Risk Factors Update Summary
- Commercial real estate loans increased from $6.79 billion to $6.96 billion, representing 68.5% to 73.3% of total loans.
- Concentrations in office buildings and retail industries pose risks with $1.3 billion (13%) and $1.2 billion (12%) exposure.
- Failure to address federal debt ceiling limitations may increase borrowing costs and affect securities valuation.
- Dodd-Frank Act compliance is crucial to avoid loan losses, litigation expenses, and delays in foreclosures.
- Downgrades in the U.S. credit rating could impact securities issued or guaranteed by the federal government.
- Changes in benchmark interest rates by the FRB may impact the company's products and services negatively.
- The Company's ability to successfully integrate acquired institutions is crucial for 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=1004702&owner=exclude
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