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| related topics |
| {regulation, change, law} |
| {condition, economic, financial} |
| {loan, real, estate} |
| {stock, price, share} |
| {control, financial, internal} |
| {interest, director, officer} |
| {debt, indebtedness, cash} |
| {competitive, industry, competition} |
|
|
Risks Relating to Our Liquidity
The Company does not on its own have sufficient resources to satisfy its obligations and, therefore, we have substantial doubt about our ability to continue as a going concern.
The Company is in default on its line of credit, which is secured by the Bank s common stock.
Effect of Independent Registered Public Accounting Firm s Report with disclosure of going concern issue.
Risks Relating to Our Compliance with Applicable Regulatory Requirements, Regulatory Enforcement Actions and
Compliance with applicable regulatory requirements may have a material adverse effect on our business.
Other Risks Related to Our Business
Lack of profitable operations in recent periods could continue.
Changes in interest rates could have a material adverse effect on our financial condition and results of operations.
Difficult market conditions have adversely affected our industry.
Regional economic changes in the Company s markets have had and may continue to adversely impact results from operations.
There can be no assurance that enacted legislation or any proposed federal programs will stabilize the U.S. financial system.
Our loan portfolio is predominantly secured by real estate and thus we have risk from a further downturn in our real estate markets.
Losses on a few large loans or lending relationships can cause significant volatility in operations.
New or revised tax, accounting and other laws, regulations, rules and standards could significantly impact strategic initiatives, results of operations and financial condition.
Strong competition within our market area may limit profitability.
Risks Relating to Our Capital Stock
We do not anticipate declaring dividends for the foreseeable future.
Full 10-K form ▸
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