ewell the Warren Buffett cliche comes to mind. something about bad mgmnt will killa good biz and a good biz will salvage bad mgmnt. (Iam sure I botched this one) re banks, good mgmnt still can not save a bank in a poor economic environment. I would rather invest with the growing market wind at my back. if it has bad mgmnt maybe that growing market place will save them/me! I also looked at your analysis. very good I must say. but the bank will be limited to nim expansion by competition, especially in a stagnent market. and I could also argue Id rather have the cash (re divd) so mgmnt does not do something stupid with it. further I dont believe sbsi ever took any TARP funds. that was slightly before my time. As far as asset quality and (set asides as I call them) that is somehat up to mgmnt and the FDIC's blessing I believe.