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Temecula Valley Bancorp Inc. Message Board

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  • bancinvstr bancinvstr Sep 13, 2006 1:42 PM Flag


    Most of the construcion loans are made in Northern California. This is a good market. Perhaps you would feel better about this stock after listening to this.
    I would become concerned if the insiders were selling and getting out, they are not. Their charge offs and problem credits are minimal

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    • Actually, the majority of this bank's construction lending is centered in Southern California - primarily North San Diego/SW Riverside County and both the high and low desert areas. And a great deal of it is "speculative" home building. The bank does provide construction financing in the Bay Area, however, that is not a majority piece of the pie. My concern is the growing amount of standing inventory that we are beginning to see with all residential developers these days. Another concern is the amount of land deals that the bank has on the books. This is a typical realty cycle that will eventually come about, but I wonder if TMCV has properly postured itself to absorb some hits or losses on the spec construction side.

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