726990--3/4/2010--AMERICANWEST

related topics

{loan, real, estate}

{loss, insurance, financial}

{tax, income, asset}

{competitive, industry, competition}

{condition, economic, financial}

{regulation, change, law}

{capital, credit, financial}

{regulation, government, change}

{cost, contract, operation}

{debt, indebtedness, cash}

{acquisition, growth, future}

{stock, price, share}

{personnel, key, retain}

{stock, price, operating}

The Company may not be able to continue to operate as a going concern The Company is required to raise additional capital, but that capital may not be available. Difficult market conditions have adversely affected the financial services industry. The Company s liquidity could be impaired by an inability to access the capital markets or an unforeseen outflow of cash. Most of the Company s assets are loans, which if not repaid would result in losses to the Bank. The Bank has a significant concentration in real estate loans and continued deterioration in the economy of the markets served or the real estate market specifically could significantly harm its business and prospects for growth. The allowance for credit losses may not be adequate to cover actual losses. A substantial amount of the Company s real property collateral is located in Central and Eastern Washington and Utah and a further downturn in the real estate markets or prolonged recessionary climate could harm the Company s business If the Bank is not able to reduce nonperforming assets and the related losses being recognized, the Bank s ability to continue as a going concern becomes doubtful. The Company may be subject to additional regulatory enforcement action that could place significant restrictions on the Company s operations. The Company s common stock will likely no longer qualify for listing on the NASDAQ Global Select Market after March 14, 2010. Conditions in the financial markets may limit the Company s access to additional funding to meet liquidity needs. The Bank s wholesale funding sources and balance sheet liquidity may prove insufficient to replace deposits at maturity or withdrawal The Company s business is subject to interest rate risk, and variations in interest rates may harm financial performance. If the Company s foreclosed assets are not properly valued or sufficiently reserved to cover actual losses, or if the Company is required to increase its valuation reserves, it could suffer additional losses. The Company has continuing losses and continuing volatility in quarterly results. Increases in deposit insurance premiums and special FDIC assessments will reduce the Company s earnings. The Bank s investment in FHLB stock may become impaired. The Company faces strong competition from financial services companies and other companies that offer banking services, which could harm business. The Bank is unable to pay the holding company cash dividends to meet its cash obligations. Federal and state governments could pass legislation responsive to current credit conditions. The value of securities in the investment securities portfolio may be negatively affected by continued disruptions in securities markets. Recent legislative and regulatory initiatives to support the financial services industry have been coupled with numerous restrictions and requirements that could detrimentally affect the Company s business and require the Company to raise additional capital. Supervisory guidance on commercial real estate concentrations could restrict the Company s activities and impose financial requirements or limitations on the conduct of our business. The Company is dependent on key personnel and the loss of one or more of those key personnel may harm prospects. The Company is exposed to risk of environmental and other liabilities with respect to properties to which it takes title. Changes in accounting standards may impact how the Company reports its financial condition and results of operations.

Full 10-K form ▸

726990--3/4/2010--AMERICANWEST_BANCORPORATION