Towne Bancorp Inc
Towne Bancorp, Inc. operates as the holding company for Towne Bank of Arizona, which provides banking products and services to individual and business customers in Mesa, Arizona. The company's deposit products include checking accounts, money market accounts, savings accounts, IOLTA accounts, certificates of deposits, and individual retirement accounts. Its loan portfolio comprises business loans… Read more
Towne Bancorp Inc (TWNE) - Net Assets
Latest net assets as of December 2007: $36.33 Million USD
Based on the latest financial reports, Towne Bancorp Inc (TWNE) has net assets worth $36.33 Million USD as of December 2007.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($201.35 Million) and total liabilities ($165.02 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 | $36.33 Million |
| % of Total Assets | 18.04% |
| Annual Growth Rate | 55.86% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 118.31 |
Towne Bancorp Inc - Net Assets Trend (2004–2007)
This chart illustrates how Towne Bancorp 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 Towne Bancorp Inc (2004–2007)
The table below shows the annual net assets of Towne Bancorp Inc from 2004 to 2007.
| Year | Net Assets | Change |
|---|---|---|
| 2007-12-31 | $36.33 Million | +2.08% |
| 2006-12-31 | $35.59 Million | +4.60% |
| 2005-12-31 | $34.03 Million | +254.31% |
| 2004-12-31 | $9.60 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Towne Bancorp 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 161604400.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2007)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $785.00K | 2.16% |
| Common Stock | $16.00 Million | 44.03% |
| Other Comprehensive Income | $115.00K | 0.32% |
| Other Components | $19.44 Million | 53.50% |
| Total Equity | $36.33 Million | 100.00% |
Towne Bancorp Inc Competitors by Market Cap
The table below lists competitors of Towne Bancorp Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Optimum Interactive USA Ltd
PINK:OPTL
|
$0.94 |
|
indiePub Entertainment Inc
PINK:IPUB
|
$0.94 |
|
Drinks Americas Hldg
PINK:DKAM
|
$0.94 |
|
Klegg Electronics Inc
PINK:KLGG
|
$0.94 |
|
Hybrid Energy Holdin
PINK:HYBE
|
$0.94 |
|
Montague International Holding Ltd
PINK:MIHL
|
$0.94 |
|
Infusion Brands International Inc
PINK:INBI
|
$0.94 |
|
Beard Co
PINK:BRCOQ
|
$0.94 |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Towne Bancorp Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2006 to 2007, total equity changed from 35,593,000 to 36,332,000, a change of 739,000 (2.1%).
- Net income of 353,000 contributed positively to equity growth.
- Other comprehensive income increased equity by 115,000.
Equity Change Factors (2006 to 2007)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $353.00K | +0.97% |
| Other Comprehensive Income | $115.00K | +0.32% |
| Other Changes | $271.00K | +0.75% |
| Total Change | $- | 2.08% |
Book Value vs Market Value Analysis
This analysis compares Towne Bancorp 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: 0.00x
- 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.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2004-12-31 | $18.41 | $0.00 | x |
| 2005-12-31 | $21.39 | $0.00 | x |
| 2006-12-31 | $22.46 | $0.00 | x |
| 2007-12-31 | $22.92 | $0.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Towne Bancorp 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): 0.97%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 2.13%
- • Asset Turnover: 0.08x
- • Equity Multiplier: 5.54x
- Recent ROE (0.97%) is above the historical average (-0.21%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2004 | -5.94% | -106.62% | 0.02x | 2.67x | $-1.53 Million |
| 2005 | -0.08% | -0.72% | 0.05x | 2.21x | $-3.43 Million |
| 2006 | 4.20% | 12.66% | 0.08x | 4.35x | $-2.06 Million |
| 2007 | 0.97% | 2.13% | 0.08x | 5.54x | $-3.28 Million |
Industry Comparison
This section compares Towne Bancorp 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 |
|---|---|---|---|---|
| Towne Bancorp Inc (TWNE) | $36.33 Million | -5.94% | 4.54x | $0.94 |
| 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 |