Highlands Bankshares (WV) (Highlands Bankshares (WV)) Scaled Net Operating Assets : 0.05 (As of Dec. 2018)

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What is Highlands Bankshares (WV) 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.

Highlands Bankshares (WV)'s operating assets for the quarter that ended in Dec. 2018 was $370.57 Mil. Highlands Bankshares (WV)'s operating liabilities for the quarter that ended in Dec. 2018 was $349.42 Mil. Highlands Bankshares (WV)'s Total Assets for the quarter that ended in Dec. 2017 was $404.66 Mil. Therefore, Highlands Bankshares (WV)'s scaled net operating assets (SNOA) for the quarter that ended in Dec. 2018 was 0.05.

Highlands Bankshares (WV) 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.

Highlands Bankshares (WV)'s Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2018 is calculated as

	Scaled Net Operating Assets (SNOA)		(A: Dec. 2018 )
=	(Operating Assets (A: Dec. 2018 )	-	Operating Liabilities (A: Dec. 2018 ))	/	Total Assets (A: Dec. 2017 )
=	(397.211	-	349.421)	/	404.658
=	0.12

where

	Operating Assets		(A: Dec. 2018 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	413.193	-	15.982
=	397.211

	Operating Liabilities		(A: Dec. 2018 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	359.913	-	10.492	-	0
=	349.421

Highlands Bankshares (WV)'s Scaled Net Operating Assets (SNOA) for the quarter that ended in Dec. 2018 is calculated as

	Scaled Net Operating Assets (SNOA)		(Q: Dec. 2018 )
=	(Operating Assets (Q: Dec. 2018 )	-	Operating Liabilities (Q: Dec. 2018 ))	/	Total Assets (Q: Dec. 2017 )
=	(370.57	-	349.421)	/	404.658
=	0.05

where

	Operating Assets		(Q: Dec. 2018 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	413.193	-	42.623
=	370.57

	Operating Liabilities		(Q: Dec. 2018 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	359.913	-	10.492	-	0
=	349.421

* 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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Highlands Bankshares (WV) (Highlands Bankshares (WV)) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Highlands Bankshares Inc (WV) (OTCPK:HBSI) » Definitions » Scaled Net Operating Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

3 North Main Street, P.O. Box 929, Petersburg, WV, USA, 26847

Website

https://www.highlandsbankshares.com

Highlands Bankshares Inc (WV) operates as a holding company, which engages in the provision of financial and banking services through its subsidiaries. It offers a variety of services, including commercial and individual demand and time deposit accounts, commercial and individual loans, drive-in banking services, and automatic teller machine banking. The banks provide services to customers located mainly in Grant, Hardy, Hampshire, Mineral, Pendleton, Randolph, and Tucker counties of West Virginia, including the towns of Petersburg, Keyser, Moorefield, Davis, and Wardensville.