Penns Woods Bancorp (Penns Woods Bancorp) Intangible Assets

: $16.66 Mil (As of Dec. 2023)

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Intangible assets are defined as identifiable non-monetary assets that cannot be seen, touched or physically measured. Penns Woods Bancorp's intangible assets for the quarter that ended in Dec. 2023 was $16.66 Mil.

Penns Woods Bancorp Intangible Assets Historical Data

The historical data trend for Penns Woods Bancorp's Intangible 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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Penns Woods Bancorp Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Intangible Assets

18.00

17.78

17.58

16.78

16.66

Penns Woods Bancorp Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Intangible Assets																16.78	16.74	16.71	16.69	16.66

Penns Woods Bancorp Intangible Assets Calculation

Intangible assets are defined as identifiable non-monetary assets that cannot be seen, touched or physically measured. Examples of intangible assets include trade secrets, copyrights, patents, trademarks. If a company acquires assets at the prices above the book value, it may carry goodwill on its balance sheet. Goodwill reflects the difference between the price the company paid and the book value of the assets.

Penns Woods Bancorp (NAS:PWOD) Intangible Assets Explanation

If a company (company A) received a patent through their own work, though it has value, it does not show up on its balance sheet as an intangible asset. However, if company A sells this patent to company B, it will show up on company B's balance sheet as an intangible asset.

The same applies to brand names, trade secrets etc. For instance, Coca-Cola's brand is extremely valuable, but the brand does not appear on its balance sheet, because the brand was never acquired.

Some intangibles are amortized. Amortization is the depreciation of intangible assets.

Many intangibles are not amortized. They may still be written down when the company decides the asset is impaired.

Whenever you see an increase in goodwill over a number of years, you can assume it's because the company is out buying other businesses above book value. GOOD if buying businesses with durable competitive advantage.

If goodwill stays the same, the company when acquiring other companies is either paying less than book value or not acquiring. Businesses with moats never sell for less than book value.

Intangibles acquired are on balance sheet at fair value.

Internally developed brand names (Coke, Wrigleys, Band-Aid) however are not reflected on the balance sheet.

One of the reasons competitive advantage power can remain hidden for so long.

Be Aware

Companies may change the way intangible assets are amortized, and this will affect their reported earnings.

Penns Woods Bancorp Intangible Assets Related Terms

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Penns Woods Bancorp (Penns Woods Bancorp) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Penns Woods Bancorp Inc (NAS:PWOD) » Definitions » Intangible Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

300 Market Street, P.O. Box 967, Williamsport, PA, USA, 17703-0967

Website

https://www.pwod.com

Penns Woods Bancorp Inc is the bank holding company for Jersey Shore State Bank and Luzerne Bank. The banks serve customers in North Central and North Eastern Pennsylvania through their retail banking, commercial banking, mortgage services and financial services divisions. The Banks are engaged in commercial and retail banking which includes the acceptance of time, savings, and demand deposits, the funding of commercial, consumer, and mortgage loans, and safe deposit services. Utilizing a branch office network, ATMs, Internet, and telephone banking delivery channels, the Banks deliver their products and services to the communities residing in.

Executives

Charles E. Kranich	director	1025 GREENBRIAR DRIVE, STATE COLLEGE PA 16801-6936
William Edwards	director	885 SHADE HOLLOW ROAD, MILL HALL PA 17751
Cameron Kephart	director	300 MARKET STREET, P.O. BOX 967, WILLIAMSPORT PA 17703
Daniel K. Brewer	director	23 LONG VIEW DRIVE, BLOOMSBURG PA 17815
Richard A Grafmyre	director, officer: President and CEO	115 SKYWARD DRIVE, DANVILLE PA 17821
Brian L Knepp	officer: VP of Finance/Asst. Secretary	ONE STRAWBERRY LANE, MIDDLEBURG PA 17842
Jack W. Jones	officer: CBO	300 MARKET STREET, P. O. BOX 967, WILLIAMSPORT PA 17703
Robert Neher	officer: President Luzerne Bank	300 MARKET STREET, P.O. BOX 967, WILLIAMSPORT PA 17703
Furey James M Ii	director	299 LEHMAN DRIVE, COGAN STATION PA 17728
Nackley John G Sr	director	559 LAKESIDE DRIVE, HARVEYS LAKE PA 18618
Joseph E Kluger	director	1768 PENNS CROSSING, ALLENTOWN PA 18104
D Michael Hawbaker	director	502 STONECLIFFE PLACE, PORT MATILDA PA 16870
Jill Fortinsky Schwartz	director	857 NANDY DRIVE, KINGSTON PA 18704
Michelle M Karas	officer: Chief Operating Officer	C/O PENNS WOODS BANCORP, INC., 300 MARKET STREET, WILLIAMSPORT PA 17703
Robert Q. Miller	director	534 MUNRO ROAD, MILL HALL PA 17751