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ABCW is trading below the 0.55 Significant Point that would trigger a reversal of the Parabolic SAR's current bearish indication.
The On Balance Volume indicator (OBV) shows that longer term accumulation has given way to near term selling pressure.
The RSI recently crossed above the critical value of 30, which indicates that the selling pressure has lessened and that the internal strength of ABCW has increased.
The ADX is below 20 which signifies that ABCW is not trending. Therefore the Bearish signal provided by the Directional Movement Index is not confirmed.
The Stochastic Oscillator is registering a strong bullish signal as the %K has crossed above the %D. In addition, the oscillator recently moved above the critical value of 20 suggesting that ABCW is no longer oversold
Anchor BanCorp Wisconsin Inc. (OTC Market: ABCW.PK) today announced a net loss available to common equity of $3.4 million, or $0.16 per common share, for the three months ended June 30, 2012. This compares to a net loss available to common equity of $7.4 million, or $0.35 per common share and $8.2 million, or $0.38 per common share, for the three months ended March 31, 2012 and June 30, 2011, respectively.
Financial Highlights
•AnchorBank fsb (the "Bank) remains adequately capitalized for the eighth consecutive quarter.
•Net loss available to common equity decreased $4.0 million or 53.7 percent in the first quarter of fiscal 2013 compared to the preceding quarter ending March 31, 2012 and $4.7 million or 58.1 percent compared to the year ago quarter ending June 30, 2011.
•Non-performing loans decreased to $189.0 million at June 30, 2012 from $224.9 million in the preceding quarter.
•Net charge-offs also decreased, by $16.4 million or 67.4 percent, in the current quarter to $7.9 million from $24.3 million in the quarter ending March 31, 2012. Quarterly net charge-offs were below $10.0 million for the first time since the quarter ending March 31, 2010.
•Gross return on mortgage banking totaled $4.2 million in the current quarter, a decrease of $3.6 million, or 46.5 percent from $7.8 million in the preceding quarter; but an increase of $2.4 million over the same period a year ago.
•Total assets were essentially flat, decreasing by $5.4 million or 0.2 percent during the quarter to $2.8 billion at June 30, 2012.
•Cost of funds declined to 1.56 percent in the quarter ending June 30, 2012 compared to 1.78 percent in the year ago quarter as the Bank aggressively managed deposit pricing.
•Service charges on deposits improved to $2.9 million in the current quarter, up 7.3 percent and 2.6 percent over the preceding and prior year quarters, respectively.
•Investment and insurance commissions increased 9.3 percent in the current quarter to $1.0 million compared to the quarter ending March 31, 2012. This is the third time in the past three years that commission income has exceeded the million dollar threshold.
Bank Capital Ratios
June 30, 2012
June 30, March 31, June 30, Increase (decrease) vs.
(Dollars in thousands) 2012 2012 2011 3/31/12 6/30/11
Tier 1 capital $127,026 $125,894 $144,384 $1,132 ($17,358)
Adjusted total assets 2,783,319 2,792,122 3,255,388 (8,803) (472,069)
Tier 1 leverage ratio 4.56% 4.51% 4.44% 0.05% 0.12%
Total risk-based capital $148,738 $149,141 $171,563 ($403) ($22,825)
Risk weighted assets 1,656,451 1,771,260 2,062,719 (114,809) (406,268)
Total risk-based capital ratio 8.98% 8.42% 8.32% 0.56% 0.66%
Memo: Bank quarterly net income $913 ($144) ($1,067) $1,057 $1,980
The Bank's tier 1 leverage and total risk-based capital ratios of 4.56 percent and 8.98 percent at June 30, 2012, increased by 5 and 56 basis points, respectively, compared to March 31, 2012. The ratios benefitted from a planned decrease in assets (adjusted total assets and risk weighted assets), and the favorable impact on tier 1 capital and risk-based capital of the net income reported in the current quarter compared to net losses in the past several quarters. Risk weighted assets of $1.7 billion at June 30, 2012 decreased $115.5 million during the quarter due in part to a $115.6 million increase in zero percent risk weighted assets as the Bank has accumulated additional liquidity in the form of cash and cash equivalents on its balance sheet.
Under regulatory requirements, a bank must have a tier 1 leverage ratio of 4.0 percent or greater and a total risk-based capital ratio of 8.0 percent or greater to be considered adequately capitalized. "We are encouraged by our eighth consecutive quarter of capital ratios above the threshold to be considered adequately capitalized," stated Chris Bauer, President and Chief Executive Officer of the Corporation and the Bank. "Net income at the Bank of nearly one million in the quarter is also a promising development. We have not reported positive quarterly net earnings at the Bank level since September 2010," Bauer added.
While the Bank reported positive net quarterly earnings, the Corporation, as the holding company of the Bank, continues to be burdened with significant senior debt and preferred stock obligations:
•The Corporation currently owes $116.3 million to various lenders led by U.S. Bank under its credit agreement that matures November 30, 2012. In addition, accrued but unpaid interest and fees totaling $45.8 million associated with this obligation are also due and payable at maturity.
•The Corporation issued $110 million in preferred stock in January 2009 to the United States Treasury pursuant to the Treasury's Capital Purchase Program ("CPP"). As permitted under the CPP program, the Corporation has deferred thirteen quarterly preferred stock dividend payments to the Treasury totaling $20.4 million, including interest.
•While the Bank has substantial liquidity, it is currently precluded by its regulators from paying dividends to the Corporation for purposes of repayment of the foregoing obligations.
The Corporation continues to work with Sandler O'Neill & Partners, L.P. as its financial advisor to assist in efforts to address its capital needs.
Financial Results
Financial results for the first quarter ended June 30, 2012, include:
•Net interest margin fell to 2.57 percent for the three months ended June 30, 2012, from 2.77 percent for the same period in the previous year. Interest income decreased $9.1 million or 25.3 percent for the three months ended June 30, 2012, as compared to the same period in the prior year primarily due to a decline in average balances in the loan and investment security portfolios. Interest expense decreased $4.0 million or 27.4 percent for the three months ended June 30, 2012, as compared to the same period in the prior year due to a reduction in certificate of deposit average balances and the rate paid on these accounts.
•The provision for credit losses improved $5.2 million to a recapture of $(1.7) million for the three months ended June 30, 2012 compared to $3.5 million of provision expense in the same period in the previous year. The change was largely due to a lower required general allowance for losses on non-impaired loans resulting from an improvement in the credit metrics which are used in part to establish this reserve.
•Non-interest income totaled $13.5 million, up $4.3 million or 47.2 percent, compared to the same period in the previous year. The increase was primarily due to $5.8 million of gains on sale of mortgage loans in the three months ending June 30, 2012, up $4.7 million over the prior year quarter, reflecting better execution in the sale of these instruments into the secondary market. Gains on sale of REO also contributed to this favorable variance as total net gains of $3.2 million in the current quarter were $1.9 million higher than reported in the year ago quarter.
•Total non-interest expense decreased by $0.4 million or 1.2 percent, compared to the same period a year ago largely due to a decrease of $1.9 million in OREO expense arising from lower loss provisions on repossessed property reflecting stabilizing real estate values. This favorable variance was partially offset by a $1.0 million increase in mortgage servicing rights impairment as market interest rates declined considerably during the current year quarter.
Credit Quality
June 30, 2012
(Dollars in thousands) June 30, March 31, June 30, Increase (decrease) vs.
2012 2012 2011 3/31/12 6/30/11
Quarterly Financial Results
Provision for credit losses ($1,716) $4,601 $3,482 ($6,317) ($5,198)
Net charge-offs 7,935 24,336 15,002 (16,401) (7,067)
Key Metrics (at period end)
Loans 30 to 89 days past due 39,843 30,562 68,665 9,281 (28,822)
Non-performing loans (NPL) 188,987 224,924 260,927 (35,937) (71,940)
Other real estate owned 83,955 88,841 89,491 (4,886) (5,536)
Non-performing assets 272,942 313,765 350,418 (40,823) (77,476)
Allowance for loan loss to NPL 53.17% 49.45% 53.17% 3.72% 0.00%
Certain key credit related metrics continue to trend favorably with loans 30 to 89 days past due at $39.8 million as of June 30, 2012 compared to $68.7 million at June 30, 2011, although up $9.3 million over the preceding quarter. Non-performing loans of $189.0 million at June 30, 2012 were significantly lower than in the preceding quarter and the year ago quarter, decreasing $35.9 million and $71.9 million, respectively. The impact of these trends contributed to the lower provision for credit losses in the current quarter. Despite the decrease in provision for credit losses, the allowance for loan loss remains strong at 53.17 percent of non-performing loans at June 30, 2012. The level of non-performing assets (non-performing loans plus other real estate owned) has improved as the June 30, 2012 balance of $272.9 million is $40.8 million and $77.5 million lower than in the preceding quarter and year ago quarter reported amounts, respectively. Net charge-offs also declined notably, to $7.9 million in the current quarter compared to $24.3 million and $15.0 million in the quarters ending March 31, 2012 and June 30, 2011, respectively.
Bauer added, "Although we are pleased to see these favorable credit trends, considerable effort remains to be expended resolving troubled loans and the disposition of foreclosed properties. We continue to work aggressively to resolve the issues within the credit portfolios. The positive trends emerging on the credit front are partially offset by the negative impact of costs associated with carrying an elevated level of foreclosed properties on the Bank's balance sheet." Other real estate owned totaled $84.0 million at June 30, 2012, down from $88.8 million at March 31, 2012 and $89.5 million at June 30, 2011.
Mortgage Banking
For the Quarter Ending: June 30, 2012
(In thousands) June 30, March 31, June 30, Increase (decrease) vs.
2012 2012 2011 3/31/12 6/30/11
Loan servicing income (loss), net ($395) ($503) $814 $108 ($1,209)
Gain on sale of mortgages 5,823 6,406 1,156 (583) 4,667
OMSR (impairment) / recovery (1,257) 1,895 (221) (3,152) (1,036)
Residential mortgage banking gross returns $4,171 $7,798 $1,749 ($3,627) $2,422
Key Metrics
Origination volume (closed loans) $258,500 $294,200 $90,300 ($35,700) $168,200
Serviced loan portfolio 3,095,000 3,126,000 3,301,000 (31,000) (206,000)
Gross returns on residential mortgage banking totaled $4.2 million for the quarter ending June 30, 2012 compared to $7.8 million in the preceding quarter and $1.7 million in the year ago quarter. Lower returns in the quarter ending June 30, 2012 compared to the preceding quarter was primarily due to an unfavorable variance in OMSR of $3.2 million as lower market interest rates at quarter end resulted in an impairment charge vs. a recovery in the quarter ending March 31, 2012. Residential mortgage origination volume slipped to $258.5 million in the current quarter compared to $294.2 million in the preceding quarter but remained above the $235.6 million average origination volume over the past eight quarters. Gain on sale of mortgages was strong at $5.8 million compared to $6.4 million in the preceding quarter and $1.2 million in the year ago quarter, reflecting healthy margins on sale of this product into the secondary market and the execution of effective hedging strategies.
Commenting on residential mortgage activity, Bauer added, "The residential mortgage business continues to be a focus as customer demand, sparked by lower mortgage rates, has resulted in significantly higher revenues. It has also afforded us opportunities to increase product penetration rates for existing customers and to offer other products and services to customers new to the Bank."
About Anchor BanCorp Wisconsin Inc.
Anchor BanCorp Wisconsin Inc.'s stock is traded in the over-the-counter market under the symbol ABCW.PK. AnchorBank fsb (the "Bank"), the wholly owned subsidiary, has 57 offices. All are located in Wisconsin.
For More Information
For more information, contact Emily Campbell, VP – Marketing & Communications, at (608) 252-1436.
