Risk Factors Update Summary
- Enhancing ESG risk considerations into risk framework for strategic, credit, market, and operational risks.
- Monitoring potential climate risks through risk identification process and assessing impacts on company and customers.
- Decrease in junior subordinated debt from $133 million to $131 million.
- Reduction in Trust Preferred Securities from $130 million to $126 million.
- Increase in residential real estate loans from 56% to 57% of loan portfolio.
- Change in FDIC insurance premium calculation leading to increased premiums.
- Change from FDIC to WVDFI for review of allowance for credit losses.
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=203596&owner=exclude
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