Grayson Bankshares (Grayson Bankshares) Other Income (Minority Interest) : $0.00 Mil (TTM As of Dec. 2011)

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What is Grayson Bankshares Other Income (Minority Interest)?

Other Income (Minority Interest) represents par value or stated value of the subsidiary stock not owned by the parent company plus the minority interest's equity in the surplus of the subsidiary. Grayson Bankshares's Other Income (Minority Interest) for the six months ended in Dec. 2011 was $0.00 Mil. Its Other Income (Minority Interest) for the trailing twelve months (TTM) ended in Dec. 2011 was $0.00 Mil.

Grayson Bankshares Other Income (Minority Interest) Historical Data

The historical data trend for Grayson Bankshares's Other Income (Minority Interest) 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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Grayson Bankshares Other Income (Minority Interest) Chart

Grayson Bankshares Annual Data

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Other Income (Minority Interest)

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Grayson Bankshares Semi-Annual Data
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Grayson Bankshares Other Income (Minority Interest) Calculation

Other Income (Minority Interest) represents par value or stated value of the subsidiary stock not owned by the parent company plus the minority interest's equity in the surplus of the subsidiary.

For stock reported annually, GuruFocus uses latest annual data as the TTM data. Other Income (Minority Interest) for the trailing twelve months (TTM) ended in Dec. 2011 was $0.00 Mil.

Grayson Bankshares (OTCPK:GSON) Other Income (Minority Interest) Explanation

Minority interest is a significant but non-controlling ownership of less than 50% of a company's voting shares by either an investor or another company. It is reported on the consolidated income statement as a share of profit belonging to minority shareholders.

Grayson Bankshares (Grayson Bankshares) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Grayson Bankshares Inc (OTCPK:GSON) » Definitions » Other Income (Minority Interest)

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Grayson Bankshares, Inc. was incorporated as a Virginia corporation on February 3, 1992. It is a bank holding company for The Grayson National Bank (the Bank). National Bank currently serves Grayson County and surrounding areas through ten banking offices located in the towns of Independence, Hillsville and Wytheville, the localities of Elk Creek, Troutdale and Whitetop, the City of Galax, and Carroll County, Virginia, and the Town of Sparta, North Carolina. The Bank operates for the primary purpose of meeting the banking needs of individuals and small to medium sized businesses in the Bank's service area, while developing personal, hometown associations with these customers. The Bank offers a wide range of banking services including checking and savings accounts; commercial, installment, mortgage and personal loans; credit and debit cards; internet banking and online bill paying; safe deposit boxes; and other associated services. The Bank's primary sources of revenue are interest income from its lending activities, and, to a lesser extent, from its investment portfolio. The Bank also earns fees from lending and deposit activities. The major expenses of the Bank are interest on deposit accounts and general and administrative expenses, such as salaries, occupancy and related expenses. The Bank's lending services include real estate, commercial, agricultural and consumer loans. The Bank invests a portion of its assets in U.S. Treasury, U.S. Government agency and U.S. Government sponsored enterprise securities, state, county and municipal obligations, and equity securities. Deposits are the major source of funds for lending and other investment activities. The Bank considers the majority of its regular savings, demand, NOW and money market deposits and small denomination certificates of deposit to be core deposits. The Company's market area consists primarily of the Counties of Grayson, Carroll and Wythe, and the independent city of Galax, in Virginia, as well as Alleghany County in North Carolina. As a bank holding company, the Company is subject to regulation under the Bank Holding Company Act of 1956 (BHCA) and the examination and reporting requirements of the Federal Reserve.

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