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MCBS (MetroCity Bankshares) Scaled Net Operating Assets : 0.14 (As of Sep. 2024)


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What is MetroCity Bankshares 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.

MetroCity Bankshares's operating assets for the quarter that ended in Sep. 2024 was $3,272.2 Mil. MetroCity Bankshares's operating liabilities for the quarter that ended in Sep. 2024 was $2,779.7 Mil. MetroCity Bankshares's Total Assets for the quarter that ended in Jun. 2024 was $3,615.4 Mil. Therefore, MetroCity Bankshares's scaled net operating assets (SNOA) for the quarter that ended in Sep. 2024 was 0.14.

MetroCity Bankshares 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.

MetroCity Bankshares'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 )
=(3360.671-2787.655)/3427.239
=0.17

where

Operating Assets(A: Dec. 2023 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=3502.823 - 142.152
=3360.671

Operating Liabilities(A: Dec. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=3121.306 - 331.841 - 1.81
=2787.655

MetroCity Bankshares's Scaled Net Operating Assets (SNOA) for the quarter that ended in Sep. 2024 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Sep. 2024 )
=(Operating Assets (Q: Sep. 2024 )-Operating Liabilities (Q: Sep. 2024 ))/Total Assets (Q: Jun. 2024 )
=(3272.248-2779.726)/3615.37
=0.14

where

Operating Assets(Q: Sep. 2024 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=3569.206 - 296.958
=3272.248

Operating Liabilities(Q: Sep. 2024 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=3162.021 - 382.295 - 0
=2779.726

* 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.

MetroCity Bankshares Scaled Net Operating Assets Related Terms

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MetroCity Bankshares Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » MetroCity Bankshares Inc (NAS:MCBS) » Definitions » Scaled Net Operating Assets
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Traded in Other Exchanges
N/A
Address
5114 Buford Highway, Doraville, GA, USA, 30340
Website
https://www.metrocitybank.com
MetroCity Bankshares Inc is a holding company of its subsidiary Metro City Bank. It provides commercial banking services such as consumer and commercial checking accounts, savings accounts, certificates of deposits, commercial and consumer loans, money transfers and a variety of other banking services. The banks generate revenue from interest income. Its customers include small business owners, professionals, consumers, and real estate developers.
Executives
Farid Tan director, officer: President C/O METROCITY BANKSHARES, INC., 5114 BUFORD HIGHWAY, DORAVILLE GA 30340
Ajit A. Patel director C/O METROCITY BANKSHARES, INC., 5114 BUFORD HIGHWAY, DORAVILLE GA 30340
Sam Sang-koo Shim director C/O METROCITY BANKSHARES, INC., 5114 BUFORD HIGHWAY, DORAVILLE GA 30340
Don Leung director C/O METROCITY BANKSHARES, INC., 5114 BUFORD HIGHWAY, DORAVILLE GA 30340
Nack Y Paek director, officer: Chief Executive Officer
William J. Hungeling director C/O METROCITY BANKSHARES, INC., 5114 BUFORD HIGHWAY, DORAVILLE GA 30340
Howard Hwasaeng Kim director, officer: Executive Vice President C/O METROCITY BANKSHARES, INC., 5114 BUFORD HIGHWAY, DORAVILLE GA 30340
Feiying Lu director C/O METROCITY BANKSHARES, INC., 5114 BUFORD HIGHWAY, DORAVILLE GA 30340
Frank S. Rhee director C/O METROCITY BANKSHARES, INC., 5114 BUFORD HIGHWAY, DORAVILLE GA 30340
Young K. Park director C/O METROCITY BANKSHARES, INC., 5114 BUFORD HIGHWAY, DORAVILLE GA 30340
Francis Lai director C/O METROCITY BANKSHARES, INC., 5114 BUFORD HIGHWAY, DORAVILLE GA 30340
Frank Glover director C/O METROCITY BANKSHARES, INC., 5114 BUFORD HIGHWAY, DORAVILLE GA 30340
Lucas Stewart officer: Chief Financial Officer C/O METROCITY BANKSHARES, INC., 5114 BUFORD HIGHWAY, DORAVILLE GA 30340
William M. Hungeling director C/O METROCITY BANKSHARES, INC., 5114 BUFORD HIGHWAY, DORAVILLE GA 30340
Samuel Benton Gunter officer: Executive VP and CAO C/O METROCITY BANKSHARES, INC., 5114 BUFORD HIGHWAY, DORAVILLE GA 30340