Risk Factors Update Summary
- Allowance for loan credit losses increased from 1.29% to 1.38%, affecting potential earnings.
- Commercial loans increased from $552 million to $737.9 million, impacting loan portfolio composition.
- Investment in the Fund decreased from $12.6 million to $10.6 million, affecting exposure.
- Multifamily loans decreased from $262.5 million to $348.2 million, affecting total loan portfolio.
- Nonperforming multifamily loan increased from $4 thousand to $10.9 million, impacting asset quality.
- Consumer loans decreased from $16.6 million to $14.5 million, impacting loan portfolio diversity.
- Weighted average age of loans increased, potentially impacting loan performance and risk assessment.
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=1531031&owner=exclude
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