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United Tennessee Bankshares (United Tennessee Bankshares) Scaled Net Operating Assets : 0.01 (As of Mar. 2024)


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What is United Tennessee 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.

United Tennessee Bankshares's operating assets for the quarter that ended in Mar. 2024 was $252.97 Mil. United Tennessee Bankshares's operating liabilities for the quarter that ended in Mar. 2024 was $250.72 Mil. United Tennessee Bankshares's Total Assets for the quarter that ended in Dec. 2023 was $262.83 Mil. Therefore, United Tennessee Bankshares's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2024 was 0.01.

United Tennessee 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.

United Tennessee 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 )
=(239.698-244.109)/251.033
=-0.02

where

Operating Assets(A: Dec. 2023 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=262.825 - 23.127
=239.698

Operating Liabilities(A: Dec. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=244.109 - 0 - 0
=244.109

United Tennessee Bankshares'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 )
=(252.97-250.717)/262.825
=0.01

where

Operating Assets(Q: Mar. 2024 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=269.148 - 16.178
=252.97

Operating Liabilities(Q: Mar. 2024 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=250.717 - 0 - 0
=250.717

* 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.

United Tennessee Bankshares Scaled Net Operating Assets Related Terms

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United Tennessee Bankshares (United Tennessee Bankshares) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » United Tennessee Bankshares Inc (OTCPK:UNTN) » Definitions » Scaled Net Operating Assets
Comparable Companies
TCNB PNBK MSBB MNBO GLBZ GOVB CIBN PFSB MCPH TVLF NSE:HDFCBANK SHSE:600036 NSE:ICICIBANK NSE:SBIN SAU:1120 XPAR:BNP ISX:BBCA MIC:SBER SGX:D05 MIL:ISP
Traded in Other Exchanges
N/A
Address
170 W. Broadway, Newport, TN, USA, 37821-2325
Website
https://www.newportfederalbank.com
United Tennessee Bankshares Inc is the holding company. It provides financial services to individuals and corporate customers. The bank's principal business consists of accepting deposits from the public through its main office and branch offices then investing those funds in loans secured by one to four family residential properties located in its primary market area. United Tennessee offers residential real estate loans, construction and land loans, commercial real estate loans, commercial and industrial loans, and consumer loans.
Executives
Nancy Bryant officer: V. Pres. & Treasurer 344 W BROADWAY, NEWPORT TN 37821
Hooper Ben W Iii director 344 W BROADWAY, NEWPORT TN 37821
Robert L Overholt director 344 W BROADWAY, NEWPORT TN 37821
Tommy C Bible director 344 W BROADWAY, NEWPORT TN 37821
Chris Triplett officer: Comptroller 344 W BROADWAY, NEWPORT TN 37821
William B Henry director 344 W BROADWAY, NEWPORT TN 37821
Robert D Self director 344 W BROADWAY, NEWPORT TN 37821
J William Myers director 344 W BROADWAY, NEWPORT TN 37821
Richard G Harwood director, officer: President 344 W BROADWAY, NEWPORT TN 37821
Peggy B Holston officer: Branch Mgr. & Secretary 344 W BROADWAY, NEWPORT TN 37821
Lonnie R Jones officer: Vice President 344 W BROADWAY, NEWPORT TN 37821