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32.085 percent stock interest in Scottsbluff National Corp. was
$3,278,009 on September 30, 1986, and $3,530,454 on March 30,
1987.
3. Value of Kosman, Inc.’s Western National Bank Stock
Petitioner's expert and respondent's experts concluded that
the value of Kosman, Inc.'s 2,000 shares of Western National Bank
stock was as follows:
Value Of
Value Western
Valuation Per National
Expert Date Share Bank Stock
Petitioner’s 9/30/86 $46.00 $92,000
expert 3/31/87 70.63 141,260
Respondent's 9/30/86 76.50 153,000
experts 3/31/87 76.50 153,000
a. Petitioner’s Expert’s Estimate of the Value of Kosman,
Inc.'s Western National Bank Stock
Petitioner’s expert used two different methods to estimate
the value of Kosman, Inc.'s Western National Bank stock for each
valuation date. For September 30, 1986, petitioner’s expert said
that Lincoln Bank South in Lincoln, Nebraska, was comparable to
Western National Bank. However, petitioner's expert said that a
prospective buyer would substantially discount Western National
Bank's stock because Western National Bank had a high percentage
of nonperforming loans and Lincoln, Nebraska, had better economic
conditions.
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