State Bank Corp. (fka SBAZ)

[free_bee]

http://finance.yahoo.com/news/state-bank-corp-reports-first-165925097.html

Interest bearing deposits 3,126 5,192
Overnight Funds 32,985 7,400

can we assume that the customers are more interested in spending than in saving with the decrease in interest bearing deposits?

To have such an increase in overnightfund is good or bad?

http://en.wikipedia.org/wiki/Overnight_market

Someone told me to look for the following criteria and this bank does not seem to meet the criteria.

"The metrics I use are banks that have under .80 PPS/Book value, 1+% ROA, 7+% ROE and downward trending NPAs/PDs.

How should one take it where for this company, the following is the result...

"Return on average assets was 0.50% and return on average equity was 5.08% against return on average assets of 0.19% and return on average equity of 1.99% a year ago"

http://investing.businessweek.com/research/stocks/snapshot/snapshot.asp?ticker=SBAZ


https://www.facebook.com/lakehavasucityarizona
Looks like the bank is serving a prosperous community of the area.