787075--12/14/2007--FIRST_FINANCIAL_HOLDINGS_INC

related topics

{loan, real, estate}

{regulation, change, law}

{acquisition, growth, future}

{operation, natural, condition}

{stock, price, operating}

{system, service, information}

{condition, economic, financial}

{loss, insurance, financial}

{regulation, government, change}

{control, financial, internal}

{interest, director, officer}

{personnel, key, retain}

{competitive, industry, competition}

{debt, indebtedness, cash}

An investment in our common stock is subject to risks inherent in our business. Before making an investment decision, you should carefully consider the risks and uncertainties described below together with all of the other information included in this report. In addition to the risks and uncertainties described below, other risks and uncertainties not currently known to us or that we currently deem to be immaterial also may materially and adversely affect our business, financial condition and results of operations. The value or market price of our common stock could decline due to any of these identified or other risks, and you could lose all or part of your investment. Our business may be adversely affected by downturns in the local economies on which we depend or by natural disasters occurring in our market area that could adversely impact our results of operations and financial condition. Changes in interest rates could impact our financial condition and results of operations. Decreases in interest rates may adversely affect the value of our servicing asset. We are subject to risks in servicing loans for others. The fiscal and monetary policy of the federal government and its agencies could have a material adverse effect on our earnings. A decrease in the market for residential real estate could harm our revenues and profitability. Hurricanes and other natural disasters may adversely affect loan portfolios and operations and increase the cost of doing business. We rely on other companies to provide key components of our business infrastructure. Our real estate lending also exposes us to the risk of environmental liabilities. Our funding sources may prove insufficient to replace deposits and support our future growth. Terrorist activities could cause reductions in investor confidence and substantial volatility in real estate and securities markets. If our allowance for loan losses is not sufficient to cover actual loan losses, our earnings will decrease. We are exposed to credit risk in our lending activities. Regulation by federal and state agencies could adversely affect the business, revenue and profit margins. Competition with other financial institutions could adversely affect our profitability. Acquisitions may disrupt our business and adversely affect our operating results. Loss of key personnel may hurt our operations. Our accounting policies and methods are key to how we report financial condition and results of operations. They may require management to make estimates about matters that are uncertain. Our stock price can be volatile Our disclosure controls and procedures may not prevent or detect all errors or acts of fraud. We rely on dividends from subsidiaries for most of our revenue. Changes in accounting standards may affect our performance. Our Information systems may experience an interruption or breach in security.

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