Sign in

CCB on Nasdaq

COASTAL FINANCIAL CORP

COASTAL FINANCIAL CORP is an American state commercial bank that raised $20 million in 2022 (SEC Form D).1 It is headquartered in Everett, Washington.1 Its shares trade on Nasdaq under the symbol CCB.1

Price unavailable

Last updated Oct 21, 2026.

Overview

Compare with another stock.

  • TickerCCB on Nasdaq1
  • IndustryState Commercial Banks1
  • HeadquartersEverett, Washington1
  • Incorporated inWA2
  • Business address5415 Evergreen Way, Everett, Wa 982032
  • Filer categoryLarge accelerated filer2
  • Legal formCorporation

See how the biggest companies compare on our leaderboards

Coastal Financial Corporation (“Company”) is a registered bank holding company, whose wholly owned subsidiaries are Coastal Community Bank (“Bank”) and Arlington Olympic LLC (“LLC”). The Company is a Washington state corporation that was organized in 2003. The Bank was incorporated and commenced operations in 1997 and is a Washington state-chartered commercial bank and Federal Reserve System (“Federal Reserve”) member bank. The LLC was formed in 2019 and owns the Company’s Arlington branch, which the Bank leases from the LLC. Our executive offices are located at 5415 Evergreen Way, Everett, Washington 98203, and our telephone number is (425) 257-9000. Our website addresses are www.coastalbank.com and www.ccbx.com. Information on our website should not be considered a part of this Annual Report on Form 10-K.3 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

BaaS Indemnification Income brought in 85% of the revenue COASTAL FINANCIAL CORP broke down this way in fiscal 2025.

  1. BaaS Indemnification Income$195.7M485%down 31% from 2024
  2. BaaS Program Income$29.5M413%up 47% from 2024
  3. Interchange Income$1.8M41%down 10% from 2024
  4. Financial Service, Other$1.3M41%up 86% from 2024
  5. Deposit Account Other$1.0M40%down 0% from 2024
  6. Merchant Service Fees$495.0K40%up 2% from 2024
  7. Deposit Account Overdraft Fees$207.0K40%up 5% from 2024
Products and services by year
Products and services202320242025
BaaS Indemnification Income$184.9M$282.7M$195.7M
BaaS Program Income$13.2M$20.1M$29.5M
Interchange Income$2.2M$2.0M$1.8M
Financial Service, Other$323.0K$692.0K$1.3M
Deposit Account Other$967.0K$1.1M$1.0M
Merchant Service Fees$498.0K$487.0K$495.0K
Deposit Account Overdraft Fees$213.0K$198.0K$207.0K

Business segments

Indemnifications brought in 87% of the revenue COASTAL FINANCIAL CORP broke down this way in fiscal 2025.

  1. Indemnifications$195.7M487%down 31% from 2024
  2. Baa S Program Fees$29.5M413%up 47% from 2024
Business segments by year
Business segments202320242025
Indemnifications$184.9M$282.7M$195.7M
Baa S Program Fees$13.2M$20.1M$29.5M

Financial statements

Net income56784$47.0M in 2025+256% since 2019
0$20.0M$40.0M$60.0M2019: $13.2M$13.2M20192020: $15.1M$15.1M2020+15%2021: $27.0M$27.0M2021+78%2022: $40.6M$40.6M2022+50%2023: $44.6M$44.6M2023+10%2024: $45.2M$45.2M2024+1%2025: $47.0M$47.0M2025+4%

Every line of the income statement as filed: the last 3 fiscal years, latest first.4

