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BANR on Nasdaq

BANNER CORP

In its 2026 annual report the company says: “The Bank is a regional bank that offers a wide variety of commercial banking services and financial products to individuals, businesses and public sector entities in its primary market areas. We continue to invest in our delivery platform across the franchise with a primary emphasis on strengthening our presence in the higher growth regions of our markets.”4 It is headquartered in Walla Walla, Washington.1 Its shares trade on Nasdaq under the symbol BANR.1

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Last updated Oct 21, 2026.

Overview

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  • TickerBANR on Nasdaq1
  • IndustryState Commercial Banks1
  • HeadquartersWalla Walla, Washington1
  • Incorporated inWA2
  • Business address10 S First Avenue, Walla Walla, Wa 993622
  • Filer categoryLarge accelerated filer2

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The Bank is a regional bank that offers a wide variety of commercial banking services and financial products to individuals, businesses and public sector entities in its primary market areas. The Bank’s primary business is that of traditional banking institutions — accepting deposits and originating loans in locations surrounding our offices in Washington, Oregon, California, Idaho, Utah and Nevada. The Bank is also an active participant in secondary loan markets, engaging in mortgage banking operations through the origination and sale of one- to four-family residential loans. Lending activities include commercial business and commercial real estate loans, agriculture business loans, construction, land and land development loans, one- to four-family residential loans, multifamily real estate loans, U.S. Small Business Administration (SBA) loans and consumer loans.4 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Deposit Account brought in 65% of the revenue BANNER CORP broke down this way in fiscal 2025.

  1. Deposit Account$25.4M565%up 3% from 2024
  2. Credit Card, Merchant Discount$13.5M535%up 1% from 2024
Products and services by year
Products and services202320242025
Deposit Account$22.5M$24.7M$25.4M
Credit Card, Merchant Discount$14.5M$13.4M$13.5M

Financial statements

Operating income67895$72.8M in 2025−11% since 2019
0$25.0M$50.0M$75.0M$100.0M2019: $81.9M$81.9M20192020: $98.6M$98.6M2020+20%2021: $96.4M$96.4M2021−2%2022: $75.3M$75.3M2022−22%2023: $44.4M$44.4M2023−41%2024: $66.9M$66.9M2024+51%2025: $72.8M$72.8M2025+9%
Net income67895$195.4M in 2025+34% since 2019
0$100.0M$200.0M$300.0M2019: $146.3M$146.3M20192020: $115.9M$115.9M2020−21%2021: $201.0M$201.0M2021+73%2022: $195.4M$195.4M2022−3%2023: $183.6M$183.6M2023−6%2024: $168.9M$168.9M2024−8%2025: $195.4M$195.4M2025+16%

Every line of the income statement as filed: the last 3 fiscal years, latest first.5

Period ending2025-12-312024-12-312023-12-31
Loans receivable$702.0M$655.6M$577.9M
Mortgage-backed securities$61.0M$66.1M$72.4M
Securities and cash equivalents$41.9M$44.4M$51.3M
Total interest income$805.0M$766.1M$701.6M
Deposits$200.8M$199.5M$100.1M
FHLB advances$5.8M$8.9M$10.5M
Other borrowings$2.8M$4.3M$3.4M
Subordinated debt$7.7M$11.7M$11.5M
Total interest expense$217.0M$224.4M$125.6M
Net interest income$587.9M$541.7M$576.0M
Provision for Loan, Lease, and Other Losses$13.0M$7.6M$10.8M
Interest Income (Expense), after Provision for Loan Loss, Total$574.9M$534.1M$565.2M
Deposit fees and other service charges$43.2M$43.4M$41.6M
Mortgage banking operations$13.2M$12.2M$11.8M
Bank Owned Life Insurance Income$10.2M$9.2M$9.2M
Miscellaneous$7.2M$8.3M$5.2M
Other operating income$73.8M$73.1M$67.9M
Net gain (loss) on sale of securities$374.0K-$5.2M-$19.2M
Net change in valuation of financial instruments carried at fair value-$1.4M-$982.0K-$4.2M
Total non-interest income$72.8M$66.9M$44.4M
Salary and employee benefits$260.7M$250.6M$244.6M
Less capitalized loan origination costs-$17.2M-$16.9M-$16.3M
Occupancy and equipment$48.7M$48.8M$47.9M
Information and computer data services$33.1M$29.2M$28.4M
Payment and card processing services$23.9M$22.5M$20.5M
Professional and legal expenses$9.5M$7.9M$9.8M
Advertising and marketing$4.7M$5.1M$4.8M
Deposit insurance$11.3M$11.4M$10.5M
State and municipal business and use taxes$6.3M$5.6M$5.3M
Real estate operations, net$491.0K$293.0K-$538.0K
Amortization of core deposit intangibles$1.6M$2.6M$3.8M
Miscellaneous$25.7M$24.4M$23.7M
Total non-interest expense$408.8M$391.5M$382.5M
Income before provision for income taxes$238.9M$209.5M$227.1M
Income Tax Expense (Benefit)$43.5M$40.6M$43.5M
NET INCOME$195.4M$168.9M$183.6M
Basic (in dollars per share)$5.67$4.90$5.35
Diluted (in dollars per share)$5.64$4.88$5.33
Cumulative dividends declared per common share (in dollars per share)$1.94$1.92$1.92
Basic34.5M shares34.5M shares34.3M shares
Diluted34.7M shares34.6M shares34.5M shares

