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BankFlorida Bancorp (BankFlorida Bancorp) Total Assets : $369.49 Mil (As of Mar. 2024)


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What is BankFlorida Bancorp Total Assets?

BankFlorida Bancorp's Total Assets for the quarter that ended in Mar. 2024 was $369.49 Mil.

During the past 12 months, BankFlorida Bancorp's average Total Assets Growth Rate was 3.40% per year.

Total Assets is connected with ROA %. BankFlorida Bancorp's annualized ROA % for the quarter that ended in Mar. 2024 was 0.23%. Total Assets is also linked to Revenue through Asset Turnover. BankFlorida Bancorp's Asset Turnover for the quarter that ended in Mar. 2024 was 0.01.


BankFlorida Bancorp Total Assets Historical Data

The historical data trend for BankFlorida Bancorp's Total Assets can be seen below:

* 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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BankFlorida Bancorp Total Assets Chart

BankFlorida Bancorp Annual Data
Trend Dec21 Dec22 Dec23
Total Assets
271.67 322.18 321.70

BankFlorida Bancorp Quarterly Data
Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Total Assets Get a 7-Day Free Trial Premium Member Only Premium Member Only 300.02 312.13 323.77 321.70 369.49

BankFlorida Bancorp Total Assets Calculation

Total Assets are all the assets a company owns.

From the capital sources of the assets, some of the assets are funded through shareholder's paid in capital and retained earnings of the business. Others are funded through borrowed money.

BankFlorida Bancorp's Total Assets for the fiscal year that ended in Dec. 2023 is calculated as

Total Assets=Total Equity (A: Dec. 2023 )+Total Liabilities (A: Dec. 2023 )
=31.481+290.221
=321.70

BankFlorida Bancorp's Total Assets for the quarter that ended in Mar. 2024 is calculated as

Total Assets=Total Equity (Q: Mar. 2024 )+Total Liabilities (Q: Mar. 2024 )
=31.522+337.971
=369.49

* 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.


BankFlorida Bancorp  (OTCPK:BKFL) Total Assets Explanation

Total Assets is connected with ROA %.

BankFlorida Bancorp's annualized ROA % for the quarter that ended in Mar. 2024 is

ROA %=Net Income (Q: Mar. 2024 )/( (Total Assets (Q: Dec. 2023 )+Total Assets (Q: Mar. 2024 ))/ count )
=0.788/( (321.702+369.493)/ 2 )
=0.788/345.5975
=0.23 %

Note: The Net Income data used here is four times the quarterly (Mar. 2024) data.

In the article Joining The Dark Side: Pirates, Spies and Short Sellers, James Montier reported that In their US sample covering the period 1968-2003, Cooper et al find that firms with low asset growth outperformed firms with high asset growth by an astounding 20% p.a. equally weighted. Even when controlling for market, size and style, low asset growth firms outperformed high asset growth firms by 13% p.a. Therefore a company with fast asset growth may underperform.

Total Assets is linked to total revenue through Asset Turnover.

BankFlorida Bancorp's Asset Turnover for the quarter that ended in Mar. 2024 is

Asset Turnover
=Revenue (Q: Mar. 2024 )/( (Total Assets (Q: Dec. 2023 )+Total Assets (Q: Mar. 2024 ))/ count )
=2.459/( (321.702+369.493)/ 2 )
=2.459/345.5975
=0.01

* 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.

Therefore, if a company grows its Total Assets faster than its Revenue, the Asset Turnover will decline. This might be a warning sign for the business.

BankFlorida Bancorp Total Assets Related Terms

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BankFlorida Bancorp (BankFlorida Bancorp) Business Description

Traded in Other Exchanges
N/A
Address
12612 U.S. Highway 301, Dade, FL, USA, 33525
BankFlorida Bancorp Inc serves customers and communities by providing superior banking services. It offers personal, commercial, residential mortgage, wealth solutions and various others services.

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