How to Buy at a Discount to Book a Bank

The bank has never earned 10% or more return equity in two consecutive years so net interest margin and loan loss reserves are pretty typical of the kind of thing that we're talking about. I don't know what the issues are but it seems like some sort of expense efficiency issues, insufficient scale could be the biggest problems now. There must have been problems with losses and stuff going back into the 2000s or 2012 period and actually making bad loans or something. It's just being able to generate an high enough return on equity which is why buying at a discount to book can be attractive.