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Strategies & Market Trends : Value Investing

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To: peter michaelson who wrote (38336)	6/21/2010 6:04:38 PM
From: Spekulatius	Read Replies (2) of 78711

re BANR - the tier one ratio by itself is meaningless, you need to look at the passive side of the balance sheet (asset quality). per The street.com, BANR rating is D- which is pretty much the bottom of the pile. For comparison Hopfed's rating is C (not great but far better than D-) before the capital raise. FWIW, I would not touch BANR even after a capital raise. Same for FRBK which tries to raise capital too (FRBK was a rejected merger partner - another red flag). The safe and sound ratings are a great tool to get a quick and dirty look at the safety of an institution (Safe and sound did not work right now so i went to Thestreet Weiss ratings. There are gobs of banks available far below tangible book, only few of those I consider worthy of investment. BANR would not even pass a 2min smell test. I think HFBC while not without risk represents a far better risk reward.

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