Period ending2025-12-312024-12-312023-12-31
Interest and fees on loans$397.6M$372.0M$304.3M
Interest on interest earning deposits with other banks$29.0M$21.3M$15.3M
Interest on investment securities$2.5M$3.1M$3.2M
Dividends on other investments$531.0K$435.0K$387.0K
Total interest income$429.6M$396.8M$323.2M
Interest on deposits$116.9M$120.9M$89.0M
Interest on borrowed funds$2.6M$2.8M$2.6M
Total interest expense$119.6M$123.7M$91.6M
Net interest income$310.1M$273.0M$231.6M
PROVISION FOR CREDIT LOSSES$192.6M$277.6M$184.0M
Net interest income/(expense) after provision for credit losses$117.4M-$4.6M$47.6M
Service charges and fees$3.6M$3.7M$3.9M
Loan referral fees$0$168.0K$683.0K
Gain on sales of loans, net$0$0$253.0K
Unrealized gain (loss) on equity securities, net-$414.0K$27.0K$279.0K
Other income$3.3M$1.5M$884.0K
Noninterest income, excluding BaaS program income and BaaS indemnification income$6.5M$5.5M$6.0M
Total noninterest income$231.6M$308.2M$204.1M
Salaries and employee benefits$85.8M$69.9M$66.5M
Occupancy$4.0M$3.9M$4.2M
Data processing and software licenses$23.5M$15.5M$9.3M
Legal and professional expenses$20.3M$15.5M$14.8M
Point of sale expense$350.0K$325.0K$481.0K
Excise taxes$2.9M$1.2M$2.0M
"Federal Deposit Insurance Corporation (""FDIC"") assessments"$3.2M$2.9M$2.5M
Director and staff expenses$2.7M$2.1M$2.2M
Marketing$631.0K$162.0K$517.0K
Other expense$7.5M$6.5M$5.2M
Noninterest expense, excluding BaaS loan and BaaS fraud expense$150.7M$117.9M$107.7M
BaaS loan and fraud expense$137.1M$128.4M$86.9M
Total noninterest expense$287.8M$246.3M$194.6M
Income before provision for income taxes$61.2M$57.3M$57.1M
PROVISION FOR INCOME TAXES$14.3M$12.1M$12.6M
NET INCOME$47.0M$45.2M$44.6M
Basic earnings per common share (in usd per share)$3.12$3.35$3.36
Diluted earnings per common share (in usd per share)$3.06$3.26$3.27
Basic (in shares)15.1M shares13.5M shares13.3M shares
Diluted (in shares)15.4M shares13.9M shares13.6M shares

Compare COASTAL FINANCIAL CORP with another company

Corporate structure

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

Major holders of COASTAL FINANCIAL CORP

  • COASTAL FINANCIAL CORP Everett, Washington

Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What COASTAL FINANCIAL 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
Property and equipment, before depreciation$51.1M4 Dec 31, 2025$44.1M4 Dec 31, 2024+15.9%
Accumulated depreciation$21.8M4 Dec 31, 2025$16.7M4 Dec 31, 2024+30.7%
Property and equipment, net$29.3M4 Dec 31, 2025$27.4M4 Dec 31, 2024+6.9%
Operating-lease assets (leased space)$4.8M4 Dec 31, 2025$5.2M4 Dec 31, 2024−7.6%

Investments

ItemLatestA year beforeChange
Stakes in other companies (equity method)$1.5M4 Dec 31, 2025$910.0K4 Dec 31, 2024+64.8%
Loans, net of allowance$3.6B4 Dec 31, 2025$3.3B4 Dec 31, 2024+8.2%
Deposits held (banks)$4.1B4 Dec 31, 2025$3.6B4 Dec 31, 2024+15.6%

Intangibles and goodwill

ItemLatestA year beforeChange
Intangible assets, net (excluding goodwill)$4.5M4 Dec 31, 2025$04 Dec 31, 2024

Properties, in its own words

Our corporate headquarters is located at 5415 Evergreen Way, Everett, WA 98203. In addition to our corporate headquarters, which includes our Evergreen branch, we operated 13 other branch offices as of December 31, 2025 for our community bank and CCBX segments. Twelve of our branches are located in Snohomish County and two of our branches are located in neighboring counties (one in King County and one in Island County), and we have one loan production office in King County. We own our corporate headquarters and five of our other branch offices and lease the remainder of our branch offices. The leases, excluding renewal periods, on our branch offices expire in 2026 through 2044. We believe that these facilities and additional or alternative space available to us are adequate to meet our needs for the foreseeable future.

