Town Center Bank IL (Town Center Bank IL) Total Assets : $142.44 Mil (As of Mar. 2024)

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What is Town Center Bank IL Total Assets?

Town Center Bank IL's Total Assets for the quarter that ended in Mar. 2024 was $142.44 Mil.

During the past 12 months, Town Center Bank IL's average Total Assets Growth Rate was 28.30% per year. During the past 3 years, the average Total Assets Growth Rate was -2.50% per year. During the past 5 years, the average Total Assets Growth Rate was 6.10% per year. During the past 10 years, the average Total Assets Growth Rate was 4.40% per year.

During the past 11 years, Town Center Bank IL's highest 3-Year average Total Assets Growth Rate was 21.60%. The lowest was -11.80%. And the median was 4.25%.

Total Assets is connected with ROA %. Town Center Bank IL's annualized ROA % for the quarter that ended in Mar. 2024 was 0.93%. Total Assets is also linked to Revenue through Asset Turnover. Town Center Bank IL's Asset Turnover for the quarter that ended in Mar. 2024 was 0.01.

Town Center Bank IL Total Assets Historical Data

The historical data trend for Town Center Bank IL's Total Assets 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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Town Center Bank IL Total Assets Chart

Town Center Bank IL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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106.72

155.99

149.35

134.32

147.58

Town Center Bank IL Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Dec22	Mar23	Jun23	Dec23	Mar24
Total Assets	Get a 7-Day Free Trial															134.32	121.70	129.96	147.58	142.44

Town Center Bank IL Total Assets Calculation

Total Assets are all the assets a company owns.

From the capital sources of the assets, some of the assets are funded through shareholder's paid in capital and retained earnings of the business. Others are funded through borrowed money.

Town Center Bank IL's Total Assets for the fiscal year that ended in Dec. 2023 is calculated as

Total Assets	=	Total Equity (A: Dec. 2023 )	+	Total Liabilities (A: Dec. 2023 )
	=	16.927	+	130.655
	=	147.58

Town Center Bank IL's Total Assets for the quarter that ended in Mar. 2024 is calculated as

Total Assets	=	Total Equity (Q: Mar. 2024 )	+	Total Liabilities (Q: Mar. 2024 )
	=	17.265	+	125.171
	=	142.44

Town Center Bank IL (OTCPK:TCNB) Total Assets Explanation

Total Assets is connected with ROA %.

Town Center Bank IL's annualized ROA % for the quarter that ended in Mar. 2024 is

ROA %	=	Net Income (Q: Mar. 2024 )	/	( (Total Assets (Q: Dec. 2023 )	+	Total Assets (Q: Mar. 2024 ))	/ count )
	=	1.352	/	( (147.582	+	142.436)	/ 2 )
	=	1.352	/	145.009
	=	0.93 %

Note: The Net Income data used here is four times the quarterly (Mar. 2024) data.

In the article Joining The Dark Side: Pirates, Spies and Short Sellers, James Montier reported that In their US sample covering the period 1968-2003, Cooper et al find that firms with low asset growth outperformed firms with high asset growth by an astounding 20% p.a. equally weighted. Even when controlling for market, size and style, low asset growth firms outperformed high asset growth firms by 13% p.a. Therefore a company with fast asset growth may underperform.

Total Assets is linked to total revenue through Asset Turnover.

Town Center Bank IL's Asset Turnover for the quarter that ended in Mar. 2024 is

	Asset Turnover
=	Revenue (Q: Mar. 2024 )	/	( (Total Assets (Q: Dec. 2023 )	+	Total Assets (Q: Mar. 2024 ))	/ count )
=	1.723	/	( (147.582	+	142.436)	/ 2 )
=	1.723	/	145.009
=	0.01

Therefore, if a company grows its Total Assets faster than its Revenue, the Asset Turnover will decline. This might be a warning sign for the business.

Town Center Bank IL Total Assets Related Terms

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Town Center Bank IL (Town Center Bank IL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Town Center Bank IL (OTCPK:TCNB) » Definitions » Total Assets

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Address

1938 E. Lincoln Highway, Unit 201, New Lenox, IL, USA, 60451

Website

https://www.towncenterbank.com

Town Center Bank IL provides banking products and services to families, businesses, and organizations in Illinois. Its primary deposit products are checking, savings, and term certificate accounts and its primary lending products are residential mortgages, commercial, commercial real estate, construction, land development, and consumer loans. Other financial instruments offered by the bank include loan commitments, credit lines, letters of credit, and overdraft protection.

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