Trades for 1.5x book. Bought back 10,000 shares last quarter at $18.32 a share. Grew revenue last quarter to $8.6mm from $7.8mm in the year-ago period. "Total deposits were $458.5 million at September 30, 2006, compared to $449.4 million at June 30, 2006, and were $20.5 million higher than the $438.0 million at December 31, 2005. " "Rainier Pacific Financial Group, Inc. operates as the holding company for Rainier Pacific Savings Bank, which provides a range of banking services primarily in Tacoma-Pierce County, Washington."

Lake Shore Bancorp, Inc. engages in the retail banking business in Erie and Chautauqua Counties of New York. Trades at 1.5x book. "net income of $580,000 for the quarter ended September 30, 2006 compared to net income of $498,000 for the quarter ended September 30, 2005."

Coast Financial owns banks in Florida. Trades for 1.5x book. Revenues and deposits growing as they open up new branches. Opened up 8 new branches this past quarter. "Coast Bank of Florida today reported significant loan and deposit growth for the third quarter of 2006, with loans growing 45%, deposits increasing 38% and net interest income rising 30% compared to the third quarter a year ago. Coast has generated strong growth in assets of 40% in the past year as it aggressively invested in expanding its franchise in the growing greater Tampa Bay market." Credit quality also improved as "Non-performing assets also improved 32% to $985,000, or 0.15% of total assets, at September 30, 2006, as compared to $1.4 million or 0.30% of total assets a year ago."

Horizon Bancorp is a locally owned, independent, bank holding company serving northern Indiana and southwest Michigan. Trades at 1.5x book. From the recent earnings release: "Year to date net income was $5.251 million or $1.64 per fully diluted share compared to $5.011 million or $1.59 per fully diluted share for the same period of the prior year. " Credit quality imrpoving: "Non-performing assets at September 30, 2006 were $1.4 million, or 0.17% of gross loans, compared to $2.1 million or .28% at December 31, 2005. The decrease in non-performing assets occurred across all lending categories. Year to date net charge-offs for the nine months ended September 30, 2006 totaled $283 thousand compared to $431 for the same period of the prior year."

Highlights from recent earnings release: "Comm Bancorp, Inc. (Nasdaq: CCBP - News) today reported a $245 thousand or 17.8% increase in third quarter earnings to $1,625 thousand or $0.87 per share in 2006 compared to $1,380 thousand or $0.74 per share in 2005. Year-to-date earnings totaled $4,750 thousand or $2.56 per share in 2006, an $870 thousand or 22.4% increase from $3,880 thousand or $2.08 per share in 2005." "Total assets increased $10.5 million to $549.0 million at September 30, 2006, from $538.5 million at the previous quarter-end. " "nonperforming assets equaled 0.78% at the end of the third quarter compared to 0.90% at June 30, 2006, and 1.08% at December 31, 2005. "

Community Bank has about $4.4 billion in assets and operates its namesake locations in upstate New York and as First Liberty Bank & Trust in northeastern Pennsylvania. Trades for 1.5x book.

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