1270985--9/13/2007--K-FED

related topics

{loan, real, estate}

{tax, income, asset}

{loss, insurance, financial}

{personnel, key, retain}

{regulation, government, change}

{capital, credit, financial}

{condition, economic, financial}

The Current Interest Rate Environment Has Had And Can Have An Adverse Effect On Our Net Interest Income. Our Loan Portfolio Possesses Increased Risk Due To Our Level Of Multi-Family Real Estate, Commercial Real Estate And Consumer Loans Which Could Increase Our Level Of Provision For Loan Losses. Future Changes in Interest Rates Could Reduce Our Net Interest Income. We Purchase A Large Percentage Of Our Real Estate Mortgage Loans From Third Parties And Our Net Income Would Be Negatively Affected If We Are Unable To Continue To Purchase These Loans. Our Loan Portfolio Possesses Increased Risk Due To Its Rapid Expansion, Unseasoned Nature And Amount Of Nonconforming Loans. If The Allowance For Loan Losses Is Not Sufficient To Cover Actual Losses, Net Income May Be Negatively Affected. We Depend On Our Management Team To Implement Our Business Strategy And Execute Successful Operations And We Could Be Harmed By The Loss Of Their Services. Strong Competition In Our Primary Market Area May Reduce Our Ability To Attract And Retain Deposits And Also May Increase Our Cost of Funds. Strong Competition In Our Primary Market Area May Reduce Our Ability To Obtain Loans And Also Decrease Our Yield On Loans. If Economic Conditions Deteriorate In Our Primary Market Of Southern California, Our Results Of Operations And Financial Condition Could Be Adversely Impacted As Borrowers Ability To Repay Loans Declines And The Value Of The Collateral Securing Loans Decreases. We Operate In A Highly Regulated Environment And May Be Adversely Affected By Changes In Laws And Regulations.

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1270985--9/13/2007--K-FED_BANCORP