Content analysis
?Positive | ||
Negative | ||
Uncertain | ||
Constraining | ||
Legalese | ||
Litigous | ||
Readability |
H.S. freshman Avg
|
New words:
BTFP, enhanced, favorable, FHLBNY, FRBNY, month, nontaxable, ongoing, par, payout, window
Removed:
authorization, FRB, Issuer
Financial report summary
?Risks
- Changes in economic conditions, in particular an economic slowdown in the markets we operate in, could materially and negatively affect our business.
- Inflationary pressures and rising prices may affect our results of operations and financial condition.
- Our stock price may be negatively impacted by unrelated bank failures and negative depositor confidence in depository institutions. Further, if we were unable to adequately manage our liquidity, deposits, capital levels and interest rate risk, which have come under greater scrutiny in light of recent bank failures, it may have a material adverse effect on our financial condition and results of operations.
- Severe weather could harm our business.
- Acts of terrorism, public health issues, and geopolitical and other external events could impact our ability to conduct business.
- Our inability to achieve profitability on new branches may negatively affect our earnings.
- We face intense competition from other financial services and financial services technology companies, and competitive pressures could adversely affect our business or financial performance.
- Changes in interest rates or the shape of the yield curve may adversely affect our profitability and financial condition.
- If our allowance for credit losses is not sufficient to cover actual loan losses, our earnings will decrease.
- A significant portion of our assets consists of investment securities, which generally have lower yields than loans, and we classify a significant portion of our investment securities as available for sale, which creates potential volatility in our equity and may have an adverse impact on our net income.
- Our commercial lending exposes us to additional risk.
- Our increased commercial business and construction loan originations exposes us to increased credit risk.
- We have a significant concentration in commercial real estate loans. If our regulators were to curtail our commercial real estate lending activities, our earnings, dividend paying capacity and/or ability to repurchase shares could be adversely affected.
- Income from secondary mortgage market operations is volatile, and we may incur losses with respect to our secondary mortgage market operations that could negatively affect our earnings.
- We may be required to record impairment charges with respect to our investment securities portfolio.
- Our investments in corporate and municipal debt securities, subordinated debt securities and collateralized loan obligations expose us to additional credit risks.
- Our reliance on wholesale funding could adversely affect our liquidity and operating results.
- Public funds deposits are a notable source of funds for us and a reduced level of those deposits may hurt our profits and liquidity position.
- Risks associated with system failures, service interruptions or other performance exceptions could negatively affect our earnings.
- Risks associated with cyber-security could negatively affect our earnings.
- While our Board of Directors takes an active role in cybersecurity risk tolerance, we rely to a large degree on management and outside consultants in overseeing cybersecurity risk management.
- We operate in a highly regulated environment and may be adversely affected by changes in federal and state laws and regulations.
- Changes to tax laws and regulations could adversely affect our financial condition or results of operations.
- We hold certain intangible assets, including goodwill, which could become impaired in the future. If these assets are considered to be either partially or fully impaired in the future, our earnings would decrease.
- We cannot guarantee that our allocation of capital to various alternatives, including stock repurchase plans, will enhance long-term stockholder value.
- Our acquisitions and the integration of acquired businesses, subject us to various risks and may not result in all of the cost savings and benefits anticipated, which could adversely affect our financial condition or results of operations.
- Because the nature of the financial services business involves a high volume of transactions, we face significant operational risks.
- Our risk management framework may not be effective in mitigating risk and reducing the potential for significant losses.
- We could be adversely affected by failure in our internal controls.
- The inability to attract and retain key personnel could adversely affect our business.