UCBI: How Strong Is The Bank?

[Observer]

Dumb and Dumber wrote:

<quoted text>
Seems like they're still going to me.
I think the dirtbags who didn't pay their mortgages are really to blame. Of course, the banks were stupid to loan them money, but the government wanted everyone to be homeowners.

MV gave docs suggesting director Bob Head and director WC Nelson cosigned for eight million dollar loan that went belly up. Did they pay? If they didn't make completely whole the loan are they some of those scumbags you talk bout? Or are they just stupid for loaning money to themselves?

[Keith Stone II]

Observer wrote:

<quoted text>
MV gave docs suggesting director Bob Head and director WC Nelson cosigned for eight million dollar loan that went belly up. Did they pay? If they didn't make completely whole the loan are they some of those scumbags you talk bout? Or are they just stupid for loaning money to themselves?

Like many of MV's stories, he starts out with facts then makes a leap without nailing down the rest of the facts. It's no wonder the DA, the Feds, and the media haven't found anything worth pursuing. Oh yeah, I forgot. They're all corrupt, too.

[Reb Blairsville]

Keith Stone II wrote:

<quoted text>
Like many of MV's stories, he starts out with facts then makes a leap without nailing down the rest of the facts. It's no wonder the DA, the Feds, and the media haven't found anything worth pursuing. Oh yeah, I forgot. They're all corrupt, too.

According to the News media they are pursuing. Would you like for us to believe you are the news.

[Tsplost]

Reb Blairsville wrote:

<quoted text>According to the News media they are pursuing. Would you like for us to believe you are the news.

He only reads Lamars Q&A.

[Dumb and Dumber]

Reb Blairsville wrote:

<quoted text>According to the News media they are pursuing. Would you like for us to believe you are the news.

How about proving that? What news media? Or are you just making up rumors again. You are SO good at that...

[Tsplost]

[QUOTE="Dumb and Dumber"][/QUOTE]


yes you are.

[Clueless]

Reb Blairsville wrote:

<quoted text>According to the News media they are pursuing. Would you like for us to believe you are the news.

Pursuing who and for what? Reb, how far short did you fall in your academic endeavors?

[Tsplost]

Clueless wrote:

<quoted text>
Pursuing who and for what? Reb, how far short did you fall in your academic endeavors?

youse clueless folks needs to read the history of the thread so's you wont be clueless and look dumb in front of everyone.

[Reb Blairsville]

Clueless wrote:

<quoted text>
Pursuing who and for what? Reb, how far short did you fall in your academic endeavors?

I fell short considerable ahead of you. Course that could be short of almost anyone.

[Reb Blairsville]

Dumb and Dumber wrote:

<quoted text>
How about proving that? What news media? Or are you just making up rumors again. You are SO good at that...

I doubt you are smart enough to read but it has been written about many times in the finicial news. Google UCBI and see if you can follow along. If you can't see if someone can explain it to you.

[Keith Stone II]

Reb Blairsville wrote:

<quoted text>According to the News media they are pursuing. Would you like for us to believe you are the news.

The SEC is investigating the treatment of UCB's deferred tax asset valuation. This looks more like a technical accounting issue than a crime, particularly since the outside auditors agreed with what UCB did.

[UnionCountyLocal]

Keith Stone II wrote:

<quoted text>The SEC is investigating the treatment of UCB's deferred tax asset valuation. This looks more like a technical accounting issue than a crime, particularly since the outside auditors agreed with what UCB did.

From what I've read they'd only get a few thousands in fines and then move on.

Doesn't mean the bank is squeaky clean, but this seems a non-starter to me.

[The M0untains V0ice]

Trading Volume was again high today, and the MASSIVE after hours, below the radar trades continued. Stock is continuing to get hammered as some insider is obviously bailing.

In continuing the tradition of Comparing UCBI to it's Competitors, here is today's activity:

The NASDAQ ended..... UP 0.78%
BAC ended.......... DOWN 1.77%
SNV ended.......... DOWN 1.61%
STI ended.......... UP 0.36%
BBT ended.......... UP 0.77%

UCBI???....... DOWN 2.75%

[The M0untains V0ice]

Reference: http://en.wikipedia.org/wiki/Repo_105

"Repo 105 is an accounting manoeuvre where a short-term loan is classified as a sale. The cash obtained through this "sale" is then used to pay down debt, allowing the company to appear to reduce its leverage by temporarily paying down liabilities—just long enough to reflect on the company's published balance sheet. After the company's financial reports are published, the company borrows cash and repurchases its original assets."

I am curious. Has anyone ever seen any activity such as this in times leading up to quarterly reports? It is an accounting practice that has been labeled "Generally Accepted Accounting Principles" by some - and yet at other times it has been prosecuted as "massive accounting fraud".

General Discussion Thought: How would YOU classify/categorize this sort of activity?

[The M0untains V0ice]

EXCERPT FROM: http://money.cnn.com/2012/07/11/investing/jpm...

"U.S. accounting rules allow banks to record a decrease in the value of its debt as a profit because they could theoretically buy the debt for a lower price and earn a return.