Forward-Looking Statements
This news release contains certain forward-looking statements, as that term is defined in the U.S. federal securities laws. In the normal course of business, we, in an effort to help keep our shareholders and the public informed about our operations, may from time to time issue or make certain statements, either in writing or orally, that are or contain forward-looking statements. Generally, these statements relate to business plans or strategies, projected or anticipated benefits from acquisitions or dispositions made by or to be made by us, projections involving anticipated revenues, earnings, liquidity, profitability or other aspects of operating results or other future developments in our affairs or the industry in which we conduct business. Although we believe that the anticipated results or other expectations reflected in our forward-looking statements are based on reasonable assumptions, we can give no assurance that those results or expectations will be attained. You should not put undue reliance on any forward-looking statements. Forward-looking statements speak only as of the date they are made and we undertake no obligation to update them in light of new information or future events, except to the extent required by federal securities laws. Please refer to our Annual Report for the fiscal year ending March 31, 2012 on Form 10-K, as filed with the Securities and Exchange Commission, for a more comprehensive discussion of forward-looking statements and the risks and uncertainties associated with our business.
ANCHOR BANCORP WISCONSIN INC. AND SUBSIDIARIES
Consolidated Balance Sheets
(Unaudited)
June 30, March 31,
2012 2012
(In thousands, except share data)
Assets
Cash and cash equivalents $ 368,369 $ 242,980
Investment securities available for sale, at fair value 231,644 242,299
Investment securities held to maturity, at amortized cost -- 20
Loans
Held for sale 27,938 39,332
Held for investment 1,959,551 2,058,008
Other real estate owned, net 83,955 88,841
Premises and equipment, net 27,422 25,453
Federal Home Loan Bank stock---at cost 30,522 35,792
Mortgage servicing rights, net 20,590 22,156
Accrued interest receivable 11,391 12,075
Other assets 22,694 22,496
Total assets $ 2,784,076 $ 2,789,452
Liabilities and Stockholders' Deficit
Deposits
Non-interest bearing $ 275,526 $ 264,751
Interest bearing 1,977,647 2,000,164
Total deposits 2,253,173 2,264,915
Other borrowed funds 476,378 476,103
Accrued interest and fees payable 47,937 43,320
Accrued taxes, insurance and employee related expenses 6,502 6,385
Other liabilities 28,594 28,279
Total liabilities 2,812,584 2,819,002
Preferred stock, $0.10 par value, 5,000,000 shares authorized, 110,000 shares issued and outstanding; dividends in arrears of $20,395 at June 30, 2012 and $18,785 at March 31, 2012 98,284 96,421
Common stock, $0.10 par value, 100,000,000 shares authorized, 25,363,339 shares issued, 21,247,725 shares outstanding 2,536 2,536
Additional paid-in capital 110,402 110,402
Retained deficit (149,321) (147,513)
Accumulated other comprehensive income (loss) 1,119 132
Treasury stock (4,115,614 shares), at cost (90,259) (90,259)
Deferred compensation obligation (1,269) (1,269)
Total stockholders' deficit (28,508) (29,550)
Total liabilities and stockholders' deficit $ 2,784,076 $ 2,789,452
ANCHOR BANCORP WISCONSIN INC. AND SUBSIDIARIES
Consolidated Statements of Operations and Comprehensive Income
(Unaudited)
Three Months Ended June 30,
2012 2011
Interest income: (In thousands, except per share data)
Loans $ 25,288 $ 32,109
Investment securities and Federal Home Loan Bank stock 1,549 3,956
Interest-bearing deposits 154 52
Total interest income 26,991 36,117
Interest expense:
Deposits 3,591 7,319
Other borrowed funds 7,001 7,278
Total interest expense 10,592 14,597
Net interest income 16,399 21,520
Provision for credit losses (1,716) 3,482
Net interest income after provision for credit losses 18,115 18,038
Non-interest income:
Net impairment losses on securities recognized in earnings (64) (59)
Loan servicing income (loss), net of amortization (395) 814
Service charges on deposits 2,866 2,794
Investment and insurance commissions 1,032 1,037
Net gain on sale of loans 5,823 1,173
Net gain on sale of investment securities 62 1,136
Net gain on sale of OREO 3,172 1,245
Other revenue from real estate partnership operations 5 38
Other 997 994
Total non-interest income 13,498 9,172
Non-interest expense:
Compensation and benefits 10,560 10,194
Occupancy 1,833 1,980
Furniture and equipment 1,586 1,544
Federal deposit insurance premiums 1,564 1,933
Data processing 1,385 1,383
Marketing 239 305
Expenses from real estate partnership operations 571 42
OREO operations - net expense 7,012 8,870
Mortgage servicing rights impairment (recovery) 1,257 221
Legal services 1,574 934
Other professional fees 643 1,018
Other 3,334 3,531
Total non-interest expense 31,558 31,955
Loss before income taxes 55 (4,745)
Income tax expense -- 10
Net loss 55 (4,755)
Preferred stock dividends in arrears (1,610) (1,536)
Preferred stock discount accretion (1,863) (1,863)
Net loss available to common equity $ (3,418) $ (8,154)
Net loss $ 55 $ (4,755)
Reclassification adjustment for realized net gains recognized in income (62) (1,136)
Reclassification adjustment for unrealized credit related other-than-temporary impairment losses recognized in income 68 59
Reclassification adjustment for credit related other-than-temporary impairment previously recognized on securities paid-off during the period (4) --
Change in net unrealized gains (losses) on available-for-sale securities 985 14,013
Comprehensive loss $ 1,042 $ 8,181
Loss per common share:
Basic $ (0.16) $ (0.38)
Diluted (0.16) (0.38)
ANCHOR BANCORP WISCONSIN INC. AND SUBSIDIARIES
Financial Highlights (1)
(Unaudited)
Three Months Ended
June 30,
2012 2011
Yield on earning assets 4.22% 4.66%
Cost of funds 1.56 1.78
Interest rate spread 2.66 2.88
Net interest margin 2.57 2.77
Book value per common share (6.52) (5.41)
(1) Annualized when appropriate.
CONTACT: Emily Campbell
VP -- Marketing & Communications
(608) 252-1436
The RSI, is currently at 22.84%, below the critical value of 30, which suggests that ABCW is oversold.
Anchor BanCorp Wisconsin Inc. (OTC Market:ABCW.PK) today announced a net loss available to common equity of $7.4 million, or $0.35 per common share, for the three months ended March 31, 2012. This compares to a net loss available to common equity of $21.7 million, or $1.02 per common share, and $15.3 million, or $0.72 per common share, for the three months ended March 31, 2011 and December 31, 2011, respectively. For the fiscal year ended March 31, 2012, net loss available to common equity was $50.4 million, compared to $54.5 million in the prior year.
Financial Highlights
•AnchorBank fsb (the "Bank) remains adequately capitalized for the seventh consecutive quarter.
•Net loss available to common equity decreased $7.9 million or 51.7 percent in the fourth quarter of fiscal 2012 compared to the preceding quarter ending December 31, 2011 and $14.3 million or 66.0 percent compared to the year ago quarter ending March 31, 2011.
•Non-performing loans decreased to $224.9 million at March 31, 2012 from $261.2 million in the preceding quarter. Net charge-offs, however increased by $8.5 million in the current quarter to $24.3 million, from $15.8 million in the preceding quarter ending December 31, 2011.
•Gross mortgage banking revenue totaled $7.8 million in the current quarter, an increase of $2.4 million, or 43.4 percent over $5.4 million in the preceding quarter.
•Total assets decreased by $272.1 million, or 8.9 percent to $2.8 billion at March 31, 2012, compared to $3.1 billion at December 31, 2011 as the Bank allowed high rate CD's to roll off or re-price at today's lower interest rates.
•Cost of funds declined to 1.72% in the quarter ending March 31, 2012 compared to 1.85% in the year ago quarter as the Bank aggressively managed deposit pricing.
•Service charges on deposits improved to $2.7 million in the current quarter compared to $2.5 million in the same quarter a year ago, contrasting a national trend of declining fee revenue in the banking industry as the Bank carefully managed fee based services.
Bank Capital Ratios
March 31, 2012
March 31, December 31, March 31, Increase (decrease) vs.
(Dollars in thousands) 2012 2011 2011 12/31/11 3/31/11
Tier 1 capital $125,894 $125,881 $145,807 $13 ($19,913)
Adjusted total assets 2,792,122 3,064,805 3,422,303 (272,683) (630,181)
Tier 1 leverage ratio 4.51% 4.11% 4.26% 0.40% 0.25%
Total risk-based capital $149,141 $150,518 $174,453 ($1,377) ($25,312)
Risk weighted assets 1,771,260 1,864,639 2,170,197 (93,379) (398,937)
Total risk-based capital ratio 8.42% 8.07% 8.04% 0.35% 0.38%
The Bank's Tier 1 leverage and total risk-based capital ratios of 4.51 percent and 8.42 percent at March 31, 2012, increased by 40 and 35 basis points, respectively compared to December 31, 2011. The ratios benefitted from a planned decrease in assets (adjusted total assets and risk weighted assets), and the muted impact on Tier 1 capital and risk-based capital of the lower net loss reported in the current quarter as compared to the past several quarters.
Under regulatory requirements, a bank must have a Tier 1 leverage ratio of 4.0 percent or greater and a total risk-based capital ratio of 8.0 percent or greater to be considered adequately capitalized. "We are encouraged by our seventh consecutive quarter of capital ratios above the threshold to be considered adequately capitalized," stated Chris Bauer, President and Chief Executive Officer of the Corporation and the Bank. "These are our highest reported capital ratios since June 2009," Bauer added.
The Corporation, as the holding company of the Bank, however continues to be burdened with significant senior debt and preferred stock obligations:
•The Corporation currently owes $116.3 million to various lenders led by U.S. Bank under its credit agreement that matures November 30, 2012. In addition, accrued but unpaid interest and fees totaling $41.0 million associated with this obligation are also due and payable at maturity.
•The Corporation issued $110 million in preferred stock in January 2009 to the United States Treasury pursuant to the Treasury's Capital Purchase Program ("CPP"). As permitted under the CPP program, the Corporation has deferred twelve quarterly preferred stock dividend payments to the Treasury totaling $18.8 million, including interest.
•While the Bank has substantial liquidity, it is currently precluded by its regulators from paying dividends to the Corporation for purposes of repayment of the foregoing obligations.
The Corporation continues to work with Sandler O'Neill & Partners, L.P. as its financial advisor to assist in capital raising efforts to address its capital needs.
Financial Results
Financial results for the fourth quarter ended March 31, 2012, include:
•Net interest margin fell to 2.35 percent for the three months ended March 31, 2012, from 2.63 percent for the same period in the previous year. The decrease was primarily due to a 300 basis point rate increase on the $116.3 million Credit Agreement to 15 percent per annum effective in May 2011, and sales of higher yielding investment securities in September 2011.
•Provision for credit losses of $4.6 million decreased $5.6 million, or 54.8 percent from $10.2 million in the same period a year ago largely due to a lower required general allowance for losses on non-impaired loans attributable to improved credit metrics which are used in part to establish this reserve.
•Non-interest income totaled $13.0 million, up $5.9 million or 82.7 percent, compared to the same period in the previous year. The increase was primarily due to higher gains on sale of mortgage loans reflecting better execution in the sale of these instruments into the secondary market. Gains on sale of REO also contributed to this favorable variance as total net gains of $1.9 million in the current quarter ended March 31, 2012 were $1.6 million higher than reported in the year ago quarter.
•Total non-interest expense decreased by $8.4 million or 22.9 percent, compared to the comparable period a year ago largely due to lower loss provisions on repossessed property reflecting stabilizing real estate values; and recovery of previously recorded mortgage servicing rights impairment as market interest rates drifted higher at the end of March 2012.
Credit Quality
March 31, 2012
(Dollars in thousands) March 31, December 31, March 31, Increase (decrease) vs.
