Risk Factors Update Summary
- Concentrations with counterparties were added as a risk factor. This could lead to increased credit losses.
- Office CRE collateral types experiencing increased vacancy rates and declining property values could result in increased delinquencies and defaults.
- Loan balances in Utah, Idaho, Texas, and California changed from 71% to 69%, 70% respectively.
- The company's net deferred tax asset decreased from $1.1 billion to $1.0 billion.
- Regulatory proposals may increase the company's cost of capital and other financing costs.
- The company may face increased legal and compliance risks due to stresses on customers.
- The company's exposure to geopolitical conflicts and retaliatory measures may impact its business activities.
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=109380&owner=exclude
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