Company – Scrape Financial
Risk Factors Summary

Risk Factors Update Summary

  • A decrease in interest rates could lead to a significant decrease in net unrealized loss from $14 million to $11 million.
  • The company's net interest income and margin could be reduced due to a decrease in the general level of interest rates.
  • The company's residential real estate loans increased from $167 million to $224 million.
  • The company's commercial real estate loans outstanding increased from $904 million to $1.1 billion.
  • The company's allowance for loan credit losses decreased from $9 million to $6 million.
  • The company's dividend payment capacity increased from $52 million to $71 million.
  • The company extended its stock repurchase program by another $10 million.

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=1689731&owner=exclude

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