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Third Century Bancorp (Third Century Bancorp) Scaled Net Operating Assets : 0.24 (As of Jun. 2007)


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What is Third Century 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.

Third Century Bancorp's operating assets for the quarter that ended in Jun. 2007 was $125.91 Mil. Third Century Bancorp's operating liabilities for the quarter that ended in Jun. 2007 was $92.49 Mil. Third Century Bancorp's Total Assets for the quarter that ended in Mar. 2007 was $137.15 Mil. Therefore, Third Century Bancorp's scaled net operating assets (SNOA) for the quarter that ended in Jun. 2007 was 0.24.


Third Century 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.

Third Century Bancorp's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2006 is calculated as

Scaled Net Operating Assets (SNOA)(A: Dec. 2006 )
=(Operating Assets (A: Dec. 2006 )-Operating Liabilities (A: Dec. 2006 ))/Total Assets (A: Dec. 2005 )
=(124.011-89.477)/128.147
=0.27

where

Operating Assets(A: Dec. 2006 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=133.503 - 9.492
=124.011

Operating Liabilities(A: Dec. 2006 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=114.077 - 24.6 - 0
=89.477

Third Century Bancorp's Scaled Net Operating Assets (SNOA) for the quarter that ended in Jun. 2007 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Jun. 2007 )
=(Operating Assets (Q: Jun. 2007 )-Operating Liabilities (Q: Jun. 2007 ))/Total Assets (Q: Mar. 2007 )
=(125.908-92.489)/137.154
=0.24

where

Operating Assets(Q: Jun. 2007 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=135.92 - 10.012
=125.908

Operating Liabilities(Q: Jun. 2007 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=117.089 - 24.6 - 0
=92.489

* 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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Third Century Bancorp (Third Century Bancorp) Business Description

Traded in Other Exchanges
N/A
Address
80 East Jefferson Street, Franklin, IN, USA, 46131
Third Century Bancorp operates as a holding company. It provides banking and financial services to individual and corporate customers. The bank offers a variety of deposit products, loans, mortgages, and other products.