tag:blogger.com,1999:blog-8448772781137071684.post5104368139734738597..comments2024-03-26T10:02:02.339-11:00Comments on Timyan® Bank Alert: UPDATE: AmeriServ Financial, Johnstown, PA (ASRV)Phil Timyanhttp://www.blogger.com/profile/10406944702623010051noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-8448772781137071684.post-58624689613279069642017-04-20T01:37:36.727-11:002017-04-20T01:37:36.727-11:00Konnichiwa -- Hello and thanks for reading. You ar...Konnichiwa -- Hello and thanks for reading. You are correct. As stated in my review, ASRV's "status as a unionized bank makes it unlikely another bank will seek to buy it." I'm glad you like CNAF, too. I wish they would sell off some securities and buy some stock back. (Right Yuanxi?) -- Good Luck, PhilPhil Timyanhttps://www.blogger.com/profile/10406944702623010051noreply@blogger.comtag:blogger.com,1999:blog-8448772781137071684.post-20242628030072001572017-04-15T05:46:58.829-11:002017-04-15T05:46:58.829-11:00In my opinion...UAW major impediment to a sale. S...In my opinion...UAW major impediment to a sale. See CNAF...a way better Bank (I am long) with the same issue. The President of CNAF actually mentioned UAW in one of their quarterlys as an impediment to a sale. At least they cough out special cash dividends every now and then.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8448772781137071684.post-86207649301187455312017-04-08T05:22:00.390-11:002017-04-08T05:22:00.390-11:00My apologies, Yuanxi! I meant to reply to a commen...My apologies, Yuanxi! I meant to reply to a comment of yours here, and instead somehow deleted it...<br /><br />You wrote: "I had the impression that each quarter the bank has some noisy items that reduces its earnings from what it should be. I imagined a billion-dollar bank should have a fairly stable/predictable earning history. My other concern is that the efficiency ratio doesn't really fall while its assets are growing."<br /><br />You are correct. There do always seem to be one-time charges muddling up the earnings picture. As to AmeriServ's efficiency ratio, I would argue that while it is absolutely too high and needs to come down, on balance there does seem to be slight improvement. The ratio from 2012 thru 2016 goes: 86.18%, 87.84%, 88.26%, 82.54%, 84.98%, so while 2016 was disappointingly above last year's, it was below 2012, 2013 and 2014. Let's hope they can get it into the high 70's!Phil Timyanhttps://www.blogger.com/profile/10406944702623010051noreply@blogger.com