Content analysis
?Positive | ||
Negative | ||
Uncertain | ||
Constraining | ||
Legalese | ||
Litigous | ||
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H.S. sophomore Avg
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New words:
absent, accuracy, ahead, assumption, automatically, backup, BreakFree, cardholder, Chicagoland, collaborative, conferred, consent, devoted, discourage, eleven, Fed, footprint, hardware, mark, pendency, printing, proceeding, quickly, reseller, shrinkage, soliciting, stop, stopped, TBA, TCJ, trend, unchanged, unreasonably, usage, waiver, Wilmington, wind, winding, window
Removed:
accumulate, administrative, breach, brokering, bulk, carryforward, ceased, closed, complicated, conservatorship, consuming, continuation, deduction, delinquency, dilute, diminishing, eligibility, enhance, expenditure, expired, family, filing, frame, fulfill, generate, historically, Joint, occurring, opting, Pennsylvania, profitable, profitably, pursue, refinancing, relation, renovate, securitize, shared, steadily, stronger, supplementing, thirty, unknown
Financial report summary
?Risks
- We will remain subject to business uncertainties and contractual restrictions while the merger is pending.
- The merger agreement contains provisions that may discourage other companies from trying to acquire us for greater merger consideration.
- The loss of certain key personnel could negatively affect our operations.
- We are subject to information security, recovery, and other risks in connection with our use of technology.
- A substantial portion of our loan portfolio is secured by real estate. Deterioration in the real estate markets or other segments of our loan portfolio could lead to losses, which could have a material negative effect on our financial condition and results of operations.
- Repayment of our commercial loans and lease loans is often dependent on the cash flows of the borrower or lessee, which may be unpredictable, and the collateral securing these loans may fluctuate in value.
- Changes in economic conditions, particularly an economic slowdown in the Chicago area and State of Illinois, could hurt our business.
- Our allowance for loan and lease losses may prove to be insufficient to absorb losses in our loan portfolio.
- Conditions in the financial markets may limit our access to additional funding to meet our liquidity needs.
- Our wholesale funding sources may prove insufficient to replace deposits or support our future growth.
- Changes in interest rates may change the value of our mortgage servicing rights portfolio which may increase the volatility of our earnings and negatively impact regulatory capital.
- Changes in interest rates may reduce our net interest income, and may result in higher defaults in a rising rate environment.
- Negative developments in the financial industry could adversely affect our industry and our business.
- Fiscal challenges facing the U.S. government and the governments of other countries could have a material adverse impact on financial markets and economic conditions in the United States and worldwide, which could in turn have a material adverse effect on our liquidity, financial condition and results of operations.
- Certain hedging strategies that we use to manage investment in mortgage servicing rights, mortgage loans held for sale and interest rate lock commitments may be ineffective to offset any adverse changes in the fair value of these assets due to changes in interest rates and market liquidity.
- The discontinuation of our national residential mortgage origination business could adversely affect our results of operations.
- Our mortgage loan representation and warranty reserve for losses could be insufficient.
- Our operations rely on numerous external vendors.
- We are subject to certain risks in connection with our data management or aggregation.
- New or changing tax, accounting, and regulatory rules and interpretations could significantly impact strategic initiatives, results of operations, cash flows, and financial condition.
- New accounting standards may result in a significant change to the Company’s recognition of credit losses and may materially impact the Company’s financial condition or results of operations.
- Financial reform legislation has, among other things, tightened capital standards and resulted in new regulations that may increase our costs of operations.
- We are subject to federal and state fair lending laws, and failure to comply with these laws could lead to material penalties.
- Rulemaking changes implemented by the CFPB in particular are expected to result in higher regulatory and compliance costs that may adversely affect our financial condition and results of operations.
- Non-compliance with the USA PATRIOT Act, Bank Secrecy Act, Office of Foreign Asset Control ("OFAC"), or other laws and regulations could result in fines or sanctions.
- We provide treasury management services to money services businesses, which include check cashers, issuers/sellers of traveler’s checks, money orders and stored value cards, and money transmitters. Providing banking services to money service businesses exposes us to enhanced risks resulting from noncompliance with applicable laws and regulations.
- Prepaid card products and services are subject to extensive regulatory supervision that create significant compliance and operating costs, as well as the risk of data breaches.
- Significant legal actions could subject us to substantial liabilities.
- Our future success is dependent on our ability to compete effectively in the highly competitive banking industry.
- We may experience future goodwill impairment.
- The soundness of other financial institutions could negatively affect us.
- Any inaccurate assumptions in our analytical and forecasting models could cause us to miscalculate our projected revenue or losses, which could adversely affect the Company's statements of operations or financial condition.
- We rely on dividends from the Bank for substantially all of our revenue at the holding company level.
- Our charter contains a provision which could limit the voting rights of a holder of our common stock.
- Anti-takeover provisions could negatively affect our stockholders.
- Higher FDIC deposit insurance premiums and assessments could significantly increase our non-interest expense.