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Farmers and Merchants Bancshares (MD) (Farmers and Merchants Bancshares (MD)) Scaled Net Operating Assets : -0.15 (As of Mar. 2024)


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What is Farmers and Merchants Bancshares (MD) 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.

Farmers and Merchants Bancshares (MD)'s operating assets for the quarter that ended in Mar. 2024 was $606.99 Mil. Farmers and Merchants Bancshares (MD)'s operating liabilities for the quarter that ended in Mar. 2024 was $723.77 Mil. Farmers and Merchants Bancshares (MD)'s Total Assets for the quarter that ended in Dec. 2023 was $799.94 Mil. Therefore, Farmers and Merchants Bancshares (MD)'s scaled net operating assets (SNOA) for the quarter that ended in Mar. 2024 was -0.15.


Farmers and Merchants Bancshares (MD) 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.

Farmers and Merchants Bancshares (MD)'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 )
=(755.437-729.551)/718.211
=0.04

where

Operating Assets(A: Dec. 2023 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=799.941 - 44.504
=755.437

Operating Liabilities(A: Dec. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=747.763 - 18.212 - 0
=729.551

Farmers and Merchants Bancshares (MD)'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 )
=(606.992-723.774)/799.941
=-0.15

where

Operating Assets(Q: Mar. 2024 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=794.593 - 187.601
=606.992

Operating Liabilities(Q: Mar. 2024 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=741.516 - 17.742 - 0
=723.774

* 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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Farmers and Merchants Bancshares (MD) (Farmers and Merchants Bancshares (MD)) Business Description

Traded in Other Exchanges
N/A
Address
15226 Hanover Pike, Upperco, MD, USA, 21155
Farmers and Merchants Bancshares Inc (MD) is an independent community bank, offering a broad range of financial services. The Bank operates five banking offices located in Northern Baltimore County and Carroll County, Maryland. It provides services of checking accounts, saving accounts, re-order checks and among others.