Risk Factors Update Summary
- The allowance for credit losses increased from 0.99% to 1.16% of total loans and leases.
- Commercial real estate loans decreased from $1.542 billion to $1.7 billion, representing 63% to 59% of the portfolio.
- Commercial loans to businesses increased from $841 million to $1.106 billion, comprising 34% to 38% of the loan portfolio.
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=1521951&owner=exclude
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