Cheviot Financial (Cheviot Financial) Intangible Assets : $10.56 Mil (As of Mar. 2016)

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What is Cheviot Financial Intangible Assets?

Intangible assets are defined as identifiable non-monetary assets that cannot be seen, touched or physically measured. Cheviot Financial's intangible assets for the quarter that ended in Mar. 2016 was $10.56 Mil.

Cheviot Financial Intangible Assets Historical Data

The historical data trend for Cheviot Financial's Intangible Assets 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.

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Cheviot Financial Intangible Assets Chart

Cheviot Financial Annual Data

Trend

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Intangible Assets

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11.34

11.06

10.85

10.70

10.58

Cheviot Financial Quarterly Data
	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16
Intangible Assets	Get a 7-Day Free Trial															10.67	10.64	10.61	10.58	10.56

Cheviot Financial Intangible Assets Calculation

Intangible assets are defined as identifiable non-monetary assets that cannot be seen, touched or physically measured. Examples of intangible assets include trade secrets, copyrights, patents, trademarks. If a company acquires assets at the prices above the book value, it may carry goodwill on its balance sheet. Goodwill reflects the difference between the price the company paid and the book value of the assets.

Cheviot Financial (NAS:CHEV) Intangible Assets Explanation

If a company (company A) received a patent through their own work, though it has value, it does not show up on its balance sheet as an intangible asset. However, if company A sells this patent to company B, it will show up on company B's balance sheet as an intangible asset.

The same applies to brand names, trade secrets etc. For instance, Coca-Cola's brand is extremely valuable, but the brand does not appear on its balance sheet, because the brand was never acquired.

Some intangibles are amortized. Amortization is the depreciation of intangible assets.

Many intangibles are not amortized. They may still be written down when the company decides the asset is impaired.

Whenever you see an increase in goodwill over a number of years, you can assume it's because the company is out buying other businesses above book value. GOOD if buying businesses with durable competitive advantage.

If goodwill stays the same, the company when acquiring other companies is either paying less than book value or not acquiring. Businesses with moats never sell for less than book value.

Intangibles acquired are on balance sheet at fair value.

Internally developed brand names (Coke, Wrigleys, Band-Aid) however are not reflected on the balance sheet.

One of the reasons competitive advantage power can remain hidden for so long.

Be Aware

Companies may change the way intangible assets are amortized, and this will affect their reported earnings.

Cheviot Financial Intangible Assets Related Terms

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Cheviot Financial (Cheviot Financial) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Cheviot Financial Corp (NAS:CHEV) » Definitions » Intangible Assets

Comparable Companies

Traded in Other Exchanges

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Address

Website

http://www.cheviotsavings.com

Cheviot Financial Corp is incorporated in Maryland. It is a financial holding Company for Cheviot Savings Bank, which is a stock savings and loan association in Ohio. The business of Cheviot Financial Corp., consists of holding all of the outstanding common stock of Cheviot Savings Bank. The bank originates one- to four-family real estate loans, in addition to construction, multi-family, commercial real estate, and consumer loans. It also invests in United States Government Agency and mortgage-backed securities, among others. The Company conducts its operations from executive office in Cheviot, Ohio and 11 full-service branches, all of which are located in Hamilton County, Ohio. Hamilton County, Ohio represents its primary geographic market area for loans and deposits with its remaining business operations conducted in the larger Cincinnati metropolitan area which includes Warren, Butler and Clermont Counties. It also conducts a moderate level of business in the southeastern Indiana region, mainly in Dearborn, Ripley, Franklin and Ohio Counties. The Company also originates loans in the northern Kentucky region secured by properties in Campbell, Kenton and Boone Counties. It faces significant competition within its market both in making loans and attracting deposits. The Company is subject to regulation and supervision by the Federal Reserve Board, which replaced the Office of Thrift Supervision in that capacity due to the Dodd-Frank Act regulatory restructuring.

Executives

Mark T. Reitzes	director, officer: President and CEO	3723 GLENMORE AVENUE, CHEVIOT OH 45211
Patricia L. Walter	officer: SVP Finance	6415 BRIDGETOWN ROAD, CHEVIOT OH 45248