Citizens Bancshares (Citizens Bancshares) Scaled Net Operating Assets : 0.05 (As of Sep. 2016)

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What is Citizens Bancshares Scaled Net Operating Assets?

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Citizens Bancshares's operating assets for the quarter that ended in Sep. 2016 was $368.22 Mil. Citizens Bancshares's operating liabilities for the quarter that ended in Sep. 2016 was $348.69 Mil. Citizens Bancshares's Total Assets for the quarter that ended in Jun. 2016 was $414.18 Mil. Therefore, Citizens Bancshares's scaled net operating assets (SNOA) for the quarter that ended in Sep. 2016 was 0.05.

Citizens Bancshares Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Citizens Bancshares's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2015 is calculated as

	Scaled Net Operating Assets (SNOA)		(A: Dec. 2015 )
=	(Operating Assets (A: Dec. 2015 )	-	Operating Liabilities (A: Dec. 2015 ))	/	Total Assets (A: Dec. 2014 )
=	(355.324	-	333.009)	/	395.639
=	0.06

where

	Operating Assets		(A: Dec. 2015 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	388.62	-	33.296
=	355.324

	Operating Liabilities		(A: Dec. 2015 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	338.244	-	5.235	-	0
=	333.009

Citizens Bancshares's Scaled Net Operating Assets (SNOA) for the quarter that ended in Sep. 2016 is calculated as

	Scaled Net Operating Assets (SNOA)		(Q: Sep. 2016 )
=	(Operating Assets (Q: Sep. 2016 )	-	Operating Liabilities (Q: Sep. 2016 ))	/	Total Assets (Q: Jun. 2016 )
=	(368.219	-	348.694)	/	414.176
=	0.05

where

	Operating Assets		(Q: Sep. 2016 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	406.754	-	38.535
=	368.219

	Operating Liabilities		(Q: Sep. 2016 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	353.914	-	5.22	-	0
=	348.694

* 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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Citizens Bancshares (Citizens Bancshares) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Citizens Bancshares Corp (OTCPK:CZBS) » Definitions » Scaled Net Operating Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

230 Peachtree Street NW, Suite 2700, Atlanta, GA, USA, 30303

Website

https://www.ctbconnect.com

Citizens Bancshares Corp is a bank holding company. The company provides a range of commercial banking to individual and corporate customers through its subsidiary. The bank offers a range of commercial and consumer deposit accounts, including non-interest-bearing checking accounts, individual retirement accounts, time certificates of deposit and regular savings accounts. Citizens Bancshares engages in a range of lending activities, including consumer/installment loans, mortgage loans, home equity lines of credit, and construction loans and commercial loans.

Executives

Cynthia N Day

director, officer: President & CEO

75 PIEDMONT AVE, ATLANTA GA 30303