Item 2 of the 10-K filed Feb 27, 2026.3

Leadership

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

Chief executive

  1. Eric M. Sprink2018–now

President

  1. Eric M. Sprink2018–2022
  2. Curt Queyrouze2022–2024
  3. Brian T. Hamilton2024–now

Chief financial officer

  1. Joel G. Edwards2018–2025
  2. Brandon John Soto2025–now

Chief operating officer

  1. John J. Dickson2022–2023
20202025
Board members and other officers (21)

Named in SEC Form D filings

People the company listed in its private-offering notices.

  • DirectorChristopher Adams named Nov 8, 202238

Timeline

  1. Sep 28, 20268-K Other events39
  2. Jul 30, 20268-K Results of operations40
  3. Jul 30, 20268-K Regulation FD disclosure41
  4. Jul 30, 20268-K Executive or director change; Bylaws or fiscal year changed42
  5. Jul 23, 20268-K Executive or director change; Regulation FD disclosure43
  6. Jul 23, 20268-K Other events44
  7. May 29, 20268-K Shareholder vote45
  8. Apr 29, 20268-K Results of operations46
  9. Apr 29, 20268-K Regulation FD disclosure47
  10. Apr 29, 20268-K Regulation FD disclosure48
  11. Mar 12, 20268-K Executive or director change49
  12. Jan 29, 20268-K Results of operations50
  13. Jul 17, 2018New chief executive Eric M. Sprink becomes CEO12

Calendar

Coming up

  1. Nov 4, 2026Reports results for the quarter ending Sep/2026 A year earlier it reported $0.88 a share, on Oct 29, 2025.51

When it reported results

  1. Jul 30, 2026Reported quarterly or annual results40
  2. Apr 29, 2026Reported quarterly or annual results46
  3. Jan 29, 2026Reported quarterly or annual results50
  4. Oct 29, 2025Reported quarterly or annual results52
  5. Jul 29, 2025Reported quarterly or annual results53
  6. Apr 29, 2025Reported quarterly or annual results54
  7. Mar 17, 2025Reported quarterly or annual results55
  8. Jan 28, 2025Reported quarterly or annual results56

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

Filings

382 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 70 major events, 222 insider forms, 20 large holders, 1 private raises, 49 other. The latest 20:

  1. Oct 1, 20264 EDGAR
  2. Sep 28, 20268-K EDGAR
  3. Sep 1, 20264 EDGAR
  4. Aug 26, 20263 EDGAR
  5. Aug 7, 20264 EDGAR
  6. Aug 7, 202610-Q EDGAR
  7. Aug 7, 20264 EDGAR
  8. Aug 7, 20264 EDGAR
  9. Aug 4, 20264 EDGAR
  10. Aug 4, 20264 EDGAR
  11. Aug 3, 2026144 EDGAR
  12. Jul 30, 20268-K EDGAR
  13. Jul 30, 20268-K EDGAR
  14. Jul 30, 20268-K EDGAR
  15. Jul 23, 20268-K EDGAR
  16. Jul 23, 20268-K EDGAR
  17. Jul 1, 20264 EDGAR
  18. Jul 1, 2026144 EDGAR
  19. Jun 2, 20264 EDGAR
  20. Jun 2, 2026144 EDGAR

