1. Intervest BancsharesIntervest Bancshares ( IBCA) of New York has seen its stock decline 8% year-to-date, closing at $2.70 Wednesday. The shares traded for 0.3 times their June 30 tangible book value of $7.91, according to SNL Financial. Intervest had $2.1 billion in total assets as of June 30, operating through its main office in New York and six branches in Pinellas County, Fla. The company owes $25 million in TARP money and has deferred its last seven dividend payments to the government. Intervest's tangible common equity ratio was 8.15% as of June 30, according to SNL. The company reported second-quarter net earnings available to common shareholders of $2.5 million, or 12 cents a share, compared to a net loss of $51.9 million, or $6.02 a share, during the second quarter of 2010, when Intervest recorded an $87.5 million provision for loan losses. During the most recent quarter, the provision was $742,000. The company's nonperforming assets ratio was 3.96% as of June 30 according to SNL, increasing from 3.58% a year earlier. Sandler O'Neill analyst Michael Sarcone rates Intervest a buy. The shares trade for six times the analysts' 2012 earnings estimate of 46 cents a share. -- Written by Philip van Doorn in Jupiter, Fla. To contact the writer, click here: Philip van Doorn. To follow the writer on Twitter, go to http://twitter.com/PhilipvanDoorn.