Morris State Bancshares (Morris State Bancshares) Scaled Net Operating Assets : 0.09 (As of Mar. 2024)

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What is Morris State 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.

Morris State Bancshares's operating assets for the quarter that ended in Mar. 2024 was $1,354.13 Mil. Morris State Bancshares's operating liabilities for the quarter that ended in Mar. 2024 was $1,219.24 Mil. Morris State Bancshares's Total Assets for the quarter that ended in Dec. 2023 was $1,424.91 Mil. Therefore, Morris State Bancshares's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2024 was 0.09.

Morris State 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.

Morris State Bancshares's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2023 is calculated as

	Scaled Net Operating Assets (SNOA)		(A: Dec. 2023 )
=	(Operating Assets (A: Dec. 2023 )	-	Operating Liabilities (A: Dec. 2023 ))	/	Total Assets (A: Dec. 2022 )
=	(1392.5	-	1218.495)	/	1425.809
=	0.12

where

	Operating Assets		(A: Dec. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	1424.906	-	32.406
=	1392.5

	Operating Liabilities		(A: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	1246.772	-	28.277	-	0
=	1218.495

Morris State Bancshares's Scaled Net Operating Assets (SNOA) for the quarter that ended in Mar. 2024 is calculated as

	Scaled Net Operating Assets (SNOA)		(Q: Mar. 2024 )
=	(Operating Assets (Q: Mar. 2024 )	-	Operating Liabilities (Q: Mar. 2024 ))	/	Total Assets (Q: Dec. 2023 )
=	(1354.127	-	1219.242)	/	1424.906
=	0.09

where

	Operating Assets		(Q: Mar. 2024 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	1429.427	-	75.3
=	1354.127

	Operating Liabilities		(Q: Mar. 2024 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	1247.448	-	28.206	-	0
=	1219.242

* 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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Morris State Bancshares (Morris State Bancshares) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

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Address

1300 Bellevue Avenue, Dublin, GA, USA, 31021

Website

https://www.morris.bank

Morris State Bancshares Inc operates as a bank. It provides a variety of financial services to individuals and small businesses through its offices in middle Georgia. The Bank offers a full range of commercial and personal loan products. It makes loans to individuals for purposes such as home mortgage financing, personal vehicles and various consumer purchases, and other personal and family needs. Commercial loans are offered to businesses for purposes such as providing equipment and machinery purchases, commercial real estate purchases, and working capital. The Bank also provides a full range of deposit services that are typically available from financial institutions, including NOW accounts, demand, savings, and other time deposits.