The 382 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

129 open-market trades by officers, directors and large owners since October 2021: 16 buys and 113 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Aug 7, 2026Adams Christopher DExecutive ChairBuy290$45.15$13.1KForm 4
Aug 6, 2026Sprink Eric MCEOBuy10,000$44.45$444.5KForm 4
Aug 6, 2026HOVDE STEVEN DDirectorBuy10,000$43.83$438.3KForm 4
Aug 5, 2026HOVDE STEVEN DDirectorBuy5,000$44.00$220.0KForm 4
Jun 2, 2026Hamilton Brian TPresident of CCBXSale7,000$71.42$499.9KForm 4
May 8, 2026Lane Thomas DDirectorSale300$72.60$21.8KForm 4
May 1, 2026Hamilton Brian TPresident of CCBXSale3,079$75.44$232.3KForm 4
Mar 3, 2026Hamilton Brian TPresident of CCBXSale146$72.37$10.6KForm 4
Feb 6, 2026Hamilton Brian TPresident of CCBXSale48$88.95$4.3KForm 4
Feb 4, 2026Hamilton Brian TPresident of CCBXSale171$89.67$15.3KForm 4
Jan 26, 2026EDWARDS JOEL GChief Financial OfficerSale1,300$111.34$144.7KForm 4
Jan 22, 2026Sprink Eric MCEOSale4,000$116.01$464.0KForm 4
Jan 21, 2026Sprink Eric MCEOSale8,402$114.27$960.1KForm 4
Jan 16, 2026Sprink Eric MCEOSale3,000$114.15$342.4KForm 4
Jan 15, 2026Sprink Eric MCEOSale4,356$114.51$498.8KForm 4
Jan 9, 2026Sprink Eric MCEOSale4,000$118.88$475.5KForm 4
Jan 7, 2026Sprink Eric MCEOSale3,000$117.60$352.8KForm 4
Jan 6, 2026Sprink Eric MCEOSale8,000$116.35$930.8KForm 4
Jan 5, 2026Sprink Eric MCEOSale8,778$114.95$1.0MForm 4
Jan 2, 2026Sprink Eric MCEOSale8,349$113.73$949.5KForm 4

All 129 trades can be filtered by person here when JavaScript is on.

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
2025Brandon J. Soto52$126.9K$3.1M64
2025Eric M. Sprink53$874.0K$1.7M64
2025Andrew G. Stines$278.1K$1.2M64
2025Joel G. Edwards$394.9K$885.5K64
2025Brian T. Hamilton48$488.0K$793.9K64
2025Curt T. Queyrouze$324.0K$736.8K64
2024PresidentCCBX$120.2K$4.0M64
2024Chief Executive Officer$842.0K$1.9M64
2024Former PresidentCommunity Bank$445.0K$911.4K64
2024Former Executive Vice PresidentChief Financial Officer - retired 9/30/25$389.0K$738.5K64
2023Chief Executive Officer$810.0K$2.0M64
2023Former PresidentCommunity Bank$428.0K$967.3K64
2023Former Executive Vice PresidentChief Financial Officer - retired 9/30/25$374.0K$742.3K64

Funding

Where the company's money came from, by calendar year: private offerings filed with the SEC, federal grants, loans, contracts and other assistance from USAspending.gov, and PPP loans from the SBA. Each bar links to the records below.

Money received by year$20.0M 2022–2022
Money received by yearMoney received by year, 2022–2022: $20.0M in all. Private raises (Form D) $20.0M.$0$5M$10M$15M$20M2022 · Private raises (Form D): $20.0M2022
Figures by year
YearPrivate raises (Form D)Total
2022$20.0M$20.0M

Private raises

Private offerings the company reported to the SEC on Form D. The amount is what the latest filing says was sold so far, charted in the year of the first sale. Covers filings since Oct 1, 2021.

  1. Nov 1, 2022Raised $20 million in a private offering of debt38 Form D: 2 investors so far Form D

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.1,102,172$85.4M0.0%+128,313
State Street Corp582,971$45.2M0.0%+28,013
Vanguard Capital Management LLC573,584$44.5M0.0%+11,362
Azora Capital LP457,333$35.4M1.5%−201,284
Endeavour Capital Advisors Inc429,702$33.3M6.8%+156,100
American Century Companies Inc420,240$32.6M0.0%+1,566
Fmr LLC378,992$29.4M0.0%+8,236
Dimensional Fund Advisors LP372,280$28.9M0.0%+12,709
Wellington Management Group Llp360,919$28.0M0.0%−86,513
Geode Capital Management, LLC341,127$26.4M0.0%+21,602
Manufacturers Life Insurance Company, The335,662$26.0M0.0%−2,157
Loomis Sayles & Co L P284,468$22.0M0.0%−20,320
Citadel Advisors LLC235,224$18.2M0.0%+180,340
Emerald Advisers, LLC216,333$16.8M0.4%−4,849
Kennedy Capital Management LLC168,282$13.0M0.2%+9,519
Emerald Mutual Fund Advisers Trust156,664$12.1M0.4%No change
Stieven Capital Advisors, L.P.155,771$12.1M2.3%+45,200
UBS Group AG151,313$11.7M0.0%−8,399
JCSD Capital, LLC145,140$11.2M16.7%+5,000
Ranger Investment Management, L.P.138,897$10.8M0.7%−12,202
Alliancebernstein L.P.141,331$10.8M0.0%+26,300
Advisors Capital Management, LLC133,584$10.4M0.1%+3,580
Peregrine Capital Management LLC132,829$10.3M0.3%−6,778
Northern Trust Corp116,898$9.1M0.0%+8,508
Goldman Sachs Group Inc116,105$9.0M0.0%+30,317

