Traditions Bank (Pennsylvania)
Traditions Bancorp, Inc. operates as a holding company for Traditions Bank that provides various banking products and services in the Central Pennsylvania market. The company offers personal and business checking, personal and business savings and money markets, youth savings, certificates of deposit, and individual retirement accounts; personal debit cards; and business credit cards. It also pro… Read more
Traditions Bank (Pennsylvania) (TRBK) - Net Assets
Latest net assets as of June 2024: $66.58 Million USD
Based on the latest financial reports, Traditions Bank (Pennsylvania) (TRBK) has net assets worth $66.58 Million USD as of June 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($858.59 Million) and total liabilities ($792.01 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 | $66.58 Million |
| % of Total Assets | 7.75% |
| Annual Growth Rate | 10.25% |
| 5-Year Change | 12.65% |
| 10-Year Change | N/A |
| Growth Volatility | 15.38 |
Traditions Bank (Pennsylvania) - Net Assets Trend (2016–2023)
This chart illustrates how Traditions Bank (Pennsylvania)'s net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Traditions Bank (Pennsylvania) (2016–2023)
The table below shows the annual net assets of Traditions Bank (Pennsylvania) from 2016 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | $63.79 Million | +11.94% |
| 2022-12-31 | $56.98 Million | -12.53% |
| 2021-12-31 | $65.15 Million | -2.22% |
| 2020-12-31 | $66.63 Million | +17.67% |
| 2019-12-31 | $56.62 Million | +13.06% |
| 2018-12-31 | $50.08 Million | +10.51% |
| 2017-12-31 | $45.32 Million | +40.64% |
| 2016-12-31 | $32.22 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Traditions Bank (Pennsylvania)'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 218.3% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $37.46 Million | 58.73% |
| Common Stock | $2.74 Million | 4.29% |
| Other Comprehensive Income | $-11.08 Million | -17.38% |
| Other Components | $34.67 Million | 54.36% |
| Total Equity | $63.79 Million | 100.00% |
Traditions Bank (Pennsylvania) Competitors by Market Cap
The table below lists competitors of Traditions Bank (Pennsylvania) ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Arq Inc
NASDAQ:ARQ
|
$61.67 Million |
|
EHC B.V. CLASS A EO 1
F:QX0
|
$61.67 Million |
|
PT Tunas Baru Lampung Tbk
F:T2L
|
$61.70 Million |
|
Sun Tekstil Sanayi ve Ticaret A.S.
IS:SUNTK
|
$61.74 Million |
|
Muang Thai Insurance Public Company Limited
BK:MTI
|
$61.65 Million |
|
Powertip Image Corp
TWO:6498
|
$61.64 Million |
|
YHN Acquisition I Limited Unit
NASDAQ:YHNAU
|
$61.64 Million |
|
Goknur Gida Maddeleri Enerji Imalati Ithalat Ihracat Ticaret ve Sanayi A.S.
IS:GOKNR
|
$61.61 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Traditions Bank (Pennsylvania)'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 56,983,000 to 63,786,000, a change of 6,803,000 (11.9%).
- Net income of 4,929,000 contributed positively to equity growth.
- Dividend payments of 879,000 reduced retained earnings.
- Share repurchases of 1,346,000 reduced equity.
- New share issuances of 58,000 increased equity.
- Other comprehensive income increased equity by 772,000.
- Other factors increased equity by 3,269,000.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $4.93 Million | +7.73% |
| Dividends Paid | $879.00K | -1.38% |
| Share Repurchases | $1.35 Million | -2.11% |
| Share Issuances | $58.00K | +0.09% |
| Other Comprehensive Income | $772.00K | +1.21% |
| Other Changes | $3.27 Million | +5.12% |
| Total Change | $- | 11.94% |
Book Value vs Market Value Analysis
This analysis compares Traditions Bank (Pennsylvania)'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: 1.53x
- 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 2.61x to 1.53x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2016-12-31 | $13.40 | $34.99 | x |
| 2017-12-31 | $17.36 | $34.99 | x |
| 2018-12-31 | $16.05 | $34.99 | x |
| 2019-12-31 | $18.16 | $34.99 | x |
| 2020-12-31 | $21.20 | $34.99 | x |
| 2021-12-31 | $21.20 | $34.99 | x |
| 2022-12-31 | $19.96 | $34.99 | x |
| 2023-12-31 | $22.89 | $34.99 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Traditions Bank (Pennsylvania) 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): 7.73%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 15.60%
- • Asset Turnover: 0.04x
- • Equity Multiplier: 13.17x
- Recent ROE (7.73%) is below the historical average (9.76%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | 9.00% | 14.24% | 0.05x | 12.34x | $-322.30K |
| 2017 | 7.49% | 15.26% | 0.05x | 9.75x | $-1.14 Million |
| 2018 | 9.44% | 18.92% | 0.05x | 9.66x | $-280.00K |
| 2019 | 9.16% | 17.95% | 0.05x | 9.55x | $-477.20K |
| 2020 | 12.56% | 21.79% | 0.06x | 9.65x | $1.71 Million |
| 2021 | 12.60% | 23.01% | 0.05x | 11.53x | $1.70 Million |
| 2022 | 10.08% | 16.68% | 0.04x | 13.66x | $47.70K |
| 2023 | 7.73% | 15.60% | 0.04x | 13.17x | $-1.45 Million |
Industry Comparison
This section compares Traditions Bank (Pennsylvania)'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 |
|---|---|---|---|---|
| Traditions Bank (Pennsylvania) (TRBK) | $66.58 Million | 9.00% | 11.90x | $61.65 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 |