Middlebury National Corporation
Middlebury National Corporation operates as the holding company for National Bank of Middlebury that provides various banking products and services to individuals and business customers. The company offers various savings, checking, money market, and individual retirement accounts; and certificates of deposit, as well as certificates of deposit account registry services. It also provides personal… Read more
Middlebury National Corporation (MDVT) - Net Assets
Latest net assets as of December 2022: $25.60 Million USD
Based on the latest financial reports, Middlebury National Corporation (MDVT) has net assets worth $25.60 Million USD as of December 2022.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($534.97 Million) and total liabilities ($509.37 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 | $25.60 Million |
| % of Total Assets | 4.78% |
| Annual Growth Rate | 2.76% |
| 5-Year Change | -16.95% |
| 10-Year Change | 15.46% |
| Growth Volatility | 12.46 |
Middlebury National Corporation - Net Assets Trend (2008–2024)
This chart illustrates how Middlebury National 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 Middlebury National Corporation (2008–2024)
The table below shows the annual net assets of Middlebury National Corporation from 2008 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $34.70 Million | +8.68% |
| 2023-12-31 | $31.93 Million | +24.75% |
| 2022-12-31 | $25.60 Million | -39.32% |
| 2021-12-31 | $42.18 Million | +0.97% |
| 2020-12-31 | $41.78 Million | +11.06% |
| 2019-12-31 | $37.62 Million | +9.89% |
| 2018-12-31 | $34.23 Million | +5.41% |
| 2017-12-31 | $32.48 Million | +4.24% |
| 2016-12-31 | $31.15 Million | +3.66% |
| 2015-12-31 | $30.06 Million | +5.11% |
| 2014-12-31 | $28.59 Million | -0.20% |
| 2013-12-31 | $28.65 Million | +0.27% |
| 2012-12-31 | $28.58 Million | +6.42% |
| 2011-12-31 | $26.85 Million | +7.72% |
| 2010-12-31 | $24.93 Million | +4.15% |
| 2009-12-31 | $23.94 Million | +6.64% |
| 2008-12-31 | $22.45 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Middlebury National 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 133.4% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $50.53 Million | 145.61% |
| Common Stock | $400.00K | 1.15% |
| Other Comprehensive Income | $-15.64 Million | -45.07% |
| Total Equity | $34.70 Million | 100.00% |
Middlebury National Corporation Competitors by Market Cap
The table below lists competitors of Middlebury National Corporation ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Korea Ind
KO:002140
|
$24.66 Million |
|
Astro Malaysia Holdings Bhd
KLSE:6399
|
$24.66 Million |
|
Southern Acids (M) Bhd
KLSE:5134
|
$24.66 Million |
|
Alves Kablo San As
IS:ALVES
|
$24.66 Million |
|
Hancom Lifecare Inc.
KO:372910
|
$24.64 Million |
|
Glintt Global, S.A.
LSE:0M8Z
|
$24.64 Million |
|
Rojukiss International Public Company Limited
BK:KISS
|
$24.62 Million |
|
Hansae Yes24
KO:016450
|
$24.62 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Middlebury National Corporation's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 31,929,539 to 34,700,485, a change of 2,770,946 (8.7%).
- Net income of 3,487,107 contributed positively to equity growth.
- Dividend payments of 860,884 reduced retained earnings.
- Other comprehensive income increased equity by 144,723.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $3.49 Million | +10.05% |
| Dividends Paid | $860.88K | -2.48% |
| Other Comprehensive Income | $144.72K | +0.42% |
| Total Change | $- | 8.68% |
Book Value vs Market Value Analysis
This analysis compares Middlebury National 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: 0.83x
- 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 1.33x to 0.83x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2008-12-31 | $25.20 | $33.44 | x |
| 2009-12-31 | $26.87 | $33.44 | x |
| 2010-12-31 | $27.98 | $33.44 | x |
| 2011-12-31 | $30.20 | $33.44 | x |
| 2012-12-31 | $32.29 | $33.44 | x |
| 2013-12-31 | $32.38 | $33.44 | x |
| 2014-12-31 | $33.41 | $33.44 | x |
| 2015-12-31 | $33.96 | $33.44 | x |
| 2016-12-31 | $35.19 | $33.44 | x |
| 2017-12-31 | $36.66 | $33.44 | x |
| 2018-12-31 | $38.94 | $33.44 | x |
| 2019-12-31 | $43.56 | $33.44 | x |
| 2020-12-31 | $48.43 | $33.44 | x |
| 2021-12-31 | $48.91 | $33.44 | x |
| 2022-12-31 | $29.77 | $33.44 | x |
| 2023-12-31 | $37.09 | $33.44 | x |
| 2024-12-31 | $40.31 | $33.44 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Middlebury National 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): 10.05%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 14.41%
- • Asset Turnover: 0.04x
- • Equity Multiplier: 15.81x
- Recent ROE (10.05%) is above the historical average (7.26%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2008 | 7.35% | 11.14% | 0.06x | 11.38x | $-594.91K |
| 2009 | 6.54% | 10.54% | 0.05x | 11.58x | $-829.05K |
| 2010 | 6.75% | 11.69% | 0.05x | 11.03x | $-810.92K |
| 2011 | 7.73% | 15.10% | 0.05x | 10.72x | $-608.97K |
| 2012 | 9.04% | 17.97% | 0.05x | 10.58x | $-275.36K |
| 2013 | 0.01% | 15.09% | 0.00x | 10.57x | $-2.86 Million |
| 2014 | 0.00% | 12.47% | 0.00x | 10.84x | $-2.96 Million |
| 2015 | 5.49% | 12.90% | 0.04x | 11.25x | $-1.36 Million |
| 2016 | 6.86% | 15.71% | 0.04x | 11.19x | $-977.32K |
| 2017 | 7.04% | 15.82% | 0.04x | 11.26x | $-961.97K |
| 2018 | 9.45% | 20.87% | 0.04x | 10.86x | $-187.73K |
| 2019 | 9.48% | 22.90% | 0.04x | 10.38x | $-194.76K |
| 2020 | 9.58% | 23.45% | 0.04x | 11.64x | $-175.46K |
| 2021 | 8.32% | 20.63% | 0.03x | 13.02x | $-708.64K |
| 2022 | 12.30% | 17.50% | 0.03x | 20.90x | $587.59K |
| 2023 | 7.49% | 11.32% | 0.04x | 17.58x | $-800.58K |
| 2024 | 10.05% | 14.41% | 0.04x | 15.81x | $17.06K |
Industry Comparison
This section compares Middlebury National 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 |
|---|---|---|---|---|
| Middlebury National Corporation (MDVT) | $25.60 Million | 7.35% | 19.90x | $24.65 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 |