2012 2011 2011 12/31/11 3/31/11
Quarterly Financial Results
Provision for credit losses $4,601 $8,380 $10,178 ($3,779) ($5,577)
Net charge-offs 24,336 15,848 17,428 8,488 6,908
Key Metrics (at period end)
Loans 30 to 89 days past due 30,562 46,655 76,723 (16,093) (46,161)
Non-performing loans (NPL) 224,924 261,152 282,645 (36,228) (57,721)
Other real estate owned 88,841 86,925 90,707 1,916 (1,866)
Non-performing assets 313,765 348,077 373,352 (34,312) (59,587)
Allowance for loan loss to NPL 49.45% 50.13% 53.11% -0.68% -3.66%
Certain key credit related metrics continue to trend favorably as both loans 30 to 89 days past due and non-performing loans as of March 31, 2012 were lower compared to the preceding quarter and the year ago quarter. The impact of these trends contributed significantly to the lower provision for credit losses in the current quarter. Despite the decrease in provision for credit losses, the allowance for loan loss remains strong at just shy of 50 percent of non-performing loans at March 31, 2012. The level of non-performing assets (non-performing loans plus other real estate owned) has also improved as the March 31, 2012 balance of $313.8 million is $34.3 million and $59.6 million lower than the preceding quarter and year ago quarter reported amounts, respectively. Net charge-offs however, spiked $8.5 million over the preceding quarter to $24.3 million reflecting the uneven nature of this activity as several larger exposures moved to charge-off status in the current quarter.
Bauer added, "Although we are pleased to see some favorable credit trends, much work remains to be done regarding troubled loans and the disposition of foreclosed properties. We continue to work aggressively to resolve the issues that remain in the credit portfolios. The positive trends emerging on the credit front are partially offset as we continue to be negatively impacted by ongoing costs associated with carrying an elevated level of foreclosed properties on the Bank's balance sheet." Other real estate owned totaled $88.8 million at March 31, 2012, up from $86.9 million at December 31, 2011, but a decrease of $1.9 million compared to $90.7 million at March 31, 2011.
Mortgage Banking
For the Quarter Ending: March 31, 2012
(In thousands) March 31, December 31, March 31, Increase (decrease) vs.
2012 2011 2011 12/31/11 3/31/11
Gross revenue
Loan servicing income (loss), net ($507) ($1,571) $516 $1,064 ($1,023)
Credit enhancement income 4 5 43 (1) (39)
Gain on sale of mortgages 6,406 6,018 1,600 388 4,806
OMSR (impairment) / recovery 1,895 985 (52) 910 1,947
Residential mortgage banking revenue $7,798 $5,437 $2,107 $2,361 $5,691
Key Metrics
Origination volume (closed loans) $294,200 $405,000 $105,000 ($110,800) $189,200
Serviced loan portfolio 3,126,000 3,173,000 3,366,000 (47,000) (240,000)
Residential mortgage banking revenue totaled $7.8 million for the quarter ending March 31, 2012 compared to $5.4 million in the preceding quarter and $2.1 million in the year ago quarter. Residential mortgage origination volume slipped to $294.2 million in the current quarter from the recent high water mark of $405.0 million set in the preceding quarter, yet is well above the $219.7 million average origination volume over the past two years. Gain on sale of mortgages was strong again this quarter at $6.4 million compared to $6.0 million in the preceding quarter and $1.6 million in the year ago quarter reflecting healthy margins on sale of this product into the secondary market and effective hedging strategies.
Commenting on residential mortgage activity, Bauer added, "Residential mortgages have been a focus over the past several months as customer demand, sparked by lower mortgage rates, resulted in significantly higher revenues. It has also afforded us an opportunity to increase product penetration rates for existing customers as well as to offer other products and services to customers new to the Bank."
Retirement of Certain Directors
Donald Kropidlowski, Greg Larson, and Donald Parker, who have served as directors since 1995, 1992, and 1999, respectively, have announced their retirement effective June 30, 2012.
Bauer said, "Messrs. Kropidlowski, Larson and Parker have been very dedicated and supportive of our efforts to address our financial issues." Bauer also indicated that with two Board members now being elected by the U.S. Treasury ("Treasury") as a result of shares issued to it in connection with the Troubled Asset Relief Program in 2009, the Board of Directors is expected to reduce the size of the Board following the Annual Meeting from eleven to eight members with six members elected by the holders of common stock and two members by the Treasury.
About Anchor BanCorp Wisconsin Inc.
Anchor BanCorp Wisconsin Inc.'s stock is traded in the over-the-counter market under the symbol ABCW.PK. AnchorBank fsb (the "Bank"), the wholly owned subsidiary, has 57 offices. All are located in Wisconsin.
Forward-Looking Statements
This news release contains certain forward-looking statements, as that term is defined in the U.S. federal securities laws. In the normal course of business, we, in an effort to help keep our shareholders and the public informed about our operations, may from time to time issue or make certain statements, either in writing or orally, that are or contain forward-looking statements. Generally, these statements relate to business plans or strategies, projected or anticipated benefits from acquisitions or dispositions made by or to be made by us, projections involving anticipated revenues, earnings, liquidity, profitability or other aspects of operating results or other future developments in our affairs or the industry in which we conduct business. Although we believe that the anticipated results or other expectations reflected in our forward-looking statements are based on reasonable assumptions, we can give no assurance that those results or expectations will be attained. You should not put undue reliance on any forward-looking statements. Forward-looking statements speak only as of the date they are made and we undertake no obligation to update them in light of new information or future events, except to the extent required by federal securities laws. Please refer to our Annual Report for the fiscal year ending March 31, 2012 on Form 10-K, as filed with the Securities and Exchange Commission, for a more comprehensive discussion of forward-looking statements and the risks and uncertainties associated with our business.
ANCHOR BANCORP WISCONSIN INC. AND SUBSIDIARIES
Consolidated Balance Sheets
(Unaudited)
March 31,
2012 2011
(In thousands, except share data)
Assets
Cash and cash equivalents $ 242,980 $ 107,015
Investment securities available for sale, at fair value 242,299 523,289
Investment securities held to maturity, at amortized cost 20 27
Loans
Held for sale 39,332 7,538
Held for investment 2,058,008 2,520,367
Other real estate owned, net 88,841 90,707
Real estate held for development and sale 457 717
Premises and equipment, net 25,453 29,127
Federal Home Loan Bank stock--at cost 35,792 54,829
Mortgage servicing rights, net 22,156 24,961
Accrued interest receivable 12,075 16,353
Other assets 22,039 19,895
Total assets $ 2,789,452 $ 3,394,825
Liabilities and Stockholders' Deficit
Deposits
Non-interest bearing $ 264,751 $ 240,671
Interest bearing 2,000,164 2,458,762
Total deposits 2,264,915 2,699,433
Other borrowed funds 476,103 659,005
Accrued interest and fees payable 43,320 28,319
Accrued taxes, insurance and employee related expenses 6,385 6,609
Other liabilities 28,279 14,630
Total liabilities 2,819,002 3,407,996
Preferred stock, $0.10 par value, 5,000,000 shares authorized, 110,000 shares issued and outstanding; dividends in arrears of $18,785 at March 31, 2012 and $12,507 at March 31, 2011 96,421 89,008
Common stock, $0.10 par value, 100,000,000 shares authorized, 25,363,339 shares issued, 21,247,725 shares outstanding 2,536 2,536
Additional paid-in capital 110,402 111,513
Retained deficit (147,513) (103,362)
Accumulated other comprehensive income (loss) 132 (19,952)
Treasury stock (4,115,614 shares), at cost (90,259) (90,534)
Deferred compensation obligation (1,269) (2,380)
Total stockholders' deficit (29,550) (13,171)
Total liabilities and stockholders' deficit $ 2,789,452 $ 3,394,825
ANCHOR BANCORP WISCONSIN INC. AND SUBSIDIARIES
Consolidated Statements of Operations and Comprehensive Loss
(Unaudited)
Three Months Ended Year Ended
March 31, March 31,
2012 2011 2012 2011
Interest income: (In thousands, except per share data)
Loans $ 26,559 $ 33,231 $ 116,929 $ 150,692
Investment securities and Federal Home Loan Bank stock 1,427 3,943 9,738 15,251
Interest-bearing deposits 177 66 584 520
Total interest income 28,163 37,240 127,251 166,463
Interest expense:
Deposits 4,870 8,607 24,963 48,626
Other borrowed funds 7,405 7,173 30,366 32,757
Total interest expense 12,275 15,780 55,329 81,383
Net interest income 15,888 21,460 71,922 85,080
Provision for credit losses 4,601 10,178 33,578 51,198
Net interest income after provision for credit losses 11,287 11,282 38,344 33,882
Non-interest income:
Net impairment losses on securities recognized in earnings (231) (78) (568) (440)
Loan servicing income (loss), net of amortization (507) 516 (832) 1,592
Credit enhancement income on mortgage loans sold 4 43 71 648
Service charges on deposits 2,672 2,544 11,339 12,317
Investment and insurance commissions 944 752 3,808 3,448
Net gain on sale of loans 6,406 1,600 17,591 17,764
Net gain on sale of investment securities 217 709 6,579 8,661
Net gain on sale of OREO 1,942 315 6,118 3,640
Net gain on sale of branches -- 2 -- 7,350
Other revenue from real estate partnership operations 64 (295) 222 92
Other 1,469 997 5,028 4,431
Total non-interest income 12,980 7,105 49,356 59,503
Non-interest expense:
Compensation and benefits 10,878 10,203 41,741 42,002
Occupancy 1,971 2,236 7,946 8,541
Furniture and equipment 1,358 1,536 5,989 6,559
Federal deposit insurance premiums 1,654 2,283 7,189 11,402
Data processing 1,603 1,559 6,259 6,540
Marketing 582 514 1,461 1,479
Expenses from real estate partnership operations 121 115 881 662
OREO operations - net expense 6,633 12,093 28,777 31,165
Mortgage servicing rights impairment (recovery) (1,895) 52 2,410 (97)
Legal services 1,315 1,333 4,892 7,978
Other professional fees 844 1,387 3,669 5,294
Other 3,156 3,309 13,214 12,874
Total non-interest expense 28,220 36,620 124,428 134,399
Loss before income taxes (3,953) (18,233) (36,728) (41,014)
Income tax expense -- 150 10 164
Net loss (3,953) (18,383) (36,738) (41,178)
Preferred stock dividends in arrears (1,591) (1,503) (6,278) (5,934)
Preferred stock discount accretion (1,844) (1,843) (7,413) (7,412)
Net loss available to common equity $ (7,388) $ (21,729) $ (50,429) $ (54,524)
Net loss $ (3,953) $ (18,383) $ (36,738) $ (41,178)
Reclassification adjustment for realized net gains recognized in income (217) (709) (6,579) (8,661)
Reclassification adjustment for unrealized credit related other-than-
temporary impairment losses recognized in income 98 70 194 432
Reclassification adjustment for realized credit losses recognized in income 123 -- 364 --
Change in net unrealized gains (losses) on available-for-sale securities (274) 921 26,105 (6,324)
Comprehensive loss $ (4,223) $ (18,101) $ (16,654) $ (55,731)
Loss per common share:
Basic $ (0.35) $ (1.02) $ (2.37) $ (2.57)
Diluted (0.35) (1.02) (2.37) (2.57)
ANCHOR BANCORP WISCONSIN INC. AND SUBSIDIARIES
Financial Highlights (1)
(Unaudited)
Three Months Ended Year Ended
March 31, March 31,
2012 2011 2012 2011
Yield on earning assets 4.17% 4.57% 4.34% 4.59%
Cost of funds 1.72 1.85 1.79 2.16
Interest rate spread 2.45 2.72 2.55 2.43
Net interest margin 2.35 2.63 2.45 2.35
Non-interest expense to average assets 3.89 4.22 3.96 3.50
Book value per common share (6.57) (5.80) (6.57) (5.80)
(1) Annualized when appropriate.
