Signature Bank of Georgia
Signature Bank of Georgia provides personal and business banking products and services in Georgia. It offers savings, checking, IOLTA, and money market accounts; certificates of deposits; debit and credit cards; and personal, home, commercial, SBA, and specialized loans; and lines of credit. The company also provides treasury management services, such as ACH and wire, merchant card, payroll, frau… Read more
Signature Bank of Georgia (SGBG) - Net Assets
Latest net assets as of December 2022: $22.50 Million USD
Based on the latest financial reports, Signature Bank of Georgia (SGBG) has net assets worth $22.50 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 ($200.55 Million) and total liabilities ($178.05 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 | $22.50 Million |
| % of Total Assets | 11.22% |
| Annual Growth Rate | 12.62% |
| 5-Year Change | 64.15% |
| 10-Year Change | N/A |
| Growth Volatility | 15.94 |
Signature Bank of Georgia - Net Assets Trend (2019–2024)
This chart illustrates how Signature Bank of Georgia's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Signature Bank of Georgia (2019–2024)
The table below shows the annual net assets of Signature Bank of Georgia from 2019 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $33.42 Million | +4.59% |
| 2023-12-31 | $31.96 Million | +42.05% |
| 2022-12-31 | $22.50 Million | -5.37% |
| 2021-12-31 | $23.77 Million | +16.75% |
| 2020-12-31 | $20.36 Million | +10.38% |
| 2019-12-31 | $18.45 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Signature Bank of Georgia'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 1050185400.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $5.15 Million | 15.41% |
| Other Comprehensive Income | $-3.09 Million | -9.24% |
| Other Components | $50.43 Million | 150.89% |
| Total Equity | $33.42 Million | 100.00% |
Signature Bank of Georgia Competitors by Market Cap
The table below lists competitors of Signature Bank of Georgia ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
HELMA Eigenheimbau Aktiengesellschaft
F:H5E
|
$113.89K |
|
NPST
NSE:NPST
|
$113.90K |
|
BPIC39
SA:BPIC39
|
$113.93K |
|
Rinnai Corp
OTCGREY:RINIY
|
$113.98K |
|
Mycotopia Therapies Inc
PINK:TPIA
|
$113.83K |
|
FOMENTO CONSTR.
BE:FCC
|
$113.68K |
|
Akanda Corp
NASDAQ:AKAN
|
$113.65K |
|
First American Uranium Inc.
OTCGREY:FAUMF
|
$113.56K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Signature Bank of Georgia's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 31,956,434 to 33,423,988, a change of 1,467,554 (4.6%).
- Net income of 1,348,753 contributed positively to equity growth.
- Other comprehensive income decreased equity by 158,717.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $1.35 Million | +4.04% |
| Other Comprehensive Income | $-158.72K | -0.47% |
| Other Changes | $277.52K | +0.83% |
| Total Change | $- | 4.59% |
Book Value vs Market Value Analysis
This analysis compares Signature Bank of Georgia'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: 0.89x
- 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 1.25x to 0.89x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2019-12-31 | $9.20 | $11.54 | x |
| 2020-12-31 | $10.15 | $11.54 | x |
| 2021-12-31 | $11.86 | $11.54 | x |
| 2022-12-31 | $11.22 | $11.54 | x |
| 2023-12-31 | $21.49 | $11.54 | x |
| 2024-12-31 | $12.98 | $11.54 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Signature Bank of Georgia 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): 4.04%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 7.34%
- • Asset Turnover: 0.07x
- • Equity Multiplier: 7.35x
- Recent ROE (4.04%) is below the historical average (7.55%), 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 | 1.87% | 4.61% | 0.05x | 8.50x | $-1.50 Million |
| 2020 | 6.95% | 18.58% | 0.04x | 9.50x | $-621.50K |
| 2021 | 15.72% | 50.24% | 0.04x | 8.88x | $1.36 Million |
| 2022 | 9.21% | 20.60% | 0.05x | 8.91x | $-178.83K |
| 2023 | 7.52% | 18.92% | 0.06x | 7.07x | $-793.70K |
| 2024 | 4.04% | 7.34% | 0.07x | 7.35x | $-1.99 Million |
Industry Comparison
This section compares Signature Bank of Georgia's net assets metrics with peer companies in the Banks - Regional industry.
Industry Context
- Industry: Banks - Regional
- Average net assets among peers: $22,823,266,317
- Average return on equity (ROE) among peers: 14.64%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Signature Bank of Georgia (SGBG) | $22.50 Million | 1.87% | 7.91x | $113.85K |
| Ameris Bancorp (ABCB) | $514.76 Million | 7.94% | 9.86x | $4.91 Billion |
| ACNB Corporation (ACNB) | $106.80 Million | 8.72% | 8.79x | $452.68 Million |
| Addiko Bank AG (ADBKF) | $6.08 Billion | 0.58% | 0.00x | $210.07 Million |
| Affinity Bancshares Inc (AFBI) | $80.78 Million | 3.82% | 9.53x | $79.98 Million |
| Absa Group Limited (AGRPF) | $56.49 Billion | 12.11% | 11.71x | $6.72 Billion |
| AIB Group plc (AIBGY) | $2.74 Billion | 18.02% | 16.84x | $21.72 Billion |
| Akbank Turk Anonim Sirketi (AKBTY) | $153.61 Billion | 39.08% | 6.47x | $8.60 Billion |
| Alpha Bank SA (ALBKY) | $8.37 Billion | 34.92% | 7.81x | $1.12 Billion |
| Community Capital Bancshares Inc (ALBY) | $9.19 Million | 7.09% | 8.66x | $19.76 Million |
| Alpine Banks of Colorado (ALPIB) | $235.94 Million | 14.17% | 11.96x | $248.47 Million |