1020347--3/30/2009--COMMUNITYCORP

related topics

{condition, economic, financial}

{acquisition, growth, future}

{loss, insurance, financial}

{capital, credit, financial}

{regulation, change, law}

{loan, real, estate}

{personnel, key, retain}

{system, service, information}

Recent negative developments in the financial industry and the domestic and international credit markets may adversely affect our operations and results. There can be no assurance that recently enacted legislation will help stabilize the U.S. financial system. Continuation of the economic downturn could reduce our customer base, our level of deposits, and demand for financial products such as loans. Our small- to medium-sized business target markets may have fewer financial resources to weather a continued downturn in the economy. We are exposed to changes in the regulation of financial services companies. The FDIC Deposit Insurance assessments that we are required to pay may materially increase in the future, which would have an adverse effect on our earnings and our ability to pay our liabilities as they come due. Our continued pace of growth may require us to raise additional capital in the future, but that capital may not be available when it is needed. We are exposed to the possibility of technology failure. Our recent operating results may not be indicative of our future operating results. Our decisions regarding credit risk and reserves for loan losses may materially and adversely affect our business. A significant portion of our loan portfolio is secured by real estate, and events that negatively impact the real estate market could hurt our business. Changes in prevailing interest rates may reduce our profitability. We are dependent on key individuals and the loss of one or more of these key individuals could curtail our growth and adversely affect our prospects. We are subject to extensive regulation that could limit or restrict our activities. Our continued growth may require us to raise additional capital in the future, but that capital may not be available when it is needed. We face strong competition for customers, which could prevent us from obtaining customers and may cause us to pay higher interest rates to attract customers. We will face risks with respect to future expansion and acquisitions or mergers.

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