Home > Boards > US OTC > Banking and Finance > EvergreenBancorp, Inc ((f.k.a.)EVGGQ)

10Q out .11 cheap here imo.

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gumzsa Member Level  Wednesday, 12/09/09 10:32:18 PM
Re: downsideup post# 1
Post # of 38 
10Q out .11 cheap here imo.

15 mil AS

OS from 10Q: Common Stock, no par value, outstanding as of December 7, 2009: 2,541,932 shares


No Preferred Stock was issued or outstanding.

It looks like they are under capitalized but i like these parts of the 10Q:

Deposits

At September 30, 2009, total deposits were $438,756,000, compared to $358,890,000 at December 31, 2008, a 22 percent increase. Noninterest-bearing deposits totaled $46,044,000 at September 30, 2009 compared to $50,044,000 at December 31, 2008, a decrease of $4,000,000 or 8 percent. Interest-bearing deposits totaled $392,712,000 at September 30, 2009, compared to $308,846,000 at December 31, 2008, an increase of $83,866,000 or 27 percent. Approximately $57,477,000 or 69 percent of the net growth in interest-bearing deposits in the first nine months of 2009 was through the use of non-retail deposit sources, including brokered and internet bulletin board certificates of deposit.

As of September 30, 2009, the Company had cash, cash equivalents, and available-for-sale securities totaling $105,148,000. During the first nine months of 2009, the Company experienced strong retail deposit growth and has been able to attract substantial amounts of internet deposits from financial institutions across the country, at competitive rates, in a variety of maturities.

and

Book value per share was ($1.74) at September 30, 2009




http://www.pinksheets.com/edgar/GetFilingHtml?FilingID=6933125

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