Risk Factors Update Summary
- The Company's allowance for loan credit losses increased from $25.9 million to $36.1 million.
- Approximately 96% of loans were secured by real estate as of December 31, 2023.
- The Company's valuation reserve on a single available for sale security increased from $1.3 million to $1.9 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=920427&owner=exclude
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