Heritage NOLA Bancorp (Heritage NOLA Bancorp) Scaled Net Operating Assets : 0.18 (As of Mar. 2020)

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What is Heritage NOLA 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.

Heritage NOLA Bancorp's operating assets for the quarter that ended in Mar. 2020 was $116.97 Mil. Heritage NOLA Bancorp's operating liabilities for the quarter that ended in Mar. 2020 was $92.86 Mil. Heritage NOLA Bancorp's Total Assets for the quarter that ended in Dec. 2019 was $131.43 Mil. Therefore, Heritage NOLA Bancorp's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2020 was 0.18.

Heritage NOLA 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.

Heritage NOLA Bancorp's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2019 is calculated as

	Scaled Net Operating Assets (SNOA)		(A: Dec. 2019 )
=	(Operating Assets (A: Dec. 2019 )	-	Operating Liabilities (A: Dec. 2019 ))	/	Total Assets (A: Dec. 2018 )
=	(119.199	-	90.207)	/	119.421
=	0.24

where

	Operating Assets		(A: Dec. 2019 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	131.432	-	12.233
=	119.199

	Operating Liabilities		(A: Dec. 2019 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	108.248	-	18.041	-	0
=	90.207

Heritage NOLA Bancorp's Scaled Net Operating Assets (SNOA) for the quarter that ended in Mar. 2020 is calculated as

	Scaled Net Operating Assets (SNOA)		(Q: Mar. 2020 )
=	(Operating Assets (Q: Mar. 2020 )	-	Operating Liabilities (Q: Mar. 2020 ))	/	Total Assets (Q: Dec. 2019 )
=	(116.97	-	92.864)	/	131.432
=	0.18

where

	Operating Assets		(Q: Mar. 2020 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	135.281	-	18.311
=	116.97

	Operating Liabilities		(Q: Mar. 2020 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	112.085	-	19.221	-	0
=	92.864

* 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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Heritage NOLA Bancorp (Heritage NOLA Bancorp) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Heritage NOLA Bancorp Inc (OTCPK:HRGG) » Definitions » Scaled Net Operating Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

205 North Columbia Street, Covington, LA, USA, 70433

Website

https://www.heritagebank.org

Heritage NOLA Bancorp Inc is a banking company. Its services include personal banking, business banking, and loan facilities. The bank offers deposits, personal loans, mobile and online banking, trade finance, interest checking, foreign exchange, merchant, and other banking services.

Executives

Lisa B. Hughes	officer: SVP and CFO	205 NORTH COLUMBIA STREET COVINGTON LA 70433
W. David Crumhorn	director, officer: Chairman, President and CEO	205 NORTH COLUMBIA STREET COVINGTON LA 70433
Dana Whitaker	officer: EVP and CCO	205 NORTH COLUMBIA STREET COVINGTON LA 70433
William Thomas Ballantine	director	7009 LONGVUS, MANDEVILLE LA 70448
Rodrigue Julian J. Jr.	director	205 NORTH COLUMBIA STREET COVINGTON LA 70433
Jason S. Hunt	director	205 NORTH COLUMBIA STREET COVINGTON LA 70433
Caruso Salvatore A. Jr.	director	205 NORTH COLUMBIA STREET COVINGTON LA 70433
Elizabeth M. Eustis	director	205 NORTH COLUMBIA STREET COVINGTON LA 70433