Risk Factors Update Summary
- Commercial real estate mortgage loans comprised approximately 46.2% of the loan portfolio in 2023.
- Commercial and industrial loans increased by 118.5% to $340.7 million in 2023.
- Municipal deposits amounted to $175.7 million as of December 31, 2023, impacting liquidity.
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=1436425&owner=exclude
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