Eastern Michigan Financial (Eastern Michigan Financial) Scaled Net Operating Assets : 0.07 (As of Dec. 2006)

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What is Eastern Michigan Financial 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.

Eastern Michigan Financial's operating assets for the quarter that ended in Dec. 2006 was $227.78 Mil. Eastern Michigan Financial's operating liabilities for the quarter that ended in Dec. 2006 was $210.56 Mil. Eastern Michigan Financial's Total Assets for the quarter that ended in Dec. 2005 was $231.59 Mil. Therefore, Eastern Michigan Financial's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2006 was 0.07.

Eastern Michigan Financial 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.

Eastern Michigan Financial's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2006 is calculated as

	Scaled Net Operating Assets (SNOA)		(A: Dec. 2006 )
=	(Operating Assets (A: Dec. 2006 )	-	Operating Liabilities (A: Dec. 2006 ))	/	Total Assets (A: Dec. 2005 )
=	(227.784	-	210.561)	/	231.589
=	0.07

where

	Operating Assets		(A: Dec. 2006 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	233.383	-	5.599
=	227.784

	Operating Liabilities		(A: Dec. 2006 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	210.846	-	0.285	-	0
=	210.561

Eastern Michigan Financial's Scaled Net Operating Assets (SNOA) for the quarter that ended in Dec. 2006 is calculated as

	Scaled Net Operating Assets (SNOA)		(Q: Dec. 2006 )
=	(Operating Assets (Q: Dec. 2006 )	-	Operating Liabilities (Q: Dec. 2006 ))	/	Total Assets (Q: Dec. 2005 )
=	(227.784	-	210.561)	/	231.589
=	0.07

where

	Operating Assets		(Q: Dec. 2006 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	233.383	-	5.599
=	227.784

	Operating Liabilities		(Q: Dec. 2006 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	210.846	-	0.285	-	0
=	210.561

* 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 (Eastern Michigan Financial) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

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Address

65 North Howard Avenue, Croswell, MI, USA, 48422

Website

https://www.emb.bank

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.