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Great American Bancorp

OTCPK:GTPS
Snowflake Description

Flawless balance sheet and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
GTPS
OTCPK
$14M
Market Cap
  1. Home
  2. US
  3. Banks
Company description

Great American Bancorp, Inc. 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. The last earnings update was 90 days ago. More info.


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GTPS Share Price and Events
7 Day Returns
0%
OTCPK:GTPS
0.4%
US Mortgage
0.8%
US Market
1 Year Returns
-1%
OTCPK:GTPS
5.3%
US Mortgage
4.8%
US Market
GTPS Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Great American Bancorp (GTPS) 0% 1.6% -3.7% -1% 37.2% 21.3%
US Mortgage 0.4% 3.3% 2.7% 5.3% 34.6% 46.8%
US Market 0.8% 4.3% 2.8% 4.8% 37.9% 43.5%
1 Year Return vs Industry and Market
  • GTPS underperformed the Mortgage industry which returned 5.3% over the past year.
  • GTPS underperformed the Market in United States of America which returned 4.8% over the past year.
Price Volatility
GTPS
Industry
5yr Volatility vs Market

Value

 Is Great American Bancorp undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Great American Bancorp to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Great American Bancorp.

OTCPK:GTPS Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Median Return on Equity from the past 5 years.
= Stable Book Value * Return on Equity
= $39.61 * 3.5%
$1.38
Book Value of Equity per Share Median Book Value from the past 5 years. $39.61
Discount Rate (Cost of Equity) See below 8.2%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for OTCPK:GTPS
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Mortgage Unlevered Beta Simply Wall St/ S&P Global 0.87
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.869 (1 + (1- 21%) (0%))
0.912
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.91
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (0.912 * 5.96%)
8.17%

Discounted Cash Flow Calculation for OTCPK:GTPS using Excess Returns Model Model

The calculations below outline how an intrinsic value for Great American Bancorp is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

OTCPK:GTPS Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (3.5% – 8.17%) * $39.61)
$-1.85
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= $-1.85 / (8.17% - 2.73%)
$-34.10
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= $39.61 + $-34.10
$5.51
OTCPK:GTPS Discount to Share Price
Calculation Result
Value per share (USD) From above. $5.51
Current discount Discount to share price of $31.55
= -1 x ($31.55 - $5.51) / $5.51
-472.9%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Great American Bancorp is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Great American Bancorp's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Great American Bancorp's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OTCPK:GTPS PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in USD $3.01
OTCPK:GTPS Share Price ** OTCPK (2019-06-25) in USD $31.55
United States of America Mortgage Industry PE Ratio Median Figure of 129 Publicly-Listed Mortgage Companies 14.36x
United States of America Market PE Ratio Median Figure of 3,084 Publicly-Listed Companies 18.01x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Great American Bancorp.

OTCPK:GTPS PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= OTCPK:GTPS Share Price ÷ EPS (both in USD)

= 31.55 ÷ 3.01

10.47x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Great American Bancorp is good value based on earnings compared to the US Mortgage industry average.
  • Great American Bancorp is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does Great American Bancorp's expected growth come at a high price?
Raw Data
OTCPK:GTPS PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 10.47x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
8.3%per year
United States of America Mortgage Industry PEG Ratio Median Figure of 50 Publicly-Listed Mortgage Companies 1.45x
United States of America Market PEG Ratio Median Figure of 2,124 Publicly-Listed Companies 1.59x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Great American Bancorp, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Great American Bancorp's assets?
Raw Data
OTCPK:GTPS PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in USD $42.18
OTCPK:GTPS Share Price * OTCPK (2019-06-25) in USD $31.55
United States of America Mortgage Industry PB Ratio Median Figure of 145 Publicly-Listed Mortgage Companies 1.13x
United States of America Market PB Ratio Median Figure of 5,240 Publicly-Listed Companies 1.81x
OTCPK:GTPS PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= OTCPK:GTPS Share Price ÷ Book Value per Share (both in USD)

