West Shore Bank Corp
West Shore Bank Corp. operates as the bank holding company for West Shore Bank that provides various banking products and services for individuals and businesses. The company accepts checking, saving, money market, certificates of deposit, and individual retirement accounts. Its loan products include auto, recreational, personal term, commercial real estate, small business administration, municip… Read more
West Shore Bank Corp (WSSH) - Net Assets
Latest net assets as of : $- USD
Based on the latest financial reports, West Shore Bank Corp (WSSH) has net assets worth $- USD as of .
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($-) and total liabilities ($-). 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 | $- |
| % of Total Assets | 0% |
| Annual Growth Rate | -35.68% |
| 5-Year Change | 2.65% |
| 10-Year Change | N/A |
| Growth Volatility | 39.0 |
West Shore Bank Corp - Net Assets Trend (2019–2024)
This chart illustrates how West Shore 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 West Shore Bank Corp (2019–2024)
The table below shows the annual net assets of West Shore Bank Corp from 2019 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $48.22 Million | +15.57% |
| 2023-12-31 | $41.73 Million | +13.47% |
| 2022-12-31 | $36.78 Million | -23.17% |
| 2021-12-31 | $47.87 Million | +1.90% |
| 2020-12-31 | $46.98 Million | -89.28% |
| 2019-12-31 | $438.41 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to West Shore 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 31.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $55.08 Million | 114.23% |
| Common Stock | $1.23 Million | 2.55% |
| Total Equity | $48.22 Million | 100.00% |
West Shore Bank Corp Competitors by Market Cap
The table below lists competitors of West Shore Bank Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
NESTE OIL - Dusseldorf Stock Exchang
DU:NEF
|
$257.20K |
|
SOJITZ
BE:XEB
|
$257.24K |
|
EMPLOYERS HLDNGS
BE:YGB
|
$257.55K |
|
ANGLO AMERICAN
MU:NGLB
|
$257.63K |
|
TH1NG AB
ST:TH1NG
|
$256.88K |
|
Jeol Ltd
BE:JEL
|
$256.80K |
|
Sam Hwa Electric Co. Ltd.
KQ:009470
|
$256.77K |
|
Dillards Capital Trust I
NYSE:DDT
|
$256.74K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in West Shore Bank Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 41,728,000 to 48,224,000, a change of 6,496,000 (15.6%).
- Net income of 4,850,000 contributed positively to equity growth.
- Dividend payments of 1,134,000 reduced retained earnings.
- Share repurchases of 20,000 reduced equity.
- New share issuances of 17,000 increased equity.
- Other factors increased equity by 2,783,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $4.85 Million | +10.06% |
| Dividends Paid | $1.13 Million | -2.35% |
| Share Repurchases | $20.00K | -0.04% |
| Share Issuances | $17.00K | +0.04% |
| Other Changes | $2.78 Million | +5.77% |
| Total Change | $- | 15.57% |
Book Value vs Market Value Analysis
This analysis compares West Shore 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: 0.71x
- 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 0.83x to 0.71x 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 | $33.24 | $27.75 | x |
| 2020-12-31 | $35.68 | $27.75 | x |
| 2021-12-31 | $36.57 | $27.75 | x |
| 2022-12-31 | $28.09 | $27.75 | x |
| 2023-12-31 | $33.37 | $27.75 | x |
| 2024-12-31 | $39.12 | $27.75 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently West Shore 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): 10.06%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 16.65%
- • Asset Turnover: 0.04x
- • Equity Multiplier: 15.93x
- Recent ROE (10.06%) is above the historical average (9.46%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | 8.02% | 16.38% | 0.05x | 10.51x | $-869.77K |
| 2020 | 8.03% | 14.30% | 0.05x | 11.87x | $-924.70K |
| 2021 | 9.62% | 16.81% | 0.04x | 14.80x | $-179.80K |
| 2022 | 10.45% | 14.42% | 0.04x | 18.65x | $166.40K |
| 2023 | 10.58% | 16.46% | 0.04x | 17.28x | $241.20K |
| 2024 | 10.06% | 16.65% | 0.04x | 15.93x | $27.60K |
Industry Comparison
This section compares West Shore 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 |
|---|---|---|---|---|
| West Shore Bank Corp (WSSH) | $- | 8.02% | N/A | $256.94K |
| 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 |