Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Greer Bancshares's Total Stockholders Equity for the quarter that ended in Sep. 2015 was $23.70 Mil. Greer Bancshares's Total Assets for the quarter that ended in Sep. 2015 was $371.64 Mil.
Therefore, Greer Bancshares's Equity to Asset Ratio for the quarter that ended in Sep. 2015 was 0.06.
The historical rank and industry rank for Greer Bancshares's Equity-to-Asset or its related term are showing as below:
GRBS's Equity-to-Asset is not ranked *
in the Banks industry.
Industry Median: 0.09 * Ranked among companies with meaningful Equity-to-Asset only.
Greer Bancshares Equity-to-Asset Historical Data
The historical data trend for Greer Bancshares'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.
Competitive Comparison of Greer Bancshares's Equity-to-Asset
For the Banks - Regional subindustry, Greer Bancshares'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.
Greer Bancshares's Equity-to-Asset Distribution in the Banks Industry
For the Banks industry and Financial Services sector, Greer Bancshares's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Greer Bancshares's Equity-to-Asset falls into.
Greer Bancshares 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.
Greer Bancshares's Equity to Asset Ratio for the fiscal year that ended in Dec. 2013 is calculated as
* 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.
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%.
Greer Bancshares Equity-to-Asset Related Terms
Thank you for viewing the detailed overview of Greer Bancshares's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Greer Bancshares (Greer Bancshares) Business Description
Greer Bancshares Inc was formed in July 2001 as a one-bank holding company for Greer State Bank. The Company holds its investment in its banking subsidiary. The Company offers banking services through its subsidiary, including checking, savings, brokered deposits and other time deposits of various types, loans for business, real estate, personal use, home improvements, automobiles and a number of other types of loans and services. In addition, drive-up, safe deposit and night depository facilities are offered. The Bank solicits deposit accounts from individuals, businesses, associations and organizations and governmental authorities. The Bank's deposits consist of retail checking accounts, NOW accounts, money market accounts, retail savings accounts and certificates of deposit. These deposits, along with short-term borrowings, long-term borrowings, and brokered deposits, are used to support its asset base. The Bank makes and services both secured and unsecured loans to individuals and businesses in its market area. The Bank strives for a balanced mix of consumer lending, commercial lending to small and medium-sized businesses and mortgage lending, both consumer and commercial. The Bank's portfolio consists of commercial, commercial real estate, real estate construction, residential mortgage, consumer installment loans and other consumer loans, as well as a small amount of lease financings and obligations of state and political subdivisions. Other banking services provided include travelers' checks, safe deposit boxes, direct deposit of payroll and social security checks, as well as automatic drafts for various accounts. It also offers, functional and user friendly internet online banking and cash management services. The Company competes with several banks which dominate the commercial banking industry in its service areas. In addition, it also competes with other community banks, savings institutions and credit unions. Both the Company and the Bank are subject to state and federal banking laws and regulations, which impose specific requirements or restrictions on and provide for general regulatory oversight of virtually all aspects of operations.
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