Temecula Valley Bancorp Inc (TMCV)

[Aufan 1983]

Plenty of assets. Check this out and see if you think this stock is overlooked..lol



Asset Quality


Including government guarantees of $7.1 million, nonperforming assets were $120.6 million or 7.75% of total assets at
December 31, 2008. After deducting the SBA guarantees, nonperforming assets were $113.5 million or 7.30% of total
loans at year end. Loans 90+ days past due and still accruing consist of only one loan totaling $1.5 million for a
condominium project in San Diego County that is now current.
At December 31, 2008, net other real estate owned (OREO) consisted of 30 properties totaling $32.0 million. The five
properties in San Bernardino County totaling $6.9 million include a restaurant, a home, an eight acre commercial lot, a
development project for 14 condos and 28 lots, and seven residential lots. The four properties in San Diego County
totaling $6.4 million included four homes, a lot and an 11 unit condo project which is complete and on the market. The
four properties in Riverside County totaled $2.9 million, consisted of two duplexes, a home and a land development
project. There were ten properties in other California counties totaling $13.6 million, and seven properties outside of
California totaling $2.2 million, all net of SBA guarantees. By type of properties, there are 12 SBA properties totaling
$5.4 million and 15 construction related properties totaling $22.1 million with the remainder in other real estate loans.