Absecon Bancorp
Absecon Bancorp operates as the bank holding company for The First National Bank of Absecon that provides various personal and business banking products and services primarily in Atlantic County, New Jersey. It offers checking, NOW, money market, and savings accounts; certificates of deposit; individual retirement accounts; and credit card merchant accounts. The company also provides consumer loa… Read more
Absecon Bancorp (ASCN) - Total Assets
Latest total assets as of March 2022: $182.39 Million USD
Based on the latest financial reports, Absecon Bancorp (ASCN) holds total assets worth $182.39 Million USD as of March 2022.
Total assets represent everything the company owns and controls, combining both current assets—like cash and cash equivalents, accounts receivable, and inventories—and non-current assets such as property, plant, equipment (PP&E), intangible assets, and long-term investments.
Absecon Bancorp - Total Assets Trend (2019–2024)
This chart illustrates how Absecon Bancorp’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
Absecon Bancorp - Asset Composition Analysis
Current Asset Composition (December 2024)
Absecon Bancorp's total assets of $182.39 Million consist of 12.1% current assets and 87.9% non-current assets.
| Asset Category | Amount (USD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $0.00 | 12.1% |
| Accounts Receivable | $0.00 | 0.0% |
| Inventory | $0.00 | 0.0% |
| Property, Plant & Equipment | $0.00 | 0.0% |
| Intangible Assets | $0.00 | 0.0% |
| Goodwill | $0.00 | 0.0% |
Asset Composition Trend (2019–2024)
This chart illustrates how Absecon Bancorp's asset composition has evolved over time. Understanding changes in asset allocation can provide insights into the company's strategic shifts, capital allocation priorities, and business focus evolution.
Key Asset Composition Facts
- Current vs. Non-Current Assets: Absecon Bancorp's current assets represent 12.1% of total assets in 2024, a decrease from 12.6% in 2019.
- Cash Position: Cash and equivalents constituted 12.1% of total assets in 2024, down from 12.6% in 2019.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 0.0% of total assets, unchanged from 0.0% in 2019.
- Asset Diversification: The largest asset category is goodwill at 0.0% of total assets.
Absecon Bancorp Competitors by Total Assets
Key competitors of Absecon Bancorp based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Ping An Bank Co Ltd
SHE:000001
|
China | CN¥5.77 Trillion |
|
Bank of Ningbo Co Ltd
SHE:002142
|
China | CN¥3.58 Trillion |
|
Bank of Zhengzhou Co Ltd Class A
SHE:002936
|
China | CN¥743.55 Billion |
|
Qingdao Rural Commercial Bank Corp Class A
SHE:002958
|
China | CN¥509.92 Billion |
|
Bank of Suzhou
SHE:002966
|
China | CN¥776.04 Billion |
|
Jeju Bank
KO:006220
|
Korea | ₩7.72 Trillion |
|
Industrial Bank Of Korea
KO:024110
|
Korea | ₩490.11 Trillion |
|
Hana Financial
KO:086790
|
Korea | ₩659.08 Trillion |
Absecon Bancorp - Asset Efficiency Metrics
Asset efficiency metrics measure how effectively a company uses its assets to generate revenue and profits. These indicators help investors evaluate management's ability to deploy capital efficiently.
Asset Turnover Ratio
Measures how efficiently a company uses its assets to generate sales
Lower asset utilization - Absecon Bancorp generates 0.04x its asset value in annual revenue.
Return on Assets (ROA)
Measures how efficiently a company uses its assets to generate profits
Moderate ROA - For every $100 in assets, Absecon Bancorp generates $ 0.59 in net profit.
Absecon Bancorp - Liquidity and Working Capital Analysis
Liquidity ratios measure a company's ability to pay off its short-term debts as they come due, using the company's current or quick assets. Working capital represents the operational liquidity available.
Key Liquidity Metrics
| Metric | Current | 1 Year Ago | 5 Years Ago |
|---|---|---|---|
| Current Ratio | 0.13 | - | - |
| Quick Ratio | 0.13 | - | - |
| Cash Ratio | 0.00 | - | - |
| Working Capital | $-146.21 Million | - | - |
Absecon Bancorp - Advanced Valuation Insights
This section examines the relationship between Absecon Bancorp's asset base and its market valuation, helping to identify whether the company's assets are efficiently translated into market value.
Key Valuation Metrics
| Current Price-to-Book Ratio | 0.74 |
| Latest Market Cap to Assets Ratio | 0.00 |
| Asset Growth Rate (YoY) | 4.5% |
| Total Assets | $194.60 Million |
| Market Capitalization | $908.50K USD |
Valuation Analysis
Below Book Valuation: The market values Absecon Bancorp's assets below their book value (0.00 x), which may indicate investor concerns about asset quality or future growth.
Positive Asset Growth: Absecon Bancorp's assets grew by 4.5% over the past year, showing continued investment in the company's operational capacity.
Annual Total Assets for Absecon Bancorp (2019–2024)
The table below shows the annual total assets of Absecon Bancorp from 2019 to 2024.
| Year | Total Assets | Change |
|---|---|---|
| 2024-12-31 | $194.60 Million | +4.55% |
| 2023-12-31 | $186.13 Million | +1.99% |
| 2022-12-31 | $182.49 Million | -0.47% |
| 2021-12-31 | $183.35 Million | +10.96% |
| 2020-12-31 | $165.25 Million | +12.37% |
| 2019-12-31 | $147.06 Million | -- |