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Unity Bancorp (Unity Bancorp) Scaled Net Operating Assets : 0.12 (As of Mar. 2024)


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What is Unity 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.

Unity Bancorp's operating assets for the quarter that ended in Mar. 2024 was $2,290.4 Mil. Unity Bancorp's operating liabilities for the quarter that ended in Mar. 2024 was $1,991.6 Mil. Unity Bancorp's Total Assets for the quarter that ended in Dec. 2023 was $2,578.5 Mil. Therefore, Unity Bancorp's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2024 was 0.12.

Unity 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.

Unity Bancorp'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 )
=(2383.731-1950.329)/2444.948
=0.18

where

Operating Assets(A: Dec. 2023 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=2578.507 - 194.776
=2383.731

Operating Liabilities(A: Dec. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=2317.077 - 366.748 - 0
=1950.329

Unity Bancorp'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 )
=(2290.42-1991.62)/2578.507
=0.12

where

Operating Assets(Q: Mar. 2024 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=2568.088 - 277.668
=2290.42

Operating Liabilities(Q: Mar. 2024 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=2301.327 - 309.707 - 0
=1991.62

* 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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Unity Bancorp (Unity Bancorp) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Unity Bancorp Inc (NAS:UNTY) » Definitions » Scaled Net Operating Assets
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Traded in Other Exchanges
UTB:Germany
Address
64 Old Highway 22, Clinton, NJ, USA, 08809
Website
http://www.unitybank.com
Unity Bancorp Inc is a bank holding company that serves as a holding company for Unity Bank. It conducts a traditional and community-oriented commercial banking business and offers services, including personal and business checking accounts, time deposits, money market accounts and regular savings accounts. The company structures its specific services and charges in a manner designed to attract the business of the small and medium sized business and professional community, as well as that of individuals residing, working and shopping in its service area. The company engages in a wide range of lending activities and offers commercial, Small Business Administration, consumer, mortgage, home equity and personal loans.
Executives
Daniel C Sharabba officer: Senior Retail Officer/SVP C/O, 64 OLD HIGHWAY 22, CLINTON NJ 08809
Minsu Kim officer: Chief Credit Officer/SVP C/O, 64 OLD HIGHWAY 22, CLINTON NJ 08809
Vincent Geraci officer: Director of Mortgage Lending C/O, 64 OLD HIGHWAY 22, CLINTON NJ 08809
Souders Donald E. Jr. director C/O UNITY BANK, 64 OLD HIGHWAY 22, CLINTON NJ 08809
James R Davies officer: Controller/FVP C/O, 64 OLD HIGHWAY 22, CLINTON NJ 08809
Dallas Robert H Ii director, 10 percent owner C/O UNITY BANCORP INC, 64 OLD HIGHWAY 22, CLINTON NJ 08809
David D Dallas director, 10 percent owner, other: Chairman of the Board C/O UNITY BANCORP INC, 64 OLD HIGHWAY 22, CLINTON NJ 08809
George Boyan officer: Chief Financial Officer C/O, 64 OLD HIGHWAY 22, CLINTON NJ 08809
Wayne Courtright director 9 MICHAEL COURT, MILLSTONE TOWNSHIP NJ 07726
John J Kauchak officer: EVP/COO C/O UNITYBANK CORP, 64 OLD HWY 22, CLINTON NJ 08809
Janice Bolomey officer: EVP/CAO C/O UNITY BANK, 64 OLD HIGHWAY 22, CLINTON NJ 08809
James Joseph Donovan officer: Chief Lending Officer/SVP C/O, 64 OLD HIGHWAY 22, CLINTON NJ 08809
Stephen Rooney officer: Chief Lending Officer/1st SVP 212 DOLSON AVENUE, MIDDLETOWN NY 10940
Mark S Brody director
Laureen Cook officer: Chief Accounting Officer C/O UNITY BANK, 64 OLD HIGHWAY 22, CLINTON NJ 08809