764038--3/16/2007--SCBT_FINANCIAL

related topics

{loan, real, estate}

{regulation, change, law}

{condition, economic, financial}

{stock, price, share}

{loss, insurance, financial}

{acquisition, growth, future}

{cost, contract, operation}

{personnel, key, retain}

{cost, operation, labor}

{system, service, information}

{competitive, industry, competition}

{tax, income, asset}

Our net interest income may decline based on the interest rate environment. We are exposed to the possibility that more prepayments may be made by customers to pay down loan balances, which could reduce our interest income and profitability. We may not be able to adequately anticipate and respond to changes in market interest rates. Our estimated allowance for loan losses may be inadequate and an increase in the allowance would reduce earnings. We are exposed to higher credit risk by commercial real estate, commercial business, and construction lending. A significant portion of our loan portfolio is secured by real estate, and events that negatively impact the real estate market could hurt our business. Our business is predominately focused in one state, South Carolina, and adverse economic conditions in South Carolina could negatively impact results from operations and financial condition. We could experience a loss due to competition with other financial institutions. We are exposed to the possibility of technology failure. We are exposed to a possible loss of our employees and critical management team. We are exposed to a need for additional capital resources for the future and the fact that these capital resources may not be available when needed or at all. We are subject to extensive regulation that could restrict our activities and impose financial requirements or limitations on the conduct of our business and limit our ability to receive dividends from our bank subsidiaries. We are exposed to changes in the regulation of financial services companies. We are exposed to declines in the value of qualified pension plan assets or unfavorable changes in laws or regulations that govern pension plan funding, which could require us to provide significant amounts of funding for our qualified pension plan. We may decide to make future acquisitions, which could dilute current shareholders stock ownership and we may become more susceptible to adverse economic events. We may be exposed to difficulties in combining the operations of acquired entities into our own operations, which may prevent us from achieving the expected benefits from our acquisition activities. Our stock price may be volatile. The accuracy of our financial statements and related disclosures could be affected because we are exposed to conditions or assumptions different from the judgments, assumptions or estimates used in our critical accounting policies.

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764038--3/16/2007--SCBT_FINANCIAL_CORP