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First Resource Bancorp (First Resource Bancorp) Scaled Net Operating Assets : 0.11 (As of Mar. 2024)


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What is First Resource 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.

First Resource Bancorp's operating assets for the quarter that ended in Mar. 2024 was $588.61 Mil. First Resource Bancorp's operating liabilities for the quarter that ended in Mar. 2024 was $520.03 Mil. First Resource Bancorp's Total Assets for the quarter that ended in Dec. 2023 was $602.62 Mil. Therefore, First Resource Bancorp's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2024 was 0.11.

First Resource 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.

First Resource 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 )
=(578.696-505.973)/516.725
=0.14

where

Operating Assets(A: Dec. 2023 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=602.617 - 23.921
=578.696

Operating Liabilities(A: Dec. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=556.481 - 15.508 - 35
=505.973

First Resource 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 )
=(588.612-520.033)/602.617
=0.11

where

Operating Assets(Q: Mar. 2024 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=611.026 - 22.414
=588.612

Operating Liabilities(Q: Mar. 2024 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=563.544 - 15.511 - 28
=520.033

* 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 Resource Bancorp (First Resource Bancorp) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » First Resource Bancorp Inc (OTCPK:FRSB) » Definitions » Scaled Net Operating Assets
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Traded in Other Exchanges
N/A
Address
1 E. Uwchlan Avenue, Suite 410, Exton, PA, USA, 19341
Website
https://www.firstresourcebank.com
First Resource Bancorp Inc is a community bank. It is a full-service bank providing personal and business lending and deposit services. The company serves the southeastern area of Pennsylvania. The bank offers a range of commercial and consumer deposit accounts and regular savings accounts.