Elmiravings Bank Elmira NY (Elmiravings Bank Elmira NY) Total Assets : $644.59 Mil (As of Dec. 2020)

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What is Elmiravings Bank Elmira NY Total Assets?

Elmiravings Bank Elmira NY's Total Assets for the quarter that ended in Dec. 2020 was $644.59 Mil.

During the past 12 months, Elmiravings Bank Elmira NY's average Total Assets Growth Rate was -5.70% per year. During the past 3 years, the average Total Assets Growth Rate was 1.70% per year. During the past 5 years, the average Total Assets Growth Rate was 2.20% per year. During the past 10 years, the average Total Assets Growth Rate was 3.20% per year.

During the past 13 years, Elmiravings Bank Elmira NY's highest 3-Year average Total Assets Growth Rate was 13.30%. The lowest was -6.20%. And the median was 4.30%.

Total Assets is connected with ROA %. Elmiravings Bank Elmira NY's annualized ROA % for the quarter that ended in Dec. 2020 was 0.66%. Total Assets is also linked to Revenue through Asset Turnover. Elmiravings Bank Elmira NY's Asset Turnover for the quarter that ended in Dec. 2020 was 0.04.

Elmiravings Bank Elmira NY Total Assets Historical Data

The historical data trend for Elmiravings Bank Elmira NY'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.

* Premium members only.

Elmiravings Bank Elmira NY Total Assets Chart

Elmiravings Bank Elmira NY Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Total Assets

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573.45

554.56

590.04

606.83

644.59

Elmiravings Bank Elmira NY Semi-Annual Data
	Dec01	Dec02	Dec03	Dec04	Dec05	Dec06	Dec07	Dec08	Dec09	Dec10	Dec11	Dec12	Dec13	Dec14	Dec15	Dec16	Dec17	Dec18	Dec19	Dec20
Total Assets	Get a 7-Day Free Trial															573.45	554.56	590.04	606.83	644.59

Elmiravings Bank Elmira NY 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.

Elmiravings Bank Elmira NY's Total Assets for the fiscal year that ended in Dec. 2020 is calculated as

Total Assets	=	Total Equity (A: Dec. 2020 )	+	Total Liabilities (A: Dec. 2020 )
	=	60.761	+	583.826
	=	644.59

Elmiravings Bank Elmira NY's Total Assets for the quarter that ended in Dec. 2020 is calculated as

Total Assets	=	Total Equity (Q: Dec. 2020 )	+	Total Liabilities (Q: Dec. 2020 )
	=	60.761	+	583.826
	=	644.59

Elmiravings Bank Elmira NY (NAS:ESBK) Total Assets Explanation

Total Assets is connected with ROA %.

Elmiravings Bank Elmira NY's annualized ROA % for the quarter that ended in Dec. 2020 is

ROA %	=	Net Income (Q: Dec. 2020 )	/	( (Total Assets (Q: Dec. 2019 )	+	Total Assets (Q: Dec. 2020 ))	/ count )
	=	4.159	/	( (606.829	+	644.587)	/ 2 )
	=	4.159	/	625.708
	=	0.66 %

Note: The Net Income data used here is one times the annual (Dec. 2020) 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.

Elmiravings Bank Elmira NY's Asset Turnover for the quarter that ended in Dec. 2020 is

	Asset Turnover
=	Revenue (Q: Dec. 2020 )	/	( (Total Assets (Q: Dec. 2019 )	+	Total Assets (Q: Dec. 2020 ))	/ count )
=	23.799	/	( (606.829	+	644.587)	/ 2 )
=	23.799	/	625.708
=	0.04

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.

Elmiravings Bank Elmira NY Total Assets Related Terms

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Elmiravings Bank Elmira NY (Elmiravings Bank Elmira NY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Elmira Savings Bank Elmira NY (NAS:ESBK) » Definitions » Total Assets

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Address

333 East Water Street, Elmira, NY, USA, 14901

Website

https://www.elmirasavingsbank.com

Elmira Savings Bank Elmira NY is primarily engaged in the business of attracting deposits from the general public and originating mortgage loans secured by first and second liens on one-to-four family residences; consumer loans on automobiles; general consumer loans; commercial real estate loans; and commercial loans. The bank offers a wide variety of services to its individual and commercial customers including savings and money market accounts; certificates of deposit; loans; online banking; mobile banking, and debit cards. Its other banking services include checking; commercial lending; merchant services; other services, such as overdraft protection, safe deposit boxes, notary public and telephone banking.