1354835--3/28/2007--Boardwalk_Bancorp

related topics

{loan, real, estate}

{loss, insurance, financial}

{tax, income, asset}

{personnel, key, retain}

{condition, economic, financial}

{cost, operation, labor}

We depend primarily on net interest income for our earnings rather than fee income. Changes in interest rates may adversely affect our earnings and financial condition. Most of our loans are commercial loans, which have a higher degree of risk than other types of loans. Most of our loans are secured, in whole or in part, with real estate collateral which is subject to declines in value. The concentration of our commercial loans in specific business sectors and geographic areas exposes us to the risk of a possible economic downturn affecting those sectors and areas. We have incurred and expect to continue to incur significant expenses in connection with our branch expansion. Loss of our key personnel or an inability to hire and retain qualified personnel could adversely affect our business. If we experience loan losses in excess of our allowance, our earnings will decrease. Competition from other financial institutions in originating loans and attracting deposits may adversely affect our profitability.

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1354835--3/28/2007--Boardwalk_Bancorp_Inc