1285224--3/12/2009--WILSHIRE_BANCORP

related topics

{condition, economic, financial}

{stock, price, share}

{loss, insurance, financial}

{acquisition, growth, future}

{product, liability, claim}

{loan, real, estate}

{stock, price, operating}

{system, service, information}

{personnel, key, retain}

{investment, property, distribution}

{cost, regulation, environmental}

{provision, law, control}

{tax, income, asset}

{debt, indebtedness, cash}

{competitive, industry, competition}

If a significant number of clients fail to perform under their loans, our business, profitability, and financial condition would be adversely affected. Increases in our allowance for loan losses could materially affect our earnings adversely. Banking organizations are subject to interest rate risk and variations in interest rates may negatively affect our financial performance. Liquidity risk could impair our ability to fund operations, meet our obligations as they become due and jeopardize our financial condition. The profitability of Wilshire Bancorp is dependent on the profitability of the Bank. Wilshire Bancorp relies heavily on the payment of dividends from the Bank. The holders of recently issued debentures and Series A Preferred Stock have rights that are senior to those of our common shareholders. Adverse changes in domestic or global economic conditions, especially in California, could have a material adverse effect on our business, growth, and profitability. Recently negative development in the financial industry and U.S. and global credit markets may affect our operations and results. Governmental responses to recent market disruptions may be inadequate and may have unintended consequences. Our operations may require us to raise additional capital in the future, but that capital may not be available or may not be on terms acceptable to us when it is needed. The short-term and long-term impact of the new Basel II capital standards and the forthcoming new capital rules to be proposed for non-Basel II U.S. banks is uncertain. Maintaining or increasing our market share depends on market acceptance and regulatory approval of new products and services. Significant reliance on loans secured by real estate may increase our vulnerability to downturns in the California real estate market and other variables impacting the value of real estate. If we fail to retain our key employees, our growth and profitability could be adversely affected. We may be unable to manage future growth. Our expenses will increase as a result of increases in FDIC insurance premiums. We could be liable for breaches of security in our online banking services. Fear of security breaches could limit the growth of our online services. Our directors and executive officers beneficially own a significant portion of our outstanding common stock. The market for our common stock is limited, and potentially subject to volatile changes in price. We may experience goodwill impairment. We face substantial competition in our primary market area. Anti-takeover provisions of our charter documents may have the effect of delaying or preventing changes in control or management. We are subject to significant government regulation and legislation that increases the cost of doing business and inhibits our ability to compete. We could be negatively impacted by downturns in the South Korean economy. Additional shares of our common stock issued in the future could have a dilutive effect. Shares of our preferred stock previously issued and preferred stock issued in the future could have dilutive and other effects.

Full 10-K form ▸

1285224--3/12/2009--WILSHIRE_BANCORP_INC