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Merchants & Marine Bancorp (Merchants & Marine Bancorp) Scaled Net Operating Assets : 0.11 (As of Mar. 2024)


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What is Merchants & Marine 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.

Merchants & Marine Bancorp's operating assets for the quarter that ended in Mar. 2024 was $625.76 Mil. Merchants & Marine Bancorp's operating liabilities for the quarter that ended in Mar. 2024 was $549.96 Mil. Merchants & Marine Bancorp's Total Assets for the quarter that ended in Dec. 2023 was $686.16 Mil. Therefore, Merchants & Marine Bancorp's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2024 was 0.11.

Merchants & Marine 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.

Merchants & Marine 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 )
=(614.745-511.825)/686.472
=0.15

where

Operating Assets(A: Dec. 2023 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=686.157 - 71.412
=614.745

Operating Liabilities(A: Dec. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=562.408 - 50.583 - 0
=511.825

Merchants & Marine 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 )
=(625.758-549.955)/686.157
=0.11

where

Operating Assets(Q: Mar. 2024 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=673.06 - 47.302
=625.758

Operating Liabilities(Q: Mar. 2024 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=549.955 - 0 - 0
=549.955

* 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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Merchants & Marine Bancorp (Merchants & Marine Bancorp) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Merchants & Marine Bancorp Inc (OTCPK:MNMB) » Definitions » Scaled Net Operating Assets
Comparable Companies
CIZN UBCP NWPP VBFC SLBK UNIF MSWV FFBW IFHI PFBX CAR:BPV CAR:MVZ.A CAR:BNC NSE:HDFCBANK SHSE:600036 NSE:ICICIBANK SAU:1120 ISX:BBCA XPAR:BNP MIC:SBER
Traded in Other Exchanges
N/A
Address
3118 Pascagoula Street, Pascagoula, MS, USA, 39567
Website
https://www.mandmbank.com
Merchants & Marine Bancorp Inc provides full-service financial banking services to individuals, partnerships, corporations, and governmental agencies. Its deposit products include checking accounts, savings accounts, individual retirement accounts, and certificates of deposit. The bank generates commercial, mortgage, and consumer loans and receives deposits from customers located in Jackson and George Counties in Mississippi and Baldwin County in Alabama.
Executives
Elise Bourgeois officer: Sr VP 3118 PASCAGOULA STREET, PASCAGOULA MS 39567
Martin Regan officer: Senior VP 3118 PASCAGOULA STREET, PASCAGOULA MS 39567
John F Grafe director 3118 PASCAGOULA STREET, PASCAGOULA MS 39567
James M Wheat officer: Senior Vice President 3118 PASCAGOULA STREET, PASCAGOULA MS 39567
Moore Paul H Sr other: Honorary Director 3118 PASCAGOULA STREET, PASCAGOULA MS 39567
Hammond Frank J Iii director 3118 PASCAGOULA STREET, PASCAGOULA MS 39567
St Pe Gerald J director 270 PEACHTREE ST NW BIN 910, ATLANTA GA 30303
O Linwood Grierson officer: Senior Vice President - Securi 3118 PASCAGOULA STREET, PASCAGOULA MS 39567
Gregory Todd Trenchard officer: Senior Vice President 3118 PASCAGOULA STREET, PASCAGOULA MS 39567
Royce Cumbest director, officer: President, Ch of Bd & CEO 3118 PASCAGOULA STREET, PASCAGOULA MS 39567
Jerry L Lee other: Honorary Director 3118 PASCAGOULA STREET, PASCAGOULA MS 39567
Lynda J Gautier director 3118 PASCAGOULA STREET, PASCAGOULA MS 39567
Fox Clarence Henry Jr. officer: Senior Vice President 3118 PASCAGOULA STREET, PASCAGOULA MS 39567
Herman E Smith officer: Senior Vice President 3118 PASCAGOULA STREET, PASCAGOULA MS 39567
Scott B Lemon other: Advisor 3118 PASCAGOULA STREET, PASCAGOULA MS 39567