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Eastern Virginia Bankshares (Eastern Virginia Bankshares) Scaled Net Operating Assets : 0.19 (As of Mar. 2017)


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What is Eastern Virginia Bankshares 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.

Eastern Virginia Bankshares's operating assets for the quarter that ended in Mar. 2017 was $1,425.16 Mil. Eastern Virginia Bankshares's operating liabilities for the quarter that ended in Mar. 2017 was $1,160.31 Mil. Eastern Virginia Bankshares's Total Assets for the quarter that ended in Dec. 2016 was $1,398.59 Mil. Therefore, Eastern Virginia Bankshares's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2017 was 0.19.


Eastern Virginia Bankshares 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.

Eastern Virginia Bankshares's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2016 is calculated as

Scaled Net Operating Assets (SNOA)(A: Dec. 2016 )
=(Operating Assets (A: Dec. 2016 )-Operating Liabilities (A: Dec. 2016 ))/Total Assets (A: Dec. 2015 )
=(1381.677-1064.308)/1270.384
=0.25

where

Operating Assets(A: Dec. 2016 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=1398.593 - 16.916
=1381.677

Operating Liabilities(A: Dec. 2016 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1267.393 - 29.435 - 173.65
=1064.308

Eastern Virginia Bankshares's Scaled Net Operating Assets (SNOA) for the quarter that ended in Mar. 2017 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Mar. 2017 )
=(Operating Assets (Q: Mar. 2017 )-Operating Liabilities (Q: Mar. 2017 ))/Total Assets (Q: Dec. 2016 )
=(1425.156-1160.307)/1398.593
=0.19

where

Operating Assets(Q: Mar. 2017 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=1446.601 - 21.445
=1425.156

Operating Liabilities(Q: Mar. 2017 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1313.658 - 29.461 - 123.89
=1160.307

* 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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Eastern Virginia Bankshares (Eastern Virginia Bankshares) Business Description

Traded in Other Exchanges
N/A
Address
Eastern Virginia Bankshares Inc a Virginia corporation was incorporated on September 5, 1997. The Company is a bank holding company. Through its wholly-owned bank subsidiary, EVB, it operates 21 full service branches and 2 drive-in facilities in eastern Virginia. EVB is a community bank targeting small to medium-sized businesses and consumers in its traditional coastal plain markets and the emerging suburbs outside of the Richmond and Greater Tidewater areas. It provides personal and commercial banking services including commercial, consumer and real estate loans. It also provides retail and commercial deposit products and fee-based services. The Company's markets are located east of U.S. Route 250 and extend from northeast of Richmond to the Chesapeake Bay in central Virginia and across the James River from Colonial Heights to southeastern Virginia. It has four primary market areas: Northern Neck, Middle Peninsula, Capital or suburbs of Richmond and Southern. The Company's Northern Neck and Middle Peninsula regions are in the eastern coastal plain of Virginia. The Company's Capital region is comprised of Hanover, Henrico, King William counties and Colonial Heights which are emerging suburbs of Richmond. The Company's Southern region is comprised of New Kent, Surry, Sussex, and Southampton counties. The Company provides lending and credit services to customers including mortgage, commercial and consumer loans. A substantial portion of the loan portfolio is represented by mortgage loans in the Company's market area. It competes with national and regional financial institutions, savings associations and other independent community banks, as well as credit unions, mutual funds and life insurance companies. The Company is subject to the supervision of, the Board of Governors of the Federal Reserve System and the Federal Reserve Bank of Richmond.
Executives
Bruce Todd Brockwell officer: EVP / Chief Banking Officer 4713 STONEY CREEK PARKWAY, CHESTER VA 23831
Joe A Shearin director, officer: President and CEO BOX 517, TAPPAHANNOCK VA 22560
Garrett F L Iii director 268 CATHCHPENNY LANE, BOWLERS WHARF VA 22560
Eric Alan Johnson director P O BOX 517, URBANNA VA 23175
John Fitzgerald Biagas director 627 36TH STREET, NEWPORT NEWS VA 23607
William Rand Cook director 4459 CROWN HILL ROAD, MECHANICSVILLE VA 23111
James Adam Sothen officer: Executive VP / CFO 3537 CROFTS PRIDE DRIVE, VIRGINIA BEACH VA 23453
James Stanley Thomas officer: Executive VP / CCO 8954 BELLEFONTE ROAD, RICHMOND VA 23229
Douglas Robert Taylor officer: Executive VP / CRO 1210 WALTON CREEK DRIVE, MIDLOTHIAN VA 23114
Mark Christopher Hanna officer: EVP/Regional President 495 S. MASON ST., HARRISONBURG VA 22801