Xenith Bankshares (Xenith Bankshares) Scaled Net Operating Assets : 0.19 (As of Sep. 2017)

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What is Xenith 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.

Xenith Bankshares's operating assets for the quarter that ended in Sep. 2017 was $3,227.4 Mil. Xenith Bankshares's operating liabilities for the quarter that ended in Sep. 2017 was $2,627.3 Mil. Xenith Bankshares's Total Assets for the quarter that ended in Jun. 2017 was $3,176.5 Mil. Therefore, Xenith Bankshares's scaled net operating assets (SNOA) for the quarter that ended in Sep. 2017 was 0.19.

Xenith 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.

Xenith Bankshares'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 )
=	(3243.57	-	2592.741)	/	2065.94
=	0.32

where

	Operating Assets		(A: Dec. 2016 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	3267.192	-	23.622
=	3243.57

	Operating Liabilities		(A: Dec. 2016 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	2803.554	-	210.813	-	0
=	2592.741

Xenith Bankshares'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 )
=	(3227.413	-	2627.313)	/	3176.461
=	0.19

where

	Operating Assets		(Q: Sep. 2017 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	3255.771	-	28.358
=	3227.413

	Operating Liabilities		(Q: Sep. 2017 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	2771.51	-	144.197	-	0
=	2627.313

* 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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Xenith Bankshares (Xenith Bankshares) Business Description

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Address

Website

https://www.xenithbank.com

Xenith Bankshares Inc. is US-based commercial bank which is engaged in general community and commercial banking business. The company offers a broad range of interest-bearing and noninterest-bearing deposit accounts, including commercial and retail checking accounts. It provides loan and advances and lending products to commercial and industrial, construction, real estate-commercial mortgage, real estate-residential mortgage and for various business purposes. The company also offers mortgage banking services such as originating and processing mortgage loans for sale to the secondary market. Its reportable segments are mortgage and corporate. The company's primary source of revenue comprises of interest income and fees earned from lending and investment activities.