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Corporate structure

BANNER CORP sits at the top of its group. 7 entities, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of BANNER CORP

  • BANNER CORP Walla Walla, Washington
    • Banner Bank Subsidiary · Washington, United States
    • Banner Capital Trusts V, VI, and VII Subsidiary · Delaware, United States
    • Community Financial Corporation Subsidiary · Oregon, United States
    • Greater Sacramento Bancorp Statutory Trust II Subsidiary · Delaware, United States
    • Mission Oaks Statutory Trust I Subsidiary · Delaware, United States
    • Springer Development, LLC Subsidiary · Washington, United States

Built from subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What BANNER CORP reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Land$25.5M5 Dec 31, 2025$25.6M5 Dec 31, 2024−0.6%
Buildings and improvements$136.8M5 Dec 31, 2025$144.5M5 Dec 31, 2024−5.3%
Furniture and fixtures$147.2M5 Dec 31, 2025$147.6M5 Dec 31, 2024−0.3%
Property and equipment, before depreciation$309.5M5 Dec 31, 2025$317.7M5 Dec 31, 2024−2.6%
Accumulated depreciation$197.9M5 Dec 31, 2025$193.1M5 Dec 31, 2024+2.5%
Property and equipment, net$111.5M5 Dec 31, 2025$124.6M5 Dec 31, 2024−10.5%
Operating-lease assets (leased space)$32.7M5 Dec 31, 2025$40.0M5 Dec 31, 2024−18.2%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$422.6M5 Dec 31, 2025$501.9M5 Dec 31, 2024−15.8%
Debt securities available for sale$2.0B5 Dec 31, 2025$2.1B5 Dec 31, 2024−4.2%
Debt securities held to maturity$961.5M5 Dec 31, 2025$1.0B5 Dec 31, 2024−4.0%
Deposits held (banks)$13.7B5 Dec 31, 2025$13.5B5 Dec 31, 2024+1.7%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$373.1M5 Dec 31, 2025$373.1M5 Dec 31, 20240%

Properties, in its own words

Banner maintains its administrative offices and main branch office, which is owned by us, in Walla Walla, Washington. As of December 31, 2025, we have 135 branch offices located in Washington, Oregon, California, and Idaho. Geographically, we have 65 branches located in Washington, 31 in Oregon, 30 in California and 9 in Idaho. Of these branch locations, approximately 58% are owned and 42% are leased facilities. In addition to the branch network, we also operate 15 loan production offices, seven of which are located in Washington, four in California, and one in each state of Oregon, Idaho, Utah and Nevada. All loan production offices are leased facilities. The lease terms for our branch and loan production offices are not individually material. Lease expirations range from three months to 14 years. Administrative support offices are primarily in Washington, where we have eight facilities, of which we own two and lease six. Additionally, we have one leased administrative support office in Idaho and three administrative support offices in Oregon, two owned and one leased. In the opinion of Management, all properties are adequately covered by insurance, are in a good state of repair and are appropriately designed for their present and future use.

