First Niles Financial (First Niles Financial) Scaled Net Operating Assets : N/A (As of Jun. 2018)

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What is First Niles Financial 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.

First Niles Financial's operating assets for the quarter that ended in Jun. 2018 was $100.67 Mil. First Niles Financial's operating liabilities for the quarter that ended in Jun. 2018 was $89.19 Mil. First Niles Financial's Total Assets for the quarter that ended in Jun. 2017 was $0.00 Mil. Therefore, First Niles Financial's scaled net operating assets (SNOA) for the quarter that ended in Jun. 2018 was N/A.

First Niles Financial 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.

First Niles Financial's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2015 is calculated as

	Scaled Net Operating Assets (SNOA)		(A: Dec. 2015 )
=	(Operating Assets (A: Dec. 2015 )	-	Operating Liabilities (A: Dec. 2015 ))	/	Total Assets (A: Dec. 2014 )
=	(92.689	-	59.865)	/	96.437
=	0.34

where

	Operating Assets		(A: Dec. 2015 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	98.472	-	5.783
=	92.689

	Operating Liabilities		(A: Dec. 2015 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	86.365	-	26.5	-	0
=	59.865

First Niles Financial's Scaled Net Operating Assets (SNOA) for the quarter that ended in Jun. 2018 is calculated as

	Scaled Net Operating Assets (SNOA)		(Q: Jun. 2018 )
=	(Operating Assets (Q: Jun. 2018 )	-	Operating Liabilities (Q: Jun. 2018 ))	/	Total Assets (Q: Jun. 2017 )
=	(100.665	-	89.192)	/	0
=	N/A

where

	Operating Assets		(Q: Jun. 2018 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	100.665	-	0
=	100.665

	Operating Liabilities		(Q: Jun. 2018 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	89.192	-	0	-	0
=	89.192

* 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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First Niles Financial (First Niles Financial) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

N/A

Address

55 North Main Street, P.O. Box 311, Niles, OH, USA, 44446-0311

Website

https://www.homefedniles.com

First Niles Financial Inc is a unitary, non-diversified holding company. It conducts a general banking business in Niles, Ohio, which consists of attracting deposits from the general public and applying those funds to the origination of loans for residential, commercial, and consumer purposes. The primary sources of revenue for the company are from interest and dividend income on loans and securities along with noninterest revenue resulting from investment security gains, loan servicing, gains on the sale of loans, commitment fees, fees from financial guarantees, certain credit cards fees, and income on bank-owned life insurance.