Risk Factors Update Summary
- Oil price per barrel decreased from $78 to $76, and natural gas price per million BTU decreased from $4.48 to $2.51.
- Debit card interchange fees will be reduced by approximately $23 million annually.
- Oil and gas loans increased from 66% to 67% of the loan portfolio.
- Debit card interchange revenue decreased from 26% to 20% of noninterest income.
- Oil and gas loans further increased to 69% of the loan portfolio.
- NSF fees decreased from 14% to 15% of noninterest income.
- Beneficial ownership of outstanding common stock decreased from 75% to 55%.
Full Text Changes in Most Recent 10-K
Intended use: review the highlighted statements. These are additions to the risk factors disclosure in the most recent 10-K filing compared to the previous 10-K filing. Deleted and moved text is less important and is shown for context.
To view the full company filings, click on the following link to be taken to the SEC EDGAR database landing page for the company: https://www.sec.gov/edgar/browse/?CIK=760498&owner=exclude
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