1179500--3/16/2009--COMMUNITY_FIRST

related topics

{stock, price, share}

{condition, economic, financial}

{cost, contract, operation}

{loan, real, estate}

{capital, credit, financial}

{acquisition, growth, future}

{operation, natural, condition}

{loss, insurance, financial}

{competitive, industry, competition}

{regulation, government, change}

{personnel, key, retain}

{tax, income, asset}

additional capital and further regulatory approvals which, if not obtained, could adversely impact our profitability and implementation of our current business plan We are geographically concentrated in the Middle Tennessee area and changes in local economic conditions could impact our profitability. We could sustain losses if our asset quality declines. An inadequate allowance for loan losses would reduce our earnings. Our business is subject to local real estate market and other local economic conditions. Liquidity needs could adversely affect our results of operations and financial condition. The enactment of the Emergency Economic Stabilization Act of 2008 and the American Recovery and Reinvestment Act of 2009 may not be able to stabilize the U.S. financial system or the economy and may significantly affect the Company s financial condition, results of operation or liquidity. Noncore funding represents a large component of our funding base. Our business strategy includes the continuation of 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. Competition from financial institutions and other financial service providers may adversely affect our profitability. If the federal funds rate remains at current extremely low levels, our net interest margin, and consequently our net earnings, may continue to be negatively impacted. Changes in interest rates could adversely affect our results of operations and financial condition. Our key management personnel may leave at any time. Events beyond our control may disrupt operations and harm operating results. We operate in a highly regulated environment and are supervised and examined by various federal and state regulatory agencies who may adversely affect our ability to conduct business. The Preferred Stock that we have issued to the U.S. Treasury impacts net income available to our common shareholders and our earnings per share. Holders of the Preferred Stock that we have issued to the U.S. Treasury have rights that are senior to those of our common shareholders. Holders of the Preferred Stock that we have issued to the U.S. Treasury may, under certain circumstances, have the right to elect two directors to our Board of Directors. Holders of the Preferred Stock that we issued to the U.S. Treasury have limited voting rights.

Full 10-K form ▸

1179500--3/16/2009--COMMUNITY_FIRST_INC