Replies to post #340 on Hank's Small Banks

[10 bagger]

CVLY..$5.65.............

"CVLY was funded primarily by an increase in deposits generated from local markets and, to a lesser degree, borrowing from Federal Home Loan Bank of Pittsburgh."

http://www.sec.gov/Archives/edgar/data/806279/000117184310000066/exh_991.htm

This above from tody's release was the only positive that I saw..

Neg was that they took TARP....

Return on assets is thin at 0.5%....

Return on stkhldrs eguity at 6.05% is somewhat low...

Efficency Ratio at .66 is low and the lower the better and is a positive and accounts for the statement they made above..

I like Small Banks but Rarely buy with less than 1% return on assets and twice the prime on the return on Stkholders eguity..

Infact even today above 15% can be found..

I hold GECR,, CATC,, TCBI,, WEFP,, NIDB,, PRSP,, MLGF,, NIDB,, WFSC..

All are OK but WFSC is on the sell list,, WEFP Position has been cut in half in size on this latest move,, TCBI and PRSP are new,, and CATC,, NIDB,, and MLGF are strong holds.. The best bank by far is MLGF but in the wrong,, wrong,, wrong location.. hank