First Sound Bank WA (First Sound Bank WA) Scaled Net Operating Assets : 0.09 (As of Sep. 2023)

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What is First Sound Bank WA 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 Sound Bank WA's operating assets for the quarter that ended in Sep. 2023 was $159.56 Mil. First Sound Bank WA's operating liabilities for the quarter that ended in Sep. 2023 was $145.87 Mil. First Sound Bank WA's Total Assets for the quarter that ended in Jun. 2023 was $158.98 Mil. Therefore, First Sound Bank WA's scaled net operating assets (SNOA) for the quarter that ended in Sep. 2023 was 0.09.

First Sound Bank WA 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 Sound Bank WA's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2006 is calculated as

	Scaled Net Operating Assets (SNOA)		(A: Dec. 2006 )
=	(Operating Assets (A: Dec. 2006 )	-	Operating Liabilities (A: Dec. 2006 ))	/	Total Assets (A: Dec. 2005 )
=	(124.288	-	101.03)	/	89.458
=	0.26

where

	Operating Assets		(A: Dec. 2006 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	132.758	-	8.47
=	124.288

	Operating Liabilities		(A: Dec. 2006 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	104.03	-	3	-	0
=	101.03

First Sound Bank WA's Scaled Net Operating Assets (SNOA) for the quarter that ended in Sep. 2023 is calculated as

	Scaled Net Operating Assets (SNOA)		(Q: Sep. 2023 )
=	(Operating Assets (Q: Sep. 2023 )	-	Operating Liabilities (Q: Sep. 2023 ))	/	Total Assets (Q: Jun. 2023 )
=	(159.561	-	145.869)	/	158.983
=	0.09

where

	Operating Assets		(Q: Sep. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	160.864	-	1.303
=	159.561

	Operating Liabilities		(Q: Sep. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	145.869	-	0	-	0
=	145.869

* 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 Sound Bank WA (First Sound Bank WA) Business Description

Industry

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Address

925 Fourth Avenue, Suite 2350, Seattle, WA, USA, 98104

Website

https://www.firstsoundbank.com

First Sound Bank WA is a commercial bank. It provides loan and deposit services to customers who are predominately small and midsized businesses, not-for-profit organizations, entrepreneurs, and professional service firms. The Bank provides small commercial equipment financing agreements (EFA) to businesses that are located throughout the United States. Additionally, the group also provides business banking, equipment financing, personal banking, and online banking services.