Risk Factors Update Summary
- Borrowed funds increased to $592.6 million compared to $485.9 million at December 31, 2022.
- Concentrations increased to 90% and 417% respectively as of December 31, 2023.
- Net unrealized losses decreased from $138.7 million to $121.7 million in the securities portfolio.
- The average duration of the securities portfolio decreased from 6.7 years to 6.2 years.
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=1166928&owner=exclude
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