WSB Financial Group Inc
WSB Financial Group, Inc. operates as the holding company for Westsound Bank that offers various commercial banking services to real estate developers, contractors, small to medium-sized businesses, individuals, professionals, and professional firms in Washington. The bank primarily generates deposits and originates loans. The bank's deposit products include interest bearing and noninterest beari… Read more
WSB Financial Group Inc (WSFGQ) - Net Assets
Latest net assets as of December 2008: $24.32 Million USD
Based on the latest financial reports, WSB Financial Group Inc (WSFGQ) has net assets worth $24.32 Million USD as of December 2008.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($365.21 Million) and total liabilities ($340.89 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 | $24.32 Million |
| % of Total Assets | 6.66% |
| Annual Growth Rate | 31.89% |
| 5-Year Change | 88.33% |
| 10-Year Change | N/A |
| Growth Volatility | 127.75 |
WSB Financial Group Inc - Net Assets Trend (2002–2008)
This chart illustrates how WSB Financial Group 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 WSB Financial Group Inc (2002–2008)
The table below shows the annual net assets of WSB Financial Group Inc from 2002 to 2008.
| Year | Net Assets | Change |
|---|---|---|
| 2008-12-31 | $24.32 Million | -57.13% |
| 2007-12-31 | $56.72 Million | -8.01% |
| 2006-12-31 | $61.66 Million | +285.22% |
| 2005-12-31 | $16.01 Million | +23.96% |
| 2004-12-31 | $12.91 Million | +179.53% |
| 2002-12-31 | $4.62 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to WSB Financial Group 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 decreased by 2979839300.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2008)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $5.57 Million | 22.93% |
| Other Comprehensive Income | $260.73K | 1.07% |
| Other Components | $48.28 Million | 198.55% |
| Total Equity | $24.32 Million | 100.00% |
WSB Financial Group Inc Competitors by Market Cap
The table below lists competitors of WSB Financial Group Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
LMWW Holdings Inc
OTCGREY:LMWW
|
$0.94 |
|
Williston Holding Company Inc
PINK:WHCA
|
$0.94 |
|
Live Microsystems Inc
PINK:LMSC
|
$0.94 |
|
LOUD Technologies Inc
PINK:LTEC
|
$0.94 |
|
Majestic Capital Ltd
PINK:MAJCQ
|
$0.94 |
|
Sunset Island Group Inc
PINK:SIGO
|
$0.94 |
|
Scient Inc
PINK:SCNTQ
|
$0.94 |
|
North American DataCom Inc
PINK:NADA
|
$0.94 |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in WSB Financial Group Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2007 to 2008, total equity changed from 56,720,015 to 24,316,402, a change of -32,403,613 (-57.1%).
- Net loss of 32,652,149 reduced equity.
- Other comprehensive income increased equity by 192,993.
Equity Change Factors (2007 to 2008)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-32.65 Million | -134.28% |
| Other Comprehensive Income | $192.99K | +0.79% |
| Other Changes | $55.54K | +0.23% |
| Total Change | $- | -57.13% |
Book Value vs Market Value Analysis
This analysis compares WSB Financial Group 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 |
|---|---|---|---|
| 2002-12-31 | $3.07 | $0.00 | x |
| 2004-12-31 | $5.30 | $0.00 | x |
| 2005-12-31 | $5.44 | $0.00 | x |
| 2006-12-31 | $18.77 | $0.00 | x |
| 2007-12-31 | $10.19 | $0.00 | x |
| 2008-12-31 | $4.36 | $0.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently WSB Financial Group 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): -134.28%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -154.16%
- • Asset Turnover: 0.06x
- • Equity Multiplier: 15.02x
- Recent ROE (-134.28%) is below the historical average (-17.59%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2002 | 6.19% | 20.80% | 0.03x | 11.42x | $-175.90K |
| 2004 | 10.38% | 12.47% | 0.08x | 10.64x | $48.80K |
| 2005 | 15.07% | 11.52% | 0.08x | 15.62x | $810.99K |
| 2006 | 6.30% | 11.77% | 0.09x | 6.27x | $-2.28 Million |
| 2007 | -9.17% | -12.40% | 0.09x | 8.63x | $-10.87 Million |
| 2008 | -134.28% | -154.16% | 0.06x | 15.02x | $-35.08 Million |
Industry Comparison
This section compares WSB Financial Group 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 |
|---|---|---|---|---|
| WSB Financial Group Inc (WSFGQ) | $24.32 Million | 6.19% | 14.02x | $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 |