Orrstown Financial Services (FRA:OFR) Scaled Net Operating Assets : -0.09 (As of Mar. 2024)

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What is Orrstown Financial Services 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.

Orrstown Financial Services's operating assets for the quarter that ended in Mar. 2024 was €2,286.8 Mil. Orrstown Financial Services's operating liabilities for the quarter that ended in Mar. 2024 was €2,543.4 Mil. Orrstown Financial Services's Total Assets for the quarter that ended in Dec. 2023 was €2,809.9 Mil. Therefore, Orrstown Financial Services's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2024 was -0.09.

Orrstown Financial Services 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.

Orrstown Financial Services'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 )
=	(2750.155	-	2411.335)	/	2758.753
=	0.12

where

	Operating Assets		(A: Dec. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	2809.908	-	59.753
=	2750.155

	Operating Liabilities		(A: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	2566.852	-	155.517	-	0
=	2411.335

Orrstown Financial Services'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 )
=	(2286.845	-	2543.375)	/	2809.908
=	-0.09

where

	Operating Assets		(Q: Mar. 2024 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	2928.665	-	641.82
=	2286.845

	Operating Liabilities		(Q: Mar. 2024 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	2678.717	-	135.342	-	0
=	2543.375

* 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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Orrstown Financial Services (FRA:OFR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Orrstown Financial Services Inc (FRA:OFR) » Definitions » Scaled Net Operating Assets

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Traded in Other Exchanges

ORRF:USA

Address

77 East King Street, P.O. Box 250, Shippensburg, PA, USA, 17257

Website

https://www.orrstown.com

Orrstown Financial Services Inc is a holding company engaged in commercial banking and trust business, this involves accepting demand, time and savings deposits, and granting loans. It is also engaged in lending services for commercial, residential, commercial mortgages, construction, municipal, and various forms of consumer lending. Deposit services include checking, savings, time, and money market deposits. It also provides investment and brokerage services through its Financial Advisors division. The company operates in a significant segment - Community Banking.