Independence Bancshares (Independence Bancshares) Scaled Net Operating Assets : -0.00 (As of Sep. 2017)

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What is Independence Bancshares 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.

Independence Bancshares's operating assets for the quarter that ended in Sep. 2017 was $73.18 Mil. Independence Bancshares's operating liabilities for the quarter that ended in Sep. 2017 was $73.44 Mil. Independence Bancshares's Total Assets for the quarter that ended in Jun. 2017 was $89.78 Mil. Therefore, Independence Bancshares's scaled net operating assets (SNOA) for the quarter that ended in Sep. 2017 was -0.00.

Independence Bancshares 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.

Independence Bancshares'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 )
=	(75.317	-	80.505)	/	97.467
=	-0.05

where

	Operating Assets		(A: Dec. 2016 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	90.449	-	15.132
=	75.317

	Operating Liabilities		(A: Dec. 2016 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	80.505	-	0	-	0
=	80.505

Independence Bancshares'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 )
=	(73.179	-	73.442)	/	89.784
=	-0.00

where

	Operating Assets		(Q: Sep. 2017 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	86.173	-	12.994
=	73.179

	Operating Liabilities		(Q: Sep. 2017 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	77.442	-	4	-	0
=	73.442

* 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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Independence Bancshares (Independence Bancshares) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Independence Bancshares Inc (OTCPK:IEBS) » Definitions » Scaled Net Operating Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.independencenb.com

Independence Bancshares Inc is a holding company for Independence National Bank. The company operates through four segments: Community Banking, Transaction Services, Asset Management and Parent Only. Most of its revenue is derived from the Community Banking segment. The bank is engaged in the business of banking and providing services related to banking, including accepting demand deposits and saving deposits and providing commercial, consumer and mortgage loans.

Executives

Robert B Willumstad	director	CITIGROUP INC/CORP LAW DEPT, 425 PARK AVE 2ND FL, NEW YORK NY 10043
Adam Gabriel Hurwich	director	C/O FIRST SECURITY GROUP, INC. 531 BROAD STREET CHATTANOOGA TN 37402
Keith Stock	director	1819 A WEST ST ANNAPOLIS MD 21401
Russell Echlov	director	500 E WASHINGTON ST, GREENVILLE SC 29601
Gordon A Baird	director, officer: CHIEF EXECUTIVE OFFICER	C/O ABRDN, 1900 MARKET STREET, SUITE 200, PHILADELPHIA PA 19103
Mclean A A Iii	director	P O BOX 6429, GREENVILLE SC 296066429