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i've got a few notes on FBC, in no particular or well organized order:

*growing number of banking branches and shrinking number of mortgage loan centers.

*banking operations should reduce volatility of earnings. earnings from banking ops has been growing quickly, but not a quickly as mortgage ops have been declining.

*banking ops contributed 76% to net earnings in most recent Q.

*ROE has been declining from a high of ~40% (IIRC) to ~15% in the most recent Q.

*has ~5% dividend yield.

*the Hammond family (Thomas, Mark, Janet, & brother-in-laws) own about a third of outstanding shares.

i've owned FBC since 2002 and should probably know more about them than i do.

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