First South Bancorp (First South Bancorp) Scaled Net Operating Assets : 0.06 (As of Sep. 2017)

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What is First South Bancorp Scaled Net Operating Assets?

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

First South Bancorp's operating assets for the quarter that ended in Sep. 2017 was $1,016.65 Mil. First South Bancorp's operating liabilities for the quarter that ended in Sep. 2017 was $952.06 Mil. First South Bancorp's Total Assets for the quarter that ended in Jun. 2017 was $1,061.38 Mil. Therefore, First South Bancorp's scaled net operating assets (SNOA) for the quarter that ended in Sep. 2017 was 0.06.

First South Bancorp Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

First South Bancorp's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2016 is calculated as

	Scaled Net Operating Assets (SNOA)		(A: Dec. 2016 )
=	(Operating Assets (A: Dec. 2016 )	-	Operating Liabilities (A: Dec. 2016 ))	/	Total Assets (A: Dec. 2015 )
=	(944.526	-	876.208)	/	946.283
=	0.07

where

	Operating Assets		(A: Dec. 2016 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	990.702	-	46.176
=	944.526

	Operating Liabilities		(A: Dec. 2016 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	903.518	-	27.31	-	0
=	876.208

First South Bancorp's Scaled Net Operating Assets (SNOA) for the quarter that ended in Sep. 2017 is calculated as

	Scaled Net Operating Assets (SNOA)		(Q: Sep. 2017 )
=	(Operating Assets (Q: Sep. 2017 )	-	Operating Liabilities (Q: Sep. 2017 ))	/	Total Assets (Q: Jun. 2017 )
=	(1016.653	-	952.062)	/	1061.379
=	0.06

where

	Operating Assets		(Q: Sep. 2017 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	1073.48	-	56.827
=	1016.653

	Operating Liabilities		(Q: Sep. 2017 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	978.872	-	26.81	-	0
=	952.062

* 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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First South Bancorp (First South Bancorp) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » First South Bancorp Inc. (NAS:FSBK) » Definitions » Scaled Net Operating Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.firstsouthnc.com

First South Bancorp Inc is a bank holding company. The bank has one significant operating segment, Commercial Banking Services. The bank provides both personal and business online banking services. The bank's principal business consists of attracting deposits from the general public and investing these funds in commercial real estate loans, commercial and industrial business loans, equipment leases, consumer loans and loans secured by first and second mortgages on owner-occupied, single-family residences in its market area.

Executives

William L Wall

officer: Secretary

1131 CAROLINA AVE, WASHINGTON NC 27889