Commercial National Financial Corporation
Commercial National Financial Corporation operates as the holding company for Commercial Bank that provides various banking products and services to individuals, agricultural and commercial businesses, and light industries in Michigan. It accepts various deposit products, including checking and savings accounts, individual retirement accounts, certificates of deposit, and health savings accounts.… Read more
Commercial National Financial Corporation (CEFC) - Net Assets
Latest net assets as of June 2025: $52.39 Million USD
Based on the latest financial reports, Commercial National Financial Corporation (CEFC) has net assets worth $52.39 Million USD as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($552.09 Million) and total liabilities ($499.71 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 | $52.39 Million |
| % of Total Assets | 9.49% |
| Annual Growth Rate | 4.36% |
| 5-Year Change | 22.24% |
| 10-Year Change | 112.47% |
| Growth Volatility | 8.93 |
Commercial National Financial Corporation - Net Assets Trend (1995–2024)
This chart illustrates how Commercial National Financial Corporation's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Commercial National Financial Corporation (1995–2024)
The table below shows the annual net assets of Commercial National Financial Corporation from 1995 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $50.53 Million | +7.95% |
| 2023-12-31 | $46.81 Million | +19.07% |
| 2022-12-31 | $39.31 Million | -12.43% |
| 2021-12-31 | $44.89 Million | +8.61% |
| 2020-12-31 | $41.34 Million | +6.66% |
| 2019-12-31 | $38.75 Million | +10.37% |
| 2018-12-31 | $35.11 Million | +6.94% |
| 2017-12-31 | $32.83 Million | +33.49% |
| 2016-12-31 | $24.60 Million | +3.42% |
| 2015-12-31 | $23.78 Million | +5.16% |
| 2014-12-31 | $22.62 Million | -9.94% |
| 2004-12-31 | $25.11 Million | +3.42% |
| 2003-12-31 | $24.28 Million | +2.44% |
| 2002-12-31 | $23.70 Million | +7.43% |
| 2001-12-31 | $22.06 Million | +9.72% |
| 2000-12-31 | $20.11 Million | +6.04% |
| 1999-12-31 | $18.96 Million | +7.39% |
| 1998-12-31 | $17.66 Million | +4.60% |
| 1997-12-31 | $16.88 Million | +8.95% |
| 1996-12-31 | $15.50 Million | +5.83% |
| 1995-12-31 | $14.64 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Commercial National Financial Corporation'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 1620.5% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $37.91 Million | 75.02% |
| Common Stock | $20.52 Million | 40.60% |
| Other Comprehensive Income | $-7.89 Million | -15.62% |
| Total Equity | $50.53 Million | 100.00% |
Commercial National Financial Corporation Competitors by Market Cap
The table below lists competitors of Commercial National Financial Corporation ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
TECH.OLYMPIC NA EO 5
F:TQZA
|
$34.79 Million |
|
eXoZymes, Inc.
NASDAQ:EXOZ
|
$34.79 Million |
|
Kezar Life Sciences Inc
NASDAQ:KZR
|
$34.80 Million |
|
mySafety Group B
ST:SAFETY-B
|
$34.82 Million |
|
OCA Acquisition Corp
NASDAQ:OCAX
|
$34.78 Million |
|
Pitanium Ltd
NASDAQ:PTNM
|
$34.76 Million |
|
Mcleod Russel India Limited
NSE:MCLEODRUSS
|
$34.75 Million |
|
Master Tec Group Berhad
KLSE:0295
|
$34.75 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Commercial National Financial Corporation's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 46,809,895 to 50,530,085, a change of 3,720,190 (7.9%).
- Net income of 5,863,267 contributed positively to equity growth.
- Dividend payments of 2,220,570 reduced retained earnings.
