CIB Marine Bancshares Inc. (CIBH)

[illegal_alias]

Yeah, I pulled the call report Thursday. The bank had $313K positive net earnings from operations, but the call report doesn't factor in the costs incurred by CIBH itself, which is the holding company. Between salary, overhead and other costs, my estimates show that the holding company costs are around $1 million - $1.1 million annually, or $250-255K quarterly. Improvement over the $159K net for Q1 2012.