Risk Factors Update Summary
- The company may face challenges in maintaining REIT qualification due to liquidation of assets.
- The interest coverage ratio threshold reverted from 1.30 to 1.0 to 1.40 to 1.0.
- Cyberattacks on governments, financial markets, and businesses could disrupt operations, networks, and financial performance.
- The U.S. Federal Reserve increased the target federal funds rate by 525 basis points.
- Amendments to SEC rules and data privacy legislation may impact cybersecurity risk management.
- The company may experience losses if the allowance for loan losses proves inadequate.
- Changes in loan loss allowances, valuation of assets, and compliance with REIT requirements.
- The company's reserves for loan losses are subject to material estimates and may prove inadequate.
- The company may face risks related to environmental liabilities from foreclosed properties.
- The company's operations are at risk of disruption due to cyberattacks and operational 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=1630472&owner=exclude
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