Risk Factors Update Summary
- A rapid decrease in low-cost deposits could occur, leading to a decline in capital.
- Recent negative developments in the banking industry have eroded customer and investor confidence.
- Rising interest rates decreased the value of the securities portfolio by $47 million.
- The bank offers multi-million-dollar FDIC insured accounts, reducing uninsured deposits to $816 million.
- Challenges in the agricultural industry due to severe weather events may impact loan repayments.
- Competition for deposits has increased, resulting in higher costs and fiercer competition.
- Increased regulatory scrutiny and new regulations could impact the company's expenses and operations.
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=1130144&owner=exclude
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