tag:blogger.com,1999:blog-2149523431587168680.post2777415906320727752..comments2024-01-16T00:12:23.220-05:00Comments on Oddball Stocks: Shareholder Vote at Friendly Hills Bank ($FHLB)Nate Tobikhttp://www.blogger.com/profile/05660387777171986124noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-2149523431587168680.post-49355889075150792332021-06-01T19:11:34.924-04:002021-06-01T19:11:34.924-04:00Thanks, that is on my "avoid at all costs&quo...Thanks, that is on my "avoid at all costs" list. So if things go bad, residential mortgages can be much more easily sold AND there loan to asset value is usually (I say that with an *) is mostly covered. Commercial loans....omg....so what is an foreclosed abandoned warehouse worth? How about a loan on a used car lot? You or i have no real way to evaluate these, we hope Sacramento can or maybe the FDIC, but there can be a lot of crap hidden in there, bank in Iowa had couple mil in semen loans under their commercial and ag book. The bull turned out to be more of Bull sh%^t on that one. Just buying investments is okay as long as TBills or munis or something, know a lot of banks with some shockingly high numbers there, but why the heck these guys are buying MORE deposits like you said....yea...good luck there, you want deposits, market a half percent CD for a year, open the door or sell them to TDAmeritrade or Schwab and watch the millions come in your door, you can get deposits for almost nothing. I learned all about de novo banks long ago and the word is NO, but it is a good deal..NO, we have great proformas..NO, look at this great management we took from...NO. We expect to pay a dividend of 5% in year three....NO. The math makes no sense and they are where money goes to die....even after 15 years, usually if they are not under an FDIC order, they are doing nothing......JMO....good luck to anyone throwing their line to this Olaf Danielsonhttps://www.blogger.com/profile/18427270873795437960noreply@blogger.comtag:blogger.com,1999:blog-2149523431587168680.post-69542421588113493912021-06-01T19:11:21.535-04:002021-06-01T19:11:21.535-04:00Thanks, that is on my "avoid at all costs&quo...Thanks, that is on my "avoid at all costs" list. So if things go bad, residential mortgages can be much more easily sold AND there loan to asset value is usually (I say that with an *) is mostly covered. Commercial loans....omg....so what is an foreclosed abandoned warehouse worth? How about a loan on a used car lot? You or i have no real way to evaluate these, we hope Sacramento can or maybe the FDIC, but there can be a lot of crap hidden in there, bank in Iowa had couple mil in semen loans under their commercial and ag book. The bull turned out to be more of Bull sh%^t on that one. Just buying investments is okay as long as TBills or munis or something, know a lot of banks with some shockingly high numbers there, but why the heck these guys are buying MORE deposits like you said....yea...good luck there, you want deposits, market a half percent CD for a year, open the door or sell them to TDAmeritrade or Schwab and watch the millions come in your door, you can get deposits for almost nothing. I learned all about de novo banks long ago and the word is NO, but it is a good deal..NO, we have great proformas..NO, look at this great management we took from...NO. We expect to pay a dividend of 5% in year three....NO. The math makes no sense and they are where money goes to die....even after 15 years, usually if they are not under an FDIC order, they are doing nothing......JMO....good luck to anyone throwing their line to this Olaf Danielsonhttps://www.blogger.com/profile/18427270873795437960noreply@blogger.com