Replies to post #34 on BNCCORP, Inc. (BNCC)

[vpagano]

In 2010, the holding company entered into a memorandum of understanding with the Federal Reserve Bank (the Fed) that restricted payments related to the Company's common stock, preferred stock and debt without prior written permission from the Fed. This memorandum of understanding with the Fed was terminated in the fourth quarter of 2012.

We're moving along nicely, time to take out BV currently at $14.49.

[Enterprising Investor]

Preferred stock and subordinated debentures outstanding aggregated $43.3 million at December 31, 2012. Management continues to assess the Company's leverage and capital structure. At December 31, 2012, the accrued interest and dividends on these obligations, which included deferred amounts, was $8.5 million. Subsequent to year end, we began to bring these obligations current and anticipate that we will be current on all obligations as of the end of first quarter of 2013.

[Enterprising Investor]

Deferred interest and dividends are being paid off.

Preferred stock and subordinated debentures outstanding aggregated $43.3 million at December 31, 2012. Management continues to assess the Company's leverage and capital structure. At December 31, 2012, the accrued interest and dividends on these obligations, which included deferred amounts, was $8.5 million. Subsequent to year end, we began to bring these obligations current and anticipate that we will be current on all obligations as of the end of first quarter of 2013.