SOME (Somerset Trust Holding Co) Scaled Net Operating Assets : 0.14 (As of Sep. 2024)

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What is Somerset Trust Holding Co 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.

Somerset Trust Holding Co's operating assets for the quarter that ended in Sep. 2024 was $2,247.89 Mil. Somerset Trust Holding Co's operating liabilities for the quarter that ended in Sep. 2024 was $1,924.60 Mil. Somerset Trust Holding Co's Total Assets for the quarter that ended in Jun. 2024 was $2,296.77 Mil. Therefore, Somerset Trust Holding Co's scaled net operating assets (SNOA) for the quarter that ended in Sep. 2024 was 0.14.

Somerset Trust Holding Co 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.

Somerset Trust Holding Co's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2022 is calculated as

	Scaled Net Operating Assets (SNOA)		(A: Dec. 2022 )
=	(Operating Assets (A: Dec. 2022 )	-	Operating Liabilities (A: Dec. 2022 ))	/	Total Assets (A: Dec. 2021 )
=	(1977.54	-	1697.139)	/	1867.426
=	0.15

where

	Operating Assets		(A: Dec. 2022 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	2017.477	-	39.937
=	1977.54

	Operating Liabilities		(A: Dec. 2022 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	1914.608	-	217.469	-	0
=	1697.139

Somerset Trust Holding Co'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 )
=	(2247.893	-	1924.597)	/	2296.77
=	0.14

where

	Operating Assets		(Q: Sep. 2024 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	2354.62	-	106.727
=	2247.893

	Operating Liabilities		(Q: Sep. 2024 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	2194.676	-	270.079	-	0
=	1924.597

* 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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Somerset Trust Holding Co Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

N/A

Address

151 West Main Street, P.O. Box 777, Somerset, PA, USA, 15501

Website

https://www.somersettrust.com

Somerset Trust Holding Co is a state-chartered bank, which offers a variety of consumer and commercial lending and deposit products, together with trust and investment management services, an extensive ATM network, and online and mobile banking for consumers and businesses. The Company's and the Bank's revenues are derived from the Bank's portfolio of residential real estate, commercial mortgage and commercial and consumer loans, investment and trust services, and securities portfolio.