Risk Factors Update Summary
- Bank failures negatively impacting stock price and depositor confidence, causing uncertainty.
- Unrest in Israel and the Middle East could escalate, causing financial market volatility.
- The company's loan portfolio consisted of approximately 75.8% commercial real estate loans.
- Financial impact from a pandemic may result in credit losses and reduced national economy.
- Loan portfolio composition changed, with commercial loans decreasing from 6% to 7%.
- Loan portfolio composition changed, with commercial real estate loans decreasing from 14% to 12%.
- Total exposure to the London Interbank offered rate decreased from $109.1 million to $1.5 million.
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=709337&owner=exclude
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