Risk Factors Update Summary
- Fitch Ratings downgraded the U.S. long-term credit rating from AAA to AA+, affecting global economic conditions.
- The addition of risks related to commercial real estate loans, including exposure to credit risk and market volatility.
- Expanded risks related to liquidity, short-term funding, and operational problems impacting net interest income.
- The percentage of loans with collateral primarily in Oklahoma decreased from 16% to 14%.
- Increased emphasis on risks from remote work models affecting commercial real estate market and loan defaults.
- The disclosure now highlights risks from regulatory changes in healthcare, impacting service payments.
- Enhanced disclosure on risks associated with fraud, including sophisticated attempts and potential financial impacts.
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=875357&owner=exclude
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