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

SEC filer profile

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

  • Name on EDGARCOASTAL FINANCIAL CORP1
  • CIK0001437958
  • Employer ID (EIN)56-23920073
  • Filer statusLarge accelerated filer not an emerging growth company; not a smaller reporting company; not a shell company3
  • Incorporated inWashington3
  • Fiscal year endsDecember 311
  • Industry code (SIC)6022 State Commercial Banks1
  • SEC reviewing officeOffice of Finance, Division of Corporation Finance1
  • Business address5415 Evergreen Way, Everett, WA 982031
  • Phone425-257-16521
  • Shares outstanding15,286,327 as of Aug 3, 202610
  • Public float$1.3B as of Jun 30, 20253
  • AuditorBaker Tilly US, LLP, Everett, Washington, PCAOB ID 23; it also attests to the company’s internal control over financial reporting3
  • On EDGAR sinceJun 16, 20081
  • Filings608 in all: 4 (287), 8-K (106), 3 (29), 10-Q (25), 144 (18), SC 13G/A (16), SC 13G (11), D (9)1
    All 49 form types

    DEFA14A (9), 10-K (8), CORRESP (8), DEF 14A (8), UPLOAD (7), 5 (6), 424B5 (4), ARS (4), S-8 (4), SCHEDULE 13G/A (4), 3/A (3), 8-K/A (3), EFFECT (3), FWP (3), 4/A (2), CT ORDER (2), D/A (2), REGDEX/A (2), S-1/A (2), S-3 (2), 1-A (1), 1-A/A (1), 1-Z (1), 11-K (1), 15-15D (1), 424B4 (1), 8-A12B (1), CERT (1), DOS (1), DRS (1), DRS/A (1), DRSLTR (1), PRE 14A (1), QUALIF (1), REGDEX (1), S-1 (1), S-1MEF (1), S-8 POS (1), SC 13D (1), SC 13D/A (1), SCHEDULE 13G (1)

  • Latest filingsAnnual report (10-K) Feb 27, 2026
    Quarterly report (10-Q) Aug 7, 2026
    Proxy statement (DEF 14A) Apr 13, 2026
    Latest 8-K (8-K) Sep 28, 2026

Securities registered for trading

ClassSymbolExchange
Common Stock, no par value per shareCCBNasdaq Global Select Market

From the cover page of the 10-K filed Feb 27, 2026 (Section 12(b) of the Exchange Act).3

Risk factors and legal proceedings

The risks COASTAL FINANCIAL CORP names in Item 1A of its 10-K filed Feb 27, 2026: 61 risks under these headings, as written.3

