Risk Factors Update Summary
- Loan portfolio decreased from $4.53 billion to $4.64 billion, impacting credit risk exposure.
- Commercial real estate loans increased from 75.9% to 90.0% of total loans.
- Cybersecurity enhancements and reliance on third-party vendors pose operational risks and reputational harm.
- Changes in fair value of debt securities may impact stockholders' equity and net income.
- Potential dilution of share ownership due to anti-takeover laws could hinder acquisition prospects.
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=1109242&owner=exclude
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