The regulators could indeed swoop in at any time and close this bank down. I wouldn't be surprized and I'm sure no one else would be either. When I attended the shareholdes meeting in May, I think it was, the CEO's 2nd or 3rd sentence was, "The bank is hanging by a thread."
For whatever reason, I have a gut feeling FSBS just might make it. Although they are losing money, their losses are far less than it was a couple of years ago and they keep on improving. In fact, the bank was on track to be profitable this quarter but it appears the month of June kicked their butt.
I do think First South needs to show a profit and show it soon! I assume that if a profit isn't shown during the next two quarters, their days are numbered. There ia no way I would ever put a lot of money in this bank but I do have some. I guess I just love betting on long shots.