j_remington

Buy Opportunities Like These Do Not Come Along Very Often

alexa,

You have been identified. he he

Are you resorting to personal attacks now?

At

Buy Opportunities Like These Do Not Come Along Very Often

and more
seattlepi.nwsource.com...

CTBK has less to worry

Buy Opportunities Like These Do Not Come Along Very Often

Seattle area home prices...
seattlepi.nwsource.com...

Buy Opportunities Like These Do Not Come Along Very Often

Long the stock and babbling about the negatives. What a disguise for a basher, alexa_g. hehe

Buy Opportunities Like These Do Not Come Along Very Often

Long the stock and babbling about the negatives. What a disguise for a basher, alexa_g. hehe

Buy Opportunities Like These Do Not Come Along Very Often

CTBK's customer base is located in a more stable locale and its business is superior than banks mentioned in the GS article, thus any downturn will be less damaging than what is occurring at regional banks.

My friends, industry banking veterans, agree with me that the stock price decline for CTBK is due to an emotional selloff. Also, sprinkle in short sellers who have traded down the stock based on selling momentum.

I would love to hear hard fast financial ratios and balance sheets OF CTBK customers INSTEAD of unverifiable references, blank statements and useless statistics. Anyone?

Buyers will be rewarded with a $20 stock price within 6-12 months. Shorts were correct in selling before but should be covering their positions as I write this.

Buy Opportunities Like These Do Not Come Along Very Often

Under loans secured by real estate:
a.
1. 1-4 family residential construction loans 571,706
($0 charge offs as of 3/31/2008)
2. Other construction loans and all land development and other land loans 300,540
($53 charge offs as of 3/31/2008)
Dollar amount in thousands.

*from Call report

Alex, your interpretation of exposure is subjective. Do you know the profile of the borrowers in question? I don't. No one does.

Also, Goldman Sachs sees broad rebound in the banking sector starting in the 1st quarter of 2009. Well...that is 7 months away. Stock prices reflect what will happen 6 months from now. biz.yahoo.com/ap/08061...

Buy Opportunities Like These Do Not Come Along Very Often

CTBK has less than 3% residential mortgages. Safe to say its loan exposure is unlike most banks who have to raise cash. No dilution from stock offering planned.

Commercial real estate for the WA area has been relatively stable due to minimal overbuilding and due to thriving businesses (high % of technology and export.) Thus, less commercial construction defaults.

All in all, the valuation of CTBK is highly appealing for the investor looking to hold for at least 6 months.