U.S. Banks Potentially Undervalued Small Caps

OptimumBank Holdings

Market Cap: US$64.4m

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

BayFirst Financial

Market Cap: US$28.0m

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

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.

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.

High Country Bancorp

Market Cap: US$36.2m

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

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.

Oconomowoc Bancshares

Market Cap: US$10.7m

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

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.

JSB Financial

Market Cap: US$31.2m

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

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.

Keweenaw Financial

Market Cap: US$56.3m

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

Oconee Financial

Market Cap: US$50.4m

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.

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.

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.

CNB

Market Cap: US$29.5m

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.

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.

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.

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.

FFW

Market Cap: US$52.9m

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

Home Loan Financial

Market Cap: US$57.9m

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

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.

Paragon Financial Solutions

Market Cap: US$58.4m

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

Farmers and Merchants Bancshares

Market Cap: US$58.4m

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

CNB Financial Services

Market Cap: US$19.5m

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

Pinnacle Bancshares

Market Cap: US$34.8m

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

Community Bancshares (McArthur OH)

Market Cap: US$52.3m

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

Andover Bancorp

Market Cap: US$39.8m

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

Great American Bancorp

Market Cap: US$24.9m

Operates as a thrift holding company for First Federal Savings Bank of Champaign-Urbana that provides various banking and financial services to individual and corporate customers primarily in Champaign County, Illinois.

Citizens Holding

Market Cap: US$52.0m

Operates as the bank holding company for The Citizens Bank of Philadelphia that provides various banking products and services.

Sturgis Bancorp

Market Cap: US$51.6m

Operates as the bank holding company for Sturgis Bank & Trust Company that provides banking products and services in Michigan, the United States.

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.

AMB Financial

Market Cap: US$29.9m

Operates as the bank holding company for American Community Bank of Indiana that provides financial services to customers in Indiana.

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.

Commercial National Financial

Market Cap: US$55.5m

Operates as the holding company for Commercial Bank that provides various banking products and services to individuals, agricultural and commercial businesses, and light industries in Michigan.