Friends Bank New Smyrna Beach (fka FRIE)

[Renee]

FRIE acquired. Shareholders will receive $9.00 for each share of FRIE.

FINRA deleted symbol.

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

[stormcloud96]

Someone bought this yesterday? I cannot find any info, what is going on? Anyone?

[genlou]

I had to call Scottrade to place my order. Bobby my favorite person at my Scottrade branch called somewhere and got the bid(.01) and ask ($5.00) price for me.I told him to place a bid of.05 for me.

[SaltyMutt]

I have Scottrade myself and what I see is 0 for both bid and ask. That was what I saw yesterday too.

[genlou]

According to Scottrade the bid is .01 and the ask is $5.00 which is over the top.

[SaltyMutt]

There is some potential here and maybe a lot. We might have to jump start FRIE ourselves.

[genlou]

Lost decreased last quarter.I hope this stock start trading again. Friends Bank
[[print]]
RSSD ID 2911856 | CERTIFICATE 35376 | ABA NUMBER 63114975
2222 State Route 44 Quarter Ended : 2013-03-31
New Smyrna Beach, Florida, 32168 Updated : 2013-04-26
www.friendsbank.com

Institution Profile
Year Opened : 2000 Institution Type : Commercial bank
Entity Type : State Federal Regulator : FDIC
Member Federal Reserve : No S-Corp : No
Fiduciary Powers : No Powers Exercised : No
Specialization : Commercial Lending Specialization
Statistical Area (MSA) : Daytona Beach, FL
Interstate Branches : No Foreign Offices : No
Number of Offices : 3 Number of Employees : 28

Financial Reports
RC - Balance Sheet Report
RI - Income Statement Report
:· All Financial Reports ...

Financial Fast Facts
Balance Sheet
(USD, in thousands)
Income Statement
(USD, in thousands, ytd)
Total Assets 109,709
Total Interest Income 1,048
Total Liabilities 104,646
Total NonInterest Income 38
Total Bank Equity Capital 5,063
Total Interest Expense 210
Total Deposits 104,433
Total NonInterest Expense 953
Net Loans & Leases 72,139
Net Income (87)
Loan Loss Allowance 1,856
Net Charge Offs 10



Regulatory Capital
Quarterly Averages
(USD, in thousands)
Total risk based capital 5,929
Total loans 77,423
Total assets for leverage capital purposes 110,419
Loans secured by real estate: 76,861
Tier 1 Leverage Ratio 4.51
Commercial and industrial loans 237
Tier 1 Risk-based Capital Ratio 6.63
Loans to individuals - Credit Cards 0
Total Risk-based Capital Ratio 7.89
Loans to individuals - Other 325

[SaltyMutt]

FRIE doesn't owe TARP money and it appears to be headed in the right direction. Maybe, if the FDIC can refrain from slamming their doors shut the bank just might show a profit soon. This one is worth putting on your watch list.