There are some things here that are obviously interesting.
I like their locations...
I like the region they serve...
Growing deposits like crazy... which is counter-intuitive now. How many can you find that are doing that ?
Need to read the filings carefully to see what you can of what is going on... but, I don't read them and think I know what happens next because of it. Like most down here... the whim of the regulators could determine the outcome.
I think their difficulty is tied to the real estate debacle and its fallout... and here that is amplified a bit because their business loan portfolio was also fairly real estate dependent.
That looks like it to me... a good small bank gone bad for reasons that have more to do with things that are outside their control than not...
But, do read through the filings to note the limits the regulators are imposing... and the nature of them...
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