Sturgis Bancorp (Sturgis Bancorp) Scaled Net Operating Assets : 0.02 (As of Mar. 2024)

View and export this data going back to 2005. Start your Free Trial

What is Sturgis Bancorp 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.

Sturgis Bancorp's operating assets for the quarter that ended in Mar. 2024 was $833.45 Mil. Sturgis Bancorp's operating liabilities for the quarter that ended in Mar. 2024 was $816.73 Mil. Sturgis Bancorp's Total Assets for the quarter that ended in Dec. 2023 was $919.47 Mil. Therefore, Sturgis Bancorp's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2024 was 0.02.

Sturgis Bancorp 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.

Sturgis Bancorp'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 )
=	(879.463	-	808.868)	/	864.805
=	0.08

where

	Operating Assets		(A: Dec. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	919.472	-	40.009
=	879.463

	Operating Liabilities		(A: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	863.704	-	54.836	-	0
=	808.868

Sturgis Bancorp'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 )
=	(833.448	-	816.725)	/	919.472
=	0.02

where

	Operating Assets		(Q: Mar. 2024 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	925.297	-	91.849
=	833.448

	Operating Liabilities		(Q: Mar. 2024 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	872.582	-	55.857	-	0
=	816.725

* 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.

Sturgis Bancorp Scaled Net Operating Assets Related Terms

Thank you for viewing the detailed overview of Sturgis Bancorp's Scaled Net Operating Assets provided by GuruFocus.com. Please click on the following links to see related term pages.

Sturgis Bancorp (Sturgis Bancorp) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Sturgis Bancorp Inc (OTCPK:STBI) » Definitions » Scaled Net Operating Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

113-125 East Chicago Road, Sturgis, MI, USA, 49091

Website

https://www.sturgis.bank

Sturgis Bancorp Inc operates as a bank holding company. Its primary services include accepting deposits, making commercial and mortgage loans, engaging in mortgage banking activities, and providing investment brokerage advisory services. The majority of the revenues come from interest income and other sources, including loans, leases, securities, and derivatives.

Executives

Eric L Eishen	director, officer: President/CEO	284 KRUSZKA, BRONSON MI 49091
David E Watters	officer: Vice President/Trust Officer	P O BOX 304, STURGIS MI 49091
Philip G Ward	director	1000 S LAKEVIEW, STURGIS MI 49091
Gary E Metz	officer: Vice President	P O BOX 344, CENTREVILLE MI 49032
Dresser Raymond H Jr	director	112 SOUTH MONROE STREET, STURGIS MI 49091
Leonard L Eishen	director	66002 KNOLLWOOD DRIVE, STURGIS MI 49091
Janet M Stahl	officer: Vice President	29601 WITT LAKE ROAD, STURGIS, STURGIS MI 49091