1062438--12/12/2008--PULASKI_FINANCIAL

related topics

{loan, real, estate}

{acquisition, growth, future}

{tax, income, asset}

{personnel, key, retain}

{competitive, industry, competition}

{condition, economic, financial}

{capital, credit, financial}

{loss, insurance, financial}

{product, market, service}

{debt, indebtedness, cash}

{system, service, information}

{regulation, government, change}

High loan-to-value ratios on a significant portion of our residential mortgage and home equity line of credit portfolios expose us to greater risk of loss. The unseasoned nature of many loans in our commercial loan portfolio may result in errors in judging their collectability, which may lead to additional provisions or charge-offs, which would reduce our profits. Our allowance for loan losses may prove to be insufficient to absorb losses in our loan portfolio. If the value of real estate in the St. Louis and Kansas City metropolitan areas were to decline materially, a significant portion of our loan portfolio could become under-collateralized, which could have a material adverse effect on us. Our business is subject to the success of the local economy in which we operate. Recent negative developments in the financial industry and the domestic and international credit markets may adversely affect our operations and our stock price. An increase in interest rates may reduce our mortgage revenues, which would negatively impact our non-interest income. Fluctuations in interest rates could reduce our profitability and affect the value of our assets. If The Goodwill That We Recorded in Connection with a Business Acquisition Becomes Impaired, It Could Have a Negative Impact on Our Profitability. Our business strategy includes the continuation of significant growth plans, and our financial condition and results of operations could be negatively affected if we fail to grow or fail to manage our growth effectively. 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. Our wholesale funding sources may prove insufficient to replace deposits at maturity and support our future growth. The building of market share through our branching strategy could cause our expenses to increase faster than revenues. We are dependent upon the services of our management team. Our failure to continue to recruit and retain qualified loan originators could adversely affect our ability to compete successfully and affect our profitability. We operate in a highly regulated environment and we may be adversely affected by changes in laws and regulations. We are subject to security and operational risks relating to our use of technology that could damage our reputation and our business. Competition from financial institutions and other financial service providers may adversely affect our growth and profitability. We may have fewer resources than many of our competitors to invest in technological improvements. Our ability to service our debt, pay dividends and otherwise pay our obligations as they come due is substantially dependent on capital distributions from Pulaski Bank, and these distributions are subject to regulatory limits and other restrictions.

Full 10-K form ▸

1062438--12/12/2008--PULASKI_FINANCIAL_CORP