Mechanics Bank (Mechanics Bank) Scaled Net Operating Assets : 0.11 (As of Dec. 2022)

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What is Mechanics Bank 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.

Mechanics Bank's operating assets for the quarter that ended in Dec. 2022 was $17,784.5 Mil. Mechanics Bank's operating liabilities for the quarter that ended in Dec. 2022 was $15,673.4 Mil. Mechanics Bank's Total Assets for the quarter that ended in Dec. 2021 was $19,422.9 Mil. Therefore, Mechanics Bank's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2022 was 0.11.

Mechanics Bank 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.

Mechanics Bank's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2022 is calculated as

	Scaled Net Operating Assets (SNOA)		(A: Dec. 2022 )
=	(Operating Assets (A: Dec. 2022 )	-	Operating Liabilities (A: Dec. 2022 ))	/	Total Assets (A: Dec. 2021 )
=	(17804.065	-	15673.394)	/	19422.86
=	0.11

where

	Operating Assets		(A: Dec. 2022 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	18135.692	-	331.627
=	17804.065

	Operating Liabilities		(A: Dec. 2022 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	16004.412	-	331.018	-	0
=	15673.394

Mechanics Bank's Scaled Net Operating Assets (SNOA) for the quarter that ended in Dec. 2022 is calculated as

	Scaled Net Operating Assets (SNOA)		(Q: Dec. 2022 )
=	(Operating Assets (Q: Dec. 2022 )	-	Operating Liabilities (Q: Dec. 2022 ))	/	Total Assets (Q: Dec. 2021 )
=	(17784.512	-	15673.394)	/	19422.86
=	0.11

where

	Operating Assets		(Q: Dec. 2022 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	18135.692	-	351.18
=	17784.512

	Operating Liabilities		(Q: Dec. 2022 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	16004.412	-	331.018	-	0
=	15673.394

* 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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Mechanics Bank (Mechanics Bank) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

N/A

Address

3170 Hilltop Mall Road, Richmond, CA, USA, 94806

Website

https://www.mechanicsbank.com

Mechanics Bank operates as a community bank in California. The bank provides personal banking, business banking, trust, and estate services, brokerage, and wealth management services. The bank operates a network of retail banking branches, as well as regional commercial lending and wealth management offices throughout the state of California. The bank also engages in indirect automobile lending activities including origination, securitization, and servicing of new and pre-owned retail automobile sales contracts from both franchised and independent automobile dealerships.