Risk Factors Update Summary
- Commercial real estate values decreased, leading to increased regulatory scrutiny on exposure.
- Non-farm non-residential loans increased to $1.0 billion, comprising 39.3% of the total loan portfolio.
- Syndicated loans decreased to $52 million, with $23 million not shared, impacting total loans.
- Non-performing assets increased to $41 million, now representing 1% of total assets.
- Net interest income decreased to $84 million, with total noninterest income at $10 million.
- Service charges, commissions, and fees represented 28.7% of total noninterest income.
- The joint statement imposed a special assessment to recover losses from the resolution.
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=1408534&owner=exclude
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