BLHK (BlueHarbor Bank) Total Assets : $486.03 Mil (As of Sep. 2024)

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What is BlueHarbor Bank Total Assets?

BlueHarbor Bank's Total Assets for the quarter that ended in Sep. 2024 was $486.03 Mil.

During the past 12 months, BlueHarbor Bank's average Total Assets Growth Rate was 15.00% per year. During the past 3 years, the average Total Assets Growth Rate was 14.00% per year. During the past 5 years, the average Total Assets Growth Rate was 15.30% per year.

During the past 7 years, BlueHarbor Bank's highest 3-Year average Total Assets Growth Rate was 16.70%. The lowest was 12.80%. And the median was 15.35%.

Total Assets is connected with ROA %. BlueHarbor Bank's annualized ROA % for the quarter that ended in Sep. 2024 was 1.61%. Total Assets is also linked to Revenue through Asset Turnover. BlueHarbor Bank's Asset Turnover for the quarter that ended in Sep. 2024 was 0.01.

BlueHarbor Bank Total Assets Historical Data

The historical data trend for BlueHarbor Bank's Total Assets 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.

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BlueHarbor Bank Total Assets Chart

BlueHarbor Bank Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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245.68

324.75

410.81

406.36

430.13

BlueHarbor Bank Quarterly Data
	Dec17	Dec18	Dec19	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Jun24	Sep24
Total Assets	Get a 7-Day Free Trial													422.82	428.92	430.13	463.31	486.03

BlueHarbor Bank Total Assets Calculation

Total Assets are all the assets a company owns.

From the capital sources of the assets, some of the assets are funded through shareholder's paid in capital and retained earnings of the business. Others are funded through borrowed money.

BlueHarbor Bank's Total Assets for the fiscal year that ended in Dec. 2023 is calculated as

Total Assets	=	Total Equity (A: Dec. 2023 )	+	Total Liabilities (A: Dec. 2023 )
	=	49.403	+	380.726
	=	430.13

BlueHarbor Bank's Total Assets for the quarter that ended in Sep. 2024 is calculated as

Total Assets	=	Total Equity (Q: Sep. 2024 )	+	Total Liabilities (Q: Sep. 2024 )
	=	54.308	+	431.725
	=	486.03

BlueHarbor Bank (OTCPK:BLHK) Total Assets Explanation

Total Assets is connected with ROA %.

BlueHarbor Bank's annualized ROA % for the quarter that ended in Sep. 2024 is

ROA %	=	Net Income (Q: Sep. 2024 )	/	( (Total Assets (Q: Jun. 2024 )	+	Total Assets (Q: Sep. 2024 ))	/ count )
	=	7.632	/	( (463.314	+	486.033)	/ 2 )
	=	7.632	/	474.6735
	=	1.61 %

Note: The Net Income data used here is four times the quarterly (Sep. 2024) data.

In the article Joining The Dark Side: Pirates, Spies and Short Sellers, James Montier reported that In their US sample covering the period 1968-2003, Cooper et al find that firms with low asset growth outperformed firms with high asset growth by an astounding 20% p.a. equally weighted. Even when controlling for market, size and style, low asset growth firms outperformed high asset growth firms by 13% p.a. Therefore a company with fast asset growth may underperform.

Total Assets is linked to total revenue through Asset Turnover.

BlueHarbor Bank's Asset Turnover for the quarter that ended in Sep. 2024 is

	Asset Turnover
=	Revenue (Q: Sep. 2024 )	/	( (Total Assets (Q: Jun. 2024 )	+	Total Assets (Q: Sep. 2024 ))	/ count )
=	5.248	/	( (463.314	+	486.033)	/ 2 )
=	5.248	/	474.6735
=	0.01

Therefore, if a company grows its Total Assets faster than its Revenue, the Asset Turnover will decline. This might be a warning sign for the business.

BlueHarbor Bank Total Assets Related Terms

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BlueHarbor Bank Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » BlueHarbor Bank (OTCPK:BLHK) » Definitions » Total Assets

Comparable Companies

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Address

106 Corporate Park Drive, Morrison Plantation, Mooresville, NC, USA, 28117

Website

https://www.blueharborbank.com

BlueHarbor Bank provides personal and commercial banking products and online banking services and also e-blue online banking. It provides various banking products and services. It accepts personal and business checking, savings, and investment accounts; and offers personal loans and business loans. The company also provides credit cards; and remote deposit capture and merchant services. The Bank currently serves Iredell and Surry Counties, North Carolina, and surrounding areas through its banking offices in Mooresville, Statesville, and Mount Airy, North Carolina.