Item 2 of the 10-K filed Feb 25, 2026.4

Leadership

Who has led BANNER CORP, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. D. Michael Jones2006–2010
  2. Mark J. Grescovich2010–now

Chair

  1. Gary Sirmon2007

President

  1. D. Michael Jones2006–2010
  2. Michael K. Larsen2008–2009
  3. Mark J. Grescovich2010–now

Chief financial officer

  1. Lloyd W. Baker2011
2010201520202025
Board members and other officers (61)

Subsidiaries and ownership

Subsidiaries (Exhibit 21)

  • Banner Bank Washington3
  • Banner Capital Trusts V, VI, and VII Delaware3
  • Community Financial Corporation Oregon3
  • Greater Sacramento Bancorp Statutory Trust II Delaware3
  • Mission Oaks Statutory Trust I Delaware3
  • Springer Development, LLC Washington3

The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

Former names

  • FIRST WASHINGTON BANCORP INC /WA/Aug 14, 1998 to Mar 30, 20002
  • FIRST SAVINGS BANK OF WASHINGTON BANCORP INCOct 15, 1996 to May 6, 19982

Timeline

  1. Sep 1, 20268-K Regulation FD disclosure; Other events79
  2. Aug 17, 20268-K Other events80
  3. Aug 13, 20268-K Other events81
  4. Aug 3, 20268-K Other events82
  5. Jul 22, 20268-K Results of operations; Regulation FD disclosure; Other events83
  6. May 22, 20268-K Shareholder vote84
  7. May 1, 20268-K Entered a material agreement; Regulation FD disclosure85
  8. Apr 22, 20268-K Results of operations; Regulation FD disclosure; Other events86
  9. Mar 2, 20268-K Executive or director change87
  10. Jan 21, 20268-K Results of operations; Regulation FD disclosure; Other events88
  11. Oct 15, 20258-K Results of operations; Regulation FD disclosure; Other events89
  12. Sep 18, 20258-K Code of ethics changed90
  13. Sep 9, 2010New chief executive Mark J. Grescovich becomes CEO13
  14. Jan 12, 2006New chief executive D. Michael Jones becomes CEO14

Calendar

Coming up

  1. Oct 21, 2026 · After the closeReports results for the quarter ending Sep/2026 A year earlier it reported $1.52 a share, on Oct 15, 2025.91

When it reported results

  1. Jul 22, 2026Reported quarterly or annual results83
  2. Apr 22, 2026Reported quarterly or annual results86
  3. Jan 21, 2026Reported quarterly or annual results88
  4. Oct 15, 2025Reported quarterly or annual results89
  5. Jul 16, 2025Reported quarterly or annual results92
  6. Apr 16, 2025Reported quarterly or annual results93
  7. Jan 22, 2025Reported quarterly or annual results94
  8. Oct 16, 2024Reported quarterly or annual results95

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

532 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 46 major events, 415 insider forms, 22 large holders, 29 other. The latest 20:

  1. Sep 15, 20264 PRIMARY DOCUMENT EDGAR
  2. Sep 14, 2026144 EDGAR
  3. Sep 10, 2026144 EDGAR
  4. Sep 10, 20264 PRIMARY DOCUMENT EDGAR
  5. Sep 4, 20263 PRIMARY DOCUMENT EDGAR
  6. Sep 1, 20268-K EDGAR
  7. Aug 17, 20268-K EDGAR
  8. Aug 13, 20268-K EDGAR
  9. Aug 4, 202610-Q EDGAR
  10. Aug 3, 20268-K EDGAR
  11. Aug 3, 20264 PRIMARY DOCUMENT EDGAR
  12. Aug 3, 20264 PRIMARY DOCUMENT EDGAR
  13. Jul 22, 20268-K EDGAR
  14. Jul 20, 2026425 EDGAR
  15. Jun 29, 2026144 EDGAR
  16. Jun 17, 2026424B3 EDGAR
  17. Jun 16, 2026EFFECT EDGAR
  18. Jun 15, 2026CORRESP EDGAR
  19. Jun 15, 2026S-4/A EDGAR
  20. Jun 15, 20264 PRIMARY DOCUMENT EDGAR

