But, since the reserve for loan losses frequently is in the range of 1 percent to 2 percent of total loans, the spread between the high and low represents a very small percentage of the bank's total assets, although it is a somewhat higher, but still small, percentage of stockholders' equity
1) Although tangible stockholders' equity
, tangible assets, and tangible book value per share are not measures that are calculated in accordance with generally accepted accounting principles ("GAAP"), management uses these non-GAAP measures in its analysis of the Company's performance.
However, Statement 87 limits the amount of the intangible asset, and thus any additional minimum liability that a company must recognize above this limit will reduce stockholders' equity
The resulting realized losses on the sale of the securities were already reflected as unrealized losses within accumulated other comprehensive loss in the stockholders' equity
section of Oriental's consolidated statement of financial condition at the time of the sale.
6 million and a negative consolidated stockholders' equity
MUMBAI, India -- The Audit Committee of the Bank at its Meeting on June 11, 2006 approved the consolidated financial statements under Indian GAAP for inclusion in the annual report in Form 20-F including a reconciliation of profit after tax and networth under Indian GAAP to net income and stockholders' equity
under US GAAP.
The Company reported stockholders' equity
of $1,176,624 on its quarterly report on Form 10-Q for the period ended March 31, 2006.
Congoleum Corporation (AMEX:CGM) reported today that it has received a letter from the American Stock Exchange (the "Amex") indicating that it does not meet the minimum income and stockholders' equity
requirements for continued listing on the Amex.
Due to this interpretation of EITF-00-19, the Company did not meet the stockholders' equity
requirement of $2.
Due to this interpretation of EITF-00-19, the Company will not meet the stockholders' equity
requirement of $2.
This revised classification will not result in the need for additional reserves or any change in stockholders' equity
, net income or earnings per share for any period, and will not have an impact on compliance with regulatory capital requirements.
The Group anticipates that any revised classification of these mortgage-related transactions will not result in the need for additional reserves or the need to adjust stockholders' equity
, net earnings or earnings per share for any period.