Replies to post #97 on BNCCORP, Inc. (BNCC)

[free_bee]

From the latest earning..

"Net income for the 2013 first quarter was $3.785 million, or $1.00 per diluted share. This compared to net income of $1.568 million, or $0.37 per diluted share, in the first quarter of 2012. The first quarter results reflect higher non-interest income driven primarily by mortgage banking, gains on sales of assets and higher fees and service charges, which were partially offset by slightly lower net interest income and higher non-interest expense when compared to the first quarter of 2012. The provisions for credit losses and OREO valuation allowances in the first quarter of 2013 were $700 thousand compared to $800 thousand in the first quarter of 2012. Credit quality improved as nonperforming assets decreased to $13.6 million at March 31, 2013, compared to $15.6 million at December 31, 2012 and $14.5 million at March 31, 2012."

Do you like the idea that they're selling assets? Why sell assets and not hold them? Is that to gain a bigger market share or to buy more undervalued assets? Thank you in advance.

[56Chevy]

BNCC remains both unrecognized and cheap.

It's hard to imagine when lulls like this come along that there will be days in the future when we'll see BNCC go up for no apparent reason...until then its still "on sale".

Individual investors may be a bit slow to discover our bank but I highly doubt that it has escaped the view of its larger peers. You have to wonder how long it will be before one of them comes knockin'.