MV today was: $7
TBV is: $13.04
P/TBV is: 0.5368% (representing a 46% Discount)
The average for all Michigan bank's P/TBV is: 123.12%
LTM EPS was: $2.61
LTM P/E is: 2.68
The average of all Michigan bank's have a LTM/PE ratio of 10.63
The National average P/E ratio for banks with between $250MM ~ $500MM in assets is: 15.37
NIM for OXBC is: 4.04%
The average NIM for all banks in Michigan is: 3.70%
No TARP
No SBLF
Among all these strengths what is the weakest link in the chain? NPA's are still a little high at 13.40%..they must continue to come down. The average for all bank's Nationally with between $250MM ~ $500M in assets is 3.03%.
*Where else can you buy a solid no non-sense transparent business like this for fifty three cents on the dollar!
If liabilities are greater than assets, the business is insolvent. Knowing the structure of those liabilities is where to make your money. EI-2010
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