Risk Factors Update Summary
- "Adverse economic conditions could impact our business, especially in North Carolina. Recessionary conditions may lead to lower earnings."
- "Recessionary conditions could increase our loan losses by 15%, affecting our financial stability."
- "A significant portion of our business is in real estate loans, which are geographically diverse."
- "Our allowance for credit losses may be insufficient, impacting our ability to absorb future losses."
- "Changes in regulations could affect our financial condition and operations, especially regarding credit losses."
- "Cybersecurity incidents could disrupt operations and financial condition due to noncompliance risks."
- "Failure to keep pace with technological changes may lead to delays and expenses."
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=1093672&owner=exclude
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