Company	Price	Valuation					Profitability					Cash & leverage					Quality				Rating
		P/E	P/B	P/S	EV / EBITDA	DCF upside	Gross margin	Operating margin	Net margin	ROE	ROIC	FCF yield	Debt / equity	Net debt / EBITDA	Interest coverage	Current ratio	Dividend yield	Piotroski (0-9)	Altman Z	Rating score (1-5)
AVBCthis companyAvidia Bancorp, Inc.	$22.46	-93.39×	0.82×	2.11×	-217.53×	-131.9%	55.6%	-3.9%	-2.2%	-0.9%	-0.2%	0.0%	0.76×	-101.38×	-0.13×	0.02×	0.0%	6	0.33	2	B-
BCMLBayCom Corp	$31.36	13.49×	0.95×	2.26×	8.81×	-29.8%	68.4%	23.2%	16.9%	7.1%	9.9%	9.4%	0.07×	-0.12×	0.8×	55.06×	2.1%	8	-0.59	2	C+
CZNCCitizens & Northern Corporation	$28.26	13.82×	0.94×	2.09×	15.12×	-55.3%	65.3%	18.6%	15.2%	6.9%	0.7%	9.4%	0.56×	4.74×	0.6×	1.11×	5.1%	7	-0.48	3	B
FMAOFarmers & Merchants Bancorp, Inc.	$36.75	7.25×	0.91×	1.79×	10.89×	-57.2%	62.3%	22.5%	17.6%	9.0%	4.8%	10.2%	0.81×	4.07×	0.61×	0.11×	3.6%	8	-0.45	3	B
FSBWFS Bancorp, Inc.	$43.89	9.49×	1.01×	1.42×	7.71×	37.8%	66.5%	20.6%	15.3%	10.8%	8.1%	16.8%	0.46×	2.25×	0.67×	0.12×	3.3%	6	-0.53	3	B
OBTOrange County Bancorp, Inc.	$39.86	8.57×	1.26×	2.26×	3.51×	26.6%	75.5%	32.6%	26.3%	14.6%	11.9%	11.6%	0.12×	-3.18×	1.67×	0.16×	2.0%	5	0.64	4	A-
Peer median	—	9.49×	0.95×	2.09×	8.81×	-29.8%	66.5%	22.5%	16.9%	9.0%	8.1%	10.2%	0.46×	2.25×	0.67×	0.16×	3.3%	7	-0.48	3	—