Merchants Bancshares (Merchants Bancshares) Scaled Net Operating Assets : 0.08 (As of Mar. 2017)

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What is Merchants 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.

Merchants Bancshares's operating assets for the quarter that ended in Mar. 2017 was $1,933.49 Mil. Merchants Bancshares's operating liabilities for the quarter that ended in Mar. 2017 was $1,765.65 Mil. Merchants Bancshares's Total Assets for the quarter that ended in Dec. 2016 was $2,062.66 Mil. Therefore, Merchants Bancshares's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2017 was 0.08.

Merchants 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.

Merchants Bancshares'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 )
=	(1979.705	-	1841.885)	/	2021.237
=	0.07

where

	Operating Assets		(A: Dec. 2016 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	2062.658	-	82.953
=	1979.705

	Operating Liabilities		(A: Dec. 2016 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	1906.155	-	24.27	-	40
=	1841.885

Merchants Bancshares's Scaled Net Operating Assets (SNOA) for the quarter that ended in Mar. 2017 is calculated as

	Scaled Net Operating Assets (SNOA)		(Q: Mar. 2017 )
=	(Operating Assets (Q: Mar. 2017 )	-	Operating Liabilities (Q: Mar. 2017 ))	/	Total Assets (Q: Dec. 2016 )
=	(1933.486	-	1765.647)	/	2062.658
=	0.08

where

	Operating Assets		(Q: Mar. 2017 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	2023.544	-	90.058
=	1933.486

	Operating Liabilities		(Q: Mar. 2017 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	1864.896	-	24.249	-	75
=	1765.647

* 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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Merchants Bancshares (Merchants Bancshares) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Merchants Bancshares Inc (NAS:MBVT) » Definitions » Scaled Net Operating Assets

Comparable Companies

Traded in Other Exchanges

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Address

Website

http://www.mbvt.com

Merchants Bancshares Inc is a bank holding company organized under Vermont law in 1983. Merchants Bank, the Company's primary subsidiary, is a Vermont commercial bank with 32 full-service banking offices located throughout the state of Vermont. The Company, through its subsidiary, offers a full range of deposit, loan, cash management, and trust services to meet the financial needs of individual consumers, businesses and municipalities at 32 full-service banking offices throughout the state of Vermont. Its trust division offers investment management, financial planning and trustee services. The Company competes in Vermont for deposit and loan business not only with other commercial and savings banks, and savings and loan associations, but also with credit unions and other non-bank financial providers. It is subject to extensive regulation and supervision, including, in many cases, regulation that limits the type and scope of its activities.

Executives

Jeffrey L Davis	director	275 KENNEDY DRIVE, SOUTH BURLINGTON VT 05403
Pecor Raymond C Iii	director	1 KING STREET DOCK, BURLINGTON VT 05401
Richard M Donovan	officer: Interim PAO, PFO and Treasurer	C/O FIRST SEACOAST BANCORP, 633 CENTRAL AVENUE, DOVER NH 03820
Bruce M Lisman	director	C/O MERCHANTS BANK, 275 KENNEDY DR, S. BURLINGTON VT 05403
Eric Andrew Segal	officer: Interim PAO, PFO and Treasurer	6489 DEERFIELD DRIVE, NEW HOPE PA 18938
Thomas J. Meshako	officer: Treasurer and CFO	MERCHANTS BANK, P.O. BOX 1009, BURLINGTON VT 05402
John A Kane	director	C/O MERCHANTS BANCSHARES, INC., 275 KENNEDY DRIVE, SOUTH BURLINGTON VT 05403
F Sheldon Prentice	officer: Senior Vice President	C/O NBT BANCORP, 52 BROAD STREET, NORWICH NY 13815
Charles A Davis	director	1 CAPE MAY ST, 1 CAPE MAY ST, HARRISON NJ 07029