Community Financial Shares Inc (fka CFIS)

[vpagano]

Think about this one Chevy on a quarter over quarter basis.

Q3 Non-interest income was $1.634 MM vs. $1.087 in Q2 so an increase of $550K

Now look:

Q3 Non-interest expense was $10.95 MM vs. only $7.445 MM in Q2, or an increase of $3.5 MM

Net change of about $3 MM

If there are any one-time items in that category somewhere you would have to add that back into the loss to normalize. It can be pretty tough with these tiny banks on that one.

Point being, it could have been a better quarter than the $2.4MM loss last quarter. During the lumpy earnings stage as a bank recovers, two quarters a trend does not make. Paying off TARP as you know is huge.

FD: no position