Independent Bank (Ionia MI) (Independent Bank (Ionia MI)) Scaled Net Operating Assets : -0.06 (As of Dec. 2023)

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What is Independent Bank (Ionia MI) 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.

Independent Bank (Ionia MI)'s operating assets for the quarter that ended in Dec. 2023 was $4,414.6 Mil. Independent Bank (Ionia MI)'s operating liabilities for the quarter that ended in Dec. 2023 was $4,730.0 Mil. Independent Bank (Ionia MI)'s Total Assets for the quarter that ended in Sep. 2023 was $5,200.0 Mil. Therefore, Independent Bank (Ionia MI)'s scaled net operating assets (SNOA) for the quarter that ended in Dec. 2023 was -0.06.

Independent Bank (Ionia MI) 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.

Independent Bank (Ionia MI)'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 )
=	(5093.945	-	4730.013)	/	4999.787
=	0.07

where

	Operating Assets		(A: Dec. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	5263.726	-	169.781
=	5093.945

	Operating Liabilities		(A: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	4859.277	-	129.264	-	0
=	4730.013

Independent Bank (Ionia MI)'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 )
=	(4414.595	-	4730.013)	/	5200.018
=	-0.06

where

	Operating Assets		(Q: Dec. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	5263.726	-	849.131
=	4414.595

	Operating Liabilities		(Q: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	4859.277	-	129.264	-	0
=	4730.013

* 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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Independent Bank (Ionia MI) (Independent Bank (Ionia MI)) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Independent Bank Corp (Ionia MI) (NAS:IBCP) » Definitions » Scaled Net Operating Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

4200 East Beltline, Grand Rapids, MI, USA, 49525

Website

https://www.independentbank.com

Independent Bank Corp (Ionia MI) operates as a commercial bank. It offers a broad range of banking services to individuals and businesses, including checking and savings accounts, commercial lending, direct and indirect consumer financing, mortgage lending, and safe deposit box services. It also provides internet and mobile banking capabilities to its customers.

Executives

Stefanie M Kimball	officer: Executive Vice President	230 WEST MAIN STREET, IONIA MI 48846
Terance L Beia	director	4200 E BELTLINE, GRAND RAPIDS MI 49525
Archer Dennis W. Jr	director	4200 E BELTLINE, GRAND RAPIDS MI 49525
Christina Keller	director	4200 E BELTLINE AVE, GRAND RAPIDS MI 49525
James J Twarozynski	officer: Sr Vice President & Controller	201 HIGHLAND DRIVE, ROCKFORD MI 49341
Gavin A. Mohr	officer: Executive Vice President	4200 E BELTLINE, GRAND RAPIDS MI 49525
Kristopher Kreter	officer: First Vice Pres. & Controller	4200 E BELTLINE, GRAND RAPIDS MI 49525
Ronia F Kruse	director	4200 E BELTLINE, GRAND RAPIDS MI 49525
Joel F Rahn	officer: Executive Vice President	4200 E BELTLINE, GRAND RAPIDS MI 49525
William B Kessel	officer: President of Affiliate Bank	INDEPENDENT BANK CORPORATION, 230 WEST MAIN STREET, IONIA MI 48846
Matthew J Missad	director	2801 EAST BELTLINE, N.E., GRAND RAPIDS MI 49525
Patrick J Ervin	officer: Executive Vice President	4200 E BELTLINE, GRAND RAPIDS MI 49525
Dennis J Mack	officer: Executive Vice President	230 WEST MAIN STREET, IONIA MI 48846
Robert N Shuster	officer: Executive Vice President and C	201 HIGHLAND DRIVE, ROCKFORD MI 49341
Stephen A. Erickson	officer: EVP and Treasurer	1201 NETWORK CENTRE DRIVE, EFFINGHAM IL 62401