Risk Factors Update Summary
- Failure to manage risks related to new technologies could negatively impact the market price.
- Settlement with the DOJ involves providing $7.0 million in loan subsidies over five years.
- Inflation remained elevated in 2023 compared to 2021 and is expected to persist in 2024.
- Reductions in the value of deferred tax assets may adversely impact financial statements.
- Commercial loans decreased from 49% to 48% of the loan portfolio in 2023.
- Loss of accounts due to competition from financial technology companies may occur.
- Changes to LIBOR could impact the business, financial condition, and results of operations.
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=737468&owner=exclude
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