many shares are held by old time employees who expect it to climb back to price of housing bubble. It will but they will all be dead before it happens. The new banking rules have restricted all bank profits. The only freebie they get currently is low interest rates and the downgrade will impact on that as well now. With the foreclosures and walkaways very high in their geographic locations next couple of years is going to be rough. Thus far they have done a good job using their stock float and are quite well run as a company.