Altabancorp (Altabancorp) Equity-to-Asset : 0.11 (As of Jun. 2021)

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What is Altabancorp Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Altabancorp's Total Stockholders Equity for the quarter that ended in Jun. 2021 was $370.6 Mil. Altabancorp's Total Assets for the quarter that ended in Jun. 2021 was $3,540.8 Mil. Therefore, Altabancorp's Equity to Asset Ratio for the quarter that ended in Jun. 2021 was 0.11.

The historical rank and industry rank for Altabancorp's Equity-to-Asset or its related term are showing as below:

ALTA' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.1 Med: 0.13 Max: 0.14
Current: 0.11

During the past 9 years, the highest Equity to Asset Ratio of Altabancorp was 0.14. The lowest was 0.10. And the median was 0.13.

ALTA's Equity-to-Asset is not ranked
in the Banks industry.
Industry Median: 0.09 vs ALTA: 0.11

Altabancorp Equity-to-Asset Historical Data

The historical data trend for Altabancorp's Equity-to-Asset 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.

* Premium members only.

Altabancorp Equity-to-Asset Chart

Altabancorp Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Equity-to-Asset

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0.14

0.12

0.13

0.14

0.11

Altabancorp Quarterly Data
	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21
Equity-to-Asset	Get a 7-Day Free Trial															0.11	0.11	0.11	0.10	0.11

Competitive Comparison of Altabancorp's Equity-to-Asset

For the Banks - Regional subindustry, Altabancorp's Equity-to-Asset, along with its competitors' market caps and Equity-to-Asset data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Altabancorp's Equity-to-Asset Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Altabancorp's Equity-to-Asset distribution charts can be found below:

* The bar in red indicates where Altabancorp's Equity-to-Asset falls into.

Altabancorp Equity-to-Asset Calculation

Equity to Asset ratio measures the ratios of the portion of the asset owned by shareholders out of the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.

Equity to Asset ratio is calculated by dividing total stockholders equity by total asset.

Altabancorp's Equity to Asset Ratio for the fiscal year that ended in Dec. 2020 is calculated as

Equity to Asset (A: Dec. 2020 )	=	Total Stockholders Equity	/	Total Assets
	=	371.138	/	3366.228
	=	0.11

Altabancorp's Equity to Asset Ratio for the quarter that ended in Jun. 2021 is calculated as

Equity to Asset (Q: Jun. 2021 )	=	Total Stockholders Equity	/	Total Assets
	=	370.631	/	3540.805
	=	0.10

Altabancorp (NAS:ALTA) Equity-to-Asset Explanation

Equity to Asset ratio can vary greatly across different industries, as they have different capital structure. A company with smaller Equity to Asset ratio (more leveraged) may have higher ROE % because of the leverage.

For banks, the required minimum Equity to Asset ratio by regulation is 5%. Some stronger banks may have Equity to Asset Ratio of more than 10%.

Altabancorp Equity-to-Asset Related Terms

Thank you for viewing the detailed overview of Altabancorp's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.

Altabancorp (Altabancorp) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Altabancorp (NAS:ALTA) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

1 East Main Street, American Fork, UT, USA, 84003

Website

http://www.altabancorp.com

Altabancorp is a bank holding company for Altabank, a full-service bank, providing loans, deposit and cash management services to businesses and individuals through over 26 branch locations from Preston, Idaho to St. George, Utah. Its clients have direct access to bankers and decision-makers who work with clients to understand their specific needs and offer customized financial solutions. Altabank serves communities in Utah and southern Idaho.

Executives

Newbold Family Trust	10 percent owner	1025 WEST 2650 NORTH LEHI UT 84043
Hets Llc	10 percent owner	1255 W RIO SALADO PKWY STE 215 TEMPE AZ 85281
Brett & Susan Christiansen Family Trust	10 percent owner	176 SOUTH 1160 WEST CIRCLE ST ST GEORGE UT 84770
Len E Williams	director, officer: President/CEO	500 12TH AVENUE SOUTH NAMPA ID 83651
Judd J Austin	officer: Executive Officer	1 EAST MAIN STREET AMERICAN FORK UT 84003
Ryan Howard Jones	officer: Executive Officer	1 EAST MAIN STREET AMERICAN FORK UT 84003
Christine Maebelle Linford	officer: Executive Officer	1 EAST MAIN STREET AMERICAN FORK UT 84003
Judd Peterson Kirkham	officer: Executive Officer	1 EAST MAIN STREET AMERICAN FORK UT 84003
Mark K Olson	officer: EVP/Chief Financial Officer	121 W. PINE STREET, 20 EAST CARRILLO STREET, LODI CA 95240
Kimball Gunther	10 percent owner	81 SOUTH 700 EAST AMERICAN FORK UT 84003
Christopher Brett Christiansen	10 percent owner	467 WEST 1875 SOUTH B203 WOODS CROSS UT 84010
Russell Gunther	10 percent owner	81 SOUTH 700 EAST AMERICAN FORK UT 84003
Hudson Gunther	10 percent owner	33 EAST MAIN STREET AMERICAN FORK UT 84003
Derek Gunther Miller	10 percent owner	5807 SOUTH WOODLAWN AVE CHICAGO IL 60637
Paul & Miriam Thomas Family Trust	10 percent owner	2016 EAST CAROLINA LANE TEMPE AZ 85284