Community Bank of the Bay
Bay Community Bancorp operates as the bank holding company for Community Bank of the Bay that provides various banking services to individuals and businesses in the greater San Francisco Bay area. The company offers checking, savings, and money market products, as well as certificates of deposit; and loan products comprising business and term loans, lines of credit, letter of credit, commercial a… Read more
Community Bank of the Bay (CBOBA) - Net Assets
Latest net assets as of June 2024: $195.51 Million USD
Based on the latest financial reports, Community Bank of the Bay (CBOBA) has net assets worth $195.51 Million USD as of June 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($1.01 Billion) and total liabilities ($811.95 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 | $195.51 Million |
| % of Total Assets | 19.41% |
| Annual Growth Rate | 7.35% |
| 5-Year Change | 243.99% |
| 10-Year Change | 422.47% |
| Growth Volatility | 157.87 |
Community Bank of the Bay - Net Assets Trend (2002–2023)
This chart illustrates how Community Bank of the Bay's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Community Bank of the Bay (2002–2023)
The table below shows the annual net assets of Community Bank of the Bay from 2002 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | $192.86 Million | +4.34% |
| 2022-12-31 | $184.85 Million | +171.75% |
| 2021-12-31 | $68.02 Million | +10.16% |
| 2020-12-31 | $61.75 Million | +10.13% |
| 2019-12-31 | $56.07 Million | +502.48% |
| 2007-12-31 | $9.31 Million | +14.16% |
| 2006-12-31 | $8.15 Million | +7.73% |
| 2005-12-31 | $7.57 Million | -81.28% |
| 2004-12-31 | $40.43 Million | +9.53% |
| 2003-12-31 | $36.91 Million | -15.19% |
| 2002-12-31 | $43.53 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Community Bank of the Bay'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 3465541200.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $29.59 Million | 15.34% |
| Common Stock | $49.27 Million | 25.55% |
| Other Comprehensive Income | $-5.37 Million | -2.78% |
| Other Components | $119.37 Million | 61.89% |
| Total Equity | $192.86 Million | 100.00% |
Community Bank of the Bay Competitors by Market Cap
The table below lists competitors of Community Bank of the Bay ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Logwin AG
XETRA:TGHN
|
$111.95 Million |
|
First Mining Gold Corp
OTCQX:FFMGF
|
$111.98 Million |
|
Agenus Inc
NASDAQ:AGEN
|
$112.04 Million |
|
Kongsberg Automotive ASA
PINK:KGAUF
|
$112.04 Million |
|
Mycenax Biotech
TWO:4726
|
$111.86 Million |
|
GIFTEE INC.
F:84I
|
$111.76 Million |
|
Sebang
KO:004360
|
$111.75 Million |
|
Iron Force Industrial Co Ltd
TW:2228
|
$111.74 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Community Bank of the Bay's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 184,845,903 to 192,862,088, a change of 8,016,185 (4.3%).
- Net income of 8,233,860 contributed positively to equity growth.
- Dividend payments of 1,706,365 reduced retained earnings.
- Share repurchases of 1,559,900 reduced equity.
- Other comprehensive income increased equity by 2,436,499.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $8.23 Million | +4.27% |
| Dividends Paid | $1.71 Million | -0.88% |
| Share Repurchases | $1.56 Million | -0.81% |
| Other Comprehensive Income | $2.44 Million | +1.26% |
| Other Changes | $612.09K | +0.32% |
| Total Change | $- | 4.34% |
Book Value vs Market Value Analysis
This analysis compares Community Bank of the Bay'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: 0.64x
- 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 1.61x to 0.64x 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 | $8.67 | $13.95 | x |
| 2003-12-31 | $5.85 | $13.95 | x |
| 2004-12-31 | $4.38 | $13.95 | x |
| 2005-12-31 | $4.03 | $13.95 | x |
| 2006-12-31 | $4.34 | $13.95 | x |
| 2019-12-31 | $6.31 | $13.95 | x |
| 2020-12-31 | $6.89 | $13.95 | x |
| 2021-12-31 | $7.50 | $13.95 | x |
| 2022-12-31 | $20.48 | $13.95 | x |
| 2023-12-31 | $21.73 | $13.95 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Community Bank of the Bay 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): 4.27%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 23.17%
- • Asset Turnover: 0.04x
- • Equity Multiplier: 5.06x
- Recent ROE (4.27%) is above the historical average (-0.66%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2002 | -18.58% | -29.08% | 0.04x | 16.41x | $-759.22K |
| 2003 | -41.05% | -52.80% | 0.04x | 20.81x | $-914.84K |
| 2004 | 0.92% | 3.33% | 0.05x | 5.61x | $-656.99K |
| 2005 | 5.34% | 15.56% | 0.05x | 7.27x | $-352.70K |
| 2006 | 5.25% | 11.98% | 0.05x | 8.36x | $-387.20K |
| 2007 | 6.18% | 14.65% | 0.06x | 6.94x | $-355.60K |
| 2019 | 7.26% | 18.02% | 0.05x | 8.81x | $-1.53 Million |
| 2020 | 7.92% | 20.12% | 0.04x | 10.29x | $-1.29 Million |
| 2021 | 10.90% | 27.34% | 0.04x | 10.53x | $610.06K |
| 2022 | 4.36% | 22.55% | 0.04x | 5.25x | $-10.42 Million |
| 2023 | 4.27% | 23.17% | 0.04x | 5.06x | $-11.05 Million |
Industry Comparison
This section compares Community Bank of the Bay'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 |
|---|---|---|---|---|
| Community Bank of the Bay (CBOBA) | $195.51 Million | -18.58% | 4.15x | $111.94 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 |