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Eastern Michigan Financial (Eastern Michigan Financial) Goodwill : $0.00 Mil (As of Dec. 2006)


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What is Eastern Michigan Financial Goodwill?

A Goodwill is an intangible asset that arises as a result of the acquisition of one company by another for a premium value. The value of a company's brand name, solid customer base, good customer relations, good employee relations and any patents or proprietary technology represent goodwill. Eastern Michigan Financial's goodwill for the quarter that ended in Dec. 2006 was $0.00 Mil.


Eastern Michigan Financial Goodwill Historical Data

The historical data trend for Eastern Michigan Financial's Goodwill 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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Eastern Michigan Financial Goodwill Chart

Eastern Michigan Financial Annual Data
Trend Dec02 Dec03 Dec04 Dec05 Dec06
Goodwill
- - - - -

Eastern Michigan Financial Semi-Annual Data
Dec02 Dec03 Dec04 Dec05 Dec06
Goodwill - - - - -

Eastern Michigan Financial Goodwill Calculation

A Goodwill is an intangible asset that arises as a result of the acquisition of one company by another for a premium value. The value of a company's brand name, solid customer base, good customer relations, good employee relations and any patents or proprietary technology represent goodwill. Goodwill is considered an intangible asset because it is not a physical asset like buildings or equipment. The goodwill account can be found in the assets portion of a company's balance sheet.


Eastern Michigan Financial  (OTCPK:EFIN) Goodwill Explanation

Goodwill to Asset ratio measures how much goodwill a company is recording compared to the total level of its assets.

It is calculated by dividing goodwill by total assets.

Eastern Michigan Financial's Goodwill-to-Asset Ratio for the fiscal year that ended in Dec. 2006 is calculated as

Goodwill-to-Asset (A: Dec. 2006 )=Goodwill/Total Assets
=0/233.383
=0.00

Eastern Michigan Financial's Goodwill-to-Asset Ratio for the quarter that ended in Dec. 2006 is calculated as

Goodwill-to-Asset (Q: Dec. 2006 )=Goodwill/Total Assets
=0/233.383
=0.00

* 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.

If the goodwill-to-asset ratio increases, it can mean that the company is recording a proportionately higher amount of goodwill, assuming total assets are remaining constant. It is generally good to see a company increasing its assets regularly; however, if these increases are coming from intangible assets, such as goodwill, the increases may not be as good.

Increases in the goodwill-to-asset ratio might suggest that a company has been aggressively acquiring other firms or has seen its tangible assets decrease in value. When a large portion of total assets are attributable to intangible assets (such as goodwill), the company may be at risk of having that portion of its asset base wiped out quickly if it must record any goodwill impairments. Decreases in the goodwill-to-assets ratio suggest that the company has either written down some goodwill or increased its tangible assets.

Asset needs vary from industry to industry. This is why comparing goodwill-to-assets ratios is generally most meaningful among companies within the same industry. By comparing a company's goodwill to assets ratio to those of other companies within the same industry, investors can get a feel for how a company is managing its goodwill.


Eastern Michigan Financial Goodwill Related Terms

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Eastern Michigan Financial (Eastern Michigan Financial) Business Description

Traded in Other Exchanges
N/A
Address
65 North Howard Avenue, Croswell, MI, USA, 48422
Eastern Michigan Financial Corp is a bank holding company. The Company through its holding provides baking products and services including personal banking, business banking and lending including diversified loans. Personal banking includes debit and credit cards, mobile banking and deposit services where Business banking includes cash management and other business-related services. The portfolio segments include commercial and industrial, agricultural, real estate related industries, other commercial loans, residential real estate, consumer and other, and home equity.

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