Main Street Financial Services (Main Street Financial Services) Total Assets : $604.86 Mil (As of Dec. 2023)

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What is Main Street Financial Services Total Assets?

Main Street Financial Services's Total Assets for the quarter that ended in Dec. 2023 was $604.86 Mil.

During the past 12 months, Main Street Financial Services's average Total Assets Growth Rate was 2.10% per year. During the past 3 years, the average Total Assets Growth Rate was 7.20% per year. During the past 5 years, the average Total Assets Growth Rate was 7.60% per year.

During the past 7 years, Main Street Financial Services's highest 3-Year average Total Assets Growth Rate was 10.20%. The lowest was 4.60%. And the median was 7.65%.

Total Assets is connected with ROA %. Main Street Financial Services's annualized ROA % for the quarter that ended in Dec. 2023 was 1.06%. Total Assets is also linked to Revenue through Asset Turnover. Main Street Financial Services's Asset Turnover for the quarter that ended in Dec. 2023 was 0.01.

Main Street Financial Services Total Assets Historical Data

The historical data trend for Main Street Financial Services'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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Main Street Financial Services Total Assets Chart

Main Street Financial Services Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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473.18

511.06

607.43

603.79

604.86

Main Street Financial Services Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Total Assets	Get a 7-Day Free Trial															603.79	614.73	597.45	589.91	604.86

Main Street Financial Services 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.

Main Street Financial Services'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 )
	=	53.892	+	550.968
	=	604.86

Main Street Financial Services'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 )
	=	53.892	+	550.968
	=	604.86

Main Street Financial Services (OTCPK:MSWV) Total Assets Explanation

Total Assets is connected with ROA %.

Main Street Financial Services's annualized ROA % for the quarter that ended in Dec. 2023 is

ROA %	=	Net Income (Q: Dec. 2023 )	/	( (Total Assets (Q: Sep. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
	=	6.36	/	( (589.91	+	604.86)	/ 2 )
	=	6.36	/	597.385
	=	1.06 %

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

Main Street Financial Services's Asset Turnover for the quarter that ended in Dec. 2023 is

	Asset Turnover
=	Revenue (Q: Dec. 2023 )	/	( (Total Assets (Q: Sep. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
=	5.022	/	( (589.91	+	604.86)	/ 2 )
=	5.022	/	597.385
=	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.

Main Street Financial Services Total Assets Related Terms

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Main Street Financial Services (Main Street Financial Services) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Main Street Financial Services Corp (OTCPK:MSWV) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

2001 Main Street, Suite 100, Celoron Plaza, Wheeling, WV, USA, 26003

Website

https://www.mymainstreetbank.com

Main Street Financial Services Corp is a U.S based community bank. It is engaged in providing financial products and services which include ATM, Business Money Market, Drive-thru Services, Internet Banking, Safe Deposit Boxes and Non-profit Accounts among others.

Main Street Financial Services (Main Street Financial Services) Headlines

From GuruFocus

Wayne Savings Bancshares, Inc. and Main Street Financial Services Corp. announce Merger of Equals transaction, creating a community bank with assets in excess of $1.3 billion.

By PRNewswire PRNewswire • 02-23-2023

Main Street Financial Services Corp Reports Second Quarter Financial Results

By PRNewswire PRNewswire • 08-07-2020