http://ycharts.com/companies/IBCP/cash_on_handThis is the most cash on hand in 10 years.Is the conversion of preferred stock just for raising the FDIC total capital?With this much cash on hand, it seems like IBC could get through the housing crises.
Let the truth be known.
In what capacity are you employed by this bank?
They are delinquent for the dividend payment to the government due 11/16/09. The payment is for the bailout funds. Maybe they should pay that.