Citizens National (Citizens National) Scaled Net Operating Assets : 0.07 (As of Mar. 2006)

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What is Citizens National 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 National's operating assets for the quarter that ended in Mar. 2006 was $351.05 Mil. Citizens National's operating liabilities for the quarter that ended in Mar. 2006 was $326.57 Mil. Citizens National's Total Assets for the quarter that ended in Dec. 2005 was $355.68 Mil. Therefore, Citizens National's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2006 was 0.07.

Citizens National 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 National's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2005 is calculated as

	Scaled Net Operating Assets (SNOA)		(A: Dec. 2005 )
=	(Operating Assets (A: Dec. 2005 )	-	Operating Liabilities (A: Dec. 2005 ))	/	Total Assets (A: Dec. 2004 )
=	(343.824	-	318.686)	/	337.945
=	0.07

where

	Operating Assets		(A: Dec. 2005 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	355.681	-	11.857
=	343.824

	Operating Liabilities		(A: Dec. 2005 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	324.916	-	6.23	-	0
=	318.686

Citizens National's Scaled Net Operating Assets (SNOA) for the quarter that ended in Mar. 2006 is calculated as

	Scaled Net Operating Assets (SNOA)		(Q: Mar. 2006 )
=	(Operating Assets (Q: Mar. 2006 )	-	Operating Liabilities (Q: Mar. 2006 ))	/	Total Assets (Q: Dec. 2005 )
=	(351.051	-	326.573)	/	355.681
=	0.07

where

	Operating Assets		(Q: Mar. 2006 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	364.174	-	13.123
=	351.051

	Operating Liabilities		(Q: Mar. 2006 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	332.773	-	3.2	-	3
=	326.573

* 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 National (Citizens National) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

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Address

620 Broadway, Paintsville, KY, USA, 41240

Website

https://www.wercitizens.bank

Citizens National Corp provides banking services. The company provides all necessary banking services and products to its customers. Its deposit products are checking, savings, and term certificate accounts, and its lending products are residential mortgage, commercial, and installment loans. Substantially all loans are secured by specific items of collateral including business assets, consumer assets, and commercial and residential real estate. Commercial loans are expected to be repaid from cash flow from the operations of businesses.