U.S. Strong Past Earnings Growth, P/E Ratio Below 20

National Bankshares

Market Cap: US$198.7m

Operates as the bank holding company for the National Bank of Blacksburg that provides retail and commercial banking products and services to individuals, businesses, non-profits, and local governments.

Chain Bridge Bancorp

Market Cap: US$191.3m

Operates as a bank holding company for Chain Bridge Bank, N.A.

Ceragon Networks

Market Cap: US$180.7m

Provides wireless transport solutions for cellular operators and other wireless service providers in North America, Europe, Africa, the Asia Pacific, the Middle East, India, and Latin America.

LICT

Market Cap: US$178.5m

Provides broadband, voice, and video services in the United States.

First Farmers and Merchants

Market Cap: US$177.5m

Operates as the bank holding company for First Farmers and Merchants Bank that provides a range of banking and financial services to individual and corporate customers in Middle Tennessee and Northern Alabama.

Ames National

Market Cap: US$177.4m

Operates as a multi-bank holding company that provides banking products and services primarily in Boone, Clarke, Hancock, Marshall, Polk, Story, Taylor, and Union Counties in central, north-central, and south-central Iowa.

Ohio Valley Banc

Market Cap: US$171.2m

Operates as the bank holding company for The Ohio Valley Bank Company that provides commercial and consumer banking products and services.

FS Bancorp

Market Cap: US$166.8m

Operates as the holding company for Farmers State Bank that provides banking products and services to individuals and business customers in Indiana and Michigan.

CF Bankshares

Market Cap: US$158.0m

Operates as the bank holding company for CFBank, National Association that provides various banking products and services.

PB Financial

Market Cap: US$149.3m

Operates as the financial holding company for Providence Bank that provides commercial and retail banking products and services.

First Ottawa Bancshares

Market Cap: US$139.8m

Operates as the bank holding company for American Commercial Bank & Trust, National Association that provides a range of banking and financial services to individual and corporate customers in LaSalle, Grundy, Cook, and other counties in Illinois.

Benchmark Bankshares

Market Cap: US$139.1m

Operates as the holding company for Benchmark Community Bank that provides various banking products and services in the United States.

Eagle Bancorp Montana

Market Cap: US$135.9m

Operates as the bank holding company for Opportunity Bank of Montana that provides various banking products and services to small businesses and individuals in Montana.

South Atlantic Bancshares

Market Cap: US$130.1m

Operates as the bank holding company for South Atlantic Bank that provides various banking products and services to individuals and small businesses in the United States.

Espey Mfg. & Electronics

Market Cap: US$124.0m

A power electronics design and original equipment manufacturing company, designs, manufactures, and tests electronic equipment primarily for use in military and industrial applications in the United States.

Q.E.P

Market Cap: US$122.5m

Designs, manufactures, and distributes flooring installation solutions for commercial and home improvement projects in the United States and internationally.

Summit Bank Group

Market Cap: US$121.6m

Summit Bank Group, Inc., together with its subsidiaries, commercial banking, financing, real estate lending, and other services in Lane, Deschutes, Multnomah, and Washington counties in Oregon.

Affinity Bancshares

Market Cap: US$120.9m

Operates as the holding company for Affinity Bank that provides various banking products and services in Georgia.

Magyar Bancorp

Market Cap: US$110.1m

Operates as the holding company for Magyar Bank that provides various consumer and commercial banking services to individuals, businesses, and nonprofit organizations in New Jersey, the United States.

McRae Industries

Market Cap: US$105.3m

Manufactures, sells, and distributes boot products for the western/lifestyle and work boot markets.

Shengfeng Development

Market Cap: US$103.1m

Through its subsidiaries, provides contract logistics services in the People’s Republic of China.

Lake Shore Bancorp

Market Cap: US$102.0m

Operates as the savings and loan holding company for Lake Shore Savings Bank that provides banking products and services in New York.

United Bancshares

Market Cap: US$100.8m

Operates as the bank holding company for The Union Bank Company that provides various commercial and consumer banking services.

Dimeco

Market Cap: US$97.9m

Operates as the bank holding company for The Dime Bank that provides banking products and services to individuals and businesses in Pennsylvania.

Skyline Bankshares

Market Cap: US$95.0m

Operates as the holding company for the Skyline National Bank that provides a range of retail and commercial banking services to individuals, and small and medium sized businesses in the United States.

Century Next Financial

Market Cap: US$92.1m

Operates as the holding company for the Century Next Bank, which provides various banking products and services in Louisiana and Arkansas.

Mountain Pacific Bancorp

Market Cap: US$90.8m

A bank holding company, provides various banking services to individual and corporate customers in Whatcom, Skagit, Snohomish, and King Counties.

Steele Bancorp

Market Cap: US$90.2m

Operates as a bank holding company for Mifflinburg Bank and Trust Company that provides commercial, mortgage, residential real estate, consumer loan financing, and deposit services in Pennsylvania.

Bank of South Carolina

Market Cap: US$85.2m

Operates as a bank holding company for The Bank of South Carolina that provides financial products and services primarily in Charleston, Berkeley, and Dorchester counties of South Carolina.

F & M Bank

Market Cap: US$84.6m

Operates as the bank holding company for Farmers & Merchants Bank that provides financial products and services to consumers and businesses in Virginia.

Eastern Michigan Financial

Market Cap: US$84.4m

Operates as the bank holding company for Eastern Michigan Bank that provides retail and commercial banking services to individuals and businesses in Michigan.

First Reliance Bancshares

Market Cap: US$78.7m

Operates as the bank holding company for First Reliance Bank that provides banking products and services in North and South Carolina.

Coastal Carolina Bancshares

Market Cap: US$77.1m

Provides banking services to domestic markets, principally in Horry County, Richland County, Aiken County, Greenville County, Spartanburg County, and Orangeburg County, South Carolina.

National Capital Bancorp

Market Cap: US$74.5m

Operates as the bank holding company for The National Capital Bank of Washington that provides various banking products and services to individuals and businesses in Washington.

New Peoples Bankshares

Market Cap: US$74.3m

Operates as a financial holding company for New Peoples Bank, Inc.

Optex Systems Holdings

Market Cap: US$73.7m

Manufactures and sells optical sighting systems and assemblies primarily for the U.S.