Risk Factors Update Summary
- Loan portfolio decreased from $1.760 billion in 2022 to $1.369 million in 2023.
- Allowance for loan losses increased, potentially impacting net income, financial condition, and operations.
- Adoption of the current expected credit loss model (CECL) may impact earnings upon adoption.
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=765207&owner=exclude
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