First National (First National) Scaled Net Operating Assets : -0.04 (As of Dec. 2023)

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What is First National 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 National's operating assets for the quarter that ended in Dec. 2023 was $1,179.28 Mil. First National's operating liabilities for the quarter that ended in Dec. 2023 was $1,238.75 Mil. First National's Total Assets for the quarter that ended in Sep. 2023 was $1,366.22 Mil. Therefore, First National's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2023 was -0.04.

First National 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 National's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2023 is calculated as

	Scaled Net Operating Assets (SNOA)		(A: Dec. 2023 )
=	(Operating Assets (A: Dec. 2023 )	-	Operating Liabilities (A: Dec. 2023 ))	/	Total Assets (A: Dec. 2022 )
=	(1332.134	-	1238.748)	/	1369.383
=	0.07

where

	Operating Assets		(A: Dec. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	1419.295	-	87.161
=	1332.134

	Operating Liabilities		(A: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	1303.024	-	14.276	-	50
=	1238.748

First National's Scaled Net Operating Assets (SNOA) for the quarter that ended in Dec. 2023 is calculated as

	Scaled Net Operating Assets (SNOA)		(Q: Dec. 2023 )
=	(Operating Assets (Q: Dec. 2023 )	-	Operating Liabilities (Q: Dec. 2023 ))	/	Total Assets (Q: Sep. 2023 )
=	(1179.277	-	1238.748)	/	1366.22
=	-0.04

where

	Operating Assets		(Q: Dec. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	1419.295	-	240.018
=	1179.277

	Operating Liabilities		(Q: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	1303.024	-	14.276	-	50
=	1238.748

* 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.

First National Scaled Net Operating Assets Related Terms

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First National (First National) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » First National Corp (NAS:FXNC) » Definitions » Scaled Net Operating Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

112 West King Street, Strasburg, VA, USA, 22657

Website

https://www.fbvirginia.com

First National Corp is a bank holding company of First Bank, which is a commercial bank. Its core offering includes loans, deposits, wealth management, and other products and services. Loan products and services include personal loans, residential mortgages, home equity loans, and commercial loans. Deposit products and services include checking and savings. The Bank's wealth management division offers estate planning, investment management of assets, and retirement accounts.

Executives

Smith Gerald F Jr	director	112 W KING ST, STRASBURG VA 22657
Holt George Edwin Iii	director	112 WEST KING STREET, STRASBURG VA 22657
Wilkins Iii James R	director	112 W KING ST, STRASBURG VA 22657
Kirtesh Patel	director	112 WEST KING STREET, STRASBURG VA 22657
Scott C Harvard	director, officer: President/CEO	112 W KING ST, STRASBURG VA 22657
Boyce E Brannock	director	112 WEST KING STREET, STRASBURG VA 22657
C Ray Sprinkle	director	112 WEST KING STREET, STRASBURG VA 22657
Jason C Aikens	director	112 WEST KING STREET, STRASBURG VA 22657
William Michael Funk	director	443 SHENWOOD AVE, WOODSTOCK VA 22664-1956
Dennis A Dysart	officer: Senior EVP/CCO	112 WEST KING STREET, STRASBURG VA 22657
Beverley Jr Marshall J	officer: EVP-Senior Trust Officer	112 W KING STREET, STRASBURG VA 22657
James C Youngblood	officer: EVP/SENIOR LENDING OFFICER	112 WEST KING STREET, STRASBURG VA 22657-2220
Emily Marlow Beck	director	311 S STEWART ST, WINCHESTER VA 22601-4016
Crow Samuel J Jr.	officer: EVP / CCO	112 W KING ST, STRASBURG VA 22657
Davis Dr James A	director	112 WEST KING STREET, STRASBURG VA 22657