Make Hay While the Sun Shines...And invest that money to set yourself up for the future.
And while MNRK is on its way to its 17th quarter of record year over year quarterly performance and preferred dividends are behind them, senior management and the board is already planning on what they should do in 2013 with all this money they're making........Lets see....
1) Bump up the common dividend 20% from .20 to .24?
2) Open another branch or two....expand that footprint even more?
3) Buyout some small, distressed bank (or a few of their branches) - ones that would be strategic fit within the targeted footprint??
MNRK grew itself last year too (additional branch, rolled out Monarch Bank Private Wealth, etc..) It's what you do to set yourself up for the future....to offset the ebbs and flows of the banking business....Brilliant!!