Risk Factors Update Summary
- Increase in commercial real estate and land development loans from $210.9 million to $231.7 million.
- Increase in non-owner occupied non-residential real estate loans from $67.9 million to $73.7 million.
- Increase in commercial real estate loan portfolio from $210.9 million to $231.7 million.
- Increase in multi-family residential real estate loans from $36.2 million to $40.9 million.
- Increase in commercial loans from $43.1 million to $47.9 million, representing 12.1% to 10.0% of the loan portfolio.
- Increase in owner-occupied non-residential real estate loans from $25.1 million to $31.2 million.
- Increase in loan participations purchased from $31.6 million to $34.8 million, representing 8.7% to 8.8% of total loans.
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=1847360&owner=exclude
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