PRMY (Primary Bk) Total Assets : $694.00 Mil (As of Dec. 2023)

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What is Primary Bk Total Assets?

Primary Bk's Total Assets for the quarter that ended in Dec. 2023 was $694.00 Mil.

During the past 12 months, Primary Bk's average Total Assets Growth Rate was 2.30% per year. During the past 3 years, the average Total Assets Growth Rate was 11.40% per year.

During the past 5 years, Primary Bk's highest 3-Year average Total Assets Growth Rate was 34.90%. The lowest was 11.40%. And the median was 23.15%.

Total Assets is connected with ROA %. Primary Bk's annualized ROA % for the quarter that ended in Dec. 2023 was 1.48%. Total Assets is also linked to Revenue through Asset Turnover. Primary Bk's Asset Turnover for the quarter that ended in Dec. 2023 was 0.04.

Primary Bk Total Assets Historical Data

The historical data trend for Primary Bk'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.

* Premium members only.

Primary Bk Total Assets Chart

Primary Bk Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

299.19

565.56

670.78

654.19

694.00

Primary Bk Semi-Annual Data
	Dec19	Dec20	Dec21	Dec22	Dec23
Total Assets	299.19	565.56	670.78	654.19	694.00

Primary Bk 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.

Primary Bk'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 )
	=	88.264	+	605.732
	=	694.00

Primary Bk'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 )
	=	88.264	+	605.732
	=	694.00

Primary Bk (OTCPK:PRMY) Total Assets Explanation

Total Assets is connected with ROA %.

Primary Bk'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 )
	=	10.001	/	( (654.191	+	693.996)	/ 2 )
	=	10.001	/	674.0935
	=	1.48 %

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.

Primary Bk'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 )
=	27.749	/	( (654.191	+	693.996)	/ 2 )
=	27.749	/	674.0935
=	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.

Primary Bk Total Assets Related Terms

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Primary Bk Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Primary Bk (OTCPK:PRMY) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

207 Route 101, Bedford, NH, USA, 03110

Website

https://www.primarybanknh.com

Primary Bk is banking service provider. The services offered by the company include online banking, mobile banking, remote deposit, cash management, and credit cards.

Primary Bk Headlines

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