Risk Factors Update Summary
- Expansion of lending sourcing channels, including residential mortgage channel, may increase underwriting and loan administration risks.
- Adverse economic conditions, including inflation, supply chain issues, and geopolitical risks, could significantly impact financial performance.
- Increased interest rates can lead to higher capitalization rates, affecting commercial property appraisals and valuation.
- Commercial real estate loans comprised approximately 49% of the loan portfolio as of December 31, 2023.
- Failure in risk management policies could lead to increased delinquencies and losses in the commercial real estate loan portfolio.
- Loss of key employees may disrupt customer relationships, potentially leading to a negative impact on business.
- Changes in interest rates can affect the demand for products, loan prepayments, asset values, and loan delinquencies.
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=1108134&owner=exclude
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