It's time to change horses. CCBI has done well however much of their revenue has been from creation of new and/or re-financing loans. That revenue stream is largely over. CCBI has good management but the retail banking side must be given time to develop. At P/E of about $17, its time to take profits perhaps returning in the future. An alternative, look at UBMT, up 16.9 percent since August 1st plus dividend, TMCV a solid, small bank, and BAC at a P/E of 12, plus dividends. God, how I love 'em!
I just took a look at tmcv. I don't think it is a good buy for the following reasons:
(1) It is an OTC BB stock, no auditing report or annual report is available at SEC site. (2) More than half of its income comes from "other income" which I assume it is re-fi related income. If this "other income" is cut by half in the future, the PE ratio of TMCV will become about 20. (3) Its non-performing loan grows from 0.1% to more than 1.2% of its outstanding loans. I don't know whether this is a trend. But it looks like that way.
Overall, tmcv is not a good buy at all. Good luck to your position.
I agree that TMCV should be a NASDAQ stock. It would provide a better market place and probably a 2 buck per share jump. Their other income is coming from the sale of SBA loans. The premium on those loans is taken into income over a half life of the loan so their earnings stream will continue for many years. The company growth rate is excellent and should continue. Non-performing is not that far away from their peers.
Good luck to you, but I love the eps estimates over the next couple of quarters for CCBI. From a percentage standpoint, you wont see that from many banks. They are using revenue's to grow business. Management seems solid. I will buy on any dips.