  • Risks Related to Credit Matters
  • We are subject to interest rate risk, and fluctuations in interest rates may adversely affect our earnings.
  • Our commercial real estate lending activities expose us to increased lending risks and related credit losses.
  • We may be subject to environmental liabilities in connection with the real properties we own and the foreclosure on real estate assets securing our loan portfolio.
  • Our commercial business lending activities expose us to additional lending risks.
  • Our concentration of residential mortgage loans exposes us to increased lending risks.
  • Our origination of construction loans exposes us to increased lending risks.
  • Our focus on lending to the small- to medium-sized businesses may adversely affect our business, financial condition and results of operations.
  • We may not be able to adequately measure and limit our credit risk, which could lead to unexpected losses.
  • We originate and purchase loans through our CCBX partners, which exposes us to increased lending and compliance risks.
  • Our allowance for credit losses may prove to be insufficient to absorb losses in our loan portfolio.
  • The current economic condition in the market areas we serve may adversely impact our earnings and could increase the credit risk associated with our loan portfolio.
The other 50 risks
  • Our SBA lending program is dependent upon the U.S. federal government, and we face specific risks associated with originating SBA loans.
  • Economic conditions could increase our level of nonperforming loans and/or reduce demand for our products and services, which could have an adverse effect on our results of operations.
  • Nonperforming assets take significant time and resources to resolve and adversely affect our business, financial condition and results of operations.
  • Risks Related to Artificial Intelligence and Emerging Technologies
  • Our use of artificial intelligence and automated technologies may expose us to operational, compliance and governance risks.
  • The regulatory and supervisory framework applicable to AI continues to evolve and may limit our ability to deploy or expand AI-enabled tools.
  • AI models may produce outcomes that are difficult to explain, validate or monitor.
  • Our use of third-party vendors for technology solutions, including those incorporating AI, may increase operational and data risks.
  • Increased public and regulatory scrutiny of AI could give rise to reputational risk.
  • Risks Related to Compliance and Operational Matters
  • Imposition of limits by the bank regulators on commercial real estate lending activities could curtail our growth and adversely affect our earnings.
  • Appraisals and other valuation techniques we use in evaluating and monitoring loans secured by real property, OREO and repossessed personal property may not accurately reflect the net value of the asset.
  • We derive a percentage of our deposits, total assets and income from deposit accounts generated through our BaaS relationships.
  • Our banking-as-a-service (“BaaS”) strategy faces increasing competition, including from institutions and partners that may no longer require a third-party bank.
  • Our agreements with BaaS partners may produce limited revenue and may expose us to liability for compliance violations by BaaS partners.
  • Significant changes in federal government policies, priorities, and operations could cause economic disruption and adversely affect our business, results of operation, and financial condition.
  • We may be adversely affected by changes in U.S. tax laws and regulations.
  • We are subject to additional state and local taxes as a result of CCBX operations.
  • Changes in U.S. trade policies, including the imposition of tariffs and retaliatory tariffs, may adversely impact our business, financial condition and results of operations.
  • Because the nature of the financial services business involves a high volume of transactions, we face significant operational risks, including, but not limited to, customer, employee or third-party fraud and data processing system failures and errors.
  • We are dependent on the use of data and modeling in our management’s decision-making, and faulty data or modeling approaches could negatively impact our decision-making ability or possibly subject us to regulatory scrutiny in the future.
  • We depend on the accuracy and completeness of information provided to us by our borrowers and counterparties and any misrepresented information could adversely affect our business, financial condition and results of operations.
  • We could recognize losses on investment securities held in our securities portfolio, particularly if interest rates increase or economic and market conditions deteriorate.
  • The accuracy of our financial statements and related disclosures could be affected if the judgments, assumptions or estimates used in our critical accounting policies are inaccurate.
  • Dependency on external security systems expose us to greater operational risk.
  • We are highly dependent on the accuracy and effectiveness of our operational processes and systems and the operational processes and systems of external parties related to the community bank and CCBX.
  • We may be subject to potential business risk from actions by our regulators related to CCBX relationships.
  • Risks Related to Strategic and Reputational Matters
  • Our business strategy includes growth, and our business, financial condition and results of operations could be negatively affected if we fail to grow or fail to manage our growth effectively. Growing our operations could also cause our expenses to increase faster than our revenues.
  • Strong competition within our market area could hurt our profits and slow growth.
  • We rely heavily on our executive management team and other key employees, and we could be adversely affected by the unexpected loss of their services.
  • Anti-takeover provisions in our corporate organizational documents and provisions of federal and state law may make an attempted acquisition or replacement of our board of directors or management more difficult.
  • We are subject to laws regarding the privacy, information security and protection of personal information and any violation of these laws or another incident involving personal, confidential or proprietary information of individuals could damage our reputation and otherwise adversely affect our business, financial condition and results of operations.
  • We are dependent on our information technology and telecommunications systems and third-party service providers; systems failures, interruptions, security breaches and cybersecurity threats could have an adverse effect on our business, financial condition and results of operations.
  • Risks Related to Our Capital and Liquidity
  • Ineffective liquidity management could adversely affect our business, financial condition and results of operations.
  • We may need to raise additional capital in the future, and such capital may not be available when needed or at all.
  • There may be future sales or other dilution of our equity, which may adversely affect the market price of our securities.
  • Risks Related to Our Industry
  • Regulation of the financial services industry is intense, and we may be adversely affected by changes in laws and regulations, including as a result of the current administration.
  • Additional increases in Federal Deposit Insurance Corporation insurance premiums could adversely affect our earnings and results of operations.
  • Federal banking agencies periodically conduct examinations of our business, including compliance with laws and regulations, and our failure to comply with any supervisory actions to which we are or become subject as a result of such examinations could adversely affect us.
  • Many of our new activities and expansion plans require regulatory approvals, and failure to obtain these approvals may restrict our growth.
  • Financial institutions, such as the Bank, face a risk of noncompliance with and enforcement action under the Bank Secrecy Act and other anti-money laundering statutes and regulations.
  • We are subject to numerous laws designed to promote community reinvestment or protect consumers, including the CRA and fair lending laws, and failure to comply with these laws could lead to a wide variety of sanctions.
  • Federal, state and local consumer lending laws may restrict our ability to originate certain mortgage loans or increase our risk of liability with respect to such loans and could increase our cost of doing business.
  • The expanding body of federal, state and local regulations and/or the licensing of loan servicing, collections or other aspects of our business and our sales of loans to third parties may increase the cost of compliance and the risks of noncompliance and subject us to litigation.
  • The Federal Reserve may require us to commit capital resources to support the Bank.
  • We could be adversely affected by the soundness of other financial institutions.
  • We could be adversely affected by the soundness of our CCBX partners.
  • General Risk Factors
  • We previously identified material weaknesses in our internal control over financial reporting, and any failure to maintain effective internal controls in the future could adversely affect our business, financial condition, and results of operations.
  • National and global economic and other conditions could adversely affect our future results of operations or market price of our stock.
  • We are subject to certain risks in connection with growing through mergers and acquisitions.
  • We must keep pace with technological change to remain competitive.
  • Negative public opinion regarding our company or failure to maintain our reputation in the communities we serve could adversely affect our business, financial condition and results of operations and prevent us from growing our business.

