[npg]

Yeh. It's looking like a little feast indeed.

I like the people factor in that bank. Rather than spending money on acquisitions they prefer growing from within. It's a very old-fashioned, hard-nosed business practice. It does strike a chord!

Doesn't look like too much of a rush to get into this one either. The biggie might probably come begin 2008 when even more mortgages are going to reset from their teaser rates. Guess everyone is currently sitting on their cash waiting to see how that one will play out (read: what bargains it will create).

But it looks promising eh? It's worth investigating. Haven't had enough time to go through a meaningful number of 10-K's to make a decision. If the price/book value ratio would be lower I would be less hesitant.