First Financial Service Corp. (KY) (FFKY)

[56Chevy]

If I said the moon is made out of cheddar cheese...would that be good enough proof for you?

True the bank is at a better price than my last post in December [$5.20] but show me with financial numbers that the bank is "cheap".

At todays price of $4.52 the bank sells at 151.1% X Book.

The Price/Book average for all banks in Kentucky is 118.12%

See a problem?

Am I saying this is a terrible bank? No.

Am I saying the banks financial condition isn't improving nicely? No.

There are a couple things I really like about this bank such as the size - they have $850MM in assets. It was over $1 Billion in 2012 which means they've had to throw some junk over-board to keep afloat - that's never a good thing for banks. Banks are healthy when the assets are growing...not receding.

We need to see the 2013 yearly results to see if the bleeding has stopped and they're reversing the trend. If they are that would be great. If you bought this good luck.

Marker:
First Financial Serv (FFKY)
$4.52 up 0.17 (3.91%)
Volume: 324