= 31.55 ÷ 42.18

0.75x

* Primary Listing of Great American Bancorp.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Great American Bancorp is good value based on assets compared to the US Mortgage industry average.
X
Value checks
We assess Great American Bancorp's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Mortgage industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Mortgage industry average (and greater than 0)? (1 check)
  5. Great American Bancorp has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Great American Bancorp expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover Great American Bancorp, future earnings growth has been estimated based on fundamentals.
The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
8.3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Great American Bancorp expected to grow at an attractive rate?
  • Great American Bancorp's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Great American Bancorp's earnings growth is positive but not above the United States of America market average.
  • Unable to compare Great American Bancorp's revenue growth to the United States of America market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
OTCPK:GTPS Future Growth Rates Data Sources
Data Point Source Value (per year)
OTCPK:GTPS Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 8.3%
United States of America Mortgage Industry Earnings Growth Rate Market Cap Weighted Average 10.6%
United States of America Mortgage Industry Revenue Growth Rate Market Cap Weighted Average 4.5%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14.1%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.5%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
OTCPK:GTPS Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OTCPK:GTPS Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-31 9 1
2018-12-31 9 1 1
2018-09-30 9 1
2018-06-30 9 1
2018-03-31 9 0
2017-12-31 9 1 0
2017-09-30 9 1
2017-06-30 9 1
2017-03-31 8 1
2016-12-31 8 1 1
2016-09-30 8 1
2016-06-30 8 1

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Great American Bancorp's earnings are expected to grow by 8.3% yearly, however this is not considered high growth (20% yearly).
  • Unable to determine if Great American Bancorp is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
OTCPK:GTPS Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Great American Bancorp Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:GTPS Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-31 3.01
2018-12-31 2.19
2018-09-30 1.22
2018-06-30 1.22
2018-03-31 1.13
2017-12-31 1.10
2017-09-30 1.63
2017-06-30 1.65
2017-03-31 1.59
2016-12-31 1.50
2016-09-30 1.36
2016-06-30 1.12

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Great American Bancorp will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Great American Bancorp's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Great American Bancorp has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Great American Bancorp performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Great American Bancorp's growth in the last year to its industry (Mortgage).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Great American Bancorp's year on year earnings growth rate has been positive over the past 5 years.
  • Great American Bancorp's 1-year earnings growth exceeds its 5-year average (164% vs 7.1%)
  • Great American Bancorp's earnings growth has exceeded the US Mortgage industry average in the past year (164% vs 39.9%).
Earnings and Revenue History
Great American Bancorp's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Great American Bancorp Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:GTPS Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 9.35 1.31 6.67
2018-12-31 8.95 0.96 6.65
2018-09-30 8.86 0.53 6.56
2018-06-30 8.82 0.54 6.56
2018-03-31 8.70 0.50 6.47
2017-12-31 8.56 0.48 6.54
2017-09-30 8.67 0.72 6.43
2017-06-30 8.62 0.73 6.37
2017-03-31 8.41 0.71 6.30
2016-12-31 8.27 0.67 6.21
2016-09-30 8.05 0.61 6.24
2016-06-30 7.80 0.51 6.24
2016-03-31 7.81 0.48 6.27
2015-12-31 7.95 0.53 6.33
2015-09-30 8.18 0.59 6.27
2015-06-30 8.28 0.62 6.25
2015-03-31 8.60 0.80 6.24
2014-12-31 8.36 0.74 6.20
2014-09-30 8.34 0.65 6.27
2014-06-30 8.28 0.61 6.27
2014-03-31 8.05 0.42 6.31
2013-12-31 8.25 0.51 6.36
2013-09-30 8.64 0.68 6.34
2013-06-30 8.92 0.83 6.38
2013-03-31 9.07 0.97 6.38
2012-12-31 8.92 1.03 6.36
2012-09-30 8.97 1.13 6.39

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Great American Bancorp has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Great American Bancorp used its assets less efficiently than the US Mortgage industry average last year based on Return on Assets.
  • Unable to establish if Great American Bancorp improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
X
Past performance checks
We assess Great American Bancorp's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Mortgage industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Great American Bancorp has a total score of 3/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Great American Bancorp's financial position? (This company is analysed differently as a bank or financial institution)

This company is a bank or financial institution.

