Eastern Michigan Financial (Eastern Michigan Financial) Total Assets : $233.38 Mil (As of Dec. 2006)

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What is Eastern Michigan Financial Total Assets?

Eastern Michigan Financial's Total Assets for the quarter that ended in Dec. 2006 was $233.38 Mil.

Total Assets is connected with ROA %. Eastern Michigan Financial's annualized ROA % for the quarter that ended in Dec. 2006 was 1.00%. Total Assets is also linked to Revenue through Asset Turnover. Eastern Michigan Financial's Asset Turnover for the quarter that ended in Dec. 2006 was 0.04.

Eastern Michigan Financial Total Assets Historical Data

The historical data trend for Eastern Michigan Financial'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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Eastern Michigan Financial Total Assets Chart

Eastern Michigan Financial Annual Data

Trend

Dec02

Dec03

Dec04

Dec05

Dec06

Total Assets

219.34

231.80

228.06

231.59

233.38

Eastern Michigan Financial Semi-Annual Data
	Dec02	Dec03	Dec04	Dec05	Dec06
Total Assets	219.34	231.80	228.06	231.59	233.38

Eastern Michigan Financial 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.

Eastern Michigan Financial's Total Assets for the fiscal year that ended in Dec. 2006 is calculated as

Total Assets	=	Total Equity (A: Dec. 2006 )	+	Total Liabilities (A: Dec. 2006 )
	=	22.537	+	210.846
	=	233.38

Eastern Michigan Financial's Total Assets for the quarter that ended in Dec. 2006 is calculated as

Total Assets	=	Total Equity (Q: Dec. 2006 )	+	Total Liabilities (Q: Dec. 2006 )
	=	22.537	+	210.846
	=	233.38

Eastern Michigan Financial (OTCPK:EFIN) Total Assets Explanation

Total Assets is connected with ROA %.

Eastern Michigan Financial's annualized ROA % for the quarter that ended in Dec. 2006 is

ROA %	=	Net Income (Q: Dec. 2006 )	/	( (Total Assets (Q: Dec. 2005 )	+	Total Assets (Q: Dec. 2006 ))	/ count )
	=	2.32	/	( (231.589	+	233.383)	/ 2 )
	=	2.32	/	232.486
	=	1.00 %

Note: The Net Income data used here is one times the annual (Dec. 2006) 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.

Eastern Michigan Financial's Asset Turnover for the quarter that ended in Dec. 2006 is

	Asset Turnover
=	Revenue (Q: Dec. 2006 )	/	( (Total Assets (Q: Dec. 2005 )	+	Total Assets (Q: Dec. 2006 ))	/ count )
=	10.104	/	( (231.589	+	233.383)	/ 2 )
=	10.104	/	232.486
=	0.04

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.

Eastern Michigan Financial Total Assets Related Terms

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Eastern Michigan Financial (Eastern Michigan Financial) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Eastern Michigan Financial Corp (OTCPK:EFIN) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

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Address

65 North Howard Avenue, Croswell, MI, USA, 48422

Website

https://www.emb.bank

Eastern Michigan Financial Corp is a bank holding company. The Company through its holding provides baking products and services including personal banking, business banking and lending including diversified loans. Personal banking includes debit and credit cards, mobile banking and deposit services where Business banking includes cash management and other business-related services. The portfolio segments include commercial and industrial, agricultural, real estate related industries, other commercial loans, residential real estate, consumer and other, and home equity.

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