Risk Factors Update Summary
- Added risks related to liquidity: Potential inability to obtain needed liquidity could adversely affect business, profitability, and viability.
- Impact of rising interest rates: Decreased value of available-for-sale securities portfolio, resulting in significant unrealized losses.
- Climate-related risks emphasized by regulatory bodies: Increased expectations for measuring, monitoring, and managing climate-related risks.
- Enhanced supervisory expectations: Regulators likely to expect all banks to enhance internal control and risk management processes regarding climate change.
- Increased compliance costs: Adoption of new regulations or guidance may lead to higher compliance costs and risks.
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=708781&owner=exclude
This content requires a 'Free' membership to view. Please create one here.
This content requires a 'Free' membership to view. Please create one here.