343	-	71.153
=	219.19

	Operating Liabilities		(A: Dec. 2009 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	291.336	-	8	-	0
=	283.336

Bay National's Scaled Net Operating Assets (SNOA) for the quarter that ended in Mar. 2010 is calculated as

	Scaled Net Operating Assets (SNOA)		(Q: Mar. 2010 )
=	(Operating Assets (Q: Mar. 2010 )	-	Operating Liabilities (Q: Mar. 2010 ))	/	Total Assets (Q: Dec. 2009 )
=	(205.727	-	277.798)	/	290.343
=	-0.25

where

	Operating Assets		(Q: Mar. 2010 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	282.197	-	76.47
=	205.727

	Operating Liabilities		(Q: Mar. 2010 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	285.798	-	8	-	0
=	277.798

* 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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Bay National (Bay National) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Bay National Corp (GREY:BAYN) » Definitions » Scaled Net Operating Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

2328 West Joppa Road, Lutherville, MD, USA, 21093

Website

http://www.baynational.com

Bay National Corp is a bank holding company, which through National Bank, offers a complete range of commercial, private, cash management, retail, and residential mortgage banking services.