Oxford Bank Corp. (OXBC)

[norweger1979]

OXBC $9.85

2015 annual report

https://www.oxfordbank.com/assets/files/n1lHR0MT/2016/03/15/Oxford%20Bank%20Corporation%202015%20Annual%20Report-Final.pdf

O/S
2013 1,156,690
2014 1,363,940
2015 2,162,865

book value
2013 $13.22
2014 $17.72
2015 $14.77

Net Income BEFORE taxes
2013 $563,000
2014 $911,000
2015 $2,191,000

Net Income
2013 $1,418,000
2014 $7,251,000
2015 $1,520,000

2014 Net Income includes $6+ Million reversal of TDA. Management successfully raised capital & adressed NPA. Next step should be growth in loan & deposits...

Total Deposits
2014 $237,115,000
2015 $285,566,000

Loans (net of ALL)
2014 $201,188,000
2015 $208,928,000

OREO down to $3,025,000 (2015) from $3,846,000 (2014) is another solid improvement! Time for stronger loan growth :)