Since intangibles such as goodwill cannot be sold when the company liquidates, tangible book value per share is considered more accurate in reflecting how much shareholders will receive when the company liquidates.
Congaree Bancshares Tangible Book per Share Historical Data
The historical data trend for Congaree Bancshares's Tangible Book per Share can be seen below:
* 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.
Competitive Comparison of Congaree Bancshares's Tangible Book per Share
For the Banks - Regional subindustry, Congaree Bancshares's Price-to-Tangible-Book, along with its competitors' market caps and Price-to-Tangible-Book data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Congaree Bancshares's Price-to-Tangible-Book Distribution in the Banks Industry
For the Banks industry and Financial Services sector, Congaree Bancshares's Price-to-Tangible-Book distribution charts can be found below:
* The bar in red indicates where Congaree Bancshares's Price-to-Tangible-Book falls into.
Congaree Bancshares Tangible Book per Share Calculation
Congaree Bancshares's Tangible Book Value Per Share for the fiscal year that ended in Dec. 2015 is calculated as
* 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.
Theoretically it is what the shareholders will receive if the company is liquidated. Total equity is a balance sheet item and equal to total assets less total liabilities of the company. Since intangibles such as goodwill cannot be sold when the company liquidates, tangible book value per share is considered more accurate in reflecting how much shareholders will receive when the company liquidates.
Congaree Bancshares (OTCPK:CNRB) Tangible Book per Share Explanation
Usually a company's book value and Tangible Book per Share may not reflect its true value. The assets may be carried on the balance sheets at the original cost minus depreciation. This may underestimate the true economic values of the assets. It also may over-estimate their true economic value because the assets can become obsolete.
For financial companies such as banks and insurance companies, their assets may be reported in current market value of the assets owned. Book values of financial companies are more accurate indicator of the economic value of the company.
Congaree Bancshares Tangible Book per Share Related Terms
Thank you for viewing the detailed overview of Congaree Bancshares's Tangible Book per Share provided by GuruFocus.com. Please click on the following links to see related term pages.
Congaree Bancshares (Congaree Bancshares) Business Description
Congaree Bancshares Inc was organized in November 2005 to operate as a bank holding company pursuant to the Federal Bank Holding Company Act of 1956 and the South Carolina Bank Holding Company Act, and to own and control all of the capital stock of Congaree State Bank. The company operates as a holding company for Congaree State Bank. The Bank provides a range of banking services to consumers, small to medium-sized businesses, and professional concerns in Lexington and Richland counties, South Carolina. The Company offers various deposit products, including checking accounts, NOW accounts, commercial accounts, savings accounts, individual retirement accounts, and other time deposits ranging from daily money market accounts to longer-term certificates of deposit. It also provides residential and commercial real estate loans; adjustable and fixed-rate real estate construction loans for residential and commercial projects; commercial loans, such as equipment, working capital, and small business loans; and equity and consumer loans to individuals for personal and household purposes, including secured and unsecured installment loans and revolving lines of credit, such as credit cards. In addition, the company offers other banking services, including online banking, commercial cash management, remote deposit capture, safe deposit boxes, bank official checks, travelers checks, wire transfers, cashiers checks, banking by mail, and the U.S. savings bonds. It serves its customers through its main office in Cayce and an additional office in West Columbia. It primarily derives revenues from net interest income that is the difference between income earned on interest-earning assets and interest paid on deposits and borrowings used to support such assets.
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