Jacksonville Bancorp (Jacksonville Bancorp) Total Assets : $505.25 Mil (As of Sep. 2015)

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What is Jacksonville Bancorp Total Assets?

Jacksonville Bancorp's Total Assets for the quarter that ended in Sep. 2015 was $505.25 Mil.

Total Assets is connected with ROA %. Jacksonville Bancorp's annualized ROA % for the quarter that ended in Sep. 2015 was 0.79%. Total Assets is also linked to Revenue through Asset Turnover. Jacksonville Bancorp's Asset Turnover for the quarter that ended in Sep. 2015 was 0.01.

Jacksonville Bancorp Total Assets Historical Data

The historical data trend for Jacksonville Bancorp's Total Assets can be seen below:

* 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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Jacksonville Bancorp Total Assets Chart

Jacksonville Bancorp Annual Data

Trend

Dec05

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Total Assets

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651.83

561.43

565.06

507.29

488.58

Jacksonville Bancorp Quarterly Data
	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15
Total Assets	Get a 7-Day Free Trial															510.48	488.58	491.08	501.86	505.25

Jacksonville Bancorp Total Assets Calculation

Total Assets are all the assets a company owns.

From the capital sources of the assets, some of the assets are funded through shareholder's paid in capital and retained earnings of the business. Others are funded through borrowed money.

Jacksonville Bancorp's Total Assets for the fiscal year that ended in Dec. 2014 is calculated as

Total Assets	=	Total Equity (A: Dec. 2014 )	+	Total Liabilities (A: Dec. 2014 )
	=	37.112	+	451.472
	=	488.58

Jacksonville Bancorp's Total Assets for the quarter that ended in Sep. 2015 is calculated as

Total Assets	=	Total Equity (Q: Sep. 2015 )	+	Total Liabilities (Q: Sep. 2015 )
	=	42.12	+	463.134
	=	505.25

Jacksonville Bancorp (NAS:JAXB) Total Assets Explanation

Total Assets is connected with ROA %.

Jacksonville Bancorp's annualized ROA % for the quarter that ended in Sep. 2015 is

ROA %	=	Net Income (Q: Sep. 2015 )	/	( (Total Assets (Q: Jun. 2015 )	+	Total Assets (Q: Sep. 2015 ))	/ count )
	=	3.968	/	( (501.856	+	505.254)	/ 2 )
	=	3.968	/	503.555
	=	0.79 %

Note: The Net Income data used here is four times the quarterly (Sep. 2015) data.

In the article Joining The Dark Side: Pirates, Spies and Short Sellers, James Montier reported that In their US sample covering the period 1968-2003, Cooper et al find that firms with low asset growth outperformed firms with high asset growth by an astounding 20% p.a. equally weighted. Even when controlling for market, size and style, low asset growth firms outperformed high asset growth firms by 13% p.a. Therefore a company with fast asset growth may underperform.

Total Assets is linked to total revenue through Asset Turnover.

Jacksonville Bancorp's Asset Turnover for the quarter that ended in Sep. 2015 is

	Asset Turnover
=	Revenue (Q: Sep. 2015 )	/	( (Total Assets (Q: Jun. 2015 )	+	Total Assets (Q: Sep. 2015 ))	/ count )
=	4.934	/	( (501.856	+	505.254)	/ 2 )
=	4.934	/	503.555
=	0.01

Therefore, if a company grows its Total Assets faster than its Revenue, the Asset Turnover will decline. This might be a warning sign for the business.

Jacksonville Bancorp Total Assets Related Terms

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Jacksonville Bancorp (Jacksonville Bancorp) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Jacksonville Bancorp Inc (NAS:JAXB) » Definitions » Total Assets

Comparable Companies

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N/A

Address

Website

http://www.jaxbank.com

Jacksonville Bancorp Inc was incorporated under the laws of the State of Florida on October 24, 1997 for the purpose of organizing the Bank. It is a one-bank holding company owning 100% of the outstanding shares of the Bank. The Company's only business is the ownership and operation of the Bank, which opened for business on May 28, 1999. The Bank is a Florida state-chartered commercial bank, and its deposits are insured by the FDIC. Its market area is all of Duval County mainly the Southside, Westside, Arlington, Mandarin and Downtown areas of Jacksonville and Jacksonville Beach, Florida, in addition to surrounding communities within the St. Johns, Clay and Nassau counties. Jacksonville is the largest city by area in the United States covering 747 square miles. Duval County has a strong commercial and industrial base, which has been steadily expanding in recent years. Financial institutions compete with one another for deposits. The Company is in competition with existing area financial institutions, including commercial banks and savings institutions, insurance companies, consumer finance companies, brokerage houses, mortgage banking companies, credit unions, and other business entities which target traditional banking markets, through offices, mail, the internet, mobile devices and otherwise. Its primary business segment is community banking and consists of attracting deposits from the general public and using such deposits and other sources of funds to originate commercial business loans, commercial real estate loans, residential mortgage loans, and a variety of consumer loans. The Company is regulated by the Federal Reserve Board under the Federal Bank Holding Company Act.

Executives

Margaret A Incandela	officer: EVP; COO; Chief Credit Officer	100 NORTH LAURA STREET, SUITE 1000, JACKSONVILLE FL 32202
John W Rose	director, 10 percent owner	100 NORTH LAURA STREET, SUITE 1000, JACKSONVILLE FL 32202
Eugene Ludwig	director, 10 percent owner	280 PARK AVENUE, 40TH FLOOR WEST, SUITE 401, NEW YORK NY 10017
Robert Goldstein	10 percent owner
John P Sullivan	director, 10 percent owner	280 PARK AVENUE, 40TH FLOOR WEST, NEW YORK NY 10017

Jacksonville Bancorp (Jacksonville Bancorp) Headlines

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