Elmiravings Bank Elmira NY (Elmiravings Bank Elmira NY) Equity-to-Asset : 0.09 (As of Dec. 2020)

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What is Elmiravings Bank Elmira NY Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Elmiravings Bank Elmira NY's Total Stockholders Equity for the quarter that ended in Dec. 2020 was $60.71 Mil. Elmiravings Bank Elmira NY's Total Assets for the quarter that ended in Dec. 2020 was $644.59 Mil. Therefore, Elmiravings Bank Elmira NY's Equity to Asset Ratio for the quarter that ended in Dec. 2020 was 0.09.

The historical rank and industry rank for Elmiravings Bank Elmira NY's Equity-to-Asset or its related term are showing as below:

ESBK' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.06 Med: 0.07 Max: 0.13
Current: 0.09

During the past 13 years, the highest Equity to Asset Ratio of Elmiravings Bank Elmira NY was 0.13. The lowest was 0.06. And the median was 0.07.

ESBK's Equity-to-Asset is not ranked
in the Banks industry.
Industry Median: 0.09 vs ESBK: 0.09

Elmiravings Bank Elmira NY Equity-to-Asset Historical Data

The historical data trend for Elmiravings Bank Elmira NY's Equity-to-Asset can be seen below:

* 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.

* Premium members only.

Elmiravings Bank Elmira NY Equity-to-Asset Chart

Elmiravings Bank Elmira NY Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Equity-to-Asset

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0.10

0.09

Elmiravings Bank Elmira NY Semi-Annual Data
	Dec01	Dec02	Dec03	Dec04	Dec05	Dec06	Dec07	Dec08	Dec09	Dec10	Dec11	Dec12	Dec13	Dec14	Dec15	Dec16	Dec17	Dec18	Dec19	Dec20
Equity-to-Asset	Get a 7-Day Free Trial															0.10	0.10	0.10	0.10	0.09

Competitive Comparison of Elmiravings Bank Elmira NY's Equity-to-Asset

For the Banks - Regional subindustry, Elmiravings Bank Elmira NY's Equity-to-Asset, along with its competitors' market caps and Equity-to-Asset data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Elmiravings Bank Elmira NY's Equity-to-Asset Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Elmiravings Bank Elmira NY's Equity-to-Asset distribution charts can be found below:

* The bar in red indicates where Elmiravings Bank Elmira NY's Equity-to-Asset falls into.

Elmiravings Bank Elmira NY Equity-to-Asset Calculation

Equity to Asset ratio measures the ratios of the portion of the asset owned by shareholders out of the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.

Equity to Asset ratio is calculated by dividing total stockholders equity by total asset.

Elmiravings Bank Elmira NY's Equity to Asset Ratio for the fiscal year that ended in Dec. 2020 is calculated as

Equity to Asset (A: Dec. 2020 )	=	Total Stockholders Equity	/	Total Assets
	=	60.711	/	644.587
	=	0.09

Elmiravings Bank Elmira NY's Equity to Asset Ratio for the quarter that ended in Dec. 2020 is calculated as

Equity to Asset (Q: Dec. 2020 )	=	Total Stockholders Equity	/	Total Assets
	=	60.711	/	644.587
	=	0.09

Elmiravings Bank Elmira NY (NAS:ESBK) Equity-to-Asset Explanation

Equity to Asset ratio can vary greatly across different industries, as they have different capital structure. A company with smaller Equity to Asset ratio (more leveraged) may have higher ROE % because of the leverage.

For banks, the required minimum Equity to Asset ratio by regulation is 5%. Some stronger banks may have Equity to Asset Ratio of more than 10%.

Elmiravings Bank Elmira NY Equity-to-Asset Related Terms

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Elmiravings Bank Elmira NY (Elmiravings Bank Elmira NY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Elmira Savings Bank Elmira NY (NAS:ESBK) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

333 East Water Street, Elmira, NY, USA, 14901

Website

https://www.elmirasavingsbank.com

Elmira Savings Bank Elmira NY is primarily engaged in the business of attracting deposits from the general public and originating mortgage loans secured by first and second liens on one-to-four family residences; consumer loans on automobiles; general consumer loans; commercial real estate loans; and commercial loans. The bank offers a wide variety of services to its individual and commercial customers including savings and money market accounts; certificates of deposit; loans; online banking; mobile banking, and debit cards. Its other banking services include checking; commercial lending; merchant services; other services, such as overdraft protection, safe deposit boxes, notary public and telephone banking.