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FCCTP.PFD (First Community Tn) Goodwill-to-Asset : 0.00 (As of Jun. 2024)


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What is First Community Tn Goodwill-to-Asset?

Goodwill to Asset ratio measures how much goodwill a company is recording compared to the total level of its assets. First Community Tn's Goodwill for the quarter that ended in Jun. 2024 was $0.00 Mil. First Community Tn's Total Assets for the quarter that ended in Jun. 2024 was $207.09 Mil. Therefore, First Community Tn's Goodwill to Asset Ratio for the quarter that ended in Jun. 2024 was 0.00.


First Community Tn Goodwill-to-Asset Historical Data

The historical data trend for First Community Tn's Goodwill-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.

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First Community Tn Goodwill-to-Asset Chart

First Community Tn Annual Data
Trend Dec03 Dec04 Dec05 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Goodwill-to-Asset
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First Community Tn Quarterly Data
Jun06 Sep06 Dec17 Dec18 Dec19 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
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Competitive Comparison of First Community Tn's Goodwill-to-Asset

For the Banks - Regional subindustry, First Community Tn's Goodwill-to-Asset, along with its competitors' market caps and Goodwill-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.


First Community Tn's Goodwill-to-Asset Distribution in the Banks Industry

For the Banks industry and Financial Services sector, First Community Tn's Goodwill-to-Asset distribution charts can be found below:

* The bar in red indicates where First Community Tn's Goodwill-to-Asset falls into.



First Community Tn Goodwill-to-Asset Calculation

Goodwill to Asset ratio measures how much goodwill a company is recording compared to the total level of its assets.

It is calculated by dividing goodwill by total assets.

First Community Tn's Goodwill to Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Goodwill to Asset (A: Dec. 2023 )=Goodwill/Total Assets
=0/209.258
=0.00

First Community Tn's Goodwill to Asset Ratio for the quarter that ended in Jun. 2024 is calculated as

Goodwill to Asset (Q: Jun. 2024 )=Goodwill/Total Assets
=0/207.085
=0.00

* 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.


First Community Tn  (OTCPK:FCCTP.PFD) Goodwill-to-Asset Explanation

If the goodwill-to-asset ratio increases, it can mean that the company is recording a proportionately higher amount of goodwill, assuming total assets are remaining constant. It is generally good to see a company increasing its assets regularly; however, if these increases are coming from intangible assets, such as goodwill, the increases may not be as good.

Increases in the goodwill-to-asset ratio might suggest that a company has been aggressively acquiring other firms or has seen its tangible assets decrease in value. When a large portion of total assets are attributable to intangible assets (such as goodwill), the company may be at risk of having that portion of its asset base wiped out quickly if it must record any goodwill impairments. Decreases in the goodwill-to-assets ratio suggest that the company has either written down some goodwill or increased its tangible assets.

Asset needs vary from industry to industry. This is why comparing goodwill-to-assets ratios is generally most meaningful among companies within the same industry. By comparing a company's goodwill to assets ratio to those of other companies within the same industry, investors can get a feel for how a company is managing its goodwill.


First Community Tn Goodwill-to-Asset Related Terms

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First Community Tn Business Description

Traded in Other Exchanges
Address
809 West Main Street, P.O. Box 820, Rogersville, TN, USA, 37857
First Community Corp Tn is a holding company. It provides commercial banking services. Its primary deposit products are demand and savings deposits and certificates of deposit, and its primary lending products are commercial, residential real estate, and consumer loans.

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