Millennium Bankshares (Millennium Bankshares) Scaled Net Operating Assets : 0.23 (As of Sep. 2008)

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What is Millennium Bankshares 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.

Millennium Bankshares's operating assets for the quarter that ended in Sep. 2008 was $314.14 Mil. Millennium Bankshares's operating liabilities for the quarter that ended in Sep. 2008 was $232.51 Mil. Millennium Bankshares's Total Assets for the quarter that ended in Jun. 2008 was $360.14 Mil. Therefore, Millennium Bankshares's scaled net operating assets (SNOA) for the quarter that ended in Sep. 2008 was 0.23.

Millennium Bankshares 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.

Millennium Bankshares's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2007 is calculated as

	Scaled Net Operating Assets (SNOA)		(A: Dec. 2007 )
=	(Operating Assets (A: Dec. 2007 )	-	Operating Liabilities (A: Dec. 2007 ))	/	Total Assets (A: Dec. 2006 )
=	(514.42	-	380.344)	/	591.542
=	0.23

where

	Operating Assets		(A: Dec. 2007 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	518.314	-	3.894
=	514.42

	Operating Liabilities		(A: Dec. 2007 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	479.834	-	99.49	-	0
=	380.344

Millennium Bankshares's Scaled Net Operating Assets (SNOA) for the quarter that ended in Sep. 2008 is calculated as

	Scaled Net Operating Assets (SNOA)		(Q: Sep. 2008 )
=	(Operating Assets (Q: Sep. 2008 )	-	Operating Liabilities (Q: Sep. 2008 ))	/	Total Assets (Q: Jun. 2008 )
=	(314.138	-	232.512)	/	360.14
=	0.23

where

	Operating Assets		(Q: Sep. 2008 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	319.423	-	5.285
=	314.138

	Operating Liabilities		(Q: Sep. 2008 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	292.912	-	60.4	-	0
=	232.512

* 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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Millennium Bankshares (Millennium Bankshares) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Millennium Bankshares Corp (OTCPK:MBVA) » Definitions » Scaled Net Operating Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

1601 Washington Plaza, Reston, VA, USA, 20190

Website

https://www.millenniumbank.com

Millennium Bankshares Corp is a bank holding company. The Company through its bank holding provides commercial, retail and consumer banking services to meet the needs of businesses and consumers in the communities it serves.

Executives

Williams Frank E Jr

other: 9% Ownership

2789-B HARTLAND ROAD, FALLS CHURCH VA 22043