356801--3/31/2009--NATIONAL_CONSUMER_COOPERATIVE_BANK

related topics

{loss, insurance, financial}

{loan, real, estate}

{condition, economic, financial}

{regulation, change, law}

{product, market, service}

{tax, income, asset}

{debt, indebtedness, cash}

{system, service, information}

{financial, litigation, operation}

{control, financial, internal}

{personnel, key, retain}

Defaults in the repayment of loans may negatively impact NCB s business. NCB s decisions regarding credit risk could be inaccurate and its allowance for loan losses may be inadequate, which could materially and adversely affect NCB s business, financial condition, results of operations and future prospects. Additional loan losses will likely occur in the future and may occur at a rate greater than NCB has experienced to date. NCB may be called upon to fund letters of credit related to municipal bonds. Continued adverse developments in the financial markets and deterioration in global economic conditions could have a material adverse effect on NCB s results of operations and financial condition. NCB may not be able to attract and retain banking customers at current levels. NCB, FSB s deposit customers may pursue alternatives to deposits at its bank or seek higher yielding deposits causing NCB, FSB to incur increased funding costs. NCB s lines of business may be less diversified than its competitors. Financial services companies depend on the accuracy and completeness of information about customers and counterparties. The failure of other financial institutions could adversely affect NCB. Weakness in the real estate market, particularly in New York City, could negatively impact NCB s banking business. NCB s business is subject to interest rate risk and fluctuations in interest rates may adversely affect its earnings. Increases in interest rates may reduce demand for mortgage and other loans NCB engages in derivative transactions, which expose it to credit and market risk. Unexpected losses in future reporting periods may require NCB to adjust the valuation allowance against its deferred tax assets. NCB may be subject to a continuation of lower gains recorded from the sale of loans. NCB is subject to other-than-temporary impairment risk. Adverse credit market conditions may affect NCB s ability to meet liquidity needs. Prepayments of loans may negatively impact NCB s business. Inability of customers to refinance loans may negatively impact NCB s liquidity. NCB s cost of funds for banking operations may increase as a result of general economic conditions, interest rates and competitive pressures. NCB is subject to extensive regulation and its business is highly regulated which could limit or restrict activities and impose financial requirements or limitations on the conduct of business. NCB is subject to regulatory capital adequacy guidelines, and if it fails to meet these guidelines, its financial condition would be adversely affected. The financial services industry is undergoing rapid technological changes. If NCB is unable to adequately invest in and implement new technology-driven products and services, it may not be able to compete effectively, may be subject to interruption and instability or the cost to provide products and services may increase significantly. NCB s business continuity plans or data security systems could prove to be inadequate, resulting in a material interruption in, or disruption to, our business and a negative impact on its results of operations. NCB s controls and procedures may fail or be circumvented which could have a material adverse effect on its business, results of operations and financial condition. Environmental liability associated with commercial real estate lending could result in losses. New accounting pronouncements or interpretations may be issued by the accounting profession, regulators or other government bodies which could change existing accounting methods. Changes in accounting methods could negatively impact NCB s results of operations and financial condition.

Full 10-K form ▸

356801--3/31/2009--NATIONAL_CONSUMER_COOPERATIVE_BANK_/DC/