Another potential maneuver: in a low interest rate environment, banks can put securities, such as mortgage-backed bonds, up for sale and record what they would have earned from the sale as a profit even if there wasn't an actual transaction yet.

Dimon talked about booking $1 billion of such "nonrealized securities gains."

INTERESTING NOTE: You'll see UCBI reference "unrealized gains" in quarterly reports also. I wonder, is it a good thing that UCBI & JP Morgan have the use of this in common?

I wonder what other interesting accounting similarities there are between UCBI & JP Morgan, or perhaps Lehman Brothers?

[The M0untains V0ice]

Ref: http://www.wikiwealth.com/research:ucbi

Really interesting something I came across. Wiki Wealth has UCBI rated as a short term "SELL" RATING on the stock.

Their TARGET PRICE =$3.20!!!

...about a 60% drop from where it is today.

[The M0untains V0ice]

The M0untains V0ice wrote:

Interesting Decoupling from the Market shows UCBI in trouble.

UCBI is a member of the NASDAQ stocks. It is also a bank stock. Other bank stocks one might look to to get an idea of the sector might include:

Bank of America (BAC); Branch Bank & Trust (BBT); Synovus (SNV); or Suntrust (STI).........

The NASDAQ ended..... UP 2.04%
BAC ended.......... UP 2.99%
SNV ended.......... UP 2.01%
STI ended.......... UP 2.01%
BBT ended.......... UP 2.25%

UCBI???....... DOWN 0.28%

Today the market broke a huge week long tailspin. Banks led the charge with a JP Morgan breakout. Let's see how UCBI faired in comparison->

The NASDAQ ended..... UP 1.48%
BAC ended.......... UP 4.55%
SNV ended.......... UP 2.12%
STI ended.......... UP 4.25%
BBT ended.......... UP 2.34%

UCBI???....... UP 0.13%

For the record, UCBI stock gained 1 penny. Not a very bright showing on a day that saw massive upswings across the banking sector, and bank news dominated the headlines.

[Keith Stone II]

The M0untains V0ice wrote:

EXCERPT FROM: http://money.cnn.com/2012/07/11/investing/jpm...
"U.S. accounting rules allow banks to record a decrease in the value of its debt as a profit because they could theoretically buy the debt for a lower price and earn a return.
Another potential maneuver: in a low interest rate environment, banks can put securities, such as mortgage-backed bonds, up for sale and record what they would have earned from the sale as a profit even if there wasn't an actual transaction yet.
Dimon talked about booking $1 billion of such "nonrealized securities gains."
INTERESTING NOTE: You'll see UCBI reference "unrealized gains" in quarterly reports also. I wonder, is it a good thing that UCBI & JP Morgan have the use of this in common?
I wonder what other interesting accounting similarities there are between UCBI & JP Morgan, or perhaps Lehman Brothers?

Virtually every bank in the country has unrealized gains in its securities portfolio. Interest rates go down, which causes bond prices to go up, creating a gain. The gain is unrealized until the bond is sold. Unrealized gains are not booked as profits. There is no impact on earnings until the bond is actually sold.

[The M0untains V0ice]

Keith Stone II wrote:

<quoted text>
Virtually every bank in the country has unrealized gains in its securities portfolio. Interest rates go down, which causes bond prices to go up, creating a gain. The gain is unrealized until the bond is sold. Unrealized gains are not booked as profits. There is no impact on earnings until the bond is actually sold.

Thank you for taking the time to define "unrealized". I guess a synonym would be "un real", or "not real", or perhaps "made up BS designed to mislead when placed in Quarterly Statements."

"Creative Financing" is another current term, which replaces the old out of date term, "Cooking the Books".

"Spinning the Facts"
"Fakin the Numbers"
"Lying like a Dog"

Those are other terms used by us laymen, those not as educated in the terminology of the bankers and stock market pundits that utilize terms like "unrealized gains" in order to deflect attention from the real numbers.

I like this one.... Sooner or later the chickens always come home to roost. Lord I pray you let the night fall come.

[Keith Stone II]

The M0untains V0ice wrote:

<quoted text>
Thank you for taking the time to define "unrealized". I guess a synonym would be "un real", or "not real", or perhaps "made up BS designed to mislead when placed in Quarterly Statements."
"Creative Financing" is another current term, which replaces the old out of date term, "Cooking the Books".
"Spinning the Facts"
"Fakin the Numbers"
"Lying like a Dog"
Those are other terms used by us laymen, those not as educated in the terminology of the bankers and stock market pundits that utilize terms like "unrealized gains" in order to deflect attention from the real numbers.
I like this one.... Sooner or later the chickens always come home to roost. Lord I pray you let the night fall come.

I'm sorry, but you really have no idea of what you are talking about. This is standard accounting practice. Unrealized gains and losses are disclosed to give investors a better idea about the value of salable assets on a company's balance sheet. There's no trickery here. The ida is to provide information. Maybe you should learn some basic accounting. But where's the fun in that? A realistic explanation wouldn't fit with your story.