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Harford Bank (Harford Bank) Scaled Net Operating Assets : 0.08 (As of Mar. 2024)


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What is Harford Bank 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.

Harford Bank's operating assets for the quarter that ended in Mar. 2024 was $626.47 Mil. Harford Bank's operating liabilities for the quarter that ended in Mar. 2024 was $575.83 Mil. Harford Bank's Total Assets for the quarter that ended in Dec. 2023 was $665.62 Mil. Therefore, Harford Bank's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2024 was 0.08.

Harford Bank 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.

Harford Bank'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 )
=(631.66-575.655)/595.469
=0.09

where

Operating Assets(A: Dec. 2023 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=665.617 - 33.957
=631.66

Operating Liabilities(A: Dec. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=606.655 - 0 - 31
=575.655

Harford Bank'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 )
=(626.469-575.825)/665.617
=0.08

where

Operating Assets(Q: Mar. 2024 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=678.366 - 51.897
=626.469

Operating Liabilities(Q: Mar. 2024 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=618.075 - 17 - 25.25
=575.825

* 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.

Harford Bank Scaled Net Operating Assets Related Terms

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Harford Bank (Harford Bank) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Harford Bank (OTCPK:HFBK) » Definitions » Scaled Net Operating Assets
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HBSI FTFI PBKC BOTJ BYFC CFSB TCBS NMBF SVBT FSEA NSE:HDFCBANK SHSE:600036 NSE:ICICIBANK NSE:SBIN SAU:1120 XPAR:BNP ISX:BBCA MIC:SBER SGX:D05 MIL:ISP
Traded in Other Exchanges
N/A
Address
8 West Bel Air Avenue, Aberdeen, MD, USA, 21001
Website
https://www.harfordbank.com
Harford Bank is a banking services company. It provides a full range of banking services to customers located in Harford and Cecil Counties and surrounding areas of northeastern Maryland. It conducts general commercial banking in its primary service areas, emphasizing the banking needs of individuals and small to medium-sized businesses and professional concerns. The primary source of income for the Bank is the net interest income it earns. The bank has only one operating segment, which is commercial banking.