MBOF (Marine Bancorp FLA) Total Assets : $654.45 Mil (As of Dec. 2023)

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What is Marine Bancorp FLA Total Assets?

Marine Bancorp FLA's Total Assets for the quarter that ended in Dec. 2023 was $654.45 Mil.

During the past 12 months, Marine Bancorp FLA's average Total Assets Growth Rate was 3.10% per year. During the past 3 years, the average Total Assets Growth Rate was 21.20% per year.

During the past 5 years, Marine Bancorp FLA's highest 3-Year average Total Assets Growth Rate was 31.50%. The lowest was 21.20%. And the median was 26.35%.

Total Assets is connected with ROA %. Marine Bancorp FLA's annualized ROA % for the quarter that ended in Dec. 2023 was 0.71%. Total Assets is also linked to Revenue through Asset Turnover. Marine Bancorp FLA's Asset Turnover for the quarter that ended in Dec. 2023 was 0.03.

Marine Bancorp FLA Total Assets Historical Data

The historical data trend for Marine Bancorp FLA'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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Marine Bancorp FLA Total Assets Chart

Marine Bancorp FLA Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

286.13

425.32

547.58

636.70

654.45

Marine Bancorp FLA Semi-Annual Data
	Dec19	Dec20	Dec21	Dec22	Dec23
Total Assets	286.13	425.32	547.58	636.70	654.45

Marine Bancorp FLA 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.

Marine Bancorp FLA'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 )
	=	36.552	+	617.897
	=	654.45

Marine Bancorp FLA's Total Assets for the quarter that ended in Dec. 2023 is calculated as

Total Assets	=	Total Equity (Q: Dec. 2023 )	+	Total Liabilities (Q: Dec. 2023 )
	=	36.552	+	617.897
	=	654.45

Marine Bancorp FLA (OTCPK:MBOF) Total Assets Explanation

Total Assets is connected with ROA %.

Marine Bancorp FLA's annualized ROA % for the quarter that ended in Dec. 2023 is

ROA %	=	Net Income (Q: Dec. 2023 )	/	( (Total Assets (Q: Dec. 2022 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
	=	4.614	/	( (636.695	+	654.449)	/ 2 )
	=	4.614	/	645.572
	=	0.71 %

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

Marine Bancorp FLA's Asset Turnover for the quarter that ended in Dec. 2023 is

	Asset Turnover
=	Revenue (Q: Dec. 2023 )	/	( (Total Assets (Q: Dec. 2022 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
=	20.172	/	( (636.695	+	654.449)	/ 2 )
=	20.172	/	645.572
=	0.03

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.

Marine Bancorp FLA Total Assets Related Terms

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Marine Bancorp FLA Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Marine Bancorp FLA Inc (OTCPK:MBOF) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

571 Beachland Boulevard, Vero Beach, FL, USA, 32963

Website

https://www.marinebankandtrust.bank

Marine Bancorp FLA Inc, through its subsidiary, is engaged in providing banking and related services. The Bank offers a variety of community banking services to individuals and corporate customers. The company offers Checking, Loans, Debit cards, Credit cards, Commercial Loans, Merchant Services, Business savings and money markets, Mobile Banking and related services. The loan portfolio segment includes Commercial real estate, Residential real estate, Construction and land development, Commercial and Consumer.

Marine Bancorp FLA Headlines

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