Risk Factors Update Summary
- Increased credit risk with new loans and other loans added, potentially impacting financial results.
- Increased cybersecurity risks and breaches could have a material adverse effect on financial results.
- Changes in interest rates: Short-term rates expected to stabilize, potentially impacting net interest margin.
- Potential impact on net profits due to increased allowance for credit losses under CECL.
- Regulatory scrutiny and compliance costs are expected to increase, affecting profitability.
- Elevated interest rates may stabilize in the first half of 2024, affecting loan rates.
- Expansion into new markets may negatively impact operations due to various risks.
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=1115055&owner=exclude
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