Banks that are planning to pay off TARP do not defer. NPLs are very high at thus bank and TCE is low. NPLs are weighted in NPLs and, as those roll through the collection pipeline there will be considerable loss which will further strain capital. The deferal is probably part and parcel to a more severe regulatory agreement that may be under negotiation. On top of it all, rather than bringing in competent management and undertaking a restructuring of finances and operations, the board brings in a 70+ year old who was on the board when this misguided operation was put together. The recent price bump was the result of low trading volume and local yokels who did not understand the depth of the problems, Also, this bank has far fewer NIB deposits than it should and will continue to have problems with an elevated cost of funds. Truly a rudderless ship taking on water.