What am I missing?

Tennessee Valley Financial Holdings -- 10%+ ROE and trading below tangible book value as of 5/17/2026. Consistent high NIM for last four years and YTD 3/31/26 despite rate manipulation by Fed combined with consistent cost discipline despite inflation. Time deposit-dependent funding base but will likely ease COF in the near-to-midterm. Real risk is problem assets, which look to be improving although not moving much since 2024. Mgmt seems keen to work toward resolution vs take charge-offs. Attractive markets in and around Knoxville, TN. CEO is 75, so without succession in place, this is a viable M&A target.