The bank turned a first profit in two years, much due to reduced provision. Still, looking beneath the surface, it's core earning is almost 1% ROA, or around 10% ROA with "normal" provision. CEO, Michael Price--not the famed money manager-- did a good job IMO. It's still sort of cheap, but recent run up means a possibility of pull back. Second Wave's Tom Brown seems to think so. On this first quarterly profit, it may not retreat further. Long term, demographic shift may dampen its growth.