Global Banks Potentially Undervalued Small Caps

Romerike Sparebank

Market Cap: NOK 450.9m

Provides various banking products and services.

OptimumBank Holdings

Market Cap: US$65.0m

Operates as the bank holding company for OptimumBank, which provides various consumer and commercial banking services to individuals and businesses.

Flekkefjord Sparebank

Market Cap: NOK 178.3m

A savings bank, provides banking services for retail and corporate markets in Flekkefjord, Egersund, Farsund, Hægebostad, Kristiansand, Kvinesdal, Lindesnes, Lund, Lyngdal, and Sirdal and Sokndal.

Sogn Sparebank

Market Cap: NOK 218.5m

Provides various banking products and services in Norway.

BayFirst Financial

Market Cap: US$28.2m

Operates as the bank holding company for BayFirst National Bank that provides community banking services for small and medium sized businesses and individuals.

High Country Bancorp

Market Cap: US$36.2m

A bank holding company, provides various banking products and services.

Huron Valley Bancorp

Market Cap: US$31.7m

Operates as the bank holding company for Huron Valley State Bank that provides various banking products and services to individuals and businesses in Michigan.

First Resource Bancorp

Market Cap: US$63.5m

Operates as the bank holding for First Resource Bank that provides personal and business banking products and services to businesses and families primarily in the southeastern area of Pennsylvania.

Elmer Bancorp

Market Cap: US$27.2m

Operates as the bank holding company for The First National Bank of Elmer that provides various business and personal banking products and services in New Jersey.

Oconomowoc Bancshares

Market Cap: US$10.7m

Operates as the bank holding company for Bank Five Nine that provides banking products and services.

Premier Bank

Market Cap: ৳6.2b

Provides various conventional and Islamic commercial banking services in Bangladesh.

Kraft Bank

Market Cap: NOK 592.2m

Provides refinancing of mortgages on loans and unsecured loans with and without collateral to individuals in Norway.

Crazy Woman Creek Bancorp

Market Cap: US$16.0m

Operates as the holding company for Buffalo Federal Bank that provides a range of banking products and services to individuals, families, and businesses in North-Central Wyoming.

Oconee Financial

Market Cap: US$51.4m

Operates as the bank holding company for Oconee State Bank that provides a range of commercial and consumer banking products and services to consumers, businesses, and communities.

Farmers Bank of Appomattox

Market Cap: US$30.6m

Together with its subsidiary Farmers Bank Financial Services, Inc., provides various personal and business banking products and services.

Keweenaw Financial

Market Cap: US$56.3m

Through its subsidiary, Superior National Bank, provides various financial and trust services to individual and corporate customers.

Southern Banc Company

Market Cap: US$8.7m

Operates as the holding company for The Southern Bank company that provides various banking products and services in Alabama.

Enterprise Financial Services Group

Market Cap: US$32.4m

Through its wholly owned subsidiary, Enterprise Bank, provides various banking products and services in the United States.

CNB

Market Cap: US$28.8m

Operates as the bank holding company for Citizens National Bank that provides various banking services to individuals, agricultural businesses, commercial businesses, and light industries in the United States.

JSB Financial

Market Cap: US$31.2m

Operates as the bank holding company for Jefferson Security Bank that provides various banking products and services.

Infinity Bancorp

Market Cap: US$42.8m

Operates as the bank holding company for Infinity Bank that provides various banking products and services for individuals and businesses in Southern California.

Oak View Bankshares

Market Cap: US$48.8m

Operates as the bank holding company for Oak View National Bank that provides banking services for individual and corporate customers in the counties of Marshall, Warrenton, Culpeper, and Rappahannock, and Virginia.

United Tennessee Bankshares

Market Cap: US$18.4m

Operates as the holding company for Newport Federal Bank that provides various financial services to individuals and corporate customers.

Woodlands Financial Services

Market Cap: US$40.4m

Operates as the financial services holding company for Woodlands Bank and Woodlands Stock Corporation that provides commercial and consumer banking, and trust services in Lycoming and Clinton counties in Pennsylvania.

Mission Valley Bancorp

Market Cap: US$61.9m

Operates as a bank holding company, providing various banking products and services to individuals and corporate customers.

Home Loan Financial

Market Cap: US$57.9m

A unitary thrift holding company, provides various banking products and services in the United States.

Pinnacle Bancshares

Market Cap: US$34.8m

Through its subsidiary Pinnacle Bank provides various banking products and services.

CNB Financial Services

Market Cap: US$19.5m

Operates as the bank holding company for CNB Bank, Inc.

Paragon Financial Solutions

Market Cap: US$57.7m

Through its subsidiary, Paragon Bank, provides various banking products and services to individuals, and small and mid-sized businesses in the United States.

FFW

Market Cap: US$53.2m

Operates as the bank holding company for Crossroads Bank that provides various banking products and services.

Farmers and Merchants Bancshares

Market Cap: US$58.2m

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

Denali Bancorporation

Market Cap: US$49.5m

Operates as a bank holding company for Denali State Bank that provides various banking products and services in the United States.

Community Bancshares (McArthur OH)

Market Cap: US$52.3m

Community Bancshares, Inc. provides various financial services in Ohio.

Slatinska Banka d.d

Market Cap: €15.4m

Provides banking products and services in Croatia.

Peoples Bancorp

Market Cap: US$765.4k

Operates as the holding company for The Peoples Bank that provides various banking products and services to individuals, small businesses, associations, and government entities in Kent, Cecil, Queen Anne's, and Talbot Counties, Maryland.

MBT Bancshares

Market Cap: US$55.2m

Operates as a bank holding company for the Metairie Bank and Trust Company that provides various banking products and services in the United States.