Risk Factors Update Summary
- Loan portfolio composition changed with commercial real estate loans decreasing from 61.7% to 57.8%.
- Total loans decreased from $3.4 billion to $3.6 billion, with commercial loans decreasing from 27% to 23%.
- Allowance for credit losses increased from $38 million to $43 million, now 0.88% of total loans.
- Net interest income sensitivity changed to slightly asset sensitive, potentially affecting profitability.
- Total deposits decreased from $636 million to $657 million, now comprising 12.5% of total deposits.
- Investment securities portfolio fair value decreased from $890 million to $879 million.
- Common stock issued and outstanding increased from 313 million to 393 million shares.
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=1624322&owner=exclude
This content requires a 'Free' membership to view. Please create one here.
This content requires a 'Free' membership to view. Please create one here.