Risk Factors Update Summary
- Accumulated other comprehensive loss decreased from $19 million to $2 million, positively impacting equity.
- Cash balances increased from $16.3 million to $16.4 million, providing additional liquidity.
- Cybersecurity threats evolved, with a material incident experienced, necessitating enhanced security measures.
- Non-performing loans decreased from $3.9 million to $2.5 million, improving asset quality.
- The provision for loan credit losses increased from $16 million to $17 million, reflecting higher risk.
- Total classified loans decreased from $37.9 million to $34.9 million, reducing risk exposure.
- Issued and outstanding shares decreased from 9,128,662 to 9,005,757, impacting ownership structure.
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=921183&owner=exclude
This content requires a 'Free' membership to view. Please create one here.
This content requires a 'Free' membership to view. Please create one here.