State Bank Corp. (fka SBAZ)

[Renee]

SBAZ: Merged with Glacier Bancorp, Inc. (GBCI); Shareholders will receive $1.69 in cash and 0.3706 shares of GBCI for each one (1) share held.

FINRA deleted symbol:

https://otce.finra.org/otce/dailyList?viewType=Deletions

[benfrankledger]

LAKE HAVASU CITY, Ariz., Feb. 24, 2017 (GLOBE NEWSWIRE) -- State Bank Corp. (OTCQB:SBAZ) (“Company”), the holding company for Mohave State Bank (“Bank”), today announced its Board of Directors declared a regular quarterly cash dividend of $0.035 per share. The dividend is payable on or about March 31, 2017 to shareholders of record on March 15, 2017. Based on the current share price, our annualized dividend yield is 1.80%.

[Trader086]

This stock will trade much higher very soon. Given that they have not had the big jump in PPS like the other banks have this one will have its day again. This bank use to trade in the $30 dollar per share range. In my opinion this bank is a best kept secret being able to pick up these shares for this long of a time with out having a lot of attention and big players pushing it around is great. As soon and big investors jump back in this one it will fly again. I would say gather as many shares as you can for the long term. IMO

[56Chevy]

Hi free bee,

I have no investing interest in this bank but opened the board to have a place to keep notes.

The lion's share of small community banks in the country are in some phase of recovery. SBAZ is no different and if I were to grade the bank on a 1 ~ 10 scale I would give it a 7.

The positives I see are they're beating their required cap ratios. They're not in any danger of being shut-down or given further regulatory sanctions.

They don't owe TARP.

Their EPS was a modest .06 @ share.

They've managed to decrease their troubled assets and yet increase their total assets at the same time which is rare for bank in this phase of recovery.

One of the most profitable (and smart) things they've done is to originate mortgages...however those profits can't be relied on to be sustained qtr after qtr (that would be true for any bank).

Net Interest Margin is 4.14% which is robust...many banks are in the high 2% ~ low 3% range.

All in all this is a solid bank and gaining strength.

So what are the negatives from an investment stand-point? It's way over-priced...and I'm not a fan of their stock dividend... it only increases the O/S.

[free_bee]

http://finance.yahoo.com/news/state-bank-corp-reports-first-165925097.html

Interest bearing deposits 3,126 5,192
Overnight Funds 32,985 7,400

can we assume that the customers are more interested in spending than in saving with the decrease in interest bearing deposits?

To have such an increase in overnightfund is good or bad?

http://en.wikipedia.org/wiki/Overnight_market

Someone told me to look for the following criteria and this bank does not seem to meet the criteria.

"The metrics I use are banks that have under .80 PPS/Book value, 1+% ROA, 7+% ROE and downward trending NPAs/PDs.

How should one take it where for this company, the following is the result...

"Return on average assets was 0.50% and return on average equity was 5.08% against return on average assets of 0.19% and return on average equity of 1.99% a year ago"

http://investing.businessweek.com/research/stocks/snapshot/snapshot.asp?ticker=SBAZ


https://www.facebook.com/lakehavasucityarizona
Looks like the bank is serving a prosperous community of the area.

[56Chevy]

State Bank Corp. Declares Stock Dividend

LAKE HAVASU CITY, Ariz., March 28, 2013 (GLOBE NEWSWIRE) -- State Bank Corp. (OTCBB:SBAZ) ("Company"), the holding company for Mohave State Bank ("Bank"), today announced a three percent stock dividend. The stock dividend was declared by the Board of Directors on March 28, 2013 to shareholders of record on April 12, 2013 and is payable on or about April 30, 2013.

"State Bank Corp. and Mohave State Bank are showing signs of recovery. The Board of Directors wishes to reward shareholders for their patience over the last few years. We sincerely appreciate the loyalty of our shareholders during the most recent challenging economic times," commented James E. Baker, Chairman of the Board.

About the Company

State Bank Corp., headquartered in Lake Havasu City, Arizona, is the parent company of Mohave State Bank, the largest locally-owned bank in Mohave County. Mohave State Bank is a full-service bank providing deposit and loan products, and convenient on-line banking to individuals, businesses and professionals. The Bank was established in October 1991, and the holding company was formed in 2004. The Bank has six full-service branches: two in Lake Havasu City, two in Kingman, one in Bullhead City, and one in Yuma, Arizona. The Company is traded over-the-counter as SBAZ. For further information, please visit the web site: www.mohavestbank.com.

http://globenewswire.com/news-release/2013/03/28/534800/10026800/en/State-Bank-Corp-Declares-Stock-Dividend.html

*I do not own shares of SBAZ at this time. PPS as of 5/14/2013 was $3.34