Legal proceedings

From time to time we are a party to various litigation matters incidental to the conduct of our business. We do not believe that any currently pending legal proceedings will have a material adverse effect on our business, financial condition or operations. Item 103 of the SEC’s Regulation S-K requires disclosure of certain environmental matters when a governmental authority is a party to the proceedings and the proceedings involve potential monetary sanctions unless we reasonably believe the monetary sanctions will not equal or exceed a threshold which we determine is reasonably designed to result in disclosure of any such proceeding that is material to our business, financial condition and results of operations.

The opening of Item 3, Legal Proceedings.3

Sources

The numbers on this page point here. Each one links to the record it came from.

  1. 1
  2. 2
  3. 3
  4. 4
  5. 5
  6. 6
  7. 7
  8. 8
  9. 9
  10. 10
  11. 11
  12. 12
  13. 13
  14. 14
  15. 15
  16. 16
  17. 17
  18. 18
  19. 19
  20. 20
  21. 21
  22. 22
  23. 23
  24. 24
  25. 25
  26. 26
  27. 27
  28. 28
  29. 29
  30. 30
  31. 31
  32. 32
  33. 33
  34. 34
  35. 35
  36. 36
  37. 37
  38. 38
  39. 39
    SEC EDGAROther events
  40. 40
  41. 41
  42. 42
  43. 43
  44. 44
    SEC EDGAROther events
  45. 45
  46. 46
  47. 47
  48. 48
  49. 49
  50. 50
  51. 51
  52. 52
  53. 53
  54. 54
  55. 55
  56. 56
  57. 57
  58. 58
  59. 59
  60. 60
  61. 61
  62. 62
  63. 63
  64. 64