What is Muncy Columbia Financial Probability of Financial Distress (%)?
Probability of Financial Distress (%) measures the probability that a company will go bankrupt in the upcoming year given its current financial position. A higher ratio indicates a larger probability of bankruptcy for the company, while a lower ratio indicates a healthier fundamental. As of today, Muncy Columbia Financial's Probability of Financial Distress (%) is 0.08%.
Like the Altman Z-Score, the PFD measures a company's bankruptcy risk. However, the main drawback of the Z-score is it does not apply to banks and insurance companies. According to Investopedia, the concept of "working capital" does not apply to banks and insurance companies, as financial institutions do not have typical current assets or current liabilities like inventories or accounts payable.
Competitive Comparison of Muncy Columbia Financial's Probability of Financial Distress (%)
For the Banks - Regional subindustry, Muncy Columbia Financial's Probability of Financial Distress (%), along with its competitors' market caps and Probability of Financial Distress (%) data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Muncy Columbia Financial's Probability of Financial Distress (%) Distribution in the Banks Industry
For the Banks industry and Financial Services sector, Muncy Columbia Financial's Probability of Financial Distress (%) distribution charts can be found below:
* The bar in red indicates where Muncy Columbia Financial's Probability of Financial Distress (%) falls into.
Muncy Columbia Financial Probability of Financial Distress (%) Calculation
Probability of Financial Distress (%) (PFD) was developed by John Campbell, Jens Hilscher and Jan Szilagyi in their Search of Distress Risk. It measures the probability that a company will go bankrupt within the next 12 months given its current financial position.
The Probability of Financial Distress (%) was obtained by a logit probability model based on eight explanatory variables. The logit formula to compute the probability of financial distress (LPFD) is given below:
| LPFD | = | -20.12 * NIMTAAVG | + | 1.60 * TLMTA | - | 7.88 * EXRETAVG | + | 1.55 * SIGMA | - | 0.005 * RSIZE | - | 2.27 * CASHMTA | + | 0.070 * MB | - | 0.09 * PRICE | - | 8.87 |
| = | -7.11 |
The Probability of Financial Distress (%) (PFD) was then obtianed by:
| PFD | = | 1 | / | (1 + e^(-LPFD)) | * | 100% |
| = | 0.08% |
The eight explanatory variables are:
1. NIMTAAVG = Net Income to Market Total Assets
*Note that for companies reported quarterly, geometrically declining weighted quarterly Net Income data in latest four quarters are used.
2. TLMTA = Total liabilities to Market Total Assets
3. CASHMTA = Cash to Market Total Assets
For banks, CASHMTA is measured as:
4. EXRETAVG = Excess Return compared to the S&P 500
EXRETAVG is the weighted excess return compared to the S&P 500 in past 12 month. Geometrically declining weights are imposed on the monthly excess return to reflect lagged information. The weight is halved each quarter.
5. SIGMA = Standard Deviation of Daily Returns
For sigma, we use the annualized standard deviation of a company's returns over the past 92 days (or 63 trading days).
6. RSIZE = Relative Size
| RSIZE | = | log (Market Cap | / | Total Market Cap of S&P 500 companies) |
7. MB = Market to Adjusted Book Equity Ratio
8. PRICE
PRICE is measured as the log of the stock price, capped at log(15).
Muncy Columbia Financial Business Description
Traded in Other Exchanges
N/A
Address
232 East Street, Bloomsburg, PA, USA, 17815
Muncy Columbia Financial Corp is a registered financial holding company. It has one subsidiary bank, Journey Bank, which is a full-service commercial bank providing a range of services and products, including time and demand deposit accounts, consumer, commercial and mortgage loans to individuals and small to medium-sized businesses in its Northcentral Pennsylvania market area. The Bank also operates a full-service trust department and offers brokerage services through a third-party networking agreement. It serves individuals, families, nonprofits and business clients throughout Clinton, Columbia, Lycoming, Montour, and Northumberland counties through its branch banking offices.
Executives
| Steven H Shannon |
director |
PO BOX 803, BLOOMSBURG PA 17815 |
| Jeffrey Thomas Arnold |
officer: Treasurer, CFO |
1414 BRUSHY RIDGE ROAD, MONTOURSVILLE PA 17754 |
| Paul K Page |
officer: Senior Vice President |
11 WEST MAIN STREET, BLOOMSBURG PA 17815 |
| Robert W Dillon |
director |
PO BOX 180, BLOOMSBURG PA 17815 |
| Kile Willard H Jr |
director |
|
| Charles B Pursel |
director |
120 WEST MAIN STREET, BLOOMSBURG PA 17815 |
| P Jeffrey Hill |
director |
2204 SHASTA DRIVE, BLOOMSBURG PA 17815 |
| Gittler William F Jr |
director |
PMB 288, SUITE 1, 150 EAST NINTH ST., BLOOMSBURG PA 17815 |
| Shirley K Alters |
officer: Senior Vice President & CFO |
19 APPLE LANE, BLOOMSBURG PA 17815 |
| Glenn E Halterman |
director |
1417 TREELINE DRIVE, BLOOMSBURG PA 17815 |
| Naugle Mary Ann B |
director |
68 VISTA ROAD, BERWICK PA 18603 |
| Joanne I Keenan |
director |
2 BITTERSWEET DRIVE, BLOOMSBURG PA 17815 |
| Andrew B Pruden |
director |
THE INN AT TURKEY HILL, 991 CENTRAL ROAD, BLOOMSBURG PA 17815 |
| Harding Elwood R Jr |
director |
|
| Mcmichael W Bruce Jr |
director |
83 DEER PATH DR, BERWICK PA 18603 |
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