Content analysis
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Constraining | ||
Legalese | ||
Litigous | ||
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H.S. sophomore Avg
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New words:
acknowledge, ACL, anticipatory, arrangement, authentication, bad, boy, Center, chaired, CIS, concept, content, Council, count, criterion, disaster, DSCR, explained, explanatory, explicit, explicitly, FFIEC, footprint, forma, GLBA, Handbook, hub, hypothetical, illustrative, implicitly, input, intake, intrusion, IQ, landlord, legislature, LLC, Los, Michigan, modernize, nonowner, nonrecourse, Notable, onboarding, paragraph, patch, Payzli, penetration, people, phishing, play, precluded, predominately, premium, prepayment, principle, pro, reciprocal, revert, role, scanning, scientific, seasoned, sharpen, shutdown, sovereign, springing, static, stored, stratified, stressing, swap, technical, threat, tolerance, Tool, unconditionally, unfunded, unlevered, user, vendor, withheld
Removed:
acquiror, advisory, affiliated, amounted, anniversary, approve, assisting, assume, aware, burden, cleaning, collecting, condo, delayed, deteriorating, distancing, enabled, escalation, expiring, Facilitation, fire, grace, gradually, hedge, hedging, improved, inception, indirectly, insignificant, interchange, land, LIBOR, magnitude, mandated, optional, OTTI, owed, parachute, phase, PPP, precautionary, prioritizing, prudential, relate, remained, repealed, responsibly, revision, riskier, safety, SBA, securitized, shortfall, significance, split, steadfast, stipulated, subsequently, supplemented, systematic, temporarily, top, Volcker, Welfare
Financial report summary
?Risks
- Because we intend to continue to increase our commercial loans, our credit risk may increase.
- We expect to increase our purchases or originations of consumer loans, and such loans generally carry greater risk than loans secured by owner-occupied, 1 – 4 family real estate, and these risks will increase as we continue to increase originations of these types of loans.
- A substantial majority of our loans and operations are in New York, and therefore our business is particularly vulnerable to a downturn in the New York City economy.
- If the allowance for credit losses is not sufficient to cover actual credit losses, earnings could decrease.
- The estimation of expected credit losses under current US GAAP may create volatility in earnings as compared to previous models which may have a material impact on its financial condition or results of operations.
- Our loan portfolio is unseasoned.
- We may not be able to adequately measure and limit the credit risk associated with our loan portfolio, which could adversely affect our profitability.
- We have recently experienced significant growth, which makes it difficult to forecast our revenue and evaluate our business and future prospects.
- A substantial portion of our business is dependent on the prospects of the legal industry and changes in the legal industry may adversely affect our growth and profitability.
- A lack of liquidity could adversely affect the Company’s financial condition and results of operations.
- We may incur losses related to our exposure to NFL consumer post-settlement loans through our equity method investment in a third party sponsored variable interest entity.
- As a business operating in the financial services industry, our business and operations may be adversely affected in numerous and complex ways by weak economic conditions.
- We may not be able to grow, and if we do we may have difficulty managing that growth.
- Our ten largest deposit clients account for 26.2% of our total deposits.
- Interest rate shifts may reduce net interest income and otherwise negatively impact our financial condition and results of operations.
- We are exposed to the risks of natural disasters and global market disruptions.
- We rely heavily on our management team and our business could be adversely affected by the unexpected loss of one or more of our officers.
- We are subject to certain operational risks, including, but not limited to, customer or employee fraud and data processing system failures and errors.
- We face risks related to our operational, technological and organizational infrastructure.
- A failure in our operational systems or infrastructure, or those of third parties, could impair our liquidity, disrupt our businesses, result in the unauthorized disclosure of confidential information, damage our reputation and cause financial losses.
- The occurrence of fraudulent activity, breaches or failures of our information security controls or cybersecurity-related incidents could have a material adverse effect on our business, financial condition and results of operations.
- If our risk management framework is not effective at mitigating risk and loss to us, we could suffer unexpected losses and our results of operations could be materially adversely affected.
- We operate in a highly competitive industry and face significant competition from other financial institutions and financial services providers, which may decrease our growth or profits.
- Our merchants or ISOs may be unable to satisfy obligations for which we may ultimately be liable.
- Fraud by merchants or others could have a material adverse effect on our business and financial condition.
- Changes in card network rules, standards or fees could adversely affect our business or operations.
- As a bank holding company, the sources of funds available to us are limited.
- Our business, financial condition, results of operations and future prospects could be adversely affected by the highly regulated environment and the laws and regulations that govern our operations, corporate governance, executive compensation and accounting principles, or changes in any of them.
- Federal regulators periodically examine our business, and we may be required to remediate adverse examination findings.
- We are subject to the Community Reinvestment Act and fair lending laws, and failure to comply with these laws could lead to material penalties.
- Monetary policies and regulations of the Federal Reserve could adversely affect our business, financial condition and results of operations.
- We face a risk of noncompliance and enforcement action with the Bank Secrecy Act and other anti-money laundering statutes and regulations.
- We could be adversely affected by the soundness of other financial institutions and other third parties we rely on.
- Changes in accounting standards could materially impact our financial statements.
- Our accounting estimates rely on analytics, models and assumptions, which may not accurately predict events.
- The Company’s stock price can be volatile.