Tag: community bank

Why Goodwill Impairment Really Matters and The Best Way to Measure It

Written by Southard Financial on February 26, 2021. Posted in Blog.

2020 was a pretty wild ride for all kinds of businesses.

While we’re all glad to see it in the rearview mirror, there are some after-effects regarding valuations that you might want to consider.

Many businesses report “goodwill” on their balance sheets. Goodwill is an intangible asset on a company’s books that reflects the amount of the purchase price paid for a company’s net assets above the fair value of acquired tangible and other intangible assets in a sale transaction. Unlike some other assets, goodwill does not necessarily amortize over time, but it can be worth less than its original value. (More on that in a minute.)

How COVID-19 Has Affected Bank Stock Prices

Written by Southard Financial on September 4, 2020. Posted in Blog.

COVID-19 has certainly left no stone unturned when it comes to the damage it (or our reaction to it) has caused over the past several months.

Entire sections of the U.S. economy shut down literally overnight. Millions of Americans were forced out of work. Businesses both large and small have struggled to survive—and some may never return. Uncertainty hangs in the air like a fog that refuses to lift.

Bank stock prices were no exception to the disruption and have been significantly impacted during the first half of 2020.

What you need to know: ESOP and Community Bank Valuations in the era of Covid-19

Written by Southard Financial on April 27, 2020. Posted in Blog.

Whatever your plans were for 2020, it’s a safe bet that COVID-19 changed them. Its physical and economic impact has been felt literally around the world, and it will continue to have a ripple effect on businesses for months and years to come.

Why Community Banks Want A Reliable Valuation Company

Written by Southard Financial on October 30, 2019. Posted in Blog.

Most people intuitively know what a “community bank” is, even if it can be hard to define one financially. They are typically the smaller banks just down the street—locally owned, locally operated, and locally involved.

Community banks are the financial equivalent of the cozy diner that knows your order as soon as you walk in the door…a place where the teller you’ve known for years will greet you by your first name. Your kids may even play on the same little league team (sponsored by that very bank, of course). They are the bank where business is done based on relationships as much as a rule book.