First Sound Bank WA (First Sound Bank WA) Total Assets : $160.86 Mil (As of Sep. 2023)

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What is First Sound Bank WA Total Assets?

First Sound Bank WA's Total Assets for the quarter that ended in Sep. 2023 was $160.86 Mil.

During the past 12 months, First Sound Bank WA's average Total Assets Growth Rate was -17.80% per year.

Total Assets is connected with ROA %. First Sound Bank WA's annualized ROA % for the quarter that ended in Sep. 2023 was -0.33%. Total Assets is also linked to Revenue through Asset Turnover. First Sound Bank WA's Asset Turnover for the quarter that ended in Sep. 2023 was 0.01.

First Sound Bank WA Total Assets Historical Data

The historical data trend for First Sound Bank WA's Total Assets can be seen below:

* 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 Sound Bank WA Total Assets Chart

First Sound Bank WA Annual Data

Trend

Dec04

Dec05

Dec06

Total Assets

46.45

89.46

132.76

First Sound Bank WA Quarterly Data
	Sep04	Dec04	Mar05	Jun05	Sep05	Dec05	Mar06	Jun06	Sep06	Dec06	Mar07	Jun07	Sep07	Jun22	Sep22	Jun23	Sep23
Total Assets	Get a 7-Day Free Trial												197.22	-	-	158.98	160.86

First Sound Bank WA Total Assets Calculation

Total Assets are all the assets a company owns.

From the capital sources of the assets, some of the assets are funded through shareholder's paid in capital and retained earnings of the business. Others are funded through borrowed money.

First Sound Bank WA's Total Assets for the fiscal year that ended in Dec. 2006 is calculated as

Total Assets	=	Total Equity (A: Dec. 2006 )	+	Total Liabilities (A: Dec. 2006 )
	=	28.728	+	104.03
	=	132.76

First Sound Bank WA's Total Assets for the quarter that ended in Sep. 2023 is calculated as

Total Assets	=	Total Equity (Q: Sep. 2023 )	+	Total Liabilities (Q: Sep. 2023 )
	=	14.995	+	145.869
	=	160.86

First Sound Bank WA (OTCPK:FSWA) Total Assets Explanation

Total Assets is connected with ROA %.

First Sound Bank WA's annualized ROA % for the quarter that ended in Sep. 2023 is

ROA %	=	Net Income (Q: Sep. 2023 )	/	( (Total Assets (Q: Jun. 2023 )	+	Total Assets (Q: Sep. 2023 ))	/ count )
	=	-0.524	/	( (158.983	+	160.864)	/ 2 )
	=	-0.524	/	159.9235
	=	-0.33 %

Note: The Net Income data used here is four times the quarterly (Sep. 2023) data.

In the article Joining The Dark Side: Pirates, Spies and Short Sellers, James Montier reported that In their US sample covering the period 1968-2003, Cooper et al find that firms with low asset growth outperformed firms with high asset growth by an astounding 20% p.a. equally weighted. Even when controlling for market, size and style, low asset growth firms outperformed high asset growth firms by 13% p.a. Therefore a company with fast asset growth may underperform.

Total Assets is linked to total revenue through Asset Turnover.

First Sound Bank WA's Asset Turnover for the quarter that ended in Sep. 2023 is

	Asset Turnover
=	Revenue (Q: Sep. 2023 )	/	( (Total Assets (Q: Jun. 2023 )	+	Total Assets (Q: Sep. 2023 ))	/ count )
=	1.253	/	( (158.983	+	160.864)	/ 2 )
=	1.253	/	159.9235
=	0.01

Therefore, if a company grows its Total Assets faster than its Revenue, the Asset Turnover will decline. This might be a warning sign for the business.

First Sound Bank WA Total Assets Related Terms

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First Sound Bank WA (First Sound Bank WA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » First Sound Bank WA (OTCPK:FSWA) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

925 Fourth Avenue, Suite 2350, Seattle, WA, USA, 98104

Website

https://www.firstsoundbank.com

First Sound Bank WA is a commercial bank. It provides loan and deposit services to customers who are predominately small and midsized businesses, not-for-profit organizations, entrepreneurs, and professional service firms. The Bank provides small commercial equipment financing agreements (EFA) to businesses that are located throughout the United States. Additionally, the group also provides business banking, equipment financing, personal banking, and online banking services.