Community Financial Shares Inc (fka CFIS)

[56Chevy]

UBPR Report for 3rd Qtr 2013:

Net Income -2,966

OK anybody else flinch when this Net Income number came up? Let's just call it an even $3 Million bucks! Shut the fffront door..whats up with that!

We saw a -$2.4MM loss last qtr but it was for a good reason - they paid off TARP and some 3rd party debt - fantastic ..NO problemo.. love it! ..but to see this $3MM loss jump up this qtr was completely unexpected.

Naturally I went on a rant about it with my good friend EI. And as usual he was not as animated nor alarmed as I was ...(don't you just hate a guy who can remain calm when panic and outrage are clearly warranted).. ';~]

UBPR & Call Reports don't come with notes or explanations...just numbers...and what you see is what you get.

So the bank has some splainin' to do! ...$3mm bucks worth!

Whatever it was I'm hoping it cleans up the balance sheet to pristine condition!

...despite this nasty hit, the bank remarkably remains On Sale!