Athens Bancshares Corp. Reports Operating Results (10-Q) GuruFocus.com
Athens Bancshares Corp. has a market cap of $31.35 million; its shares were traded at around $11.55 with a P/E ratio of 17.37 and P/S ratio of 1.66. The dividend yield of Athens Bancshares Corp. stocks is 1.77%.Highlight of Business Operations:
Loans. Net loans receivable increased $2.6 million, or 1.3% from $199.4 million at December 31, 2010 to $202.0 million at June 30, 2011, primarily as a result of (1) the funding of a $5.0 million loan to purchase an assisted living facility in Lake Wells, Florida and the subsequent repayment of $3.9 million of this loan to the prior owner, with the Bank having maintained a participation interest on the prior loan on this facility with another bank; (2) the funding of a $3.0 million loan to refinance a skilled nursing facility in Black Earth, Wisconsin; (3) an $1.4 million increase in construction and land loans primarily due to partial funding in the amount of $495,000 of a $893,000 loan for construction of an owner-occupied physical therapy center in Chattanooga, Tennessee and the funding of a $320,000 loan to a residential builder in Chattanooga, Tennessee for the construction of two speculative single family dwellings and (4) a $2.9 million payoff on a loan for a hotel in Chattanooga, Tennessee refinanced through another lender.
Refinance Help. Fill this form and get help!
Real Estate Radio Chattanooga impact of low rates
For your home purchase or home refinance, low interest rates give the opportunity to shorten the mortgage loan term or to reduce loan payments or ...