883758--3/31/2009--GRAYSON_BANKSHARES

related topics

{condition, economic, financial}

{competitive, industry, competition}

{capital, credit, financial}

{loss, insurance, financial}

{loan, real, estate}

{acquisition, growth, future}

{regulation, change, law}

Difficult market conditions have adversely affected our industry. Current levels of market volatility are unprecedented. The soundness of other financial institutions could adversely affect us. There can be no assurance that recently enacted legislation will stabilize the U.S. financial system. The impact on us of recently enacted legislation, in particular the Emergency Economic Stabilization Act of 2008 and American Recovery and Reinvestment Act of 2009 and their implementing regulations, and actions by the FDIC, cannot be predicted at this time. We may not be able to successfully manage our growth or implement our growth strategies, which may adversely affect our results of operations and financial condition. We may incur losses if we are unable to successfully manage interest rate risk. We may be adversely affected by economic conditions in our market area. The subprime mortgage crisis and its impact on credit markets may negatively affect our business. Our concentration in loans secured by real estate may increase our credit losses, which would negatively affect our financial results. If our allowance for loan losses becomes inadequate, our results of operations may be adversely affected. Our future success is dependent on our ability to compete effectively in the highly competitive banking industry. Our profitability and the value of your investment may suffer because of rapid and unpredictable changes in the highly regulated environment in which we operate. The costs of being a public company are proportionately higher for small companies like us due to the requirement of the Sarbanes-Oxley Act.

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883758--3/31/2009--GRAYSON_BANKSHARES_INC