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)
IBCPthis companyIndependent Bank Corporation	$36.88	9.86×	1.34×	2.13×	7.14×	-28.2%	69.6%	25.8%	21.7%	13.6%	9.2%	10.4%	0.23×	-0.24×	0.91×	0.03×	3.2%	4	0.36	3	B+
ACNBACNB Corporation	$66.43	13.39×	1.18×	2.91×	15.12×	26.4%	73.7%	27.3%	21.7%	8.8%	1.1%	10.6%	0.78×	5.8×	1.16×	0.32×	2.9%	7	0.36	4	A-
BOTJBank of the James Financial Group, Inc.	$24.75	9.34×	1.05×	1.35×	4.96×	3.2%	77.9%	17.8%	14.4%	11.3%	0.9%	12.4%	0.11×	-1.51×	0.8×	496.36×	2.2%	6	0.52	3	B+
CBNKCapital Bancorp, Inc.	$42.70	8.17×	1.16×	1.53×	6.52×	18.1%	73.6%	23.3%	18.8%	14.2%	4.0%	14.5%	0.13×	0.28×	1.09×	0.13×	1.6%	5	1.43	4	A
CCBGCapital City Bank Group, Inc.	$51.18	11.83×	1.31×	2.6×	8.31×	28.4%	87.1%	30.0%	22.0%	11.1%	1.4%	11.0%	0.17×	0.34×	2.56×	1.24×	2.3%	7	0.45	4	A-
FBIZFirst Business Financial Services, Inc.	$75.26	8.96×	1.19×	1.59×	10.46×	448.1%	57.3%	21.6%	18.0%	13.5%	1.2%	13.8%	0.7×	3.56×	0.55×	0.31×	2.4%	6	1.33	4	A-
Peer median	—	9.34×	1.18×	1.59×	8.31×	26.4%	73.7%	23.3%	18.8%	11.3%	1.2%	12.4%	0.17×	0.34×	1.09×	0.32×	2.3%	6	0.52	4	—