1099980--3/30/2006--Epic

related topics

{loan, real, estate}

{condition, economic, financial}

{acquisition, growth, future}

{system, service, information}

{personnel, key, retain}

{competitive, industry, competition}

{debt, indebtedness, cash}

{cost, regulation, environmental}

{regulation, change, law}

The Company s inability to execute its business strategy could adversely affect its financial performance. The Company s new business locations could adversely affect its financial performance. There is strong competition in the Company s market area and the Company may be unable to increase its market share. The Company s multi-family residential and commercial real estate loans held for investment are relatively unseasoned, and defaults on such loans could adversely affect its financial condition and results of operations. The Company relies, in part, on external financing to fund its operations and the unavailability of such funds in the future could adversely affect its growth strategy and prospects. The Company s investment portfolio includes securities which are sensitive to interest rates and variations in interest rates may adversely affect its profitability. The Company may have difficulty managing its growth, which may divert resources and limit its ability to successfully expand its operations. Deterioration of local economic conditions could hurt the Company s profitability. Deterioration of real estate market could hurt the Company s and the Bank s performance We also have a concentration in higher risk commercial real estate loans. Environmental liability associated with commercial lending could result in losses The Company s business is subject to various lending risks which could adversely impact its results of operations and financial condition. Loan losses could hurt the Company s operating results. The Company relies heavily on technology and computer systems and computer failure could result in loss of business and adversely affect its earnings. Breach of information security and technology dependence could have a material adverse effect on the Company s and the Bank s business, financial condition, results of operations or liquidity. The Company s business strategy relies upon its Chief Executive Officer and other key employees. The Company s ability to service its debt, pay dividends, and otherwise pay its obligations as they come due is substantially dependent on capital distributions from the Bank, and these distributions are subject to regulatory limits and other restrictions. The Company is subject to extensive regulation which could adversely affect its business. Deterioration of bond and equity markets could hurt EWM s profitability.

Full 10-K form ▸

1099980--3/30/2006--Epic_Bancorp