Summit Financial Group (Summit Financial Group) Scaled Net Operating Assets : 0.07 (As of Dec. 2023)

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What is Summit Financial Group 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.

Summit Financial Group's operating assets for the quarter that ended in Dec. 2023 was $4,079.3 Mil. Summit Financial Group's operating liabilities for the quarter that ended in Dec. 2023 was $3,767.3 Mil. Summit Financial Group's Total Assets for the quarter that ended in Sep. 2023 was $4,604.2 Mil. Therefore, Summit Financial Group's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2023 was 0.07.

Summit Financial Group 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.

Summit Financial Group'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 )
=	(4582.09	-	3767.306)	/	3916.692
=	0.21

where

	Operating Assets		(A: Dec. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	4634.322	-	52.232
=	4582.09

	Operating Liabilities		(A: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	4194.114	-	124.008	-	302.8
=	3767.306

Summit Financial Group'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 )
=	(4079.328	-	3767.306)	/	4604.208
=	0.07

where

	Operating Assets		(Q: Dec. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	4634.322	-	554.994
=	4079.328

	Operating Liabilities		(Q: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	4194.114	-	124.008	-	302.8
=	3767.306

* 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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Summit Financial Group (Summit Financial Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Summit Financial Group Inc (NAS:SMMF) » Definitions » Scaled Net Operating Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

300 North Main Street, Moorefield, WV, USA, 26836

Website

http://www.summitfgi.com

Summit Financial Group Inc is a financial holding company. The company provides community banking services in the Eastern Panhandle, Southern, and North Central regions of West Virginia and the Northern, Shenandoah Valley, and Southwestern regions of Virginia. It provides a wide range of community banking services, including demand, savings, and time deposits; commercial, real estate, and consumer loans; trust and wealth management services; and cash management services.

Executives

Gary L Hinkle	director	PO BOX 65, CIRCLEVILLE WV 26804
Jill S Upson	director	336 PEBBLE BEACH DRIVE, CHARLES TOWN WV 25414
Scott C Jennings	director, officer: Senior VP/ COO	PO BOX 438, MOOREFIELD WV 26836
Oscar M Bean	director	PO BOX 179, MOOREFIELD WV 26836
Joseph Hager	officer: EVP & Chief Risk Officer	221 HAYES AVENUE, CHARLESTON WV 25314
Patricia L Owens	officer: Ex. VP & Chief Banking Officer	9328 EAGEL CT, MANASSAS PARK VA 20111
Danyl R Freeman	officer: EVP & Chief Human Resources Of	388 VALLEY VIEW ROAD, MOOREFIELD WV 26836
Angela R Zirk	officer: EVP & Chief Experience Officer	PO BOX 23, OLD FIELDS WV 26845
Lauren N. Kimlel	officer: EVP & Chief Banking Officer	22453 INDIAN POINT ROAD, BOZMAN MD 21612
David Wilson	director	POST OFFICE BOX 2707, EASTON MD 21601
John H Shott	director	PO BOX 407, BLUEFIELD WV 24701
Jason A Kitzmiller	director	8070 LUNICE CREEK, MAYSVILLE WV 26833
Charles Pieirillo	director	PO BOX 38, MADISON WV 25130
James M Cookman	director	PO BOX 179, MOOREFIELD WV 26836
Georgette R. George	director	PO BOX 8523, CHARLESTON WV 25303