Ballston Spa Bancorp Inc
Ballston Spa Bancorp, Inc. operates as a holding company for Ballston Spa National Bank that provides a range of banking, financing, fiduciary, brokerage, and other financial services to corporate, municipal, and individual customers in the United States. It offers checking, money market, savings, health savings, and individual retirement accounts, as well as certificates of deposit; loan product… Read more
Ballston Spa Bancorp Inc (BSPA) - Net Assets
Latest net assets as of September 2025: $68.75 Million USD
Based on the latest financial reports, Ballston Spa Bancorp Inc (BSPA) has net assets worth $68.75 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 ($914.21 Million) and total liabilities ($845.46 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 | $68.75 Million |
| % of Total Assets | 7.52% |
| Annual Growth Rate | 5.8% |
| 5-Year Change | 42.66% |
| 10-Year Change | 113.75% |
| Growth Volatility | 345.86 |
Ballston Spa Bancorp Inc - Net Assets Trend (2002–2024)
This chart illustrates how Ballston Spa Bancorp Inc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Ballston Spa Bancorp Inc (2002–2024)
The table below shows the annual net assets of Ballston Spa Bancorp Inc from 2002 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $64.50 Million | +7.80% |
| 2023-12-31 | $59.83 Million | +13.47% |
| 2022-12-31 | $52.73 Million | +5.73% |
| 2021-12-31 | $49.87 Million | +10.32% |
| 2020-12-31 | $45.21 Million | +10.89% |
| 2019-12-31 | $40.77 Million | +13.11% |
| 2018-12-31 | $36.04 Million | +5.87% |
| 2017-12-31 | $34.05 Million | +8.38% |
| 2016-12-31 | $31.41 Million | +4.11% |
| 2015-12-31 | $30.17 Million | -92.61% |
| 2014-12-31 | $408.40 Million | +7.24% |
| 2013-12-31 | $380.84 Million | +2.74% |
| 2012-12-31 | $370.70 Million | +1467.76% |
| 2006-12-31 | $23.64 Million | +5.37% |
| 2005-12-31 | $22.44 Million | +25.22% |
| 2004-12-31 | $17.92 Million | -6.04% |
| 2003-12-31 | $19.07 Million | +2.31% |
| 2002-12-31 | $18.64 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Ballston Spa Bancorp Inc'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 505.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $56.58 Million | 87.73% |
| Common Stock | $9.60 Million | 14.88% |
| Other Comprehensive Income | $-735.00K | -1.14% |
| Total Equity | $64.50 Million | 100.00% |
Ballston Spa Bancorp Inc Competitors by Market Cap
The table below lists competitors of Ballston Spa Bancorp Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Econpile Holdings Bhd
KLSE:5253
|
$30.62 Million |
|
Ping Ho Environmental Technology Co., Ltd.
TW:6771
|
$30.63 Million |
|
RHYTHM Biosciences Ltd
AU:RHY
|
$30.64 Million |
|
Generations Bancorp NY Inc
NASDAQ:GBNY
|
$30.65 Million |
|
Heidelberg Pharma AG
F:HPHA
|
$30.60 Million |
|
Emperor Capital Group Limited
F:HQF
|
$30.59 Million |
|
M2N Co.Ltd
KQ:033310
|
$30.58 Million |
|
Ledesma SAAI
BA:LEDE
|
$30.58 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Ballston Spa Bancorp Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 59,831,000 to 64,495,000, a change of 4,664,000 (7.8%).
- Net income of 5,234,000 contributed positively to equity growth.
- Dividend payments of 980,000 reduced retained earnings.
- Other comprehensive income increased equity by 410,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $5.23 Million | +8.12% |
| Dividends Paid | $980.00K | -1.52% |
| Other Comprehensive Income | $410.00K | +0.64% |
| Total Change | $- | 7.80% |
Book Value vs Market Value Analysis
This analysis compares Ballston Spa Bancorp Inc'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: 0.66x
- 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 decreased from 2.25x to 0.66x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2002-12-31 | $25.33 | $57.11 | x |
| 2003-12-31 | $25.69 | $57.11 | x |
| 2004-12-31 | $24.13 | $57.11 | x |
| 2005-12-31 | $29.08 | $57.11 | x |
| 2006-12-31 | $30.64 | $57.11 | x |
| 2012-12-31 | $35.75 | $57.11 | x |
| 2013-12-31 | $39.09 | $57.11 | x |
| 2014-12-31 | $39.31 | $57.11 | x |
| 2015-12-31 | $40.63 | $57.11 | x |
| 2016-12-31 | $42.30 | $57.11 | x |
| 2017-12-31 | $45.84 | $57.11 | x |
| 2018-12-31 | $48.53 | $57.11 | x |
| 2019-12-31 | $54.90 | $57.11 | x |
| 2020-12-31 | $60.88 | $57.11 | x |
| 2021-12-31 | $67.16 | $57.11 | x |
| 2022-12-31 | $71.00 | $57.11 | x |
| 2023-12-31 | $80.56 | $57.11 | x |
| 2024-12-31 | $86.84 | $57.11 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Ballston Spa Bancorp Inc 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): 8.12%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 12.03%
- • Asset Turnover: 0.05x
- • Equity Multiplier: 13.93x
- Recent ROE (8.12%) is below the historical average (8.38%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2002 | 2.65% | 4.02% | 0.05x | 14.12x | $-1.37 Million |
| 2003 | 6.99% | 10.59% | 0.04x | 14.91x | $-573.20K |
| 2004 | 4.82% | 7.33% | 0.04x | 16.91x | $-929.00K |
| 2005 | 6.28% | 11.19% | 0.04x | 13.79x | $-831.90K |
| 2006 | 8.41% | 15.41% | 0.04x | 13.54x | $-376.20K |
| 2012 | 8.31% | 15.38% | 0.03x | 15.87x | $-449.80K |
| 2013 | 9.02% | 17.23% | 0.04x | 14.02x | $-283.90K |
| 2014 | 8.29% | 16.45% | 0.03x | 14.52x | $-498.70K |
| 2015 | 7.05% | 13.07% | 0.04x | 14.66x | $-890.30K |
| 2016 | 7.57% | 14.10% | 0.04x | 14.11x | $-763.30K |
| 2017 | 9.63% | 16.30% | 0.04x | 14.71x | $-126.60K |
| 2018 | 13.18% | 20.14% | 0.04x | 14.83x | $1.15 Million |
| 2019 | 9.58% | 15.22% | 0.04x | 14.43x | $-172.00K |
| 2020 | 11.04% | 18.23% | 0.04x | 15.26x | $468.00K |
| 2021 | 10.32% | 19.46% | 0.03x | 15.41x | $157.60K |
| 2022 | 11.56% | 21.89% | 0.04x | 14.33x | $820.00K |
| 2023 | 7.99% | 13.40% | 0.04x | 13.76x | $-1.20 Million |
| 2024 | 8.12% | 12.03% | 0.05x | 13.93x | $-1.22 Million |
Industry Comparison
This section compares Ballston Spa Bancorp Inc'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 |
|---|---|---|---|---|
| Ballston Spa Bancorp Inc (BSPA) | $68.75 Million | 2.65% | 12.30x | $30.61 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 |