Marine Bancorp of Florida Inc
Marine Bancorp of Florida, Inc. operates as the holding company for Marine Bank & Trust Company that provides various community banking products and services. It offers personal and business checking, savings, money market, and individual retirement accounts; certificates of deposit; and debit and credit cards. The company also provides residential mortgage and lot, FHA, personal and consumer, co… Read more
Marine Bancorp of Florida Inc (MBOF) - Net Assets
Latest net assets as of June 2025: $40.16 Million USD
Based on the latest financial reports, Marine Bancorp of Florida Inc (MBOF) has net assets worth $40.16 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 ($630.18 Million) and total liabilities ($590.02 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 | $40.16 Million |
| % of Total Assets | 6.37% |
| Annual Growth Rate | 10.83% |
| 5-Year Change | 46.16% |
| 10-Year Change | N/A |
| Growth Volatility | 31.46 |
Marine Bancorp of Florida Inc - Net Assets Trend (2019–2024)
This chart illustrates how Marine Bancorp of Florida 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 Marine Bancorp of Florida Inc (2019–2024)
The table below shows the annual net assets of Marine Bancorp of Florida Inc from 2019 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $38.08 Million | +4.17% |
| 2023-12-31 | $36.55 Million | +31.18% |
| 2022-12-31 | $27.86 Million | -33.87% |
| 2021-12-31 | $42.13 Million | +61.72% |
| 2020-12-31 | $26.05 Million | +14.43% |
| 2019-12-31 | $22.77 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Marine Bancorp of Florida 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 551.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $24.16 Million | 63.46% |
| Common Stock | $2.74 Million | 7.20% |
| Other Comprehensive Income | $-17.68 Million | -46.43% |
| Other Components | $28.85 Million | 75.77% |
| Total Equity | $38.08 Million | 100.00% |
Marine Bancorp of Florida Inc Competitors by Market Cap
The table below lists competitors of Marine Bancorp of Florida Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Nanosphere Health Sciences Inc
PINK:NSHSF
|
$395.89K |
|
New Tymbal Resources Ltd.
V:NTB
|
$395.98K |
|
ValueInvest Global Akk KL
CO:VAIGAKA
|
$396.32K |
|
COGNEX - Dusseldorf Stock Exchang
DU:CGZ
|
$396.76K |
|
Multifiling Mitra Indonesia
JK:MFMI
|
$395.30K |
|
BEKAERT - Dusseldorf Stock Exchang
DU:BK8N
|
$395.27K |
|
HPE-P-C
PINK:HPE-P-C
|
$395.19K |
|
SAS AB (publ)
PINK:SASBQ
|
$395.16K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Marine Bancorp of Florida Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 36,552,000 to 38,078,000, a change of 1,526,000 (4.2%).
- Net income of 2,832,000 contributed positively to equity growth.
- Other comprehensive income decreased equity by 1,438,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $2.83 Million | +7.44% |
| Other Comprehensive Income | $-1.44 Million | -3.78% |
| Other Changes | $132.00K | +0.35% |
| Total Change | $- | 4.17% |
Book Value vs Market Value Analysis
This analysis compares Marine Bancorp of Florida 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: 1.92x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 2.11x to 1.92x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2020-12-31 | $18.97 | $40.00 | x |
| 2021-12-31 | $29.73 | $40.00 | x |
| 2022-12-31 | $15.34 | $40.00 | x |
| 2023-12-31 | $19.99 | $40.00 | x |
| 2024-12-31 | $20.83 | $40.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Marine Bancorp of Florida 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): 7.44%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 16.07%
- • Asset Turnover: 0.03x
- • Equity Multiplier: 16.97x
- Recent ROE (7.44%) is below the historical average (11.55%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | 7.09% | 14.26% | 0.04x | 12.57x | $-662.70K |
| 2020 | 11.39% | 22.33% | 0.03x | 16.33x | $361.70K |
| 2021 | 11.46% | 26.27% | 0.03x | 13.00x | $613.60K |
| 2022 | 19.31% | 26.46% | 0.03x | 22.85x | $2.59 Million |
| 2023 | 12.62% | 22.87% | 0.03x | 17.90x | $958.80K |
| 2024 | 7.44% | 16.07% | 0.03x | 16.97x | $-975.80K |
Industry Comparison
This section compares Marine Bancorp of Florida 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 |
|---|---|---|---|---|
| Marine Bancorp of Florida Inc (MBOF) | $40.16 Million | 7.09% | 14.69x | $395.40K |
| 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 |