897861--3/16/2006--FIRST_STATE

related topics

{condition, economic, financial}

{loan, real, estate}

{regulation, change, law}

{cost, operation, labor}

{competitive, industry, competition}

{acquisition, growth, future}

Fluctuations in interest rates could reduce our profitability. We operate in a highly regulated environment; changes in federal and state laws and regulations and accounting principles may adversely affect us. Banking regulations may restrict our ability to pay dividends. Defaults in the repayment of loans may negatively affect our business. Environmental liability associated with commercial lending could result in losses. Competition with other financial institutions could adversely affect our profitability Our profitability depends significantly on local and overall economic conditions. Our small to medium-sized business customers may have fewer financial resources with which to weather a downturn in the economy. The Integration Process Could Disrupt Each Company s Ongoing Businesses. First State May Fail To Realize the Anticipated Benefits of the Acquisitions. An extended disruption of our vital infrastructure could negatively impact our operations, results and financial condition.

Full 10-K form ▸

897861--3/16/2006--FIRST_STATE_BANCORPORATION