Pink Sheets

Still going with the community bank startups.

Professional Business Bank, #57148, v : PBBK

1.8 million shares. $32 million market cap. $14.7 million equity (2.18 p/b). Selling at 2.3 times book. Assets growing fast. Equity increased 40%, some kind of 2ndary offering in Q4 04. Net interest margin 4.63%. ROA 0.51%. ROE 4.63%. Efficiency 88%. Equity/assets 10.87%.

Uniti Bank, #57120: UIBK

1.86 million shares. $33.4 million market cap. $16.4 million equity (2.03 p/b). 4.10% net interest margin. ROA 1.2%. ROE 10.53%. Equity/assets 11.26%.

Mirae Bank (Korean), #57332: MAEB
Affinity Bank of Pennsylvania, #57478: stock not public, Tina (610) 898-7700
Port City Capital Bank, #57350: public stock but no details found
Liberty Bell Bank, #57524: LBBB

1.3 million shares. $8.75 million market cap. $6.79 million equity (1.29 p/b). $77 million assets. Pretty much fully leveraged, but losing money (consistently $500K+ per quarter) and not improving. Net interest margin 1.74%. Worthy of selling cheap.

Trinity Bank, #57543: TYBT

1.1 million shares. $16 million market cap. $9.8 million equity (1.6 p/b).

Indiana Business Bank, #57713: IBBK
Granite Community Bank, #57315: GCBK
Landmark National Bank, #57324: LMRK

1.16 million shares. $15 million market cap. $6.28 million equity (2.39 p/b).

1.43 million shares. $22 million market cap. $13.9 million equity.

Mariner Bank, #57499: less than 0.908 million shares, not sure about trading
Landmark Community Bank, #57112: LDKC
Apple Valley B&T, #57138: AVBK
Orange County Business Bank, #57338: OCBB

4.18 million shares. $67 million market cap. $44.6 million equity (1.5 p/b).

CommerceWest Bank, #57176: CWBK yet another Orance County bank

2.64 million shares. $34 million market cap. $17.7 million equity (1.9 p/b).

Discovery Bank, #57136: DVLB

1.04 million shares. $16 million market cap. $10.4 million equity (1.5 p/b).

Cardinal State Bank, #57172: CSNC

1.28 million shares. $15.89 million market cap. $18.5 million equity (0.86 p/b). $9.45 million new equity last year. Annual report says $8.11 book value per share. Recent stock price is $12.42 (actual p/b is 1.53). $142 million assets (40% increase over last year). 33 employees ($4.3 million per emp). Equity/assets 13.0%. Total risk-based capital ratio 18.0%. Net interest margin 3.74$. Non-interest income 0.30%. Non-interest expense 3.28%. Efficiency crappy at 81%. ROA 0.59%. ROE 4.47%. Loss allowance to loans 1.3%. Non-current assets 0.14%. Total risk-based capital ratio 18%. 27% real estate residential loans (mostly first liens). There are some chargeoffs ($8K loan to individual). Comparing to peer group of small banks in NC, looks pretty good except: provisions are lower, interest income lower, non-interest expense higher, net income lower.

Freedom Bank of Virginia, #57184: FDVA

872K shares. $10 million market cap. $6.97 million equity (1.4 p/b).

Mission Valley Bank, #57101: MVBS

1.09 million shares. $19 million market cap. $9.6 million equity (2.0 p/b).

California Community Bank, #57533: CABK

1.21 million shares. $18 million market cap. $8.6 million equity (2.1 p/b) .

Pacific City Bank, #57463: PFCY Korean?

1.79 million shares. $33 million market cap. $17.4 million equity (1.9 p/b).

Pacific Commerce Bank, #57065, v : PFCI Japanese

766K shares. $9 million market cap. $7.9 million equity (1.1 p/b). $51 million assets growing fast. Brought in $4.7 million equity last year. This seems to be included in the 776K shares equity, but I'm not positive. Still losing money after 2+ years in operation. Terrible efficiency despite high assets/employee. Results are steadily improving. Still not fully capitalized. I don't like this one.

Legacy Bank, #57536: LBKC?
Integrity Bank, #57557: IGYB (Yahoo says it's a PK, Pink Sheets doesn't recognize it)
Capital Pacific Bank, #57562: CPFB

1.51 million shares. $18 million market cap. $12.1 million equity (1.5 p/b).

Longleaf Community Bank, #57544: no ticker
Washington Business Bank, #57167: no ticker, call (360) 754-1945
Cedar Stone, #57684: no ticker, call (615) 443-1411
Diablo Valley Bank, #57551: DBVB

2.48 million shares. $65 million market cap. $13.1 million equity (5.0 p/b).

Commerce National Bank, #57566: CNBF
Security Business Bank of San Diego, #57357: SBBK

1.76 million shares. $27 million market cap. $15.3 million equity (1.8 p/b).

Calnet Business Bank, #57314: CLNB (specialized bank: contribution mgmt, fundraising)
Pathfinder Bank, #57497: PBHC

2.45 million shares. $35 million market cap. $3.5 million equity (10.0 p/b).

Community Bank of Orange, #57145: CBOG
Oregon Coast Bank, #57373: OCOB
Ventura County Business Bank, #57441: VCBB

1.1 million shares. $16 million market cap. $8.66 million equity (1.84 p/b).

Willamette Community Bank, #57513: WMCB

552K shares. $8.3 million market cap. $4.6 million equity (1.8 p/b).

Suffolk First, #57487: SUFB

2.06 million shares. $24 million market cap. $14.7 million equity (1.6 p/b).

Alarion Bank, #57845: no ticker yet
Rivergreen Bank, #57467: RVGR

420K shares. $11 million market cap. $6.9 million equity (1.6 p/b).

County Commerce Bank, #57423: CNYB