Risk Factors Update Summary
- Market disruptions in banking in 2023 may lead to a significant increase in deposit outflows.
- Uninsured deposits decreased from 44% to 28% of total deposits, totaling $1.967 billion.
- Funding costs increased significantly in 2023, impacting net interest margin and financial flexibility.
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=1403475&owner=exclude
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