Work with me: Private Investment Coaching
Behind The (Pay)Wall
I need to keep this one behind the paywall for now.
This tiny bank with only ~$200 million in assets has low leverage (7.3x) and earns a return on equity of over 13%. That’s a return on assets of over 1.80%.
It has clean credit and a rock-bottom cost of deposits.
Oh, and it’s trading at 0.92x tangible book value. Its market cap is small at just a few tens of millions of dollars (being intentionally vague here).
Insiders own 45% of the bank.
Drumroll…
