First Federal of Northern Michigan Bancorp (First Federal of Northern Michigan Bancorp) Scaled Net Operating Assets : 0.06 (As of Sep. 2017)

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What is First Federal of Northern Michigan Bancorp 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.

First Federal of Northern Michigan Bancorp's operating assets for the quarter that ended in Sep. 2017 was $321.31 Mil. First Federal of Northern Michigan Bancorp's operating liabilities for the quarter that ended in Sep. 2017 was $301.46 Mil. First Federal of Northern Michigan Bancorp's Total Assets for the quarter that ended in Jun. 2017 was $342.16 Mil. Therefore, First Federal of Northern Michigan Bancorp's scaled net operating assets (SNOA) for the quarter that ended in Sep. 2017 was 0.06.

First Federal of Northern Michigan Bancorp 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.

First Federal of Northern Michigan Bancorp's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2016 is calculated as

	Scaled Net Operating Assets (SNOA)		(A: Dec. 2016 )
=	(Operating Assets (A: Dec. 2016 )	-	Operating Liabilities (A: Dec. 2016 ))	/	Total Assets (A: Dec. 2015 )
=	(330.711	-	294.534)	/	336.009
=	0.11

where

	Operating Assets		(A: Dec. 2016 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	344.94	-	14.229
=	330.711

	Operating Liabilities		(A: Dec. 2016 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	312.051	-	17.517	-	0
=	294.534

First Federal of Northern Michigan Bancorp's Scaled Net Operating Assets (SNOA) for the quarter that ended in Sep. 2017 is calculated as

	Scaled Net Operating Assets (SNOA)		(Q: Sep. 2017 )
=	(Operating Assets (Q: Sep. 2017 )	-	Operating Liabilities (Q: Sep. 2017 ))	/	Total Assets (Q: Jun. 2017 )
=	(321.309	-	301.458)	/	342.164
=	0.06

where

	Operating Assets		(Q: Sep. 2017 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	336.288	-	14.979
=	321.309

	Operating Liabilities		(Q: Sep. 2017 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	301.747	-	0.289	-	0
=	301.458

* 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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First Federal of Northern Michigan Bancorp (First Federal of Northern Michigan Bancorp) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » First Federal of Northern Michigan Bancorp Inc (OTCPK:FFNM) » Definitions » Scaled Net Operating Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.first-federal.com

First Federal of Northern Michigan Bancorp Inc operates as a full-service, community-oriented savings bank whose primary lending activity is the origination of one- to four-family residential real estate mortgages, commercial real estate loans, commercial loans, and consumer loans. Its primary services include accepting deposits, making a commercial, consumer and mortgage loans, and engaging in mortgage banking activities. Geographically all the operation of the group is functioned through the region of US.

Executives

Martin A Thomson

director