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AFBI (Affinity Bancshares) Scaled Net Operating Assets : 0.10 (As of Sep. 2024)


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What is Affinity Bancshares 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.

Affinity Bancshares's operating assets for the quarter that ended in Sep. 2024 was $777.86 Mil. Affinity Bancshares's operating liabilities for the quarter that ended in Sep. 2024 was $691.37 Mil. Affinity Bancshares's Total Assets for the quarter that ended in Jun. 2024 was $872.56 Mil. Therefore, Affinity Bancshares's scaled net operating assets (SNOA) for the quarter that ended in Sep. 2024 was 0.10.

Affinity Bancshares 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.

Affinity Bancshares's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2023 is calculated as

Scaled Net Operating Assets (SNOA)(A: Dec. 2023 )
=(Operating Assets (A: Dec. 2023 )-Operating Liabilities (A: Dec. 2023 ))/Total Assets (A: Dec. 2022 )
=(793.233-681.742)/791.283
=0.14

where

Operating Assets(A: Dec. 2023 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=843.258 - 50.025
=793.233

Operating Liabilities(A: Dec. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=721.742 - 40 - 0
=681.742

Affinity Bancshares's Scaled Net Operating Assets (SNOA) for the quarter that ended in Sep. 2024 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Sep. 2024 )
=(Operating Assets (Q: Sep. 2024 )-Operating Liabilities (Q: Sep. 2024 ))/Total Assets (Q: Jun. 2024 )
=(777.862-691.37)/872.558
=0.10

where

Operating Assets(Q: Sep. 2024 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=878.561 - 100.699
=777.862

Operating Liabilities(Q: Sep. 2024 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=750.185 - 58.815 - 0
=691.37

* 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.

Affinity Bancshares Scaled Net Operating Assets Related Terms

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Affinity Bancshares Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Affinity Bancshares Inc (NAS:AFBI) » Definitions » Scaled Net Operating Assets
Comparable Companies
FCAP SFBC EMYB VBFC PFLC PRMY MNSB SBKO FGFH MNAT NSE:HDFCBANK SHSE:600036 SAU:1120 NSE:ICICIBANK SGX:D05 XPAR:BNP MIL:ISP MIL:UCG PNC NSE:SBIN
Traded in Other Exchanges
N/A
Address
3175 Highway 278, Covington, GA, USA, 30014
Website
https://www.myaffinitybank.com
Affinity Bancshares Inc is a holding company of Affinity Bank, a federally chartered stock savings bank that offers a variety of deposit accounts, including checking accounts, savings accounts, and certificate of deposit accounts. Its business consists of taking deposits from the general public and investing those deposits, together with funds generated from operations, in commercial real estate loans, commercial and industrial loans, and residential real estate loans, construction and land loans, and consumer loans. It also invests in securities, which consist of mortgage-backed securities and obligations issued by United States government-sponsored enterprises and Federal Home Loan Bank stock.
Executives
Howard G Roberts director 3175 HIGHWAY 278, COVINGTON GA 30014
Robin S Reich director 3175 HIGHWAY 278, COVINGTON GA 30014
Edward John Cooney director, officer: CEO 3175 HIGHWAY 278, COVINGTON GA 30014
Robert Vickers director 3175 HIGHWAY 278, COVINGTON GA 30014
Kenneth R Lehman 10 percent owner 122 N GORDON ROAD, FT LAUDERDALE FL 33301
Clark Nelson officer: EVP and CCO 3175 HIGHWAY 278, COVINGTON GA 30014
Elizabeth Galazka officer: EVP-Lending 3175 HIGHWAY 278, COVINGTON GA 30014
Brandi C Pajot officer: SVP - Chief Financial Officer 3175 HIGHWAY 278, COVINGTON GA 30014
Gregory J. Proffitt officer: President 3175 HIGHWAY 278, COVINGTON GA 30014
Tessa M. Nolan officer: SVP and CFO 3175 HIGHWAY 278, COVINGTON GA 30014
Fortson William D. Jr. director 3175 HIGHWAY 278, COVINGTON GA 30014
Bob W. Richardson director 3175 HIGHWAY 278, COVINGTON GA 30014
Edward P. Stone director 3175 HIGHWAY 278, COVINGTON GA 30014
Marshall L. Ginn director 3175 HIGHWAY 278, COVINGTON GA 30014
Mark J Ross director 3175 HIGHWAY 278, COVINGTON GA 30014