Risk Factors Update Summary
- Risks Related to Banking Industry Turmoil: Recent failures may reduce customer confidence, affect funding, liquidity, and increase regulatory costs.
- Commercial Real Estate Loans: Concentration in riskier commercial real estate loans may lead to increased defaults.
- Interest Rate Risk: Federal Reserve rate hikes from 4.75% to 5.50% in 2023 may impact competitiveness.
- Technology Investments: Larger competitors' substantial investments in technology may threaten market share.
- Cybersecurity Risks: Evolving cyber threats could compromise systems, leading to reputational harm and financial loss.
- Regulatory Impact: Regulatory actions may decrease service charge revenue from deposit accounts.
- Liquidity Risk: Unanticipated reductions in available liquidity may increase the Corporation's cost of funds.
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=810958&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.