Certain interest rate movements may hurt earnings and asset values.
We are exposed to credit risk in our lending activities.
If our allowance for loan losses is not sufficient to cover actual loan losses, our earnings could decrease.
A prolonged economic downturn, especially one affecting our geographic market area, will adversely affect our operations and financial results.
The Company operates in a highly regulated environment and may be adversely affected by changes in laws, regulations and tax policies.
The effects of the Tax Cuts and Jobs Act on our business has been fully analyzed and recorded.
Our ability to pay dividends is subject to regulatory limitations and other limitations which may affect our ability to pay dividends to our stockholders or to repurchase our common stock.
Changes in laws and regulations and the cost of regulatory compliance with new laws and regulations may adversely affect our operations and our income.
Our business could be adversely affected by third-party service providers, data breaches and cyber-attacks.
A failure in or breach of our operational or security systems or infrastructure, or those of third parties, could disrupt our businesses, and adversely impact our results of operations, liquidity and financial condition, as well as cause reputational harm.
Unauthorized disclosure of sensitive or confidential client or customer information, whether through a breach of our computer systems or otherwise, could severely harm our business.
We could suffer a material adverse impact from interruptions in the effective operation of, or security breaches affecting, our computer systems.
Consumers and businesses are increasingly using non-banks to complete their financial transactions, which could adversely affect our business and results of operations
Market volatility levels have experienced significant variations in recent years and a return to very high volatility levels could adversely affect us.
The soundness of other financial institutions could adversely affect us.
We are subject to claims and litigation pertaining to fiduciary responsibility and lender liability.
We may not be able to meet the cash flow requirements of our depositors or borrowers or meet our operating cash needs to fund corporate expansion and other activities.
New lines of business or new products and services may subject us to additional risks.
We may be subject to a higher effective tax rate if Trustco Realty Corp. (“Trustco Realty”) fails to qualify as a real estate investment trust (“REIT”).
The trust wealth management fees we receive may decrease as a result of poor investment performance, in either relative or absolute terms, which could decrease our revenues and net earnings.
Strong competition within the Bank’s market areas could hurt profits and slow growth.
We are dependent upon the services of our management team.
Provisions in our articles of incorporation and bylaws and New York law may discourage or prevent takeover attempts, and these provisions may have the effect of reducing the market price of our stock.
Changes in accounting standards could impact reported earnings.
Our disclosure controls and procedures may not prevent or detect all errors or acts of fraud.
The preparation of financial statements requires the use of estimates that may vary from actual results.
We rely on communications, information, operating and financial control systems, and technology from third-party service providers, and we may suffer an interruption in those systems that may result in lost business. Further, we may not be able to substitute providers on terms that are as favorable if our relationships with our existing service providers are interrupted.
If the business continuity and disaster recovery plans that we have in place are not adequate to continue our operations in the event of a disaster, the business disruption can adversely impact our operations.
The Company’s risk-management framework may not be effective in mitigating risk and loss.