Replies to post #12 on Community Shores Bank fka CSHB

[Enterprising Investor]

Think of it as a one-time event.

It relates to Settlement Agreement and Release with Fifth Third Bank. Fifth Third accepted $500,000 in full satisfaction of $5,828,000 in debt.

The gain greatly enhances book value and capital ratios improve much like the BNCC's insurance recovery.

The bank is much healthier going into the second quarter.