Solvay Bank Corp
Solvay Bank Corp. operates as the bank holding company for Solvay Bank that provides various banking products and services in New York. It offers checking and NOW accounts, savings accounts, certificates of deposit, individual retirement accounts, health savings accounts, and money market accounts. The company also provides home equity, mortgage, improvement, auto, recreational vehicle, and perso… Read more
Solvay Bank Corp (SOBS) - Net Assets
Latest net assets as of September 2010: $55.70 Million USD
Based on the latest financial reports, Solvay Bank Corp (SOBS) has net assets worth $55.70 Million USD as of September 2010.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($591.06 Million) and total liabilities ($535.35 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 | $55.70 Million |
| % of Total Assets | 9.42% |
| Annual Growth Rate | 4.67% |
| 5-Year Change | -19.43% |
| 10-Year Change | 79.08% |
| Growth Volatility | 14.15 |
Solvay Bank Corp - Net Assets Trend (2000–2024)
This chart illustrates how Solvay Bank Corp's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Solvay Bank Corp (2000–2024)
The table below shows the annual net assets of Solvay Bank Corp from 2000 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $79.87 Million | +3.39% |
| 2023-12-31 | $77.25 Million | +10.93% |
| 2022-12-31 | $69.64 Million | -30.25% |
| 2021-12-31 | $99.85 Million | +0.71% |
| 2020-12-31 | $99.14 Million | +7.88% |
| 2019-12-31 | $91.90 Million | +42.83% |
| 2012-12-31 | $64.34 Million | +25.64% |
| 2009-12-31 | $51.21 Million | +8.20% |
| 2008-12-31 | $47.33 Million | +6.12% |
| 2007-12-31 | $44.60 Million | +4.48% |
| 2006-12-31 | $42.69 Million | -0.96% |
| 2005-12-31 | $43.10 Million | +7.97% |
| 2004-12-31 | $39.92 Million | +8.22% |
| 2003-12-31 | $36.89 Million | +9.76% |
| 2002-12-31 | $33.61 Million | +12.51% |
| 2001-12-31 | $29.88 Million | +11.96% |
| 2000-12-31 | $26.68 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Solvay Bank Corp'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 320.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $82.91 Million | 103.80% |
| Common Stock | $21.33 Million | 26.70% |
| Other Comprehensive Income | $-31.65 Million | -39.62% |
| Other Components | $7.28 Million | 9.11% |
| Total Equity | $79.87 Million | 100.00% |
Solvay Bank Corp Competitors by Market Cap
The table below lists competitors of Solvay Bank Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
CAREER EDUCATION (CE1.SG)
STU:CE1
|
$275.77K |
|
DUKE Robotics Corp.
OTCQB:DUKR
|
$275.97K |
|
HempAmericana Inc
PINK:HMPQ
|
$275.99K |
|
STATOIL (DNQ.SG)
STU:DNQ
|
$276.07K |
|
S'TOMO MITSUI FINL - Dusseldorf Stock Exchang
DU:XMF
|
$275.40K |
|
TOOSLA SA EO-08125
F:W6Q
|
$275.39K |
|
NEWCAP HLDG AS NAM.DK005
F:25N
|
$274.79K |
|
GNVR
OTCGREY:GNVR
|
$274.73K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Solvay Bank Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 77,255,000 to 79,872,000, a change of 2,617,000 (3.4%).
- Net income of 4,542,000 contributed positively to equity growth.
- Dividend payments of 4,335,000 reduced retained earnings.
- Other comprehensive income increased equity by 2,436,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $4.54 Million | +5.69% |
| Dividends Paid | $4.33 Million | -5.43% |
| Other Comprehensive Income | $2.44 Million | +3.05% |
| Other Changes | $-26.00K | -0.03% |
| Total Change | $- | 3.39% |
Book Value vs Market Value Analysis
This analysis compares Solvay Bank Corp'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: 0.94x
- 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 2.29x to 0.94x 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 | $12.87 | $29.50 | x |
| 2003-12-31 | $14.09 | $29.50 | x |
| 2004-12-31 | $15.22 | $29.50 | x |
| 2005-12-31 | $16.39 | $29.50 | x |
| 2006-12-31 | $16.26 | $29.50 | x |
| 2007-12-31 | $16.99 | $29.50 | x |
| 2008-12-31 | $19.03 | $29.50 | x |
| 2009-12-31 | $20.74 | $29.50 | x |
| 2012-12-31 | $24.58 | $29.50 | x |
| 2019-12-31 | $37.86 | $29.50 | x |
| 2020-12-31 | $39.46 | $29.50 | x |
| 2021-12-31 | $39.38 | $29.50 | x |
| 2022-12-31 | $27.47 | $29.50 | x |
| 2023-12-31 | $30.47 | $29.50 | x |
| 2024-12-31 | $31.51 | $29.50 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Solvay Bank Corp 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): 5.69%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 8.58%
- • Asset Turnover: 0.04x
- • Equity Multiplier: 14.94x
- Recent ROE (5.69%) is below the historical average (10.80%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2000 | 12.38% | 12.60% | 0.08x | 12.46x | $635.60K |
| 2001 | 12.15% | 13.40% | 0.07x | 12.76x | $641.50K |
| 2002 | 12.89% | 16.58% | 0.06x | 12.19x | $970.90K |
| 2003 | 12.71% | 19.19% | 0.06x | 11.79x | $1.00 Million |
| 2004 | 12.20% | 20.20% | 0.06x | 10.97x | $879.70K |
| 2005 | 11.50% | 19.04% | 0.06x | 10.51x | $648.70K |
| 2006 | 11.79% | 25.93% | 0.04x | 11.05x | $763.00K |
| 2007 | 11.62% | 26.21% | 0.04x | 10.88x | $720.90K |
| 2008 | 11.28% | 17.18% | 0.06x | 10.79x | $604.10K |
| 2009 | 9.48% | 16.50% | 0.05x | 10.77x | $-266.10K |
| 2012 | 9.59% | 22.39% | 0.04x | 10.17x | $-261.20K |
| 2019 | 9.40% | 22.70% | 0.04x | 10.17x | $-551.80K |
| 2020 | 7.18% | 19.85% | 0.03x | 10.51x | $-2.80 Million |
| 2021 | 10.27% | 27.81% | 0.03x | 10.99x | $269.40K |
| 2022 | 15.46% | 28.68% | 0.03x | 16.05x | $3.80 Million |
| 2023 | 8.05% | 14.62% | 0.04x | 14.71x | $-1.51 Million |
| 2024 | 5.69% | 8.58% | 0.04x | 14.94x | $-3.45 Million |
Industry Comparison
This section compares Solvay Bank Corp'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 |
|---|---|---|---|---|
| Solvay Bank Corp (SOBS) | $55.70 Million | 12.38% | 9.61x | $275.59K |
| 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 |