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SSBI (Summit State Bank) Scaled Net Operating Assets : 0.02 (As of Mar. 2025)


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What is Summit State 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.

Summit State Bank's operating assets for the quarter that ended in Mar. 2025 was $980.29 Mil. Summit State Bank's operating liabilities for the quarter that ended in Mar. 2025 was $962.08 Mil. Summit State Bank's Total Assets for the quarter that ended in Dec. 2024 was $1,067.09 Mil. Therefore, Summit State Bank's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2025 was 0.02.

Summit State 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.

Summit State Bank's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2024 is calculated as

Scaled Net Operating Assets (SNOA)(A: Dec. 2024 )
=(Operating Assets (A: Dec. 2024 )-Operating Liabilities (A: Dec. 2024 ))/Total Assets (A: Dec. 2023 )
=(1015.691-969.436)/1122.508
=0.04

where

Operating Assets(A: Dec. 2024 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=1067.094 - 51.403
=1015.691

Operating Liabilities(A: Dec. 2024 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=975.371 - 5.935 - 0
=969.436

Summit State Bank's Scaled Net Operating Assets (SNOA) for the quarter that ended in Mar. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Mar. 2025 )
=(Operating Assets (Q: Mar. 2025 )-Operating Liabilities (Q: Mar. 2025 ))/Total Assets (Q: Dec. 2024 )
=(980.29-962.084)/1067.094
=0.02

where

Operating Assets(Q: Mar. 2025 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=1063.362 - 83.072
=980.29

Operating Liabilities(Q: Mar. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=968.022 - 5.938 - 0
=962.084

* 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.

Summit State Bank Scaled Net Operating Assets Related Terms

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Summit State Bank Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Summit State Bank (NAS:SSBI) » Definitions » Scaled Net Operating Assets
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Traded in Other Exchanges
N/A
Address
500 Bicentennial Way, Santa Rosa, CA, USA, 95403
Website
https://www.summitstatebank.com
Summit State Bank provides various banking products and services to individuals and businesses primarily in Sonoma County, California. It offers personal and business checking, money market, sweep, savings, and demand accounts; time certificates of deposit; and specialized deposit accounts, such as professional, small business packaged, tiered, and retirement plan accounts. The company also provides loans, including commercial loans and leases; lines of credit; commercial real estate, small business administration, residential mortgage, and construction loans; home equity lines of credit; and term and equipment loans, as well as loans to agriculture-related businesses.