Oconee Financial (Oconee Financial) Total Assets : $586.61 Mil (As of Mar. 2024)

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What is Oconee Financial Total Assets?

Oconee Financial's Total Assets for the quarter that ended in Mar. 2024 was $586.61 Mil.

During the past 12 months, Oconee Financial's average Total Assets Growth Rate was 16.10% per year. During the past 3 years, the average Total Assets Growth Rate was 3.20% per year. During the past 5 years, the average Total Assets Growth Rate was 8.70% per year.

During the past 9 years, Oconee Financial's highest 3-Year average Total Assets Growth Rate was 24.60%. The lowest was 3.20%. And the median was 14.20%.

Total Assets is connected with ROA %. Oconee Financial's annualized ROA % for the quarter that ended in Mar. 2024 was 0.88%. Total Assets is also linked to Revenue through Asset Turnover. Oconee Financial's Asset Turnover for the quarter that ended in Mar. 2024 was 0.01.

Oconee Financial Total Assets Historical Data

The historical data trend for Oconee Financial'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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Oconee Financial Total Assets Chart

Oconee Financial Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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399.52

494.54

571.14

536.75

589.06

Oconee Financial Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Total Assets	Get a 7-Day Free Trial															526.08	526.22	579.89	589.06	586.61

Oconee Financial 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.

Oconee Financial'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 )
	=	42.311	+	546.747
	=	589.06

Oconee Financial'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 )
	=	43.38	+	543.23
	=	586.61

Oconee Financial (OTCPK:OSBK) Total Assets Explanation

Total Assets is connected with ROA %.

Oconee Financial'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 )
	=	5.164	/	( (589.058	+	586.61)	/ 2 )
	=	5.164	/	587.834
	=	0.88 %

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.

Oconee Financial'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 )
=	6.645	/	( (589.058	+	586.61)	/ 2 )
=	6.645	/	587.834
=	0.01

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.

Oconee Financial Total Assets Related Terms

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Oconee Financial (Oconee Financial) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Oconee Financial Corp (OTCPK:OSBK) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

41 N. Main Street, Watkinsville, GA, USA, 30677

Website

https://www.oconeestatebank.com

Oconee Financial Corp is a United States-based commercial bank. The bank offers personal and business products and services including checking, savings, CDs, loans, mortgages, credit cards, safe deposit boxes, mobile deposits, business loans, and treasury services.

Executives

G Robert Bishop	director	1741 EXPERIMENT STATION ROAD, WATKINSVILLE GA 30677
B Amrey Harden	director, officer: President and CEO	35 NORTH MAIN STREET, P.O. BOX 205, WATKINSVILLE GA 30677
Hale J Albert Sr	director	P.O.BOX 205, WATKINSVILLE GA 30677
Steven Anthony Rogers	officer: Chief Financial Officer	35 NORTH MAIN STREET, PO BOX 205, WATKINSVILLE GA 30677
Virginia S Wells	director, 10 percent owner	OCONEE FINANCIAL CORP, 35 N MAIN ST, WATKINSVILLE GA 30677
Ann B. Powers	director	1051 ROSE CREEK DRIVE, WATKINSVILLE GA 30087
Douglas D Dickens	director	1071 RAYS CHURCH RD, BISHOP GA 30621
Henry C Maxey	director	1181 MAXEY ROAD, BISHOP GA 30621
Jimmy L Christopher	director	P.O. BOX 405, WATKINSVILLE GA 30677
Tom F Wilson	officer: Executive Vice President	OCONEE FINANCIAL CORP, 35 N MAIN ST, WATKINSVILLE GA 30677