First Community (First Community) Scaled Net Operating Assets : -0.08 (As of Dec. 2023)

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What is First Community 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.

First Community's operating assets for the quarter that ended in Dec. 2023 was $1,450.77 Mil. First Community's operating liabilities for the quarter that ended in Dec. 2023 was $1,588.24 Mil. First Community's Total Assets for the quarter that ended in Sep. 2023 was $1,793.72 Mil. Therefore, First Community's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2023 was -0.08.

First Community 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.

First Community'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 )
=	(1732.993	-	1588.239)	/	1672.946
=	0.09

where

	Operating Assets		(A: Dec. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	1827.688	-	94.695
=	1732.993

	Operating Liabilities		(A: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	1696.629	-	18.39	-	90
=	1588.239

First Community's Scaled Net Operating Assets (SNOA) for the quarter that ended in Dec. 2023 is calculated as

	Scaled Net Operating Assets (SNOA)		(Q: Dec. 2023 )
=	(Operating Assets (Q: Dec. 2023 )	-	Operating Liabilities (Q: Dec. 2023 ))	/	Total Assets (Q: Sep. 2023 )
=	(1450.767	-	1588.239)	/	1793.722
=	-0.08

where

	Operating Assets		(Q: Dec. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	1827.688	-	376.921
=	1450.767

	Operating Liabilities		(Q: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	1696.629	-	18.39	-	90
=	1588.239

* 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.

First Community Scaled Net Operating Assets Related Terms

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First Community (First Community) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » First Community Corp (NAS:FCCO) » Definitions » Scaled Net Operating Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

5455 Sunset Boulevard, Lexington, SC, USA, 29072

Website

https://www.firstcommunitysc.com

First Community Corp is a bank holding company, which provides commercial banking services. It is engaged in the general commercial and retail banking business characterized by personalized service and local decision making, emphasizing the banking needs of small to medium-sized businesses, professional concerns, and individuals. It operates through following segments: Commercial and Retail Banking; Mortgage Banking; Investment Advisory and Non-Deposit; and Corporate. It offers checking, savings, money market, individual retirement, and certificates of deposit accounts. Its lending lines include consumer loans, real estate loans, home improvement loans, home loans, flex loans, construction loans, agricultural loans, and others.

Executives

E. Leland Reynolds	director	5455 SUNSET BLVD, LEXINGTON SC 29072
Michael C Crapps	director, officer: President & CEO	C/O FIRST COMMUNITY CORP, P O BOX 64, LEXINGTON SC 29071
Jan H Hollar	director	300 E. BROAD ST., STATESVILLE NC 28677
Edward J. Tarver	director	C/O FIRST COMMUNITY CORPORATION, 5455 SUNSET BLVD, LEXINGTON SC 29072
Mickey Layden	director	5455 SUNSET BLVD., LEXINGTON SC 29072
Ray E Jones	director	5455 SUNSET BLVD., LEXINGTON SC 29072
Jane S Sosebee	director	C/O PALMETTO BANCSHARES, INC., 306 EAST NORTH STREET, GREENVILLE SC 29601
Tanya A Butts	officer: Executive Vice Pres	104 S. MAIN STREET, GREENVILLE SC 29601
Jack W. Walker	officer: EVP and Chief Credit Officer	C/O FIRST COMMUNITY CORPORATION, 5455 SUNSET BLVD, LEXINGTON SC 29072
Donald Shawn Jordan	officer: EVP and CFO	C/O FIRST COMMUNITY CORPORATION, 5455 SUNSET BLVD, LEXINGTON SC 29072
Thomas Carlton Brown	director	C/O FIRST COMMUNITY CORP, P O BOX 64, LEXINGTON SC 29071
David K Proctor	officer: Senior Vice President	C/O FIRST COMMUNITY CORP, P O BOX 64, LEXINGTON SC 29071
Joseph G Sawyer	officer: Senior Vice President & CFO	C/O FIRST COMMUNITY CORP, P O BOX 64, LEXINGTON SC 29071
Richard K Bogan	director	C/O FIRST COMMUNITY CORP, P O BOX 64, LEXINGTON SC 29071
Anita B Easter	director	C/O FIRST COMMUNITY CORP, P O BOX 64, LEXINGTON SC 29071