CONTACT: For more information, contact
Emily Campbell, VP - Marketing & Communications
(608) 252-1436
ABCW is substantially below its 10 week simple moving average. Although the moving average is still trending higher, it is likely that it will begin to follow the stock price lower.
Monday, ABCW closed below the trigger point for the Parabolic SAR and is currently registering a bearish signal. The current Significant Point, above which a reversal to the bullish side would occur, is 0.99.
ABCW is trading within its price channel.
The On Balance Volume indicator (OBV) shows that longer term selling pressure has given way to near term accumulation.
The RSI, is currently at 25.23%, below the critical value of 30, which suggests that ABCW is oversold. Although this does not necessarily mean that shares will rally, it is an indication that recent selling pressure is at a level that is not normally sustainable.
ABCW's MACD is indicating a weak bearish signal. Although the indicator is above the critical level of 0, which implies that the underlying moving averages are bullish, the MACD has crossed below its 9-week moving average or signal line. This suggests that positive momentum has begun to slow.
Click here for $ABCW DD extras..
<<< $ABCW Links! >>> ~ MAC's Quick DD Links without the charts.
Open these links (or the ones you desire) in background tabs
http://help.opera.com/Linux/9.52/en/keyboard.html
http://lifehacker.com/263940/force-links-to-open-in-the-background
PennyStockTweets ~ http://www.pennystocktweets.com/stocks/profile/ABCW
OTC Markets Company Info ~ http://www.otcmarkets.com/stock/ABCW/company-info
OTC Markets Charts ~ http://www.otcmarkets.com/stock/ABCW/chart
OTC Markets Quote ~ http://www.otcmarkets.com/stock/ABCW/quote
OTC Markets News ~ http://www.otcmarkets.com/stock/ABCW/news
OTC Markets Financials ~ http://www.otcmarkets.com/stock/ABCW/financials
OTC Markets Short Sales ~ http://www.otcmarkets.com/stock/ABCW/short-sales
OTC Markets Insider Disclosure ~ http://www.otcmarkets.com/stock/ABCW/insider-transactions
OTC Markets Research Reports ~ http://www.otcmarkets.com/stock/ABCW/research
Google Finance Summary ~ http://www.google.com/finance?q=ABCW
Google Finance News ~ http://www.google.com/finance/company_news?q=ABCW
Google Finance Option chain ~ http://www.google.com/finance/option_chain?q=ABCW
Google Finance Financials ~ http://www.google.com/finance?q=ABCW&fstype=ii#
Google Finance Historical prices Daily ~ http://www.google.com/finance/historical?q=ABCW
Google Finance Historical prices Weekly ~ http://www.google.com/finance/historical?q=ABCW&histperiod=weekly#
Y! < Company >
Y! Profile ~ http://finance.yahoo.com/q/pr?s=ABCW+Profile
Y! Key Stat's ~ http://finance.yahoo.com/q/ks?s=ABCW+Key+Statistics
Y! Headlines ~ http://finance.yahoo.com/q/h?s=ABCW+Headlines
Y! Summary ~ http://finance.yahoo.com/q?s=ABCW
Y! Historical Prices ~ http://finance.yahoo.com/q/hp?s=ABCW+Historical+Prices
Y! Order Book ~ http://finance.yahoo.com/q/ecn?s=ABCW+Order+Book
Y! Message Boards ~ http://messages.finance.yahoo.com/mb/ABCW
Y! Market Pulse ~ http://finance.yahoo.com/marketpulse/ABCW
Y! Technical Analysis ~ http://finance.yahoo.com/q/ta?s=ABCW+Basic+Tech.+Analysis
Y! < Analyst Coverage >
Y! Analyst Opinion ~ http://finance.yahoo.com/q/ao?s=ABCW+Analyst+Opinion
Y! Analyst Estimates ~ http://finance.yahoo.com/q/ae?s=ABCW+Analyst+Estimates
Y! Research Reports ~ http://finance.yahoo.com/q/rr?s=ABCW+Research+Reports
Y! Star Analysts ~ http://finance.yahoo.com/q/sa?s=ABCW+Star+Analysts
Y! < Ownership >
Y! Major Holders ~ http://finance.yahoo.com/q/mh?s=ABCW+Major+Holders
Y! Insider Transactions ~ http://finance.yahoo.com/q/it?s=ABCW+Insider+Transactions
Y! Insider Roster ~ http://finance.yahoo.com/q/ir?s=ABCW+Insider+Roster
Y! < Financials >
Y! Income Statement ~ http://finance.yahoo.com/q/is?s=ABCW+Income+Statement&annual
Y! Balance Sheet ~ http://finance.yahoo.com/q/bs?s=ABCW+Balance+Sheet&annual
Y! Cash Flow ~ http://finance.yahoo.com/q/cf?s=ABCW+Cash+Flow&annual
FINVIZ ~ http://finviz.com/quote.ashx?t=ABCW&ty=c&ta=0&p=d
Investorshub Trades ~ http://ih.advfn.com/p.php?pid=trades&symbol=ABCW
Investorshub Board Search ~ http://investorshub.advfn.com/boards/getboards.aspx?searchstr=ABCW
Investorshub PostStream ~ http://investorshub.advfn.com/boards/poststream.aspx?ticker=ABCW
Investorshub Messages ~ http://investorshub.advfn.com/boards/msgsearch.aspx?SearchStr=ABCW
Investorshub Videos ~ http://ih.advfn.com/p.php?pid=ihvse&ihvqu=ABCW
Investorshub News ~ http://ih.advfn.com/p.php?pid=news&btn=s_ok&ctl00%24sb3%24tbq1=Get+Quote&as_values_IH=&ctl00%24sb3%24stb1=Search+iHub&symbol=ABCW&s_ok=OK&from_month=3&from_day=15&from_year=2012&order=desc&selsrc%5B%5D=prnca&selsrc%5B%5D=prnus&selsrc%5B%5D=zacks&selsrc%5B%5D=money2&selsrc%5B%5D=djn&selsrc%5B%5D=bw&selsrc%5B%5D=globe&selsrc%5B%5D=edgar&selsrc%5B%5D=mwus&force=1&last_ts=1331855999&p_n=1&p_count=&p_ts=1331794260
CandlestickChart ~ http://www.candlestickchart.com/cgi/chart.cgi?symbol=ABCW&exchange=US
Barchart Quote ~ http://barchart.com/quotes/stocks/ABCW?
Barchart Detailed Quote ~ http://barchart.com/detailedquote/stocks/ABCW
Barchart Options Quotes ~ http://barchart.com/options/stocks/ABCW
Barchart Technical Chart ~ http://barchart.com/charts/stocks/ABCW&style=technical
Barchart Interactive Chart ~ http://barchart.com/charts/stocks/ABCW&style=interactive
Barchart Technical Analysis ~ http://barchart.com/technicals/stocks/ABCW
Barchart Trader's Cheat Sheet ~ http://barchart.com/cheatsheet.php?sym=ABCW
Barchart Barchart Opinion ~ http://barchart.com/opinions/stocks/ABCW
Barchart Snapshot Opinion ~ http://barchart.com/snapopinion/stocks/ABCW
Barchart News Headlines ~ http://barchart.com/news/stocks/ABCW
Barchart Profile ~ http://barchart.com/profile//ABCW
Barchart Key Statistics ~ http://barchart.com/profile.php?sym=ABCW&view=key_statistics
OTC: American Bulls ~ http://www.americanbulls.com/StockPage.asp?CompanyTicker=ABCW&MarketTicker=OTC&TYP=S
NASDAQ: American Bulls ~ http://www.americanbulls.com/StockPage.asp?CompanyTicker=ABCW&MarketTicker=NASD&TYP=S
NYSE: American Bulls ~ http://www.americanbulls.com/StockPage.asp?CompanyTicker=ABCW&MarketTicker=NYSE&Typ=S
Marketwatch Profile ~ http://www.marketwatch.com/investing/stock/ABCW/profile
Marketwatch Analyst Estimates ~ http://www.marketwatch.com/investing/stock/ABCW/analystestimates
Marketwatch Historical Quotes ~ http://www.marketwatch.com/investing/stock/ABCW/historical
Marketwatch Financials ~ http://www.marketwatch.com/investing/stock/ABCW/financials
Marketwatch Overview ~ http://www.marketwatch.com/investing/stock/ABCW
Marketwatch SEC Filings ~ http://www.marketwatch.com/investing/stock/ABCW/secfilings
Marketwatch Picks ~ http://www.marketwatch.com/investing/stock/ABCW/picks
Marketwatch Hulbert ~ http://www.marketwatch.com/investing/stock/ABCW/hulbert
Marketwatch Insider Actions ~ http://www.marketwatch.com/investing/stock/ABCW/insideractions
Marketwatch Options ~ http://www.marketwatch.com/investing/stock/ABCW/options
Marketwatch Charts ~ http://www.marketwatch.com/investing/stock/ABCW/charts
Marketwatch News ~ http://bigcharts.marketwatch.com/news/symbolsearch/symbolnews.asp?news=markadv&symb=ABCW&sid=1795093&framed=False
The Lion ~ http://thelion.com/bin/aio_msg.cgi?cmd=search&msg=&si=1&tw=1&tt=1&rb=1&ih=1&fo=1&iv=1&yf=1&sa=1&fb=1&gg=1&symbol=ABCW
Search NYSE ~ http://www.nyse.com/about/listed/lcddata.html?ticker=ABCW
StockTA ~ http://www.stockta.com/cgi-bin/analysis.pl?symb=ABCW&num1=567&cobrand=&mode=stock
StockHouse ~ http://www.stockhouse.com/financialtools/sn_overview.aspx?qm_symbol=ABCW
StockHouse Delayed LII ~ http://www.stockhouse.com/financialtools/sn_level2.aspx?qm_page=46140&qm_symbol=ABCW
AlphaTrade ~ http://tools.alphatrade.com/index.php?t1=mc_quote_module&t2=mc_quote_module2&t3=historical&template=historical2html&sym=ABCW&client_id=2740&a_width=680&a_height=1000&language=english&showVol=1&chtype=8
Reuters ~ http://www.reuters.com/finance/stocks/companyOfficers?symbol=ABCW.PK&WTmodLOC=C4-Officers-5
StockWatch ~ http://www.stockwatch.com/Quote/Detail.aspx?symbol=ABCW®ion=U
Search NASDAQ ~ http://www.nasdaq.com/symbol/ABCW
NASDAQ Divy History ~ http://www.nasdaq.com/symbol/ABCW/dividend-history
NASDAQ Short Interest ~ http://www.nasdaq.com/symbol/ABCW/short-interest
NASDAQ Institutional Ownership ~ http://www.nasdaq.com/symbol/ABCW/institutional-holdings
NASDAQ FlashQuotes ~ http://www.nasdaq.com/aspx/flashquotes.aspx?symbol=ABCW&selected=ABCW
NASDAQ InfoQuotes ~ http://www.nasdaq.com/aspx/infoquotes.aspx?symbol=ABCW&selected=ABCW
NASDAQ After Hours Quote ~ http://www.nasdaq.com/symbol/ABCW/after-hours
NASDAQ Pre-Market Quote ~ http://www.nasdaq.com/symbol/ABCW/premarket
NASDAQ Historical Quote ~ http://www.nasdaq.com/symbol/ABCW/historical
NASDAQ Option Chain ~ http://www.nasdaq.com/symbol/ABCW/option-chain
NASDAQ Company Headlines ~ http://www.nasdaq.com/symbol/ABCW/news-headlines
NASDAQ Press Releases ~ http://www.nasdaq.com/symbol/ABCW/news-headlines
NASDAQ Sentiment ~ http://www.nasdaq.com/symbol/ABCW/sentiment
NASDAQ Analyst Summary ~ http://www.nasdaq.com/symbol/ABCW/analyst-research
NASDAQ Guru Analysis~ http://www.nasdaq.com/symbol/ABCW/guru-analysis
NASDAQ Stock Report ~ http://www.nasdaq.com/symbol/ABCW/stock-report
NASDAQ Competitors ~ http://www.nasdaq.com/symbol/ABCW/competitors
NASDAQ Stock Consultant ~ http://www.nasdaq.com/symbol/ABCW/stock-consultant
NASDAQ Stock Comparison ~ http://www.nasdaq.com/symbol/ABCW/stock-comparison
NASDAQ Call Transcripts ~ http://www.nasdaq.com/symbol/ABCW/call-transcripts
NASDAQ Annual Reports ~ http://www.nasdaq.com/aspx/annualreport.aspx?symbol=ABCW&selected=ABCW
NASDAQ Financials ~ http://www.nasdaq.com/symbol/ABCW/financials
NASDAQ Revenue & Earnings Per Share (EPS) ~ http://www.nasdaq.com/symbol/ABCW/revenue-eps
