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)
NRIMthis companyNorthrim BanCorp, Inc.	$23.94	9.11×	1.8×	2.42×	5.91×	36.7%	81.4%	35.5%	26.6%	19.8%	13.8%	22.8%	0.27×	-0.65×	2.01×	0.13×	2.5%	6	0.69	4	A
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-
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
EQBKEquity Bancshares, Inc.	$49.45	36.01×	1.16×	2.7×	7.81×	32.6%	50.4%	10.4%	7.2%	3.1%	3.7%	4.5%	0.61×	-1.8×	0.31×	1.41×	1.3%	5	-0.66	3	B+
FMAOFarmers & Merchants Bancorp, Inc.	$36.96	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
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+
Peer median	—	8.53×	1.16×	1.79×	10.17×	18.1%	62.3%	23.3%	18.8%	9.0%	4.0%	10.6%	0.66×	3.53×	0.61×	0.13×	2.9%	6	-0.45	3	—