Imperial Capital Bancorp, Inc. (fka IMPCQ)

[tdurden86]

Small regional bank in CA, they were making modest profits and paying 5% divs untill they made a purchase of mortgage backed securities and the protfolio is not performing. This is what has casued the drop becasue the non performing assts were upwards of 8%. I forsee an increase in the PPS because of the house market getting better and all the loans that they have that are frclsd or delinquent will either be sold or catch up on pymnts. I dont think you will see a sharp decline in pps eith if earning are not great, this is priced in at this point. remeber this was a 40-60 dollar stock back in 2008. I have full confidence that the banking industry can pull out and make good money and the banks all have show increased PPs except this one, they have came up a little but nothing near what they are worth