NASDAQ SEC Filings ~ http://www.nasdaq.com/symbol/ABCW/sec-filings
NASDAQ Ownership Summary ~ http://www.nasdaq.com/symbol/ABCW/ownership-summary
NASDAQ Institutional Ownership ~ http://www.nasdaq.com/symbol/ABCW/institutional-holdings
NASDAQ (SEC Form 4) ~
--------- All Trades ~ http://www.nasdaq.com/symbol/ABCW/insider-trades
--------- Buys ~ http://www.nasdaq.com/symbol/ABCW/insider-trades/buys
--------- Sells ~ http://www.nasdaq.com/symbol/ABCW/insider-trades/sells
The Motley Fool ~ http://caps.fool.com/Ticker/ABCW.aspx
The Motley Fool Earnings/Growth ~ http://caps.fool.com/Ticker/ABCW/EarningsGrowthRates.aspx?source=itxsittst0000001
The Motley Fool Ratios ~ http://caps.fool.com/Ticker/ABCW/Ratios.aspx?source=itxsittst0000001
The Motley Fool Stats ~ http://caps.fool.com/Ticker/ABCW/Stats.aspx?source=icasittab0000006
The Motley Fool Historical ~ http://caps.fool.com/Ticker/ABCW/Historical.aspx?source=icasittab0000004
The Motley Fool Scorecard ~ http://caps.fool.com/Ticker/ABCW/Scorecard.aspx?source=icasittab0000003
The Motley Fool Statements ~ http://caps.fool.com/Ticker/ABCW/Statements.aspx?source=icasittab0000009
MSN Money ~ http://investing.money.msn.com/investments/stock-ratings?symbol=ABCW
YCharts ~ http://ycharts.com/companies/ABCW
YCharts Performance ~ http://ycharts.com/companies/ABCW/performance
YCharts Dashboard ~ http://ycharts.com/companies/ABCW/dashboard
InsideStocks Opinion ~ http://www.insidestocks.com/texpert.asp?sym=ABCW&code=XDAILY
InsideStocks Profile ~ http://www.insidestocks.com/profile.asp?sym=ABCW&code=XDAILY
InsideStocks Quote ~ http://www.insidestocks.com/quote.asp?sym=ABCW&code=XDAILY
InsideStocks Projection ~ http://charts3.barchart.com/procal.asp?sym=ABCW
Zacks Quote ~ http://www.zacks.com/stock/quote/ABCW
Zacks Estimates ~ http://www.zacks.com/research/report.php?type=estimates&t=ABCW
Zacks Company Reports ~ http://www.zacks.com/research/report.php?type=report&t=ABCW
Knobias ~ http://knobias.10kwizard.com/files.php?sym=ABCW
StockScores ~ http://www.stockscores.com/quickreport.asp?ticker=ABCW
Trade-Ideas ~ http://www.trade-ideas.com/StockInfo/ABCW/HOT_TOPIC.html
Morningstar ~ http://performance.morningstar.com/stock/performance-return.action?region=USA&t=ABCW&culture=en-US
Morningstar Shareholders ~ http://investors.morningstar.com/ownership/shareholders-overview.html?t=ABCW®ion=USA&culture=en-us
Morningstar Transcripts~ http://www.morningstar.com/earnings/NoTranscript.aspx?t=ABCW®ion=USA
Morningstar Key Ratios ~ http://financials.morningstar.com/ratios/r.html?t=ABCW®ion=USA&culture=en-US
Morningstar Executive Compensation ~ http://insiders.morningstar.com/trading/executive-compensation.action?t=ABCW®ion=USA&culture=en-us
Morningstar Valuation ~ http://financials.morningstar.com/valuation/price-ratio.html?t=ABCW®ion=USA&culture=en-us
CCBN (Thompson Reuters) ~ http://ccbn.aol.com/company.asp?client=aol&ticker=ABCW
TradingMarkets ~ http://pr.tradingmarkets.com/?lid=leftPRbox&sym=ABCW
OTCBB ~ http://www.otcbb.com/asp/SiteSearch.asp?Criteria=ABCW&searcharea=e&image1.x=0&image1.y=0
Insidercow ~ http://www.insidercow.com/history/company.jsp?company=ABCW&B1=Search%21
Forbes News ~ http://search.forbes.com/search/find?tab=searchtabgeneraldark&MT=ABCW
Forbes Press Releases ~ http://search.forbes.com/search/find?&start=1&tab=searchtabgeneraldark&MT=ABCW&pub=businesswire,prnewswire&searchResults=pressRelease&tag=pr&premium=on
Forbes Web ~ http://search.forbes.com/search/web?MT=UNGS&start=1&max=10&searchResults=web&tag=web&sort=null
YouTube Symbol Search ~ http://www.youtube.com/results?search_query=ABCW
Buy-Ins ~ http://www.buyins.net/tools/symbol_stats.php?sym=ABCW
Quotemedia ~ http://www.quotemedia.com/results.php?qm_page=47556&qm_symbol=ABCW
Earnings Whispers ~ http://www.earningswhispers.com/stocks.asp?symbol=ABCW
Bloomberg Snapshot ~ http://investing.businessweek.com/research/stocks/snapshot/snapshot.asp?ticker=ABCW
Bloomberg People ~ http://investing.businessweek.com/research/stocks/people/people.asp?ticker=ABCW
Financial Times ~ http://markets.ft.com/Research/Markets/Tearsheets/Summary?s=ABCW
Investorpoint ~ http://www.investorpoint.com/ enter "ABCW" and click search.
Hotstocked ~ http://www.hotstocked.com/ enter "ABCW" and click search.
Raging Bull ~ http://ragingbull.quote.com/mboard/boards.cgi?board=ABCW
Hoovers ~ http://www.hoovers.com/search/company-search-results/100003765-1.html?type=company&term=ABCW
DD Machine ~ http://www.ddmachine.com/default.asp?m=stocktool_frame.asp?symbol=ABCW
SEC Form 4 ~ http://www.secform4.com/insider/showhistory.php?cik=ABCW
OTCBB Pulse ~ http://www.otcbbpulse.com/cgi-bin/pulsequote.cgi?symbol=ABCW
Failures To Deliver ~ http://failurestodeliver.com/default2.aspx enter "ABCW" and click search.
http://www.coordinatedlegal.com/SecretaryOfState.html
http://regsho.finra.org/regsho-Index.html
http://www.shortsqueeze.com/?symbol=ABCW&submit=Short+Quote%99
DTCC (PENSON/TDA) Check - (otc and pinks) - Note ~ I did not check for this chart blast. However, I try and help you to do so with the following links.
IHUB DTCC BOARD SEARCH #1 http://investorshub.advfn.com/boards/msgsearchbyboard.aspx?boardID=18682&srchyr=2011&SearchStr=ABCW
IHUB DTCC BOARD SEARCH #2: http://investorshub.advfn.com/boards/msgsearchbyboard.aspx?boardID=14482&srchyr=2011&SearchStr=ABCW
Check those searches for recent ABCW mentions. If ABCW is showing up on older posts and not on new posts found in link below, The DTCC issues may have been addressed and fixed. Always call the broker if your security turns up on any DTCC/PENSON list.
http://investorshub.advfn.com/boards/msgsearchbyboard.aspx?boardID=18682&srchyr=2011&SearchStr=Complete+list
For a complete list see the pinned threads at the top here ---> http://tinyurl.com/TWO-OLD-FARTS
MACDlinks
ABCW is trading above its 10 week moving average. This is considered to be the sign of a bullish trend. There is added weight to this indication because the moving average is rising and suggests that there has been buying interest in this stock.
The On Balance Volume indicator (OBV) presently offers a bullish signal. This is because the slope of the indicator is positive and suggests that there is considerable buying interest.
ABCW is trading above its 10 week moving average. This is considered to be the sign of a bullish trend. There is added weight to this indication because the moving average is rising and suggests that there has been buying interest in this stock.
ABCW's recent volatility has been greater than normal. This is evidenced by the increased distance between the upper and lower bands that make up the price channel. Additionally, ABCW is trading within its price channel. This is a normal condition and suggests that the stock is neither overbought nor oversold relative to the price action over the last 14 week period.
Monday, ABCW closed above the trigger point for the Parabolic SAR and is currently registering a bullish signal. The current Significant Point, below which a reversal to the bearish side would occur, is 0.39.
The On Balance Volume indicator (OBV) shows that longer term selling pressure has given way to near term accumulation..Relative Strength Index (RSI)
The RSI recently dropped to 68.95% from above the critical level of 70. This signals that ABCW is no longer overbought.
The MACD for ABCW currently indicates a strong bullish signal for two reasons. First, the MACD is above the signal line, a 9-week moving average. Second, the MACD is above 0 which implies that the underlying moving averages are trending higher..Williams Percent R
According to the %R which is currently at -17.28% and above the critical level of -20, ABCW may be overbought. While a stock that is overbought may continue to rally, investors should be especially careful when ABCW begins to lose strength and the %R dips below -20.
ABCW is trading above its 10 week moving average. This is considered to be the sign of a bullish trend. There is added weight to this indication because the moving average is rising and suggests that there has been buying interest in this stock.
ABCW's recent volatility has been greater than normal. This is evidenced by the increased distance between the upper and lower bands that make up the price channel. Additionally, ABCW is trading above its 14 week price channel. This means that the stock is trading at a new high for the period and the price channel will update to reflect that. ABCW closed above the trigger point for the Parabolic SAR and is currently registering a bullish signal. The current Significant Point, below which a reversal to the bearish side would occur, is 0.25.
The On Balance Volume indicator (OBV) shows that longer term selling pressure has given way to near term accumulation.
The RSI, which is currently at 92.80% and above the critical level of 70, suggests that ABCW is overbought. While a stock that is overbought may continue to rally, investors should be especially careful when ABCW begins to lose strength and RSI dips below 70.
According to the %R which is currently at -2.47% and above the critical level of -20, ABCW may be overbought. While a stock that is overbought may continue to rally, investors should be especially careful when ABCW begins to lose strength and the %R dips below -20..Directional Movement Index (DMI)
The +DI line is above the -DI line and the ADX is greater than 20. This is a bullish signal that indicates the stock is in a confirmed uptrend..Ultimate Oscillator
According to the Ultimate Oscillator which is currently at 74.15%, above the critical level of 70, ABCW may be overbought. While a stock that is overbought may continue to rally, upwards momentum may not be sustainable at this level. Investors should be especially careful when ABCW begins to lose strength and Ultimate Oscillator dips below 70.
