Content analysis
?Positive | ||
Negative | ||
Uncertain | ||
Constraining | ||
Legalese | ||
Litigous | ||
Readability |
H.S. sophomore Avg
|
New words:
abetted, add, affirmed, aided, al, allege, alleged, Basel, breached, captioned, cautiously, CBLR, Chancery, conforming, consent, consummated, Court, customary, deadline, defend, depositary, Division, Docket, earlier, enjoin, Exhibit, fiduciary, foregoing, fulfillment, Hammerhead, lawsuit, merge, NASDAQ, notified, OceanFirst, OCFC, omitted, opt, organization, Parshall, Paul, pending, preliminary, proxy, purported, putative, requisite, rescission, rescissory, rural, Superior, unspecified, vigorously
Removed:
historic
Financial report summary
?Risks
- Our dependence on loans secured by real estate subjects us to risks relating to fluctuations in the real estate market and related interest rates, and to bank regulations that could result in significant additional costs and capital requirements, which could adversely affect our financial condition and results of operations.
- Our commercial real estate and commercial loans expose us to increased credit risks, and these risks will increase if we succeed in increasing these types of loans.
- Our financial condition and results of operations could be adversely affected if our allowance for loan losses is not sufficient to absorb actual losses or if we are required to increase our allowance.
- Changes in tax laws could have an adverse effect on the Company, the banking industry, the Bank’s customers, the value of collateral securing loans and demand for loans.
- Negative developments in the financial services industry and the U.S. and global credit markets may adversely impact our operations and results.
- The effects of another Superstorm Sandy or similar natural disaster may negatively impact collateral values or loan originations in the areas in which we do business.
- The Company’s profitability depends significantly on local economic conditions.
- The small to medium-sized businesses that the Company lends to may have fewer resources to weather a downturn in the economy, which may impair a borrower’s ability to repay a loan to the Company that could materially harm the Company’s operating results.
- Changes in interest rates could reduce our income, cash flows and asset values.
- Competition may decrease our growth or profits.
- We rely on our management and other key personnel, and the loss of any of them may adversely affect our operations.
- We may be adversely affected by government regulation.
- The short-term and long-term impact of our regulatory capital requirements is uncertain and could adversely affect us.
- We depend upon the accuracy and completeness of information about customers.
- Our information systems may experience an interruption or breach in security.
- We face the risk of cyber-attack to our computer systems.
- We rely on third parties to provide key components of our business infrastructure, and a failure of these parties to perform for any reason could disrupt our operations.
- Environmental liability associated with lending activities could result in losses.
- Failure to implement new technologies in our operations may adversely affect our growth or profits.
- We are subject to liquidity risk.
- Future offerings of debt or other securities may adversely affect the market price of our stock.
- The Company may lose lower-cost funding sources.
- Changes in consumers’ use of banks and changes in consumers’ spending and saving habits could adversely affect the Company’s financial results.
- The Company is subject to operational risk.
- Negative publicity could damage our reputation and adversely impact our business and financial results.
- Our SBA lending program is dependent upon the federal government and we face specific risks associated with originating SBA loans.
- New lines of business or new products and services may subject the Bank to additional risks.
- The FASB has recently issued an accounting standard update that will result in a significant change in how we recognize credit losses and may have a material impact on our financial condition or results of operations.
- The increasing use of social media platforms presents new risks and challenges and the inability or failure to recognize, respond to, and effectively manage the accelerated impact of social media could materially adversely impact the Bank’s business.
- Uncertainty about the future of LIBOR, and its accepted alternatives, may adversely affect our business.
Management Discussion
- Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations.
- Note 1 to our audited consolidated financial statements contains a summary of the Company’s significant accounting policies. Management believes the following critical accounting policies encompass the more significant judgments and estimates used in the preparation of our consolidated financial statements.
- Allowance for Loan Losses. Management believes our policy with respect to the methodology for the determination of the allowance for loan losses (“ALLL”) involves a high degree of complexity and requires management to make difficult and subjective judgments which often require assumptions or estimates about highly uncertain matters. Changes in these judgments, assumptions or estimates could materially impact the results of operations. This critical policy and its application are reviewed quarterly with our audit committee, Board of Directors and management.