5-Year Anniversary Portfolio Performance Assessment

Happy Anniversary, Timyan Bank Alert!

It's hard to believe five years have passed since I launched the Timyan Bank Alert.  The publication serves a wide range of purposes in my life: it helps me hone my art, make money, help others make money, and connect personally with those of you who share my passion for community banks. And I really like how it establishes an historical record of the stories behind these bank stocks.

If you had invested $100 in each stock when I reviewed it here, your $4300 investment would be worth $9159 today. If you only invested in HCBP, I apologize...

---

Disclosure: As of this posting, I own shares of all the bank stocks reviewed in the Timyan Bank Alert that still exist (or the stocks of their acquiring banks) and may subsequently either dispose of them or purchase more. For full disclosure, please note, I personally own many other bank stocks that are not represented in the Timyan Bank Alert portfolio or record.

The average running return rate for the Timyan Bank Alert portfolio so far is 113%. Over the past five years, I've reviewed 43 bank stocks. Four have undeperformed against the market. (The first two stocks I reviewed turned out to be the least auspicious.) HCBP essentially lost everything when it was seized by the FDIC CDBK merged into Parkway, is currently down 8%, but still looks promising to me CNAF is running "flat" at 1% BKUT is up an un-thrilling 7% Nineteen have doubled their value or better, as shown in the table below. FMFC and SBFC increased 5-fold, but are now in acquiring company stock CITZ and CWBC quadrupled, CITZ via acquisition and CWBC on its own BHWB, CPBO, and CMTB have tripled, BHWB on its own My "median" performer gained 89% — BBIM, which was acquired for cash.

1st Review	Symbol	Return	Price Then	Price Now*
07/09/12	FMFC	425%	$5.05	$26.50
06/20/12	SBFC	423%	$12.60	$65.95
05/30/12	CITZ	381%	$5.45	$26.24
05/11/12	CWBC	360%	$2.23	$10.25
10/04/12	BHWB	259%	$6.75	$24.25
03/30/14	CPBO	237%	$8.45	$28.47
08/21/14	CMTB	207%	$7.27	$22.35
05/07/13	CBIN	188%	$13.00	$37.47
04/12/14	BBBI	159%	$6.38	$16.50
07/07/12	PSBQ	146%	$25.50	$62.75
05/04/12	HBNC	132%	$11.29	$26.21
08/08/12	FRAF	123%	$13.60	$30.35
05/21/13	EMYB	111%	$6.65	$14.00
09/26/16	GRBS	108%	$11.40	$23.69
06/04/12	CARE	107%	$8.25	$17.11
01/07/13	FIBP	105%	$13.60	$27.85
09/23/12	BXS	104%	$15.00	$30.60
06/24/12	HFBC	102%	$7.07	$14.26
02/27/13	LOGN	100%	$21.00	$41.95
06/30/13	HARI	94%	$7.20	$14.00
07/11/14	BANC	93%	$10.76	$20.75
12/30/14	BBIM	89%	$49.75	$93.93
11/13/13	MFGI	86%	$32.25	$60.00
07/03/14	CABC	80%	$10.80	$19.40
03/02/14	NCNB	76%	$9.25	$16.25
07/13/13	NWYF	73%	$15.80	$27.40
06/01/15	EXSR	73%	$84.00	$145.00
09/17/12	MFNC	71%	$7.84	$13.41
08/26/16	CCFH	67%	$1.05	$1.75
04/25/15	SLRK	54%	$4.80	$7.40
09/02/15	PFBX	52%	$9.75	$14.80
01/19/15	FGBI	45%	$17.09	$24.74
02/06/14	NWBN	43%	$4.02	$5.75
02/27/16	SBBI	41%	$41.00	$58.00
01/11/17	BAOB	38%	$3.11	$4.30
01/15/14	ASRV	33%	$3.05	$4.05
08/30/12	NECB	23%	$6.73	$8.27
07/03/16	SRNN	21%	$9.80	$11.85
04/06/17	BRBW	14%	$7.25	$8.25
05/29/14	BKUT	7%	$4.37	$4.67
11/18/14	CNAF	1%	$20.70	$21.00
04/30/12	CDBK	-8%	$14.5	$13.39
04/26/12	HCBP	-100%	$3.50	$0.01

* April 2017 price, where the stock exists, or its value in acquiring stock