Aside from the illiterate guy -everyone made some good points. I have said this is a high-risk high possible reward stock. 8% is quite high for NPA's and the bank is struggling. They did improve capital with asset sales and New Mexico is a great market.
If the bank makes it - the history of New Mexico banks is to sell at a higher premium to book than most other states. This bank was formed in 1922.
I like this investment only for high risk capital. I still like UWBk which is up a bit as well as CNO and NRF all three have some risk but each of them has improving financials.