The 532 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

11 open-market trades by officers, directors and large owners since October 2021: 5 buys and 6 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Nov 6, 2024McLean James P.G.Executive VP, Banner BankSale1,500$75.63$113.4KForm 4
Dec 6, 2023McLean James P.G.Executive VP, Banner BankSale1,733$50.04$86.7KForm 4
Jun 15, 2023HERENCIA ROBERTO RDirectorBuy313$46.24$14.5KForm 4
Jun 13, 2023HERENCIA ROBERTO RDirectorBuy667$45.77$30.5KForm 4
May 8, 2023Pedersen John ClarenceDirectorBuy1,000$44.79$44.8KForm 4
Apr 26, 2023Riordan Kevin FDirectorBuy268$48.92$13.1KForm 4
Aug 25, 2022McLean James P.G.Executive VP, Banner BankSale1,250$62.50$78.1KForm 4
May 2, 2022HERENCIA ROBERTO RDirectorBuy1,800$54.73$98.5KForm 4
Mar 14, 2022JOHNSON KENNETH WILLIAMExecutive VP, Banner BankSale2,900$61.50$178.3KForm 4
Jan 31, 2022MATSON DAVID IDirectorSale1,738$61.06$106.1KForm 4
Nov 15, 2021McLean James P.G.Executive VP, Banner BankSale1,000$61.88$61.9KForm 4

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Executive pay

What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.

YearExecutiveAgeSalaryTotal pay
2025Mark J. GrescovichPresident and Chief Executive Officer61$949.8K$3.6M104
2025James M. CostaExecutive Vice President and Chief Operating Officer57$519.8K$1.9M104
2025Robert G. ButterfieldExecutive Vice President and Chief Financial Officer57$497.5K$1.3M104
2025Mark C. BorreccoExecutive Vice President and Chief Banking Officer54$496.4K$1.3M104
2025Cynthia D. PurcellExecutive Vice President and Chief Strategy and Administration Officer68$464.3K$1.2M104
2024Mark J. GrescovichPresident and Chief Executive Officer61$1.2M$2.3M104
2024Cynthia D. PurcellExecutive Vice President and Chief Strategy and Administration Officer68$452.1K$1.6M104
2024James M. CostaExecutive Vice President and Chief Operating Officer57$471.6K$1.2M104
2024Robert G. ButterfieldExecutive Vice President and Chief Financial Officer57$426.5K$1.1M104
2023Mark J. GrescovichPresident and Chief Executive Officer61$893.5K$3.0M104
2023Cynthia D. PurcellExecutive Vice President and Chief Strategy and Administration Officer68$436.8K$1.5M104
2023James M. CostaExecutive Vice President and Chief Operating Officer57$421.4K$962.0K104
2023Robert G. ButterfieldExecutive Vice President and Chief Financial Officer57$337.4K$797.4K104

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
BlackRock, Inc.4,944,139$328.5M0.0%−55,401
Vanguard Portfolio Management LLC2,257,463$150.0M0.0%−7,696
Dimensional Fund Advisors LP2,210,539$146.9M0.0%+33,469
State Street Corp2,004,132$133.2M0.0%+134,886
Vanguard Capital Management LLC1,474,168$97.9M0.0%−50,368
Charles Schwab Investment Management Inc1,320,449$87.7M0.0%+102,883
Geode Capital Management, LLC905,159$60.2M0.0%+42,830
Wellington Management Group Llp903,281$60.0M0.0%−119,190
American Century Companies Inc862,089$57.3M0.0%+197,093
Manufacturers Life Insurance Company, The753,986$50.1M0.0%−151,467
Nuveen, LLC697,729$46.4M0.0%−21,779
Victory Capital Management Inc662,759$44.0M0.0%−119,614
Millennium Management LLC500,749$33.3M0.0%−44,719
Northern Trust Corp469,412$31.2M0.0%+24,403
Qube Research & Technologies Ltd435,298$28.9M0.0%+138,837
Basswood Capital Management, L.l.c.411,033$27.3M1.2%+2,169
Deprince Race & Zollo Inc377,911$25.1M0.4%−97,441
William Blair Investment Management, LLC363,197$24.1M0.1%−50,769
Morgan Stanley339,532$22.6M0.0%+49,439
Raymond James Financial Inc339,028$22.5M0.0%−4,892
Fisher Asset Management, LLC332,241$22.1M0.0%+299
Two Sigma Investments, LP323,292$21.5M0.0%−89,008
Bank of New York Mellon Corp308,674$20.5M0.0%+4,248
Aberdeen Group plc288,496$19.2M0.0%−26,580
Goldman Sachs Group Inc274,848$18.3M0.0%+31,443

13F reports cover disclosed long positions in U.S. stocks only.

