but the largest factor influencing the price is the continued deterioration of the loan portfolio which is at terrible levels.
If you were to apply a hearty discount of 45% against classified assets and OREO (expectations of future write downs), deducting from current capital and factoring in TARP, you'll quickly find pricing perhaps even slightly higher than those who have taken their punishment (write downs).
There too, where other troubled loan institutions have turned the corner, OKSB has not with classifieds continuing to outpace its ability to deal with them.
Regulators are all over banks with classified ratio over 75% and no bank over 50% permitted to bid on FDIC auctions. OKSB is now over 100%
Dallas Fed just reported its beige book for the past month with Texas trends continuing downward.
It is amazing how poorly OKSB has done in TX with respect to its loan portfolio.