FNCB Bancorp Inc. (FNCB)

[norweger1979]

Reviewed FNCB's financials that they reported for 6/30/2013 and the call report from 9/30/2013.

Reading through their latest annual report FNCB specifically points out that they are trying to regain "normalized status with their industry regulators'. They are still operating under the consent order with the office of the comptroller of the currency (OCC) and the written agreement with the Fed Reserve Bank of Philadelphia.

They state they are close to comply with all provisions under those orders except the capital ratios. FNCB needs their risk based capital level at 13% and they state they are within striking distance of that ratio.

Their 6/30/2013 reported risk based capital level was 12.27%.

In their 9/30/2013 call report, risk based capital level is 12.62%

There is a good possibility that just assuming similar qtr over qtr. progress that they will hit a 13% risk based capital level for the 12/31/2013 qtr.

FNCB is close to comply with all provisions and the consent order should be lifted soon. That will enable them to start paying a dividend again (which with the high insider ownership is likely) and better access to capital markets.

good luck FNCB shareholders