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Farmers Bank of Appomattox (Farmers Bank of Appomattox) Scaled Net Operating Assets : -0.20 (As of Mar. 2024)


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What is Farmers Bank of Appomattox 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.

Farmers Bank of Appomattox's operating assets for the quarter that ended in Mar. 2024 was $244.56 Mil. Farmers Bank of Appomattox's operating liabilities for the quarter that ended in Mar. 2024 was $314.89 Mil. Farmers Bank of Appomattox's Total Assets for the quarter that ended in Dec. 2023 was $345.11 Mil. Therefore, Farmers Bank of Appomattox's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2024 was -0.20.

Farmers Bank of Appomattox 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.

Farmers Bank of Appomattox's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2023 is calculated as

Scaled Net Operating Assets (SNOA)(A: Dec. 2023 )
=(Operating Assets (A: Dec. 2023 )-Operating Liabilities (A: Dec. 2023 ))/Total Assets (A: Dec. 2022 )
=(340.131-312.476)/316.208
=0.09

where

Operating Assets(A: Dec. 2023 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=345.11 - 4.979
=340.131

Operating Liabilities(A: Dec. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=312.476 - 0 - 0
=312.476

Farmers Bank of Appomattox's Scaled Net Operating Assets (SNOA) for the quarter that ended in Mar. 2024 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Mar. 2024 )
=(Operating Assets (Q: Mar. 2024 )-Operating Liabilities (Q: Mar. 2024 ))/Total Assets (Q: Dec. 2023 )
=(244.564-314.888)/345.11
=-0.20

where

Operating Assets(Q: Mar. 2024 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=346.692 - 102.128
=244.564

Operating Liabilities(Q: Mar. 2024 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=314.888 - 0 - 0
=314.888

* 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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Farmers Bank of Appomattox (Farmers Bank of Appomattox) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Farmers Bank of Appomattox (OTCPK:FBPA) » Definitions » Scaled Net Operating Assets
Comparable Companies
CIBH PNBK GNRV CNAF VWFB OSBK OPHC OTTW EFBI ALBY CAR:BPV CAR:MVZ.A CAR:BNC NSE:HDFCBANK SHSE:600036 NSE:ICICIBANK SAU:1120 ISX:BBCA XPAR:BNP MIC:SBER
Traded in Other Exchanges
N/A
Address
223 Main Street, Appomattox, VA, USA, 24522
Website
https://www.thefarmersbankva.com
Farmers Bank of Appomattox provides banking services. It is engaged in personal and business banking services including checking & savings, certificate of deposit, loans/mortgages, commercial checking, and commercial loans.