ABCW is trading above its 14 week price channel. This means that the stock is trading at a new high for the period and the price channel will update to reflect that. ABCW closed above the trigger point for the Parabolic SAR and is currently registering a bullish signal. The current Significant Point, below which a reversal to the bearish side would occur, is 0.20.
The On Balance Volume indicator shows that longer term selling pressure has given way to near term accumulation.
The RSI, which is currently at 86.32% and above the critical level of 70, suggests that ABCW is overbought. While a stock that is overbought may continue to rally, investors should be especially careful when ABCW begins to lose strength and RSI dips below 70.
ABCW's MACD is currently indicating a weak bullish signal. Although the MACD is trending above the signal line, the indicator is still below 0, which suggests that the underlying moving averages are bearish.Williams Percent R is currently at -5.26% and above the critical level of -20, ABCW may be overbought.Directional Movement Index (DMI)
Trading Monday caused the +DI line to rise above the -DI line. This is a bullish signal that is confirmed by the ADX which is above 20. Smart Text
Finally made back my initial investment. Been moving up lately.
Anchor BanCorp Wisconsin Inc. (OTC Market: ABCW.PK) today announced a net loss available to common equity of $15.3 million, or $0.72 per common share, for the three months ended December 31, 2011. This compares to a net loss available to common equity of $19.6 million, or $0.92 per common share, and $15.4 million, or $0.72 per common share, for the three months ended September 30, 2011, and December 31, 2010, respectively. For the nine months ended December 31, 2011, net loss available to common equity was $43.0 million, compared to $32.8 million for the same period in the prior year.
Financial Highlights
•AnchorBank fsb (the "Bank) remains adequately capitalized for the sixth consecutive quarter.
•Net loss available to common equity narrowed in the third quarter of 2011 compared to the preceding quarter ending September 30, 2011, and the year ago quarter ending December 31, 2010.
•Net charge-offs were down 10.0 percent in the third quarter of 2011 compared to the preceding quarter and down 22.5 percent compared to third quarter of 2010.
•Gross mortgage banking revenue totaled $5.4 million for the current quarter reflecting a 118.3% increase in residential mortgage origination volume over the preceding quarter.
•Total assets decreased by $333.3 million, or 9.8 percent to $3.1 billion at December 31, 2011, compared to March 31, 2011.
Capital Ratios
December 31, 2011
(Dollars in thousands) December 31, September 30, March 31, Increase (decrease) vs.
2011 2011 2011 9/30/11 3/31/11
Tier 1 (core) capital $125,811 $133,307 $145,807 ($7,496) ($19,996)
Adjusted total assets 3,064,805 3,200,704 3,422,303 (135,899) (357,498)
Tier 1 capital ratio 4.11% 4.16% 4.26% -0.05% -0.15%
Risk-based capital $150,518 $159,125 $174,453 ($8,607) ($23,935)
Risk weighted assets 1,864,639 1,952,984 2,170,197 (88,345) (305,558)
Risk-based capital ratio 8.07% 8.15% 8.04% -0.08% 0.03%
The Bank's Tier 1 (core) capital and Risk-based capital ratios of 4.11 percent and 8.07 percent at December 31, 2011, decreased by 5 and 8 basis points, respectively compared to September 30, 2011. The ratios were lower despite the decreases in assets (Adjusted total assets and Risk weighted assets), as Tier 1 capital and Risk-based capital fell proportionately more than assets due to net losses in the third quarter of 2011.
Under regulatory requirements, a bank must have a Tier 1 (core) capital ratio of 4.0 percent or greater and a total Risk-based capital ratio of 8.0 percent or greater to be considered adequately capitalized. "Although the Bank's capital ratios decreased slightly from the previous quarter, we are encouraged by our sixth consecutive quarter of capital ratios above the threshold to be considered adequately capitalized," stated Chris Bauer, President and Chief Executive Officer of the Corporation and the Bank.
The Corporation, as the holding company of the Bank, continues to be burdened with significant senior debt and preferred stock obligations:
•The Corporation currently owes $116.3 million to various lenders led by U.S. Bank under its credit agreement that matures November 30, 2012. The Corporation also has accrued but unpaid interest and fees totaling $36.3 million associated with this obligation that is due and payable at maturity.
•The Corporation issued $110 million in preferred stock in 2009 to the United States Treasury pursuant to the Treasury's Capital Purchase Program ("CPP"). As permitted under the CPP program, the Corporation has deferred 11 quarterly preferred stock dividend payments to the Treasury totaling $17.2 million.
•While the Bank has substantial liquidity, it is currently precluded by its regulators from paying dividends to the Corporation for purposes of repayment of the foregoing obligations.
The Corporation has engaged and continues to work with Sandler O'Neill & Partners, L.P. as its financial advisor to assist in capital raising efforts to address its capital needs.
Financial Results
Financial results for the third quarter ended December 31, 2011, include:
•The net interest margin fell to 2.19 percent for the three months ended December 31, 2011, from 2.53 percent for the same period in the previous year. The decrease was primarily due to a rate increase on the $116.3 million Credit Agreement of 300 basis points to 15 percent per annum effective in May 2011, and sales of higher yielding investment securities executed in September 2011.
•The provision for credit losses of $8.4 million decreased $13.0 million, or 60.9 percent from $21.4 million in the same period a year ago largely due to a lower required general allowance for losses on non-impaired loans attributable to improved credit metrics which are used in part to establish this reserve.
•Total non-interest income totaled $9.5 million, down $2.2 million or 18.8 percent, compared to the same period in the previous year. The decrease was primarily due to lower loan servicing income reflecting an increase in the amortization rate of the mortgage servicing rights asset caused by the historically low interest rate environment during the quarter ending December 31, 2011, and the resultant mortgage refinance activity. Security gains of $20,000 in the current quarter compared to $1.2 million in the year ago quarter ending December 31, 2010, also contributed to this unfavorable variance.
•Total non-interest expense increased by $4.4 million or 17.6 percent, compared to the comparable period a year ago largely due to higher loss provisions on repossessed property.
Credit Quality
(Dollars in thousands) December 31, 2011
December 31, September 30, December 31, Increase (decrease) vs.
Quarterly Financial Results 2011 2011 2010 9/30/11 12/31/10
Provision for credit losses $8,380 $17,115 $21,412 ($8,735) ($13,032)
Net charge-offs 15,848 17,608 20,439 (1,760) (4,591)
Key Metrics (at period end)
Loans < 90 days delinquent 46,655 70,927 68,946 (24,272) (22,291)
Non-performing loans (NPL) 261,152 256,502 310,832 4,650 (49,680)
Foreclosed properties 86,925 92,970 69,241 (6,045) 17,684
Non-performing assets 348,077 349,472 380,073 (1,395) (31,996)
Allowance for loan loss to NPL 50.13% 53.94% 50.65% -3.81% -0.52%
Credit related metrics continue to trend favorably as both net charge-offs in the quarter ending December 31, 2011, and loans less than 90 days past due at quarter end are lower compared to the preceding quarter and a year ago quarter. The impact of these trends contributed significantly to the lower provision for credit losses in the current quarter. Despite the decrease in provision for credit losses, the allowance for loan loss remains above 50 percent of non-performing loans at December 31, 2011. The level of non-performing assets (non-performing loans plus foreclosed properties) has also improved as the December 31, 2011, balance of $348.1 million is $1.4 million and $32.0 million lower than the preceding quarter and year ago quarter reported amounts, respectively.
Bauer added, "Although we are glad to see some favorable credit trends, much work remains to be done regarding troubled loans and to dispose of foreclosed properties. We continue to work aggressively to resolve the issues that remain in the credit portfolios. The positive trends emerging on the credit front are partially offset as we continue to be negatively impacted by ongoing costs associated with carrying foreclosed properties on the Bank's balance sheet. The elevated level of foreclosed properties compared to this time last year has a direct negative impact on the expenses related to foreclosed properties and repossessed assets due to the high cost of carrying these assets." Total foreclosed properties and repossessed assets were $86.9 million at December 31, 2011, down from $93.0 million at September 30, 2011, but an increase of $17.7 million compared to $69.2 million at December 31, 2010.
Mortgage Banking
(In thousands) For the Quarter Ending: December 31, 2011
December 31, September 30, December 31, Increase (decrease) vs.
2011 2011 2010 9/30/11 12/31/10
Gross revenue
Loan servicing income, net ($1,571) $478 ($416) ($2,049) ($1,155)
Credit enhancement income 5 16 116 (11) (111)
Gain on sale of mortgages 6,018 3,994 5,601 2,024 417
OMSR (impairment) / recovery 985 (5,069) 1,611 6,054 (626)
Residential mortgage banking revenue $5,437 ($581) $6,912 $6,018 ($1,475)
Key Metrics
Origination volume (closed loans) $412,800 $189,100 $288,600 $223,700 $124,200
Serviced loan portfolio 2,833,049 2,787,281 2,919,400 45,768 (86,351)
Residential mortgage banking revenue totaled $5.4 million for the quarter ending December 31, 2011, compared to a loss of $0.6 million in the preceding quarter and revenue of $6.9 million in the year ago quarter. Revenues in the quarter ending September 30, 2011, were unfavorably impacted by a $5.1 million impairment charge on the capitalized mortgage servicing rights asset due to lower interest rates and the resultant mortgage refinance activity. However, the low interest rate environment in the past several quarters, as well as the Bank's marketing efforts, contributed to an increase of $223.7 million in mortgage origination volume in the current quarter compared to the preceding quarter ending September 30, 2011, resulting in a $2.0 million increase in the gain on sale of mortgages.
Commenting on residential mortgage activity, Bauer added, "Residential mortgages have been a focus over the past several months as customer demand, sparked by lower mortgage rates, resulted in significantly higher revenues, while also providing an opportunity to increase product penetration rates for existing customers and to offer other products and services to customers new to the Bank
Heard a commercial last night for Anchor. $150 to open a new checking account.
ABCW is trading above its 13 day moving average. This is considered to be the sign of a bullish trend. There is added weight to this indication because the moving average is rising and suggests that there has been buying interest in this stock.
ABCW is trading above its 13 day moving average. This is considered to be the sign of a bullish trend. There is added weight to this indication because the moving average is rising and suggests that there has been buying interest in this stock.
Friday, ABCW closed above the trigger point for the Parabolic SAR and is currently registering a bullish signal. The current Significant Point, below which a reversal to the bearish side would occur, is 0.15.
ABCW's recent volatility has been greater than normal. This is evidenced by the increased distance between the upper and lower bands that make up the price channel. Additionally, ABCW is trading near its upper price channel band. This suggests that the stock price is high relative to the action over the last 14 day period.
ABCW's MACD is currently indicating a weak bullish signal.
The Stochastic Oscillator is registering a bullish signal as the %K line is above the %D; however the oscillator has moved above the critical value of 80 and is now overbought. The overbought condition means that the upwards momentum experienced in this stock is not sustainable.
According to the Williams %R which is currently at -4.00% and above the critical level of -20, ABCW may be overbought. While a stock that is overbought may continue to rally, investors should be especially careful when ABCW begins to lose strength and the %R dips below -20..
ABCW is trading above its 13 day moving average. This is considered to be the sign of a bullish trend. There is added weight to this indication because the moving average is rising and suggests that there has been buying interest in this stock.
Today, ABCW closed above the trigger point for the Parabolic SAR and is currently registering a bullish signal. The current Significant Point, below which a reversal to the bearish side would occur, is 0.14.
ABCW's MACD is currently indicating a weak bullish signal.
The Stochastic Oscillator is registering a bullish signal as the %K line is above the %D.
The RSI is currently at 54.83% which indicates that the stock is neither overbought nor oversold. Note the trend of the RSI to see if the internal strength of ABCW is improving or weakening.
The +DI line is currently crossed with the -DI line. This is a signal that the recent bearishness shown by the Directional Movement Index is waning.ABCW
ABCW's recent volatility has been greater than normal. This is evidenced by the increased distance between the upper and lower bands that make up the price channel.
