Risk Factors Update Summary
- Construction and land development loans increased from $27 million to $55 million.
- Commercial real estate loans increased from $111 million to $123 million.
- Total loan portfolio increased from $312 million to $357 million.
- Commercial and industrial loans decreased from $25 million to $16 million.
- Federal NOL carryforward decreased from $2 million to $1 million.
- Multi-family loans decreased from $24 million to $19 million.
- State NOL carryforward decreased from $3.8 million to $2.5 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=1850398&owner=exclude
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