Risk Factors Update Summary
- Increased credit risk due to commercial, residential mortgage, and consumer loans, with a large percentage.
- The company may need to raise additional capital in the future for acquisitions and regulatory requirements.
- Commercial loans pose greater credit risk than residential mortgage and consumer loans due to borrower operations.
- Cybersecurity risks have increased due to potential cyber-attacks, technology reliance, and sensitive data handling.
- Higher credit risk from construction, land, and home equity loans compared to other mortgage loans.
- The company faces risks from acts of terrorism, war, or global conflicts impacting economic conditions.
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=706129&owner=exclude
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