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Ohio Legacy Corp. Message Board

  • equitiesthinktank equitiesthinktank Apr 16, 2010 8:27 AM Flag

    Is OLCB's Nonperforming Assets = 32% ???

    Per OLCB's 10K for the period ending Dec 31, 2009

    Total Loans "Above" Due: $58,995,000
    Total Assets _________: $183,649,000

    Nonperforming % = 32%

    If this is true, this is Very Bad.

    Link:
    http://www.snl.com/Cache/9289600.pdf?O=3&IID=4051079&OSID=9&FID=9289600

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    • I see where you are going with the 32%.....
      It is more Broad Based macro oriented than that:

      OLCB:Ohio Legacy Corp:Received & Reading 10-K:

      $$M

      Financial Assets:
      Cash: 24
      CD: 0.1
      Sec's: 29.9
      Loans: 101
      Financial Liab:
      Deposits: (140)
      Repurch Agreements: (1.038)
      FHLB Advances: (19)
      Subtotal: (3.86_715)
      MBS Impaired: (15.772)
      LoansNonAccrual: (5.83)
      Net Loss before Tax: (6.9106)
      Total:Adjusted (32.377)
      Shares: 2.21
      Per Share: (15)
      Price:Per Statement: 2.414_71
      Price To: (0.165011038)

      Primary Loss Category(s):
      PLL (4.507055)
      Per Share: (2.0371)
      PriceTo: (1.185_367_023)

      REO Writedowns: (1.52201)
      Per Share: (0.7)
      PriceTo: (3.51)

      Total: (6.0290630)
      Per Share: (2.725)
      PriceTo: (0.886_127)

      Change in Cash:
      Reported: 12.698
      Cash Adj: (6.0290630)
      Adjusted: 6.67
      Per Share: 3.01

      Net Loss per Common Share:After Tax: (3.01)

      Net:Zero,Zip,Nada

      Price:Last:2.80

      Kyle Kendrick, thanks for trying out!!!!!

      UYU:BTN 2.404

    • I assume if these figures were even close to accurate there would be lots more chatter on the internet Message Board? Note company now headquarters itself in the Canton area.

      Note the stock trades pretty strong at over 2 times the stated book value--if smart investors, it indicates a pretty strong positive vote for current management.

      Wish all involved and the company well. Glad it survived some tough times!!

 
OLCB
10.300.00(0.00%)Sep 12 12:03 PMEDT

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