Coast Bancorp (CA) (fka CTBP)

[jjo1fam]

In comparison to Heritage Oak, (competition)

for 2012 the gross for the year was $13,003,000 with a share volume of 25,310,000 making the profit $0.55 a share.
With the bank equity at $148,461,000 and current market cap at $147,030,000, the bank is trading at 99% equity.

Coast National Bank for 2012 had a profit of $87,000 with a market share of 711,200 making the profit $0.12 a share.
With the bank equity at $7,245,000 and market cap at
$1,210,000, the bank is trading at 16.7% of equity.

If CTBP was to actually trade at the same as the competition, then share price should be around $10.00 pps.

Makes me believe this is undervalued.

I found all these numbers from the CALL report on the FDIC website.
You can search each bank and download the report yourself at

https://cdr.ffiec.gov/public/ManageFacsimiles.aspx