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1st Cap Bancorp (1st Cap Bancorp) Scaled Net Operating Assets : -0.16 (As of Mar. 2024)


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What is 1st Cap Bancorp 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.

1st Cap Bancorp's operating assets for the quarter that ended in Mar. 2024 was $738.78 Mil. 1st Cap Bancorp's operating liabilities for the quarter that ended in Mar. 2024 was $894.51 Mil. 1st Cap Bancorp's Total Assets for the quarter that ended in Dec. 2023 was $989.06 Mil. Therefore, 1st Cap Bancorp's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2024 was -0.16.

1st Cap Bancorp 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.

1st Cap Bancorp'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 )
=(950.792-901.859)/943.402
=0.05

where

Operating Assets(A: Dec. 2023 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=989.061 - 38.269
=950.792

Operating Liabilities(A: Dec. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=926.673 - 24.814 - 0
=901.859

1st Cap Bancorp's Scaled Net Operating Assets (SNOA) for the quarter that ended in Mar. 2024 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Mar. 2024 )
=(Operating Assets (Q: Mar. 2024 )-Operating Liabilities (Q: Mar. 2024 ))/Total Assets (Q: Dec. 2023 )
=(738.78-894.509)/989.061
=-0.16

where

Operating Assets(Q: Mar. 2024 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=1014.532 - 275.752
=738.78

Operating Liabilities(Q: Mar. 2024 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=949.342 - 54.833 - 0
=894.509

* 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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1st Cap Bancorp (1st Cap Bancorp) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » 1st Cap Bancorp (OTCPK:FISB) » Definitions » Scaled Net Operating Assets
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Traded in Other Exchanges
N/A
Address
150 Main Street, Suite 150, Salinas, CA, USA, 93901
Website
https://www.1stcapital.bank
1st Cap Bancorp, formerly 1st Capital Bank operates as a community bank. It provides a wide range of credit products, including loans under various government programs such as those provided through the U.S. small business administration and the U.S. Department of agriculture. In addition, the bank also provides cash management services. The bank serves commercial enterprises, professionals, real estate investors, family business entities, and residents along the Central Coast Region of California.