Grayson Bankshares (Grayson Bankshares) Scaled Net Operating Assets : 0.10 (As of Dec. 2011)

View and export this data going back to . Start your Free Trial

What is Grayson Bankshares 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.

Grayson Bankshares's operating assets for the quarter that ended in Dec. 2011 was $334.83 Mil. Grayson Bankshares's operating liabilities for the quarter that ended in Dec. 2011 was $298.04 Mil. Grayson Bankshares's Total Assets for the quarter that ended in Dec. 2010 was $368.22 Mil. Therefore, Grayson Bankshares's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2011 was 0.10.

Grayson Bankshares 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.

Grayson Bankshares's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2011 is calculated as

	Scaled Net Operating Assets (SNOA)		(A: Dec. 2011 )
=	(Operating Assets (A: Dec. 2011 )	-	Operating Liabilities (A: Dec. 2011 ))	/	Total Assets (A: Dec. 2010 )
=	(334.825	-	298.043)	/	368.217
=	0.10

where

	Operating Assets		(A: Dec. 2011 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	346.383	-	11.558
=	334.825

	Operating Liabilities		(A: Dec. 2011 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	318.043	-	20	-	0
=	298.043

Grayson Bankshares's Scaled Net Operating Assets (SNOA) for the quarter that ended in Dec. 2011 is calculated as

	Scaled Net Operating Assets (SNOA)		(Q: Dec. 2011 )
=	(Operating Assets (Q: Dec. 2011 )	-	Operating Liabilities (Q: Dec. 2011 ))	/	Total Assets (Q: Dec. 2010 )
=	(334.825	-	298.043)	/	368.217
=	0.10

where

	Operating Assets		(Q: Dec. 2011 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	346.383	-	11.558
=	334.825

	Operating Liabilities		(Q: Dec. 2011 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	318.043	-	20	-	0
=	298.043

* 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.

Grayson Bankshares Scaled Net Operating Assets Related Terms

Thank you for viewing the detailed overview of Grayson Bankshares's Scaled Net Operating Assets provided by GuruFocus.com. Please click on the following links to see related term pages.

Grayson Bankshares (Grayson Bankshares) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Grayson Bankshares Inc (OTCPK:GSON) » Definitions » Scaled Net Operating Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

Grayson Bankshares, Inc. was incorporated as a Virginia corporation on February 3, 1992. It is a bank holding company for The Grayson National Bank (the Bank). National Bank currently serves Grayson County and surrounding areas through ten banking offices located in the towns of Independence, Hillsville and Wytheville, the localities of Elk Creek, Troutdale and Whitetop, the City of Galax, and Carroll County, Virginia, and the Town of Sparta, North Carolina. The Bank operates for the primary purpose of meeting the banking needs of individuals and small to medium sized businesses in the Bank's service area, while developing personal, hometown associations with these customers. The Bank offers a wide range of banking services including checking and savings accounts; commercial, installment, mortgage and personal loans; credit and debit cards; internet banking and online bill paying; safe deposit boxes; and other associated services. The Bank's primary sources of revenue are interest income from its lending activities, and, to a lesser extent, from its investment portfolio. The Bank also earns fees from lending and deposit activities. The major expenses of the Bank are interest on deposit accounts and general and administrative expenses, such as salaries, occupancy and related expenses. The Bank's lending services include real estate, commercial, agricultural and consumer loans. The Bank invests a portion of its assets in U.S. Treasury, U.S. Government agency and U.S. Government sponsored enterprise securities, state, county and municipal obligations, and equity securities. Deposits are the major source of funds for lending and other investment activities. The Bank considers the majority of its regular savings, demand, NOW and money market deposits and small denomination certificates of deposit to be core deposits. The Company's market area consists primarily of the Counties of Grayson, Carroll and Wythe, and the independent city of Galax, in Virginia, as well as Alleghany County in North Carolina. As a bank holding company, the Company is subject to regulation under the Bank Holding Company Act of 1956 (BHCA) and the examination and reporting requirements of the Federal Reserve.