Fundamentally a bank's business is based upon borrowing and lending money, for this reason they typically have high levels of debt and we analyse them differently.
Net Worth
Balance sheet
This treemap shows a more detailed breakdown of Great American Bancorp's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Great American Bancorp Company Filings, last reported 3 months ago.

OTCPK:GTPS Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 18.11 0.00 65.96
2018-12-31 17.71 0.00 58.78
2018-09-30 17.58 0.00 56.68
2018-06-30 17.53 0.00 62.12
2018-03-31 17.42 0.00 70.13
2017-12-31 17.27 0.00 61.53
2017-09-30 17.56 0.00 61.96
2017-06-30 17.55 0.00 65.36
2017-03-31 17.47 0.00 73.53
2016-12-31 17.34 0.00 64.12
2016-09-30 17.40 4.00 69.66
2016-06-30 17.26 4.00 71.62
2016-03-31 17.25 4.00 76.52
2015-12-31 17.16 4.00 71.94
2015-09-30 16.46 4.00 62.13
2015-06-30 16.44 4.00 68.36
2015-03-31 16.51 4.00 71.71
2014-12-31 16.46 4.00 63.47
2014-09-30 16.80 4.00 58.57
2014-06-30 16.75 4.00 65.74
2014-03-31 16.53 4.00 74.82
2013-12-31 16.49 4.00 67.42
2013-09-30 16.42 4.00 68.32
2013-06-30 16.38 4.00 72.99
2013-03-31 16.35 4.00 77.77
2012-12-31 16.21 4.00 68.17
2012-09-30 16.34 4.00 55.22
BANK ANALYSIS

This company is a bank or financial institution, which is analysed accordingly below.

Below we check the amount of loans the bank has, how many of those are bad, and its ability to cover any bad loans.
  • Great American Bancorp has an acceptable proportion of non-loan assets held.
  • Great American Bancorp's liabilities are made up of primarily low risk sources of funding.
  • Loans at Great American Bancorp are broadly funded by customer deposits.
  • Great American Bancorp's level of assets compared to its equity is low (i.e. an appropriate level of borrowing to fund lending).
  • Great American Bancorp has a sufficient allowance for bad loans.
  • Great American Bancorp has an acceptable level of bad loans (less than 2%).
X
Financial health checks
We assess Great American Bancorp's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Great American Bancorp has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Great American Bancorp's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
2.16%
Current annual income from Great American Bancorp dividends.
If you bought $2,000 of Great American Bancorp shares you are expected to receive $43 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Great American Bancorp's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.41%).
  • Great American Bancorp's dividend is below the markets top 25% of dividend payers in United States of America (3.71%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
OTCPK:GTPS Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
United States of America Mortgage Industry Average Dividend Yield Market Cap Weighted Average of 95 Stocks 3.1%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2018 Stocks 2.4%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

OTCPK:GTPS Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-04-22 0.680 2.080
2019-04-12 0.560 1.710
2019-01-30 0.560 1.695
2018-10-22 0.560 1.770
2018-07-23 0.560 1.715
2018-04-23 0.560 1.747
2018-03-26 0.560 1.755
2018-01-23 0.560 1.713
2017-12-07 0.560 1.826
2017-07-18 0.560 1.786
2017-05-02 0.560 1.824
2017-04-05 0.560 1.750
2017-01-30 0.560 1.804
2016-10-19 0.560 2.090
2016-07-19 0.560 2.321
2016-04-21 0.560 2.412
2016-04-11 0.560 2.463
2016-01-25 0.560 2.441
2015-10-20 0.560 2.467
2015-07-30 0.560 2.432
2015-05-15 0.560 2.296
2015-03-27 0.560 2.179
2015-01-23 0.560 2.232
2014-10-23 0.560 2.453
2014-07-29 0.560 2.268
2014-04-24 0.560 2.185
2014-02-19 0.560 2.094
2014-01-24 0.560 1.839
2013-10-30 0.560 1.782
2013-07-26 0.560 1.645
2013-04-18 0.560 1.648
2013-02-21 0.560 1.657
2012-10-16 0.560 1.707
2012-07-17 0.560 1.560
2012-04-11 0.560 1.452
2012-03-20 0.560 1.520
2012-01-24 0.560 1.535
2011-10-28 0.560 1.513