- Other comprehensive income increased equity by 77,493.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $5.86 Million | +11.6% |
| Dividends Paid | $2.22 Million | -4.39% |
| Other Comprehensive Income | $77.49K | +0.15% |
| Total Change | $- | 7.95% |
Book Value vs Market Value Analysis
This analysis compares Commercial National Financial Corporation'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: 0.77x
- 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 0.66x to 0.77x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1995-12-31 | $14.88 | $9.81 | x |
| 1996-12-31 | $14.69 | $9.81 | x |
| 1997-12-31 | $14.78 | $9.81 | x |
| 1998-12-31 | $14.56 | $9.81 | x |
| 1999-12-31 | $4.92 | $9.81 | x |
| 2000-12-31 | $5.15 | $9.81 | x |
| 2001-12-31 | $5.62 | $9.81 | x |
| 2002-12-31 | $5.91 | $9.81 | x |
| 2003-12-31 | $5.97 | $9.81 | x |
| 2004-12-31 | $6.09 | $9.81 | x |
| 2014-12-31 | $6.95 | $9.81 | x |
| 2015-12-31 | $7.31 | $9.81 | x |
| 2016-12-31 | $7.56 | $9.81 | x |
| 2017-12-31 | $8.28 | $9.81 | x |
| 2018-12-31 | $8.85 | $9.81 | x |
| 2019-12-31 | $9.77 | $9.81 | x |
| 2020-12-31 | $10.42 | $9.81 | x |
| 2021-12-31 | $11.32 | $9.81 | x |
| 2022-12-31 | $9.91 | $9.81 | x |
| 2023-12-31 | $11.80 | $9.81 | x |
| 2024-12-31 | $12.74 | $9.81 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Commercial National Financial Corporation 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): 11.60%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 20.10%
- • Asset Turnover: 0.05x
- • Equity Multiplier: 11.21x
- Recent ROE (11.60%) is below the historical average (12.33%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1995 | 11.39% | 29.28% | 0.04x | 10.32x | $203.56K |
| 1996 | 9.24% | 23.13% | 0.04x | 10.72x | $-117.81K |
| 1997 | 10.02% | 23.55% | 0.04x | 10.21x | $3.80K |
| 1998 | 14.50% | 33.67% | 0.04x | 10.25x | $794.00K |
| 1999 | 14.40% | 38.15% | 0.04x | 10.07x | $834.42K |
| 2000 | 14.43% | 33.42% | 0.04x | 10.74x | $891.52K |
| 2001 | 14.51% | 17.85% | 0.08x | 9.90x | $996.16K |
| 2002 | 12.24% | 18.20% | 0.07x | 10.05x | $530.48K |
| 2003 | 9.21% | 14.08% | 0.07x | 9.87x | $-192.48K |
| 2004 | 10.19% | 16.94% | 0.06x | 10.17x | $48.62K |
| 2014 | 10.74% | 20.00% | 0.03x | 16.56x | $166.40K |
| 2015 | 11.29% | 21.65% | 0.03x | 16.20x | $306.99K |
| 2016 | 10.56% | 16.14% | 0.04x | 16.28x | $138.00K |
| 2017 | 10.41% | 16.19% | 0.04x | 16.03x | $135.96K |
| 2018 | 12.82% | 21.20% | 0.04x | 15.02x | $990.44K |
| 2019 | 12.95% | 22.23% | 0.04x | 13.02x | $1.14 Million |
| 2020 | 10.56% | 20.54% | 0.04x | 13.25x | $230.76K |
| 2021 | 14.18% | 29.33% | 0.04x | 13.61x | $1.88 Million |
| 2022 | 20.56% | 31.53% | 0.04x | 15.61x | $4.15 Million |
| 2023 | 13.19% | 22.54% | 0.05x | 12.37x | $1.49 Million |
| 2024 | 11.60% | 20.10% | 0.05x | 11.21x | $810.26K |
Industry Comparison
This section compares Commercial National Financial Corporation'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 |
|---|---|---|---|---|
| Commercial National Financial Corporation (CEFC) | $52.39 Million | 11.39% | 9.54x | $34.79 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 |