1088144--3/6/2009--ROME_BANCORP

related topics

{loan, real, estate}

{condition, economic, financial}

{loss, insurance, financial}

{personnel, key, retain}

{control, financial, internal}

{provision, law, control}

{regulation, government, change}

{capital, credit, financial}

{stock, price, share}

Our loan portfolio includes loans with a higher risk of loss. If our allowance for loan losses is not sufficient to cover actual loan losses, our earnings could decrease. Due to our large capital position, our return on equity may be low compared to other companies. Because Rome Savings loans are concentrated in a small geographical area, recent downturns in the local and national economy may affect its profitability and future growth possibilities. Low demand for real estate loans may lower our profitability. We depend on our executive officers and key personnel to implement our business strategy and could be harmed by the loss of their services. If we fail to maintain an effective system of internal controls, we may not be able to accurately report our financial results or prevent fraud. As a result, current and potential stockholders could lose confidence in our financial reporting, which would harm our business and the trading price of our stock. We operate in a highly regulated environment and we may be adversely affected by changes in laws and regulations. The impact on us of recently enacted and proposed legislation and government programs to stabilize the financial markets cannot be predicted at this time. Competition in our primary market area may reduce our ability to attract and retain deposits and obtain loans. Changes in interest rates could adversely affect our results of operations and financial condition. Our certificate of incorporation, bylaws and certain laws and regulations may prevent transactions you might favor, including a sale or merger of Rome Bancorp.

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1088144--3/6/2009--ROME_BANCORP_INC