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Whilst dividend payments have been stable, Great American Bancorp has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but Great American Bancorp only paid a dividend in the past 8 years.
Current Payout to shareholders
What portion of Great American Bancorp's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (5.1x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Great American Bancorp's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Great American Bancorp afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Great American Bancorp has a total score of 2/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Great American Bancorp's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
George Rouse
COMPENSATION $345,343
AGE 68
TENURE AS CEO 24.5 years
CEO Bio

Mr. George R. Rouse serves as the Chief Executive Officer and President of Great American BanCorp. Inc. and First Federal savings Bank. Mr. Rouse also serves as the President of Park Avenue Service Corporation and GTPS Insurance Agency. He has been a Director of Great American BanCorp. Inc. since 1982 and also serves as a Director of Park Avenue Service Corporation.

CEO Compensation
  • George's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Insufficient data for George to establish whether their remuneration is reasonable compared to companies of similar size in United States of America.
Management Team

George Rouse

TITLE
President
COMPENSATION
$345K
AGE
68
TENURE
24.5 yrs

Patrick Rouse

TITLE
President of GTPS Insurance Agency & Director of Park Avenue Service Corporation
COMPENSATION
$172K

Jason Eyman

TITLE
Senior Vice President of Lending - First Federal Savings Bank
COMPENSATION
$116K

Tyler Rouse

TITLE
Executive Vice President of Administration of First Federal Savings Bank of Champaign-Urbana
COMPENSATION
$155K

Patrick McWilliams

TITLE
CFO, Secretary & Treasurer
TENURE
1.2 yrs
Board of Directors Tenure

Average tenure and age of the Great American Bancorp board of directors in years:

20.5
Average Tenure
73
Average Age
  • The average tenure for the Great American Bancorp board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Ron Guenther

TITLE
Chairman of the Board
AGE
73
TENURE
18.5 yrs

George Rouse

TITLE
President
COMPENSATION
$345K
AGE
68

Patrick Rouse

TITLE
President of GTPS Insurance Agency & Director of Park Avenue Service Corporation
COMPENSATION
$172K

Ron Kiddoo

TITLE
Director
AGE
77
TENURE
24.5 yrs

Jack Troxell

TITLE
Director
AGE
74
TENURE
22.5 yrs

John Hecker

TITLE
Director
AGE
67
TENURE
7.7 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
X
Management checks
We assess Great American Bancorp's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Great American Bancorp has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

Great American Bancorp, Inc. 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. Its deposit products include demand deposits, savings accounts, time deposits, money market accounts, and certificates of deposit. The company's loan products comprise 1-4 family residential mortgage loans; loans secured by multi-family residential real estate and commercial properties or land; construction loans, including 1-4 family, multi-family, and commercial construction loans; commercial loans; and consumer loans comprising home equity loans, auto and mobile home loans, other secured and unsecured loans, and lines of credit. It also provides full service brokerage activities through a third-party broker-dealer; and sells tax deferred annuities. In addition, the company offers insurance products, including life, health, auto, property, and casualty insurance to individuals and businesses. Great American Bancorp, Inc. was founded in 1908 and is based in Champaign, Illinois.

Details
Name: Great American Bancorp, Inc.
GTPS
Exchange: OTCPK
Founded: 1908
$13,998,009
443,677
Website: http://www.greatamericanbancorp.com
Address: Great American Bancorp, Inc.
1311 South Neil Street,
PO Box 1010,
Champaign,
Illinois, 61824,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
OTCPK GTPS Common Stock Pink Sheets LLC US USD 30. Jun 1995
Number of employees
Current staff
Staff numbers
0
Great American Bancorp employees.
Industry
Thrifts and Mortgage Finance
Banks
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/15 23:37
End of day share price update: 2019/06/25 00:00
Last earnings filing: 2019/04/16
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.