First South Bancorp (fka FSBS)

[illegal_alias]

I'd argue that CIBH is less transparent than BCAR simply because filing a 10Q or 10K contains all of the info, even more than what CIBH reports. Here's why: the call report only reports the financial performance of the bank itself and does not incorporate expenses incurred by the holding company. Money disappears between the bank and holding company. Quarterly shareholders letter is just good PR when you are non-reporting. But, that is one reason I like CIBH over other non-reporting companies. Next best thing.