Washington Business Bank
Washington Business Bank, a state-chartered bank, provides various banking products and services to small and midsized businesses, and middle-income individuals primarily in western Washington. The company offers ATM/debit cards, online banking, monthly statements, merchant services, Internet bill pay services, cash and coin ordering services, drive-thru banking services, and safety deposit boxes… Read more
Washington Business Bank (WBZB) - Total Assets
Latest total assets as of June 2024: $101.58 Million USD
Based on the latest financial reports, Washington Business Bank (WBZB) holds total assets worth $101.58 Million USD as of June 2024.
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.
Washington Business Bank - Total Assets Trend (2015–2023)
This chart illustrates how Washington Business Bank’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
Washington Business Bank - Asset Composition Analysis
Current Asset Composition (December 2023)
Washington Business Bank's total assets of $101.58 Million consist of 24.7% current assets and 75.3% non-current assets.
| Asset Category | Amount (USD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $0.00 | 8.4% |
| Accounts Receivable | $294.00K | 0.3% |
| Inventory | $537.00K | 0.5% |
| Property, Plant & Equipment | $0.00 | 0.0% |
| Intangible Assets | $0.00 | 0.0% |
| Goodwill | $0.00 | 0.0% |
Asset Composition Trend (2015–2023)
This chart illustrates how Washington Business Bank'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: Washington Business Bank's current assets represent 24.7% of total assets in 2023, an increase from 7.2% in 2015.
- Cash Position: Cash and equivalents constituted 8.4% of total assets in 2023, up from 6.6% in 2015.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 0.0% of total assets, unchanged from 0.0% in 2015.
- Asset Diversification: The largest asset category is inventory at 0.5% of total assets.
Washington Business Bank Competitors by Total Assets
Key competitors of Washington Business Bank 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 |
Washington Business Bank - 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 - Washington Business Bank generates 0.05x 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, Washington Business Bank generates $ 1.50 in net profit.
Washington Business Bank - 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 | 0.47 | 0.43 | 0.48 |
| Quick Ratio | 0.45 | 0.40 | 0.48 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | $-11.73 Million | $ -16.62 Million | $ -14.50 Million |
Washington Business Bank - Advanced Valuation Insights
This section examines the relationship between Washington Business Bank'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 | 1.56 |
| Latest Market Cap to Assets Ratio | 0.00 |
| Asset Growth Rate (YoY) | 10.3% |
| Total Assets | $104.80 Million |
| Market Capitalization | $345.06K USD |
Valuation Analysis
Below Book Valuation: The market values Washington Business Bank's assets below their book value (0.00 x), which may indicate investor concerns about asset quality or future growth.
Rapid Asset Growth: Washington Business Bank's assets grew by 10.3% over the past year, indicating significant expansion of the company's resource base.
Annual Total Assets for Washington Business Bank (2015–2023)
The table below shows the annual total assets of Washington Business Bank from 2015 to 2023.
| Year | Total Assets | Change |
|---|---|---|
| 2023-12-31 | $104.80 Million | +10.33% |
| 2022-12-31 | $94.99 Million | -12.43% |
| 2021-12-31 | $108.47 Million | +0.12% |
| 2020-12-31 | $108.35 Million | +18.94% |
| 2019-12-31 | $91.10 Million | +4.61% |
| 2018-12-31 | $87.08 Million | +11.40% |
| 2017-12-31 | $78.17 Million | +15.45% |
| 2016-12-31 | $67.71 Million | -1.63% |
| 2015-12-31 | $68.83 Million | -- |