Per OLCB's 10K for the period ending Dec 31, 2009Total Loans "Above" Due: $58,995,000Total Assets _________: $183,649,000Nonperforming % = 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
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: 24CD: 0.1Sec's: 29.9Loans: 101Financial 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: 2.21Per Share: (15)Price:Per Statement: 2.414_71Price 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: 3.01Net Loss per Common Share:After Tax: (3.01)Net:Zero,Zip,NadaPrice:Last:2.80Kyle 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!!