Agreed. Though they historically have few non perfoming loans, how does one assess the quality of the loan portfolio? Is there public information that rates them? Are there local business people who have dealt with them over the years. Looks like they over reserved for the actual experience,
There's a wealth of data,including peer group comparisons and the like, in the "Uniform Bank Performance Report" section of the website for the Federal Financial Institutions Examination Council's website, www.ffiec.gov. I find BRKL to be cast in the mold of the "traditional thrift", which leaves them with a bit of exposure to a bust in the residential and construction markets in their lending areas. Historically, they've been pretty conservative, which would suggest that, while not completely bulletproof, they can survive most storms with little significant erosion of capital. Like other second-stage demutualizations, however, this will require patience before it bears heavy sweet fruit for investors. The good news is that, so long as the continue to be conservative and pay a decent dividend, you can rest easy during the holding period.