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Sun Bancorp (Sun Bancorp) Scaled Net Operating Assets : 0.17 (As of Sep. 2017)


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What is Sun 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.

Sun Bancorp's operating assets for the quarter that ended in Sep. 2017 was $2,074.22 Mil. Sun Bancorp's operating liabilities for the quarter that ended in Sep. 2017 was $1,696.29 Mil. Sun Bancorp's Total Assets for the quarter that ended in Jun. 2017 was $2,216.80 Mil. Therefore, Sun Bancorp's scaled net operating assets (SNOA) for the quarter that ended in Sep. 2017 was 0.17.

Sun 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.

Sun 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 )
=(2128.054-1758.059)/2210.584
=0.17

where

Operating Assets(A: Dec. 2016 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=2262.262 - 134.208
=2128.054

Operating Liabilities(A: Dec. 2016 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1942.553 - 184.494 - 0
=1758.059

Sun 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 )
=(2074.216-1696.291)/2216.802
=0.17

where

Operating Assets(Q: Sep. 2017 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=2167.674 - 93.458
=2074.216

Operating Liabilities(Q: Sep. 2017 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1839.075 - 142.784 - 0
=1696.291

* 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.

Sun Bancorp Scaled Net Operating Assets Related Terms

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Sun Bancorp (Sun Bancorp) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Sun Bancorp Inc (NAS:SNBC) » Definitions » Scaled Net Operating Assets
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Traded in Other Exchanges
N/A
Address
Website
http://www.sunnationalbank.com
Sun Bancorp Inc is a holding company of its principal subsidiary, Bank of the United States. Through its subsidiary, it provides community banking services to consumers, small businesses and mid-size companies. Its deposit services include savings accounts, business checking and money market accounts, certificates of deposit, and cash management solutions such as online banking, electronic bill payment and wire transfer services, lockbox services, remote deposit and controlled disbursement services. The company also provides lending services to businesses include term loans, lines of credit and commercial mortgages. Additionally, it also provides home equity term loans, home equity lines of credit and installment loans. The majority of the company's revenue comes from interest income.
Executives
Patricia M Schaubeck officer: EVP & General Counsel C/O SUFFOLK BANCORP, 4 WEST SECOND STREET, P.O. BOX 9000, RIVERHEAD NY 11901
Sidney R Brown director 226 LANDIS AVENUE, VINELAND NJ 08360
Nicos Katsoulis officer: EVP/Chief Lending Officer C/O STATE BANCORP, INC., TWO JERICHO PLAZA, JERICHO NY 11753
Michele B Estep officer: EVP/Chief Administrative Offic, other: of Sun National Bank 226 LANDIS AVENUE, VINELAND NJ 08360
Grace C Torres director C/O PGIM INVESTMENTS, 655 BROAD STREET, NEWARK NJ 07102
Anthony R Coscia director C/O INTERCHANGE FINANCIAL SERVICES CORP, PARK 80 W PLAZA TWO, SADDLE BROOK NJ 07663
Neelesh Kalani officer: SVP/Chief Accounting Officer SUN BANCORP, INC., 226 LANDIS AVENUE, VINELAND PA 19087
Thomas R Brugger officer: EVP/Chief Financial Officer 1130 BERKSHIRE BLVD, WYOMISSING PA 19610
Keith Stock director 1819 A WEST ST ANNAPOLIS MD 21401
William J Marino director COMPUTER HORIZONS, 49 OLD BLOOMFIELD AVE, MOUNTAIN LAKES NJ 07046
Thomas M Obrien director, officer: President & CEO C/O STATE BANK OF LONG ISLAND, 2 JERICHO PLAZA, JERICHO NY 11753
Alberino J Celini officer: EVP/Chief Risk Officer, other: of Sun National Bank 226 LANDIS AVENUE, VINELAND NJ 08360
Steven A Kass director 226 LANDIS AVENUE, VINELAND NJ 08360
Thomas X Geisel director, officer: President & CEO 400 RELLA BOULEVARD, MONTEBELLO NY 10901
Ross Wilbur L Jr director, 10 percent owner 328 EL VEDADO ROAD, PALM BEACH FL 33480