SEC filer profile

How BANNER CORP is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARBANNER CORP1
  • CIK0000946673
  • Employer ID (EIN)91-16916044
  • Filer statusLarge accelerated filer not an emerging growth company; not a smaller reporting company; not a shell company4
  • Incorporated inWashington4
  • Fiscal year endsDecember 311
  • Industry code (SIC)6022 State Commercial Banks1
  • SEC reviewing officeOffice of Finance, Division of Corporation Finance1
  • Business address10 S First Avenue, Walla Walla, WA 993621
  • Phone509-527-36361
  • Shares outstanding33,984,909 as of Jul 31, 202611
  • Public float$2.2B as of Jun 30, 20254
  • AuditorBaker Tilly US, LLP, Portland, Oregon PCAOB ID 23; it also attests to the company’s internal control over financial reporting4
  • On EDGAR sinceJun 11, 19961
  • Filings2,933 in all: 4 (2,118), 8-K (298), 10-Q (91), SC 13G/A (74), 3 (52), DEF 14A (32), SC 13G (28), 10-K (24)1
    All 47 form types

    4/A (20), EFFECT (17), CORRESP (15), UPLOAD (15), 5 (10), S-3 (10), 425 (9), S-4 (9), S-4/A (9), S-8 (9), 10-K/A (7), 10-K405 (7), 144 (7), 424B3 (7), PRE 14A (6), DEFA14A (5), SC 13D/A (5), SCHEDULE 13G/A (5), 424B5 (4), 8-K/A (4), ARS (4), FWP (4), SCHEDULE 13G (4), 10-Q/A (3), S-3/A (3), SC 13D (3), POS AM (2), S-3ASR (2), 3/A (1), 424B2 (1), 424B4 (1), DEFM14A (1), NT 10-K (1), PREM14A (1), RW (1), S-1 (1), S-3D (1), S-3MEF (1), S-4 POS (1)

  • Latest filingsAnnual report (10-K) Feb 25, 2026
    Quarterly report (10-Q) Aug 4, 2026
    Proxy statement (DEF 14A) Apr 6, 2026
    Latest 8-K (8-K) Sep 1, 2026

Securities registered for trading

ClassSymbolExchange
Common Stock, par value $.01 per shareBANRThe NASDAQ Stock Market LLC

From the cover page of the 10-K filed Feb 25, 2026 (Section 12(b) of the Exchange Act).4

Risk factors and legal proceedings

The risks BANNER CORP names in Item 1A of its 10-K filed Feb 25, 2026: 32 risks under these headings, as written.4

