Net Income for the year [2013] was positive for the first time in at least the last 4 years. Before this the bank had a negative net income of -$15.232 Million dollars.
I see Deferred Tax Assets in our future.
BV is up .02 to: $8.48 *and that is without tax credits :)
MV today is: $5.70
P/B is still a very attractive: 0.6722% *Stop and think about this Pagz - The average P/B for all banks in the State of Florida is 149.95%. I think this is huge going forward.
The only weak link left for management to continue to tackle is NPA's ...and they currently stand at 7.65%.
Everything the CEO [Mr. Robert Epling] told us back in October has held true to form.
With consolidation in full swing CBKS has to be on everyone's "A" list of Banks looking to acquire. Can you spell - premium! I like it...full steam ahead!