Today, ABCW closed below the trigger point for the Parabolic SAR and is currently registering a bearish signal. The current Significant Point, above which a reversal to the bullish side would occur, is 0.37.
ABCW is trading above its 13 day moving average. This is considered to be the sign of a bullish trend. There is added weight to this indication because the moving average is rising and suggests that there has been buying interest in this stock.
ABCW's MACD is currently indicating a weak bullish signal.
The Stochastic Oscillator is registering a bullish signal as the %K line is above the %D.
The RSI is currently at 51.84% which indicates that the stock is neither overbought nor oversold
ABCW is trading above its 13 day moving average. This is considered to be the sign of a bullish trend. There is added weight to this indication because the moving average is rising and suggests that there has been buying interest in this stock.
Today, ABCW closed below the trigger point for the Parabolic SAR and is currently registering a bearish signal. The current Significant Point, above which a reversal to the bullish side would occur, is 0.38.
ABCW's recent volatility has been greater than normal. This is evidenced by the increased distance between the upper and lower bands that make up the price channel.
ABCW's MACD is currently indicating a weak bullish signal. Although the MACD is trending above the signal line, the indicator is still below 0, which suggests that the underlying moving averages are bearish..Stochastics
The Stochastic Oscillator is registering a bullish signal as the %K line is above the %D.
The RSI is currently at 51.84% which indicates that the stock is neither overbought nor oversold.
The Ultimate Oscillator is currently at 49.97% which indicates that the stock is neither overbought nor oversold
ABCW-The On Balance Volume indicator od ABCW shows that longer term selling pressure has given way to near term accumulation.
- ABCW
ABCW-
MPID Bid Price Size Date/Time
NITE 0.34 151251 12/30
CANTN 0.336 5000 12/30
STXG 0.32 5000 12/23
HDSN 0.195 5000 12/23
MAXM 0.185 5000 12/19
BTIG 0.06 5000 12/16
CSTI 0.06 5000 12/19
BARD 0.05 5000 12/19
PUMA 0.01 5000 12/09
ETMM 0.0001 5000 12/28
AUTO 0.0001 5000 12/30
CARR U 11/23
MONR U 12/16
UBSS U 12/30
MPID Ask Price Size Date/Time
ETMM 0.35 5000 12/30
CANTN 0.36 5000 12/30
NITE 0.375 5000 12/30
AUTO 0.40 10000 12/30
BTIG 0.50 5000 12/05
MAXM 0.50 5000 12/20
HDSN 0.51 2500 12/30
CARR 0.555 2500 11/23
BARD 1.00 2500 12/19
PUMA 1.01 500 12/09
STXG 1.10 500 12/21
UBSS 1.25 2600 12/30
CSTI 1.90 500 12/19
-ABCW
ABCW is below its 200 day moving average.
ABCW is trading above its 13 day moving average. This is considered to be the sign of a bullish trend.
ABCW's recent volatility has been greater than normal. Additionally, ABCW is trading within its price channel.
Today, ABCW closed below the trigger point for the Parabolic SAR and is currently registering a bearish signal. The current Significant Point, above which a reversal to the bullish side would occur, is 0.38
ABCW's MACD is currently indicating a weak bullish signal.
The Stochastic Oscillator is registering a bullish signal as the %K line is above the %D.
The RSI is currently at 48.30%. Williams %R is currently at -21.60%
The Volume Rate of Change is currently spiking.
Someone just picked up 19346 @ .336 I picked up some at .335 GLTY
Looking for a re-entry point on this one. Doesn't look like I will get as low as last time.
Board sure is quiet for the amount of shares trading and the pps rise...... wonder who is buying.
ABCW is trading above its 13 day moving average. This is considered to be the sign of a bullish trend. There is added weight to this indication because the moving average is rising and suggests that there has been buying interest in this stock.
ABCW's recent volatility has been greater than normal. This is evidenced by the increased distance between the upper and lower bands that make up the price channel. Additionally, ABCW is trading within its price channel.
ABCW's MACD is currently indicating a weak bullish signal. Although the MACD is trending above the signal line, the indicator is still below 0, which suggests that the underlying moving averages are bearish..Stochastics
The Stochastic Oscillator is registering a bullish signal as the %K line is above the %D.
The Stochastic Oscillator is registering a strong bullish signal as the %K has crossed above the %D and the oscillator recently moved above the critical value of 20 and is no longer oversold.
RSI has recently crossed above the critical value of 30 which means that the selling pressure has lessened and the internal strength of ABCW has increased. This is a positive for the stock and signals that, at least in the near-term, a bottom has formed. Williams %R has recently crossed above the critical value of -80 which suggests that the selling pressure has lessened and the internal strength of ABCW has increased. This is a positive indicator for the stock and implies that, at least in the near-term, a bottom has formed. The Ultimate Oscillator has recently crossed above the critical value of 30 which suggests that the selling pressure has lessened and the internal strength of ABCW has increased. The Volume Rate of Change has just spiked
Tuesday, ABCW closed below the trigger point for the Parabolic SAR and is currently registering a bearish signal. The current Significant Point, above which a reversal to the bullish side would occur, is 0.42. Exponential Moving Average (EMA)
ABCW is below its 13 day moving average. This bearish sign is even more significant because the moving average is also trending lower. ABCW's recent volatility has been greater than normal. This is evidenced by the increased distance between the upper and lower bands that make up the price channel. Additionally, ABCW is trading within its price channel. This is a normal condition and suggests that the stock is neither overbought nor oversold relative to the price action over the last 14 day period..Stochastics
The Stochastic Oscillator is registering a strong bullish signal as the %K has crossed above the %D and the oscillator recently moved above the critical value of 20 and is no longer oversold. The MACD for ABCW currently indicates a strong bearish signal for two reasons. First, the MACD is below the signal line, a 9-day moving average. Second, the MACD is below the critical level of 0, which implies that the underlying moving averages are trending lower. RSI has recently crossed above the critical value of 30 which means that the selling pressure has lessened and the internal strength of ABCW has increased. This is a positive for the stock and signals that, at least in the near-term, a bottom has formed. %R has recently crossed above the critical value of -80 which suggests that the selling pressure has lessened and the internal strength of ABCW has increased. This is a positive indicator for the stock and implies that, at least in the near-term, a bottom has formed.
The Ultimate Oscillator has recently crossed above the critical value of 30 which suggests that the selling pressure has lessened and the internal strength of ABCW has increased. The Volume Rate of Change has just spiked. This is a sign that a trend reversal may be under way.
Yes gives them some leg room. Fees and interest, as you say, are quite high.
I like this from Dec 1st, indicates to me that there is value in ABCW IMO.
Dec 01, 2011 (The Wisconsin State Journal - McClatchy-Tribune Information Services via COMTEX) -- Madison-based Anchor BanCorp Wisconsin, parent of AnchorBank, will have more time to pay back a hefty debt to a group of banks, headed by U.S. Bank.
The $116.3 million loan and $31.7 million in interest and fees were supposed to be paid off Wednesday, but the banks have agreed to a one-year extension, to Nov. 30, 2012.
"We think receiving a full-year extension of our line of credit with U.S. Bank, when our last extension was for six months, represents a positive development," said Chris Bauer, Anchor president and chief executive officer, in an emailed statement. "It demonstrates the bank group recognizes our continued efforts with respect to seeking external capital, but underscores that additional time is necessary in the current environment for raising capital."
This is the fifth extension of the loan, which carries a 15 percent interest rate.
I DON'T LIKE THE 15% INTEREST - BUT IF US BANK IS WILLING TO GIVE THEM ANOTHER YEAR instead of just putting them into default I like the odds of them pulling out of the funk.
Yes, I saw you on the board over there. Its only my opinion but would guess youll get a nice profit on ABCW. GLTY
OMG I got some $$ stuck in that one also, Zecco won't let me out.
I'm looking to buy a starter here in the morning. I agree that it was an over-reaction when it was already known it was coming.
According to the Ultimate Oscillator which is currently at 25.47%, below the critical value of 30, ABCW may be oversold. While this does not necessarily mean that the stock will rally, it does suggest that selling pressure may not be sustainable at the current level
According to the RSI which is currently at 22.09%, below the critical value of 30, ABCW is oversold. This means that there has been significant recent downward momentum that is not sustainable. Although the stock may not begin to rally, selling pressure can not continue at this level..
According to the %R which is currently at -93.10%, below the critical value of -80, ABCW may be oversold. While this does not signal that shares will begin to rally, it is unlikely that selling pressure can continue at this level..
I have my money tied up, but this is overreaction at its best.IMO If I could sell DGIN, I would buy ABCW. Only my opinion, I am still long ABCW.
Do we get a heavy bounce this week? The official delist notice seems to have spooked people into dumping. These are the ones I try to catch on notice day because they are always dumped on shock.
How was the delisting news, its been on OTC for a while.
ABCW is below the lower Bollinger Band, implying that it is currently extended to the downside from its recent trend. Be aware, however, that a cross outside of the Bollinger Bands can sometimes be a signal of trend strength and not, necessarily, trend reversal.
ABCW is below its 50 day moving average.
ABCW is below its 13 day moving average. This bearish sign is even more significant because the moving average is also trending lower.Friday, ABCW closed below the trigger point for the Parabolic SAR and is currently registering a bearish signal. The current Significant Point, above which a reversal to the bullish side would occur, is 0.43.
The Stochastic Oscillator is registering a bearish signal as the %K is below the %D. However, the oscillator has dropped below the critical value of 20 and ABCW is now oversold. An oversold condition means that the recent downside momentum is not sustainable.
The MACD for ABCW currently indicates a strong bearish signal for two reasons. First, the MACD is below the signal line, a 9-day moving average. Second, the MACD is below the critical level of 0, which implies that the underlying moving averages are trending lower.
According to the RSI which is currently at 22.09%, below the critical value of 30, ABCW is oversold. This means that there has been significant recent downward momentum that is not sustainable. Although the stock may not begin to rally, selling pressure can not continue at this level..Williams Percent R
According to the %R which is currently at -93.10%, below the critical value of -80, ABCW may be oversold. While this does not signal that shares will begin to rally, it is unlikely that selling pressure can continue at this level.(DMI)
The +DI line is below the -DI line and the ADX is greater than 20. This is a bearish signal that indicates the stock is in a confirmed downtrend.
According to the Ultimate Oscillator which is currently at 25.47%, below the critical value of 30, ABCW may be oversold. While this does not necessarily mean that the stock will rally, it does suggest that selling pressure may not be sustainable at the current level.
The Volume Rate of Change is currently spiking.
ABCW is trading above its 13 day moving average. While this is normally considered to be a bullish sign, the moving average is downward sloping which means that investors have been liquidating shares during this time period and tempers the bullishness of the signal..Parabolic Stop and Reverse (PSAR)
Wednesday, ABCW closed above the trigger point for the Parabolic SAR and is currently registering a bullish signal. The current Significant Point, below which a reversal to the bearish side would occur, is 0.29..Exponential Moving Average (EMA)
On Tuesday, ABCW closed below its 13 day moving average. This is generally considered to be an indication of a bearish trend.
ABCW is within its Bollinger Bands. This is a normal condition suggesting that it is neither overbought nor oversold relative to the recent levels..Moving Average Convergence Divergence (MACD)
ABCW's MACD is currently indicating a weak bullish signal. Although the MACD is trending above the signal line, the indicator is still below 0, which suggests that the underlying moving averages are bearish..Stochastics
The Stochastic Oscillator is registering a bullish signal as the %K line is above the %D. However, ABCW is neither overbought nor oversold..Stochastics
The Stochastic Oscillator is registering a bearish signal as the %K is below the %D. However, ABCW is neither overbought nor oversold..Relative Strength Index (RSI)
The RSI is currently at 44.60% which indicates that the stock is neither overbought nor oversold. Note the trend of the RSI to see if the internal strength of ABCW is improving or weakening..Williams Percent R
The %R is currently at -39.30% which indicates that the stock is neither overbought nor oversold. Note the trend of the %R to see if the internal strength of ABCW is improving or weakening.Directional Movement Index (DMI)
The +DI line is below the -DI line and the ADX is greater than 20. This is a bearish signal that indicates the stock is in a confirmed downtrend.
