1st Summit Bancorp Johnstown (1st Summit Bancorp Johnstown) Total Assets : $0.00 Mil (As of Sep. 2023)

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What is 1st Summit Bancorp Johnstown Total Assets?

1st Summit Bancorp Johnstown's Total Assets for the quarter that ended in Sep. 2023 was $0.00 Mil.

During the past 12 months, 1st Summit Bancorp Johnstown's average Total Assets Growth Rate was 1.00% per year. During the past 3 years, the average Total Assets Growth Rate was 8.10% per year.

During the past 4 years, 1st Summit Bancorp Johnstown's highest 3-Year average Total Assets Growth Rate was 8.10%. The lowest was 8.10%. And the median was 8.10%.

Total Assets is connected with ROA %. 1st Summit Bancorp Johnstown's annualized ROA % for the quarter that ended in Sep. 2023 was 0.05%. Total Assets is also linked to Revenue through Asset Turnover. 1st Summit Bancorp Johnstown's Asset Turnover for the quarter that ended in Sep. 2023 was 0.01.

1st Summit Bancorp Johnstown Total Assets Historical Data

The historical data trend for 1st Summit Bancorp Johnstown'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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1st Summit Bancorp Johnstown Total Assets Chart

1st Summit Bancorp Johnstown Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Total Assets

1,120.69

1,257.44

1,324.22

1,361.78

1st Summit Bancorp Johnstown Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Total Assets	Get a 7-Day Free Trial											1,354.90	1,361.78	-	1,361.03	-

1st Summit Bancorp Johnstown 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.

1st Summit Bancorp Johnstown's Total Assets for the fiscal year that ended in Dec. 2022 is calculated as

Total Assets	=	Total Equity (A: Dec. 2022 )	+	Total Liabilities (A: Dec. 2022 )
	=	101.285	+	1260.49
	=	1,361.78

1st Summit Bancorp Johnstown's Total Assets for the quarter that ended in Sep. 2023 is calculated as

Total Assets	=	Total Equity (Q: Sep. 2023 )	+	Total Liabilities (Q: Sep. 2023 )
	=	N/A	+	N/A
	=	N/A

1st Summit Bancorp Johnstown (OTCPK:FSMK) Total Assets Explanation

Total Assets is connected with ROA %.

1st Summit Bancorp Johnstown's annualized ROA % for the quarter that ended in Sep. 2023 is

ROA %	=	Net Income (Q: Sep. 2023 )	/	( (Total Assets (Q: Jun. 2023 )	+	Total Assets (Q: Sep. 2023 ))	/ count )
	=	0.716	/	( (1361.027	+	0)	/ 1 )
	=	0.716	/	1361.027
	=	0.05 %

Note: The Net Income data used here is four times the quarterly (Sep. 2023) 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.

1st Summit Bancorp Johnstown's Asset Turnover for the quarter that ended in Sep. 2023 is

	Asset Turnover
=	Revenue (Q: Sep. 2023 )	/	( (Total Assets (Q: Jun. 2023 )	+	Total Assets (Q: Sep. 2023 ))	/ count )
=	7.645	/	( (1361.027	+	0)	/ 1 )
=	7.645	/	1361.027
=	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.

1st Summit Bancorp Johnstown Total Assets Related Terms

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1st Summit Bancorp Johnstown (1st Summit Bancorp Johnstown) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » 1st Summit Bancorp Johnstown Inc (OTCPK:FSMK) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

125 Donald Lane, P.O. Box 5480, Johnstown, PA, USA, 15904

Website

https://www.1stsummit.bank

1st Summit Bancorp Johnstown Inc through its subsidiaries provides banking, trust, financial and investment services to individuals and businesses. The company accepts various deposits, such as checking, savings, interest-bearing and noninterest-bearing demand deposit, money market, and individual retirement accounts, as well as certificates of deposit. It offers personal loans, including auto, recreational vehicle, bill consolidation, credit line, and educational loans; home equity loans; home equity line of credit; home mortgage loans; mortgage construction; business lines of credit; residential real estate loans; residential and commercial mortgage; equipment loans; equipment leasing; small business administration loans; and commercial vehicle loans.

1st Summit Bancorp Johnstown (1st Summit Bancorp Johnstown) Headlines

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