Risk Factors Update Summary
- Commercial real estate loans currently comprise 84.7% of total loans and leases.
- Inflation remained elevated in 2023 and throughout 2022, with inflation levels rising sharply.
- The transition from LIBOR to another benchmark could impact the Federal Home Loan Bank of Boston and New York.
- Small to medium-sized businesses may face increased competition from financial technology companies.
- Adverse developments in the financial services industry could negatively affect financial condition and results.
- Commercial loans and leases may experience higher rates of late payment than residential mortgage loans.
- Changes in tax laws may impact the integration of acquired businesses and the accretiveness of acquisitions.
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=1049782&owner=exclude
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