FOTB
FIRST OTTOWA BANKSHARES
stockOTC

2x book and 13x earnings isn’t exactly a bargain in the community bank space. You can get much better deals OTC. Eg. First Ottowa Bancorp (FOTB), which has been taking commercial market share in the Chicago suburbs rapidly. P/E: 7.2 for FOTB vs 13.5 for CMTV P/B: 1.42 FOTB vs 2.24 CMTV ROAE: 20.4% FOTB vs 16% for CMTV EPS growth: 40% FOTB vs 32% CMTV PEG: .18 FOTB vs .42 CMTV Efficiency Ratio: 45.7% FOTB 57% CMTV Net Interest margin: 4.01% FOTB vs 3.68% CMTV You get the idea. This OTC traded Illinois bank beats CMTV in almost every growth and quality metric and trades at half the earnings multiple. Over 2x book for a community bank with 4% loan growth isn’t exactly cheap, imo.