The Ultimate Oscillator is currently at 54.43% which indicates that the stock is neither overbought nor oversold.
There has been no recent spike in volume. Therefore, the Volume Rate of Change is not presently giving a clear signal
Simple Moving Average (SMA)
ABCW is below its 10 week moving average. This bearish sign is even more significant because the moving average is also trending lower..Exponential Moving Average (EMA)
ABCW is below its 13 week moving average. This bearish sign is even more significant because the moving average is also trending lower..Bollinger Bands
ABCW is within its Bollinger Bands. This is a normal condition suggesting that it is neither overbought nor oversold relative to the recent levels..Parabolic Stop and Reverse (PSAR)
Monday, ABCW closed above the trigger point for the Parabolic SAR and is currently registering a bullish signal. The current Significant Point, below which a reversal to the bearish side would occur, is 0.22..On Balance Volume
The On Balance Volume indicator (OBV) shows that longer term selling pressure has given way to near term accumulation..Relative Strength Index (RSI)
RSI has recently crossed above the critical value of 30 which means that the selling pressure has lessened and the internal strength of ABCW has increased. This is a positive for the stock and signals that, at least in the near-term, a bottom has formed..Relative Performance
No SmartText is available for this indicator, but feel free to learn more in our Knowledge Center..Moving Average Convergence Divergence (MACD)
The MACD for ABCW currently indicates a strong bearish signal for two reasons. First, the MACD is below the signal line, a 9-week moving average. Second, the MACD is below the critical level of 0, which implies that the underlying moving averages are trending lower..Stochastics
The Stochastic Oscillator is registering a strong bullish signal as the %K has crossed above the %D and the oscillator recently moved above the critical value of 20 and is no longer oversold..Stochastics
The Stochastic Oscillator is registering a strong bullish signal as the %K has crossed above the %D and the oscillator recently moved above the critical value of 20 and is no longer oversold..Williams Percent R
%R has recently crossed above the critical value of -80 which suggests that the selling pressure has lessened and the internal strength of ABCW has increased. This is a positive indicator for the stock and implies that, at least in the near-term, a bottom has formed..Directional Movement Index (DMI)
The +DI line is below the -DI line and the ADX is greater than 20. This is a bearish signal that indicates the stock is in a confirmed downtrend..Ultimate Oscillator
The Ultimate Oscillator has recently crossed above the critical value of 30 which suggests that the selling pressure has lessened and the internal strength of ABCW has increased...
Not to bad today + .0005, better than a -
Well, it seems to be oversold to me. I just saw there is no resistance till .48, so we could see a good run out of ABCW yet. I wish Id have bought on the panic but I went with another purchase instead.
the weekly could be among the sneakiest patterns I have ever seen if it shoots up from here in the coming weeks and months..
I agree, things not looking good. But, has been a slight comeback. Im not blowing smoke, dropped BIG but has recovered a bit. I wish you well, Im not here short term, Im in long hall. GLTY
Thanks, I find the chart odd with MFI up around the time of drop.. Lots of banks hurting these days.. It's high on the sector deterioration lists.. :(
Why make me go through a security scan for that BS?
~ $ABCW ~ 22 chart fix and 10 shots of DD!!
Barchart: http://barchart.com/quotes/stocks/ABCW?
Pinksheets: http://www.otcmarkets.com/stock/ABCW/company-info
Google Finance: http://www.google.com/finance?q=ABCW
Yahoo! Finance: http://finance.yahoo.com/q/ks?s=ABCW+Key+Statistics
Finviz: http://finviz.com/quote.ashx?t=ABCW
BusyStock: http://busystock.com/i.php?s=ABCW&v=2
CandlestickChart: http://www.candlestickchart.com/cgi/chart.cgi?symbol=ABCW&exchange=US
Investorshub Trades: http://ih.advfn.com/p.php?pid=trades&symbol=ABCW
Investorshub Board search: http://investorshub.advfn.com/boards/getboards.aspx?searchstr=ABCW
MarketWatch: http://www.marketwatch.com/investing/stock/ABCW/profile
Volume, MACD, ADX 3 EMA Par sar - http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=True&insttype=Stock&symb=ABCW&time=8&startdate=1%2F4%2F1999&enddate=11%2F21%2F2011&freq=2&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=6&maval=9&uf=16&lf=1&lf2=4&lf3=1024&type=4&style=380&size=2&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11&x=25&y=5
RSI, Money Flow, Volume Accumulation, 3sma, Bollinger bands - http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=True&insttype=Stock&symb=ABCW&time=8&startdate=1%2F4%2F1999&enddate=11%2F21%2F2011&freq=2&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=4&maval=9&uf=8&lf=2&lf2=512&lf3=4096&type=4&style=380&size=2&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11&x=36&y=14
Price Channel, Momentum, Volatility Slow, P/E Ratio - http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=True&insttype=Stock&symb=ABCW&time=8&startdate=1%2F4%2F1999&enddate=11%2F21%2F2011&freq=2&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=6&maval=9&uf=128&lf=65536&lf2=16384&lf3=16777216&type=4&style=380&size=2&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11&x=28&y=15
Volume, MACD, ADX 3 EMA Par sar - http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=True&insttype=Stock&symb=ABCW&time=6&startdate=1%2F4%2F1999&enddate=11%2F21%2F2011&freq=1&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=6&maval=9&uf=16&lf=1&lf2=4&lf3=1024&type=4&style=380&size=2&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11&x=39&y=17
RSI, Money Flow, Volume Accumulation, 3sma, Bollinger bands - http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=True&insttype=Stock&symb=ABCW&time=6&startdate=1%2F4%2F1999&enddate=11%2F21%2F2011&freq=1&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=4&maval=9&uf=8&lf=2&lf2=512&lf3=4096&type=4&style=380&size=2&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11&x=35&y=12
Price Channel, Momentum, Volatility Slow, P/E Ratio - http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=True&insttype=Stock&symb=ABCW&time=6&startdate=1%2F4%2F1999&enddate=11%2F21%2F2011&freq=1&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=6&maval=9&uf=128&lf=65536&lf2=16384&lf3=16777216&type=4&style=380&size=2&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11&x=23&y=19
Volume, MACD, ADX 3 EMA Par sar - http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=True&insttype=Stock&symb=ABCW&time=18&startdate=1%2F4%2F1999&enddate=11%2F21%2F2011&freq=8&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=6&maval=9&uf=16&lf=1&lf2=4&lf3=1024&type=4&style=380&size=2&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11&x=38&y=6
RSI, Money Flow, Volume Accumulation, 3sma, Bollinger bands - http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=True&insttype=Stock&symb=ABCW&time=18&startdate=1%2F4%2F1999&enddate=11%2F21%2F2011&freq=8&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=4&maval=9&uf=8&lf=2&lf2=512&lf3=4096&type=4&style=380&size=2&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11&x=30&y=11
Price Channel, Momentum, Volatility Slow, P/E Ratio - http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=True&insttype=&symb=ABCW&time=18&startdate=1%2F4%2F1999&enddate=11%2F21%2F2011&freq=8&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=6&maval=9&uf=128&lf=65536&lf2=16384&lf3=16777216&type=4&style=380&size=2&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11&x=35&y=14
Volume, MACD, ADX 3 EMA Par sar - http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=True&insttype=Stock&symb=ABCW&time=3&startdate=1%2F4%2F1999&enddate=11%2F21%2F2011&freq=7&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=6&maval=9&uf=16&lf=1&lf2=4&lf3=1024&type=4&style=380&size=2&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11&x=39&y=14
RSI, Money Flow, Volume Accumulation, 3sma, Bollinger bands - http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=True&insttype=Stock&symb=ABCW&time=3&startdate=1%2F4%2F1999&enddate=11%2F21%2F2011&freq=7&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=4&maval=9&uf=8&lf=2&lf2=512&lf3=4096&type=4&style=380&size=2&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11&x=20&y=16
Price Channel, Momentum, Volatility Slow, P/E Ratio - http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=True&insttype=Stock&symb=ABCW&time=3&startdate=1%2F4%2F1999&enddate=11%2F21%2F2011&freq=7&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=6&maval=9&uf=128&lf=65536&lf2=16384&lf3=16777216&type=4&style=380&size=2&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11&x=46&y=6
Volume, MACD, ADX 3 EMA Par sar - http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=True&insttype=Stock&symb=ABCW&time=1&startdate=1%2F4%2F1999&enddate=11%2F21%2F2011&freq=6&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=6&maval=9&uf=16&lf=1&lf2=4&lf3=1024&type=4&style=380&size=2&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11&x=42&y=20
RSI, Money Flow, Volume Accumulation, 3sma, Bollinger bands - http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=True&insttype=Stock&symb=ABCW&time=1&startdate=1%2F4%2F1999&enddate=11%2F21%2F2011&freq=6&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=4&maval=9&uf=8&lf=2&lf2=512&lf3=4096&type=4&style=380&size=2&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11&x=36&y=11
Price Channel, Momentum, Volatility Slow, P/E Ratio - http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=True&insttype=Stock&symb=ABCW&time=1&startdate=1%2F4%2F1999&enddate=11%2F21%2F2011&freq=6&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=6&maval=9&uf=128&lf=65536&lf2=16384&lf3=16777216&type=4&style=380&size=2&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11&x=46&y=11
Volume, MACD, ADX 3 EMA Par sar - http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=True&insttype=Stock&symb=ABCW&time=1&startdate=1%2F4%2F1999&enddate=11%2F21%2F2011&freq=9&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=6&maval=9&uf=16&lf=1&lf2=4&lf3=1024&type=4&style=380&size=2&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11&x=31&y=14
RSI, Money Flow, Volume Accumulation, 3sma, Bollinger bands - http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=True&insttype=Stock&symb=ABCW&time=1&startdate=1%2F4%2F1999&enddate=11%2F21%2F2011&freq=9&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=4&maval=9&uf=8&lf=2&lf2=512&lf3=4096&type=4&style=380&size=2&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11&x=23&y=15
Price Channel, Momentum, Volatility Slow, P/E Ratio - http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=True&insttype=Stock&symb=ABCW&time=1&startdate=1%2F4%2F1999&enddate=11%2F21%2F2011&freq=9&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=6&maval=9&uf=128&lf=65536&lf2=16384&lf3=16777216&type=4&style=380&size=2&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11&x=22&y=15
I said that before. # 52, has been under a buck for a while. As a matter of fact, I asked how they could stay listed months ago. Is that big news to you?
Anchor BanCorp stock to be delisted from NASDAQ - Milwaukee Small Business Times
| 12:35 PM |
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=69218406
Small recovery happening, up .09 so far.
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AnchorBank is a $3.2 billion bank and Wisconsin's largest thrift. We offer personal and business banking services to more than 138,000 households and businesses. From our beginnings in 1919, quality housing has been a high priority, and today AnchorBank is a leading lender in residential housing and commercial real estate.
We are constantly evolving our products and services to meet the changing needs of our customers. Through our TeleBranch™, we provide 24-hour automated telephone banking. Our WebBranch™ includes online banking capabilities and applications for most products. A full range of investment services is provided through our Anchor Investment Services (AIS) division.
AnchorBank, fsb is a wholly owned subsidiary of Anchor BanCorp Wisconsin Inc., which incorporated into a holding company on March 18, 1992, and went public on July 15, 1992. It is headquartered in Madison, Wisconsin.
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