  • Risks Related to Macroeconomic Conditions
  • Our business may be adversely affected by downturns in the national economy and the regional economies on which we depend.
  • Monetary policy, inflation, deflation, and other external economic factors could adversely impact our financial performance and operations.
  • Risks Related to Credit and Lending
  • Our loan portfolio includes loans with a higher risk of loss.
  • Our business may be adversely affected by credit risk associated with residential property and declining property values.
  • Our allowance for credit losses on loans may not be sufficient to absorb losses in our loan portfolio, which would cause our results of operations, liquidity and financial condition to be adversely affected.
  • Risks Related to Merger and Acquisition Strategy
  • Our strategy of supplementing internal growth through acquisitions of other financial companies or their assets and liabilities, could be adversely affected by risks associated with such acquisitions.
  • Our goodwill may become impaired.
  • Risks Related to Market and Interest Rate Changes
  • Our results of operations, liquidity and cash flows are subject to interest rate risk.
The other 24 risks
  • Our securities portfolio may be negatively impacted by fluctuations in market value and interest rates.
  • An increase in interest rates, change in the programs offered by secondary market purchasers or our ability to qualify for their programs may reduce our mortgage banking revenues, which would negatively impact our non-interest income.
  • Certain hedging strategies that we use to manage investment in mortgage loans held for sale and interest rate lock commitments may be ineffective to offset any adverse changes in the fair value of these assets due to changes in interest rates and market liquidity.
  • Risks Related to Regulatory, Legal and Compliance
  • Potential Impact of Regulatory Changes on Corporate Governance and Risk Management
  • New or changing tax, accounting, and regulatory rules and interpretations could significantly impact strategic initiatives, results of operations, cash flows, and financial condition.
  • Climate change and related legislative and regulatory initiatives may materially affect the Company’s business and results of operations.
  • Non-compliance with the USA PATRIOT Act, Bank Secrecy Act, or other laws and regulations could result in fines or sanctions and limit our ability to obtain regulatory approval of acquisitions.
  • If our enterprise risk management framework is not effective at mitigating risk and loss to us, we could suffer unexpected losses, and our results of operations could be materially adversely affected.
  • Our business and financial results could be impacted materially by adverse results in legal proceedings.
  • Risks Related to Cybersecurity, Data and Fraud
  • We are subject to certain risks in connection with our use of technology.
  • Our current and future uses of Artificial Intelligence (AI) and other emerging technologies may create additional risks.
  • We are subject to certain risks in connection with our data management or aggregation.
  • Our business may be adversely affected by an increasing prevalence of fraud and other financial crimes.
  • Risks Related to Our Business and Industry Generally
  • Ineffective liquidity management could adversely affect our financial results and condition.
  • Benefits of strategic initiatives may not be realized.
  • Development of new products and services may impose additional costs on us and may expose us to increased operational risk.
  • We are dependent on key personnel and the loss of one or more of those key personnel may materially and adversely affect our prospects.
  • We rely on other companies to provide key components of our business infrastructure.
  • Any inaccurate assumptions in our analytical and forecasting models could cause us to miscalculate our projected revenue or losses, which could adversely affect us.
  • Increasing scrutiny and evolving expectations from clients, regulators, investors, and other stakeholders with respect to our governance practices may impose additional costs on us or expose us to new or additional risks.
  • Risks Related to Holding Our Common Stock
  • Our growth or future losses may require us to raise additional capital in the future, but that capital may not be available when it is needed, or the cost of that capital may be exceedingly high.
  • We rely on dividends from the Bank for substantially all our revenue at the holding company level.
  • Our articles of incorporation contain a provision which could limit the voting rights of a holder of our common stock.
  • Anti-takeover provisions could negatively affect our shareholders.

Legal proceedings

In the normal course of our business, we have various legal proceedings and other contingent matters pending. These proceedings and the associated legal claims are often contested and the outcome of individual matters is not always predictable. Furthermore, in some matters, it is difficult to assess potential exposure because the legal proceeding is still in the pretrial stage. These claims and counter claims typically arise during the course of collection efforts on problem loans or with respect to actions to enforce liens on properties in which we hold a security interest, although we also are subject to claims related to employment matters. Claims related to employment matters may include, but are not limited to, claims by our employees of discrimination, harassment, violations of wage and hour requirements, or violations of other federal, state, or local laws and claims of misconduct or negligence on the part of our employees. Some or all of these claims may lead to litigation, including class action litigation, and these matters may cause us to incur negative publicity with respect to alleged claims. Our insurance may not cover all claims that may be asserted against us, and any claims asserted against us, regardless of merit or eventual outcome, may harm our reputation. Should the ultimate judgments or settlements in any litigation exceed our insurance coverage, they could have a material adverse effect on our financial condition and results of operation for any period. The ultimate outcome of these legal proceedings could be more or less than what we have accrued. We are not a party to any pending legal proceedings that we believe would have a material adverse effect on our financial condition, operations or cash flows.

The opening of Item 3, Legal Proceedings.4

Sources

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  64. 64
  65. 65
  66. 66
  67. 67
  68. 68
  69. 69
  70. 70
  71. 71
  72. 72
  73. 73
  74. 74
  75. 75
  76. 76
  77. 77
  78. 78
  79. 79
  80. 80
    SEC EDGAROther events
  81. 81
    SEC EDGAROther events
  82. 82
    SEC EDGAROther events
  83. 83
  84. 84
  85. 85
  86. 86
  87. 87
  88. 88
  89. 89
  90. 90
  91. 91
  92. 92
  93. 93
  94. 94
  95. 95
  96. 96
  97. 97
  98. 98
  99. 99
  100. 100
  101. 101
  102. 102
  103. 103
  104. 104