Risk Factors Update Summary
- A decrease from 35% to 33% in goodwill as a percentage of shareholders' equity.
- Loan delinquencies may increase, potentially leading to a rise in problem assets and foreclosures.
- Elevated interest rates could negatively impact deposit growth, investments, and shareholders' equity.
- A decrease in low-cost deposits may impact the Bank's financial condition and results.
- Potential adverse impact on business, financial condition, and operations due to non-performing assets.
- Increased risk highlighted by federal regulators regarding commercial real estate loans.
- Changes in LIBOR methodology could have a material adverse effect on business, financial condition, and operations.
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=868671&owner=exclude
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