Prime Meridian Holding Co (Prime Meridian Holding Co) Scaled Net Operating Assets : -0.03 (As of Mar. 2024)

View and export this data going back to 2015. Start your Free Trial

What is Prime Meridian Holding Co 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.

Prime Meridian Holding Co's operating assets for the quarter that ended in Mar. 2024 was $730.37 Mil. Prime Meridian Holding Co's operating liabilities for the quarter that ended in Mar. 2024 was $757.43 Mil. Prime Meridian Holding Co's Total Assets for the quarter that ended in Dec. 2023 was $854.53 Mil. Therefore, Prime Meridian Holding Co's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2024 was -0.03.

Prime Meridian Holding Co 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.

Prime Meridian Holding Co'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 )
=	(840.968	-	754.162)	/	815.172
=	0.11

where

	Operating Assets		(A: Dec. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	854.528	-	13.56
=	840.968

	Operating Liabilities		(A: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	774.552	-	18.013	-	2.377
=	754.162

Prime Meridian Holding Co'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 )
=	(730.368	-	757.427)	/	854.528
=	-0.03

where

	Operating Assets		(Q: Mar. 2024 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	862.66	-	132.292
=	730.368

	Operating Liabilities		(Q: Mar. 2024 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	781.221	-	22.963	-	0.831
=	757.427

* 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.

Prime Meridian Holding Co Scaled Net Operating Assets Related Terms

Thank you for viewing the detailed overview of Prime Meridian Holding Co's Scaled Net Operating Assets provided by GuruFocus.com. Please click on the following links to see related term pages.

Prime Meridian Holding Co (Prime Meridian Holding Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Prime Meridian Holding Co (OTCPK:PMHG) » Definitions » Scaled Net Operating Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

1471 Timberlane Road, Tallahassee, FL, USA, 32312

Website

https://www.primemeridianbank.com

Prime Meridian Holding Co is a bank holding company. Its services portfolio includes mobile banking, mobile deposit, Apple Pay, Bank-to-Bank transfers, online banking, demand interest-bearing, and non-interest-bearing accounts, and savings accounts, among others. It also offers commercial real estate loans, residential and home equity loans, construction loans, commercial loans, and consumer and other loans. The majority of revenues are derived from interest income and fees on loans, interest, and dividends from investment securities, and service charge income generated from demand accounts, ATM fees, and other services.