1284506--3/19/2010--INTERMOUNTAIN_COMMUNITY

related topics

{stock, price, share}

{tax, income, asset}

{condition, economic, financial}

{financial, litigation, operation}

{loss, insurance, financial}

{acquisition, growth, future}

{regulation, government, change}

{loan, real, estate}

{regulation, change, law}

{personnel, key, retain}

{control, financial, internal}

{competitive, industry, competition}

{debt, indebtedness, cash}

{capital, credit, financial}

Our allowance for loan losses may not be adequate to cover actual loan losses, which could adversely affect our earnings. We have recently entered into an informal agreement with our regulators to take steps to further strengthen the Bank. We will pursue additional capital in the future, which could dilute the holders of our outstanding common stock and may adversely affect the market price of our common stock. We incurred a significant loss over the last fiscal year and losses may continue in the future. Concentration in real estate loans and the deterioration in the real estate markets we serve could require material increases in our allowance for loan losses and adversely affect our financial condition and results of operations. Non-performing assets take significant time to resolve and adversely affect our results of operations and financial condition. Our ability to receive dividends from our banking subsidiary accounts for most of our revenue and could affect our liquidity and ability to pay dividends. A continued tightening of credit markets and liquidity risk could adversely affect our business, financial condition and results of operations. The FDIC has increased insurance premiums and imposed special assessments to rebuild and maintain the federal deposit insurance fund, and any additional future premium increases or special assessments could have a material adverse effect on our business, financial condition and results of operations. If the goodwill recorded in connection with acquisitions becomes impaired, it could have an adverse impact on earnings and capital. We may be required, in the future, to recognize impairment with respect to investment securities, including the FHLB stock we hold. Our ability to access markets for funding and acquire and retain customers could be adversely affected by the deterioration of other financial institutions or if the financial service industry s reputation is damaged further. Recent levels of market volatility were unprecedented and we cannot predict whether they will return. We operate in a highly regulated environment and we cannot predict the effects of recent and pending federal legislation. Fluctuating interest rates could adversely affect our profitability. Fluctuations in interest rates on loans could adversely affect our business. We face strong competition from financial services companies and other companies that offer banking services. We may not be able to successfully implement our internal growth strategy. Certain built-in losses could be limited if we experience an ownership change, as defined in the Internal Revenue Code. Unexpected losses or our inability to successfully implement our tax planning strategies in future reporting periods may require us to establish a valuation allowance against our deferred income tax assets. Changes in accounting standards could materially impact our financial statements. The Preferred Stock diminishes the net income available to our common shareholders and earnings per common share. Holders of the Preferred Stock have certain voting rights that may adversely affect our common shareholders, and the holders of the Preferred Stock may have interests different from our common shareholders. Because of our participation in TARP, we are subject to restrictions on compensation paid to our executives. Because of our participation in TARP, we are subject to restrictions on our ability to repurchase our shares. Future acquisitions and expansion activities may disrupt our business and adversely affect our operating results. We may not be able to replace key members of management or attract and retain qualified relationship managers in the future. The market price of our stock can be volatile. We are subject to a variety of operational risks, including reputational risk, legal risk and compliance risk, and the risk of fraud or theft by employees or outsiders, which may adversely affect our business and results of operations.

Full 10-K form ▸

1284506--3/19/2010--INTERMOUNTAIN_COMMUNITY_BANCORP