Northrim BanCorp (FRA:NRI) Scaled Net Operating Assets : -0.14 (As of Mar. 2024)

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What is Northrim BanCorp 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.

Northrim BanCorp's operating assets for the quarter that ended in Mar. 2024 was €1,919.8 Mil. Northrim BanCorp's operating liabilities for the quarter that ended in Mar. 2024 was €2,288.5 Mil. Northrim BanCorp's Total Assets for the quarter that ended in Dec. 2023 was €2,574.5 Mil. Therefore, Northrim BanCorp's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2024 was -0.14.

Northrim BanCorp 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.

Northrim BanCorp's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2023 is calculated as

	Scaled Net Operating Assets (SNOA)		(A: Dec. 2023 )
=	(Operating Assets (A: Dec. 2023 )	-	Operating Liabilities (A: Dec. 2023 ))	/	Total Assets (A: Dec. 2022 )
=	(2465.783	-	2328.906)	/	2524.556
=	0.05

where

	Operating Assets		(A: Dec. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	2574.475	-	108.692
=	2465.783

	Operating Liabilities		(A: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	2359.238	-	30.332	-	0
=	2328.906

Northrim BanCorp's Scaled Net Operating Assets (SNOA) for the quarter that ended in Mar. 2024 is calculated as

	Scaled Net Operating Assets (SNOA)		(Q: Mar. 2024 )
=	(Operating Assets (Q: Mar. 2024 )	-	Operating Liabilities (Q: Mar. 2024 ))	/	Total Assets (Q: Dec. 2023 )
=	(1919.779	-	2288.472)	/	2574.475
=	-0.14

where

	Operating Assets		(Q: Mar. 2024 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	2538.795	-	619.016
=	1919.779

	Operating Liabilities		(Q: Mar. 2024 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	2318.614	-	30.142	-	0
=	2288.472

* 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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Northrim BanCorp (FRA:NRI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Northrim BanCorp Inc (FRA:NRI) » Definitions » Scaled Net Operating Assets

Comparable Companies

Traded in Other Exchanges

NRIM:USA

Address

3111 C Street, Anchorage, AK, USA, 99503

Website

https://www.northrim.com

Northrim BanCorp Inc is a bank holding company. The company operates in two segments: Community Banking and Home Mortgage Lending. It generates maximum revenue from the Community Banking segment. It offers to spend and save products such as checking, savings, money market accounts, debit cards, cashback rewards, and credit cards. It also includes loans and credit lines, mortgage loans, investment, and plan products.