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)
NODKthis companyNI Holdings, Inc.	$15.10	-26.6×	1.16×	0.98×	-19.72×	-92.2%	29.6%	-4.3%	-3.7%	-4.3%	-4.0%	-5.5%	0×	4.48×	0×	1.08×	0.0%	5	1.98	3	B
CBANColony Bankcorp, Inc.	$20.59	11.21×	0.84×	1.7×	12.78×	-63.9%	66.4%	18.9%	15.2%	7.5%	4.2%	-2.2%	0.69×	5.39×	0.61×	0.08×	2.5%	4	0.34	3	B
CIACitizens, Inc.	$4.38	16.66×	1.03×	0.95×	12.11×	117.1%	35.4%	6.8%	5.7%	6.2%	0.9%	7.2%	0×	-1.18×	0×	1.93×	0.0%	5	0.27	2	B-
FINWFinWise Bancorp	$13.91	14.35×	1.19×	1.52×	2.67×	139.8%	61.0%	14.4%	10.7%	8.3%	7.3%	-14.9%	0.02×	-5.97×	1.07×	0.22×	0.0%	3	0.74	3	B+
FNLCThe First Bancorp, Inc.	$36.78	8.53×	1.03×	1.65×	10.17×	-53.9%	52.3%	23.6%	19.4%	12.1%	6.9%	11.8%	0.66×	3.53×	0.51×	0.11×	5.6%	6	-0.52	3	B+
ISBAIsabella Bank Corporation	$40.67	19.53×	1.59×	3.29×	21.79×	-12.9%	70.6%	19.8%	16.9%	8.2%	4.5%	6.3%	0.62×	5.23×	0.66×	0.12×	2.2%	6	0.51	3	B+
Peer median	—	14.35×	1.03×	1.65×	12.11×	-12.9%	61.0%	18.9%	15.2%	8.2%	4.5%	6.3%	0.62×	3.53×	0.61×	0.12×	2.2%	5	0.34	3	—