CIB Marine Bancshares Inc. (CIBH)

[AKAPAK]

Lots of good operating results but really liked these:

Book and tangible book value per share of common stock improved to $2.34 and $2.71, respectively, for September 30, 2018, compared to $2.04 and $2.53 at December 31, 2017.

Like to see the market reflect this in the share price

During 2018, the carry value of preferred stock has declined $11.6 million due to repurchases of preferred stock resulting in $1.8 million being transferred to additional paid in capital through September 30, 2018. Whereas most of the repurchase transactions have cash settled, a liability has been established for those not yet settled but expect to be in the future.

Is this for total preferred or just those tenders accepted this round? Either way, preferred reduction will help the common's value.