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Folsom Lake Bank Ca (Folsom Lake Bank Ca) Financial Strength : 0 (As of Sep. 2007)


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What is Folsom Lake Bank Ca Financial Strength?

Folsom Lake Bank Ca has the Financial Strength Rank of 0.

GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is based on these factors:

1. The debt burden that the company has as measured by its Interest Coverage (current year). The higher, the better.
2. Debt to revenue ratio. The lower, the better.
3. Altman Z-Score.

GuruFocus does not calculate Folsom Lake Bank Ca's interest coverage with the available data. Folsom Lake Bank Ca's debt to revenue ratio for the quarter that ended in Sep. 2007 was 0.17. Altman Z-Score does not apply to banks and insurance companies.


Folsom Lake Bank Ca Financial Strength Calculation

GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is based on these factors

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

1. The debt burden that the company has as measured by its Interest Coverage (current year). The higher, the better.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense:

Folsom Lake Bank Ca's Interest Expense for the months ended in Sep. 2007 was $-0.05 Mil. Its Operating Income for the months ended in Sep. 2007 was $-0.84 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2007 was $0.30 Mil.

Folsom Lake Bank Ca's Interest Coverage for the quarter that ended in Sep. 2007 is

Folsom Lake Bank Ca did not have earnings to cover the interest expense.

The higher the ratio, the stronger the company's financial strength is.

2. Debt to revenue ratio. The lower, the better.

Folsom Lake Bank Ca's Debt to Revenue Ratio for the quarter that ended in Sep. 2007 is

Debt to Revenue Ratio=Total Debt (Q: Sep. 2007 ) / Revenue
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Revenue
=(0 + 0.3) / 1.78
=0.17

3. Altman Z-Score.

Z-Score model is an accurate forecaster of failure up to two years prior to distress. It can be considered the assessment of the distress of industrial corporations.

The zones of discrimination were as such:

When Z-Score is less than 1.81, it is in Distress Zones.
When Z-Score is greater than 2.99, it is in Safe Zones.
When Z-Score is between 1.81 and 2.99, it is in Grey Zones.

Altman Z-Score does not apply to banks and insurance companies.

* 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.


Folsom Lake Bank Ca  (OTCPK:FOLB) Financial Strength Explanation

The maximum rank is 10. Companies with rank 7 or higher will be unlikely to fall into distressed situations. Companies with rank of 3 or less are likely in financial distress.

Folsom Lake Bank Ca has the Financial Strength Rank of 0.


Folsom Lake Bank Ca Financial Strength Related Terms

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Folsom Lake Bank Ca (Folsom Lake Bank Ca) Business Description

Traded in Other Exchanges
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Address
Folsom Lake Bank opened its doors for the first time on April 3, 2007. Folsom Lake Bank is a full service commercial bank offering a complete range of services to consumers and businesses. The bank focuses on small business clients, professionals and individuals in the communities surrounding Folsom Lake. The bank has a full service ATM located in the courtyard along with a merchant depository for after hours deposits. Folsom Lake Bank also offers online banking and bill pay completely free of charge. Because the bank is new, it utilizes the most current products and the latest technology.