The top 10 stocks among the 108 stocks in the community bank index fund have total assets ranging from $11.24 billion to $26.91 billion. All 10 have minimal exposures to C&D loans with ratios to risk-based capital between just 1.8% and 29.4%, where exposures above 100% face FDIC scrutiny. The CRE to risk-based capital ranges from just 2.1% to 488.0%. Two banks have overexposures to CRE loans vs. the regulatory guidelines of 300%of risk-based capital. The CRE loan pipelines are between 42.2% and 75.3%, which is a positive as ratios of 80% and above are deemed too risky. One of the stocks in todays table has been upgraded to buy from hold this morning. All others have hold ratings. The upgraded stock is 3.7% undervalued, while six are overvalued by 20.7% to 53%. All 10 have double-digit gains of 11.2% to 81.2% over the last 12 months. Nine of 10 are trading above their 200-day simple moving averages, which reflect the risk of reversion to the mean.