Golden State Bancorp
Golden State Bancorp operates as the holding company for Golden State Bank that provides personal and business banking services in Los Angeles, Orange, Riverside, San Diego, Ventura, and San Bernardino counties in California. The company accepts checking, savings, deposits, and money market accounts, and cash management services, as well as certificates of deposit. Its loan products comprise comm… Read more
Golden State Bancorp (GSBX) - Net Assets
Latest net assets as of September 2025: $78.89 Million USD
Based on the latest financial reports, Golden State Bancorp (GSBX) has net assets worth $78.89 Million USD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($927.95 Million) and total liabilities ($849.06 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $78.89 Million |
| % of Total Assets | 8.5% |
| Annual Growth Rate | 7.09% |
| 5-Year Change | 130.6% |
| 10-Year Change | 418.05% |
| Growth Volatility | 136.51 |
Golden State Bancorp - Net Assets Trend (2003–2024)
This chart illustrates how Golden State Bancorp's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Golden State Bancorp (2003–2024)
The table below shows the annual net assets of Golden State Bancorp from 2003 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $71.35 Million | +13.83% |
| 2023-12-31 | $62.68 Million | +14.99% |
| 2022-12-31 | $54.51 Million | +43.69% |
| 2021-12-31 | $37.94 Million | +22.61% |
| 2020-12-31 | $30.94 Million | -1.41% |
| 2019-12-31 | $31.38 Million | +4.82% |
| 2018-12-31 | $29.94 Million | +42.78% |
| 2017-12-31 | $20.97 Million | +48.78% |
| 2016-12-31 | $14.09 Million | +2.33% |
| 2015-12-31 | $13.77 Million | -88.01% |
| 2006-12-31 | $114.91 Million | +15.24% |
| 2005-12-31 | $99.71 Million | +489.36% |
| 2003-12-31 | $16.92 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Golden State Bancorp's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 1596805800.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $15.54 Million | 21.78% |
| Other Components | $55.81 Million | 78.22% |
| Total Equity | $71.35 Million | 100.00% |
Golden State Bancorp Competitors by Market Cap
The table below lists competitors of Golden State Bancorp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Huvis Corporation
KO:079980
|
$26.51 Million |
|
Fountain Set (Holdings) Limited
F:FOV
|
$26.51 Million |
|
Covalon Technologies Ltd
OTCQX:CVALF
|
$26.51 Million |
|
Busan Ind
KO:011390
|
$26.52 Million |
|
RFTech Co. Ltd
KQ:061040
|
$26.51 Million |
|
Fattal 1998 Holdings Ltd
TA:FTAL
|
$26.50 Million |
|
Inpro SA
WAR:INP
|
$26.50 Million |
|
Touax SCA
PA:TOUP
|
$26.50 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Golden State Bancorp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 62,679,635 to 71,349,461, a change of 8,669,826 (13.8%).
- Net income of 8,118,832 contributed positively to equity growth.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $8.12 Million | +11.38% |
| Other Changes | $550.99K | +0.77% |
| Total Change | $- | 13.83% |
Book Value vs Market Value Analysis
This analysis compares Golden State Bancorp's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.95x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has increased from 0.13x to 0.95x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2003-12-31 | $192.19 | $24.50 | x |
| 2004-12-31 | $182.95 | $24.50 | x |
| 2005-12-31 | $362.36 | $24.50 | x |
| 2006-12-31 | $384.82 | $24.50 | x |
| 2015-12-31 | $0.00 | $24.50 | x |
| 2016-12-31 | $0.00 | $24.50 | x |
| 2017-12-31 | $0.00 | $24.50 | x |
| 2018-12-31 | $0.00 | $24.50 | x |
| 2021-12-31 | $18.53 | $24.50 | x |
| 2022-12-31 | $26.17 | $24.50 | x |
| 2023-12-31 | $24.22 | $24.50 | x |
| 2024-12-31 | $25.81 | $24.50 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Golden State Bancorp utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 11.38%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 27.14%
- • Asset Turnover: 0.04x
- • Equity Multiplier: 11.73x
- Recent ROE (11.38%) is above the historical average (6.28%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2003 | -1.14% | -986.60% | 0.00x | 1.63x | $-1.18 Million |
| 2004 | -6.56% | -44.51% | 0.02x | 6.27x | $-1.66 Million |
| 2005 | 2.61% | 14.68% | 0.04x | 4.96x | $-1.49 Million |
| 2006 | 4.68% | 16.04% | 0.05x | 5.38x | $-1.14 Million |
| 2015 | -6.61% | -16.22% | 0.04x | 11.61x | $-1.80 Million |
| 2016 | 2.46% | 4.92% | 0.04x | 14.21x | $-842.73K |
| 2017 | 10.14% | 24.81% | 0.03x | 11.88x | $24.73K |
| 2018 | 32.71% | 83.83% | 0.03x | 11.39x | $6.14 Million |
| 2019 | 4.47% | 10.90% | 0.04x | 11.16x | $-1.74 Million |
| 2020 | -1.86% | -4.92% | 0.03x | 14.19x | $-3.67 Million |
| 2021 | 9.36% | 20.05% | 0.03x | 13.87x | $-241.13K |
| 2022 | 14.10% | 30.48% | 0.04x | 11.90x | $2.23 Million |
| 2023 | 12.16% | 28.21% | 0.04x | 11.64x | $1.35 Million |
| 2024 | 11.38% | 27.14% | 0.04x | 11.73x | $983.89K |
Industry Comparison
This section compares Golden State Bancorp's net assets metrics with peer companies in the Banks - Regional industry.
Industry Context
- Industry: Banks - Regional
- Average net assets among peers: $25,670,820,700
- Average return on equity (ROE) among peers: 9.44%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Golden State Bancorp (GSBX) | $78.89 Million | -1.14% | 10.76x | $26.51 Million |
| Ameris Bancorp (ABCB) | $120.94 Million | 10.83% | 9.48x | $4.91 Billion |
| ACNB Corporation (ACNB) | $2.75 Billion | 1.01% | 0.01x | $462.57 Million |
| Addiko Bank AG (ADBKF) | $839.50 Million | 5.41% | 6.63x | $210.07 Million |
| Affinity Bancshares Inc (AFBI) | $120.97 Million | 6.26% | 5.51x | $79.94 Million |
| Absa Group Limited (AGRPF) | $19.52 Billion | 23.08% | 14.72x | $6.72 Billion |
| AIB Group plc (AIBGY) | $14.46 Billion | -16.17% | 8.45x | $21.72 Billion |
| Akbank Turk Anonim Sirketi (AKBTY) | $211.22 Billion | 31.48% | 8.02x | $8.60 Billion |
| Alpha Bank SA (ALBKY) | $7.32 Billion | 8.44% | 8.89x | $1.12 Billion |
| Community Capital Bancshares Inc (ALBY) | $9.19 Million | 7.09% | 8.66x | $19.76 Million |
| Alpine Banks of Colorado (ALPIB) | $342.89 Million | 16.92% | 10.27x | $248.47 Million |