Berkshire Bancorp (Berkshire Bancorp) Scaled Net Operating Assets : -0.31 (As of Dec. 2021)

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What is Berkshire 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.

Berkshire Bancorp's operating assets for the quarter that ended in Dec. 2021 was $326.76 Mil. Berkshire Bancorp's operating liabilities for the quarter that ended in Dec. 2021 was $546.42 Mil. Berkshire Bancorp's Total Assets for the quarter that ended in Dec. 2020 was $715.72 Mil. Therefore, Berkshire Bancorp's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2021 was -0.31.

Berkshire 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.

Berkshire Bancorp's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2021 is calculated as

	Scaled Net Operating Assets (SNOA)		(A: Dec. 2021 )
=	(Operating Assets (A: Dec. 2021 )	-	Operating Liabilities (A: Dec. 2021 ))	/	Total Assets (A: Dec. 2020 )
=	(471.295	-	546.415)	/	715.718
=	-0.10

where

	Operating Assets		(A: Dec. 2021 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	716.68	-	245.385
=	471.295

	Operating Liabilities		(A: Dec. 2021 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	547.309	-	0.894	-	0
=	546.415

Berkshire Bancorp's Scaled Net Operating Assets (SNOA) for the quarter that ended in Dec. 2021 is calculated as

	Scaled Net Operating Assets (SNOA)		(Q: Dec. 2021 )
=	(Operating Assets (Q: Dec. 2021 )	-	Operating Liabilities (Q: Dec. 2021 ))	/	Total Assets (Q: Dec. 2020 )
=	(326.757	-	546.415)	/	715.718
=	-0.31

where

	Operating Assets		(Q: Dec. 2021 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	716.68	-	389.923
=	326.757

	Operating Liabilities		(Q: Dec. 2021 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	547.309	-	0.894	-	0
=	546.415

* 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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Berkshire Bancorp (Berkshire Bancorp) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

160 Broadway, First Floor, New York, NY, USA, 10038

Website

https://www.berkbank.com

Berkshire Bancorp Inc is a bank holding firm based in the United States. The company principally engages in the ownership and management of its indirect wholly-owned subsidiary which is a state chartered commercial bank. It has been providing services to high net worth individuals, small and mid-sized commercial businesses primarily in the New York City metropolitan area. Its branches are located in New York and in New Jersey. It's loan products offering includes commercial and industrial and finance leases; residential loans, and commercial real estate and construction loans, and consumer loans.

Executives

Moses Marx	director, 10 percent owner	160 BROADWAY, NEW YORK NY 10038
George Karfunkel	director	6201 15TH AVE, BROOKLYN NY 33428
Philippe D Katz	director	160 BROADWAY, NEW YORK NY 10038
Joseph Fink	director, officer: Pres, CEO, Treasurer, CFO	C/O BERKSHIRE BANCORP., INC., 160 BROADWAY, NEW YORK NY 10038
Cohen William L /ny	director	1333 BROADWAY 5TH FLOOR, NEW YORK NY 10018
Steven Rosenberg	director, officer: President, CEO, CFO	57 FAIRVIEW AVE, PORT WASHINGTON NY 11050
Martin A Fischer	director	254 EAST 68TH STREET, APT. 28A, NEW YORK NY 10065
David W Lukens	other: EVP & CFO of Subsidiary	600 MADISON AVE, NEW YORK NY 10022
Moses Krausz	other: President & CEO of subsidary