Quote:
Originally Posted by sbm
...not generally the main street banks like us... At our bank and others I know...
|
Sounds like you are speaking for
Citizens First Bank.
Remember,
CFB is a family owned, not a public bank. Fact is,
CFB has a high "Non-Performing Asset" balance and a low "Loss Reserve" compared to other banks. That's not good. One big thing it has in its favor, is that if it has to repossess real estate on non-performing loans, it has an "inside position" on selling off those assets ("TV Pre-Owned").
Doesn't look like the healthiest bank in the state to me right now.
Skip