TCBC (TC Bancshares) Scaled Net Operating Assets : 0.04 (As of Mar. 2024)

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What is TC Bancshares 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.

TC Bancshares's operating assets for the quarter that ended in Mar. 2024 was $401.72 Mil. TC Bancshares's operating liabilities for the quarter that ended in Mar. 2024 was $383.77 Mil. TC Bancshares's Total Assets for the quarter that ended in Dec. 2023 was $466.58 Mil. Therefore, TC Bancshares's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2024 was 0.04.

TC Bancshares 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.

TC Bancshares'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 )
=	(441.544	-	373.847)	/	429.618
=	0.16

where

	Operating Assets		(A: Dec. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	466.583	-	25.039
=	441.544

	Operating Liabilities		(A: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	386.949	-	13.102	-	0
=	373.847

TC Bancshares'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 )
=	(401.72	-	383.765)	/	466.583
=	0.04

where

	Operating Assets		(Q: Mar. 2024 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	474.676	-	72.956
=	401.72

	Operating Liabilities		(Q: Mar. 2024 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	396.836	-	13.071	-	0
=	383.765

* 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.

TC Bancshares Scaled Net Operating Assets Related Terms

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TC Bancshares Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » TC Bancshares Inc (OTCPK:TCBC) » Definitions » Scaled Net Operating Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

131 South Dawson Street, P.O. Box 1197, Thomasville, GA, USA, 31792

Website

https://www.tcfederal.com

TC Bancshares Inc is a stock holding company that serves as holding for TC federal bank. It does business through the bank that consists primarily of taking deposits from the general public and investing those deposits, together with funds generated from operations, in one-to four-family residential real estate loans, commercial and multi-family residential real estate loans, commercial and industrial loans, construction and land development loans, and consumer loans. The Bank's primary lending products consist of single-family residential mortgage loans and commercial and multi-family real estate loans. Its deposit products are the primary source of funding.

Executives

Scott Charles Mclean	officer: EVP-CHIEF FINANCIAL OFFICER	101 WEINGARTEN PLACE, CARY NC 27519
George Matthew Brown	director	131 SOUTH DAWSON STREET, PO BOX 1197, THOMASVILLE GA 31799
Joshua Travis Bryant	director	131 SOUTH DAWSON STREET, THOMASVILLE GA 31792
Stephanie B Tillman	director	1919 FLOWERS CIRCLE, THOMASVILLE GA 31757
Peter Desantis	director	131 SOUTH DAWSON STREET, PO BOX 1197, THOMASVILLE GA 31799
Jefferson Johnson	director	131 SOUTH DAWSON STREET, PO BOX 1197, THOMASVILLE GA 31799
Fortson Rumble	director	131 SOUTH DAWSON STREET, PO BOX 1197, THOMASVILLE GA 31799
Michael Sherman Penney	officer: EVP-CHIEF CREDIT OFFICER	131 SOUTH DAWSON STREET, THOMASVILLE GA 31799
Charles Dixon	director	131 SOUTH DAWSON STREET, PO BOX 1197, THOMASVILLE GA 31799
Nathan Higdon	officer: See Remarks	131 SOUTH DAWSON STREET, PO BOX 1197, THOMASVILLE GA 31799
Linda K. Palmer	officer: See Remarks	131 SOUTH DAWSON STREET, PO BOX 1197, THOMASVILLE GA 31799
Fred E. Murphy	director	131 SOUTH DAWSON STREET, PO BOX 1197, THOMASVILLE GA 31799
Gregory Eiford	director, officer: See Remarks	131 SOUTH DAWSON STREET, PO BOX 1197, THOMASVILLE GA 31799